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stocks!

J

jonpeter

macrumors member
Original poster
Sep 19, 2013
42
0
MI
So i'm a new investor and i just started with scottrade, opening up a general stock and roth IRA account.

I've bought some apple, tesla, amd, and unfortunately blackberry stock (lets see how the sale goes...) for my general stock.

Anyways, I came here to ask about mutual funds. I have the maximum amount I can invest in for the 2013-2014 year, $5500. But I am wondering which fund to start with?

I was personally thinking vanguards HealthCare fund. However, if any of you can suggest some other funds i should look into, I will!

Question: what (mutual) funds/stocks are you guys investing in?
 
First off, most day-traders end up losing money."For the typical retail investor, day trading isn't investing, it's gambling. If you want to gamble, go to Las Vegas; the food is better."

Now for mutual funds, look for funds with long track records and steady investments. I would suggest finding an independent investment broker to help guide you through the choices. If you don't understand something, don't invest in it!!! You are looking for long term investments - a place to park your money and leave it for the long term, through ups and downs. Highly advertised or new funds - I'd stay away from. They probably have high fee rates.

I don't have time to become an expert on mutual funds. So I have a broker that helped me pick out the funds. Frankly, it was so long ago since I swapped any funds around that I don't remember the names! I found my broker through Dave Ramsey's ELP program. Your mileage may vary...
 
It's best if you diversify and get multiple mutual funds. I use Vanguard since their fees are low and they have plenty to chose from. When you buy a fund, it will give you the risk level of the fund (very aggressive -> very conservative). Pick your fund based on the risk, return, and dividends. I like to diversify the risk and pick funds with good dividend returns (I invest long).

I recommend having emergency money in your bank account to fall back on before investing.
 
If you are in for your personal gains, I suggest you getting loads of insiders information/acquaintances before you even start letting your hard-earn cash or daddy's-money-growing-trees flowing in the stocks market.

If you are in for a better economic outlook/futures for all of us, all hail to you as we are in desperate need of investors like you, you are our last hope. ┼
 
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