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#1
09-02-2006, 10:35 PM
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What should my investment strategy be?
I'm currently a 25 years old who is grossing approximately 50k annually looking for some guidance in investing. Currently the only worthwhile investing I engage in is into my 401k, but I really am at a loss for what other steps that I should take. Any advice or text suggestions would be greatly appreciated.
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#2
09-03-2006, 12:07 AM
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Re: What should my investment strategy be?
Invest in buying stocks should be your firt choice.
Read the book "the intelligent investor" by Ben Graham with commentaries by Jason Zweig first, followed by reading " One up on Wall Street" by Peter Lynch, then you can have suffient background knowledge to invest in stocks. There is no short cut to invest in stocks.
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#3
09-03-2006, 02:36 AM
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Re: What should my investment strategy be?
My advice is to bypass the two reccomendations for an easier text, like "investing for dummies" or "the boglehead's guide to investing".
I don't reccomend taking the plunge right into stocks either. There are easier ways-- mutual funds and etf's, particularly index-tracking funds are a wise choice.
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#4
09-03-2006, 09:02 AM
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Re: What should my investment strategy be?
[ QUOTE ]
Invest in buying stocks should be your firt choice. Read the book "the intelligent investor" by Ben Graham with commentaries by Jason Zweig first, followed by reading " One up on Wall Street" by Peter Lynch, then you can have suffient background knowledge to invest in stocks. There is no short cut to invest in stocks. [/ QUOTE ] did the guy say that he wanted to day trade? he wants to know where he could invest some money and have access to it how about some mutual funds or an ING account if you don't feel like reading 17 books
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