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Started By
Message
Best way to start investing with $1000
Posted on 2/16/12 at 5:21 pm
Posted on 2/16/12 at 5:21 pm
I am just getting started with my own investing. I am starting off with $1000 and looking to continue each month with about. $300-$500. What are some thoughts on the best way to go. Should i pick one mutual fund, pick several individual stocks, or just 1-2 stocks? Thoughts?
This post was edited on 2/16/12 at 5:23 pm
10
Posted on 2/16/12 at 5:25 pm to npt817
Buy two shares of AAPL....
Posted on 2/16/12 at 6:15 pm to npt817
inb4maxretirementshitfirst
Posted on 2/16/12 at 7:16 pm to npt817
I would go with 1-2 stocks. It will get you more involved with investing and following stocks, which is worth way more than whatever money you will make off of 1000 dollars.
I would choose one large cap and one smaller stock.
I would choose one large cap and one smaller stock.
Posted on 2/16/12 at 9:30 pm to npt817
Start trading options. You can make 100k in less than a month.
Posted on 2/16/12 at 9:32 pm to I Love Bama
Options confuse the shite out of me. Can you give me a very basic explanation?
Posted on 2/16/12 at 9:33 pm to npt817
buy tobacco stocks
Posted on 2/16/12 at 9:44 pm to wegotdatwood
I was being facetious. 
Yes you can make a shite load of money trading options but for every person I know that does well with it, 100 lose money.
OP, do not trade options.
Yes you can make a shite load of money trading options but for every person I know that does well with it, 100 lose money.
OP, do not trade options.
Posted on 2/16/12 at 9:47 pm to I Love Bama
quote:
I was being facetious
I knew that.
Was curious how they work? Any more risky that just regular buy stock and sell stock?
Posted on 2/16/12 at 11:13 pm to wegotdatwood
quote:
Was curious how they work?
Read the investopedia on calls and puts. It's pretty basic stuff.
quote:
Any more risky that just regular buy stock and sell stock?
Yes, ranging from slightly to astronomically.
Posted on 2/16/12 at 11:20 pm to TheHiddenFlask
What do you do more of?
Posted on 2/16/12 at 11:32 pm to wegotdatwood
I mostly use options to take short interests, in a way that is pretty conservative.
Derivatives are like guns. They are very useful in the hands of skilled professionals, but scary and lethal in the hands of an amateur.
Derivatives are like guns. They are very useful in the hands of skilled professionals, but scary and lethal in the hands of an amateur.
Posted on 2/17/12 at 8:02 am to I Love Bama
quote:
OP, do not trade options.
Thanks.
What are some good strategies when starting out.
So far it looks like buying 1-2 stocks seems to be the train of thought.
Posted on 2/17/12 at 8:23 am to npt817
quote:
What are some good strategies when starting out.
Read Read Read.
There is a ton of great info out there, you just have to process it.
I would check out "A Random Walk Down Wall Street" and "The little Book That Beats the Market" for starters. Also, sign up for the CFA Newsletter and WSJ email alerts. Both are free, but they will make you a much more intelligent and informed person about finance.
Posted on 2/17/12 at 9:14 am to npt817
quote:
npt817
wait for next market down turn. Don't invest now.
Posted on 2/17/12 at 9:42 am to TheHiddenFlask
quote:
Read Read Read. There is a ton of great info out there, you just have to process it. I would check out "A Random Walk Down Wall Street" and "The little Book That Beats the Market" for starters. Also, sign up for the CFA Newsletter and WSJ email alerts. Both are free, but they will make you a much more intelligent and informed person about finance.
Thanks. I am always looking for good books to learn from. I just finished up both Peter Lynch books and ordered "A Random Walk Down Wall Street" and "Winning the Losers Game". Will def check out "The little book that beats the market".
Posted on 2/17/12 at 10:52 am to npt817
The book selections are good. I would add that if you are just starting out it may not be a bad idea to set aside some small amount (a couple of thousand is fine) and actively trade it. Set aside a similar amount to invest in index funds.
Why? Because you'll eventually convince yourself that beating an index fund consistently isn't at all easy and exposes you to much more fluctuation. It's less expensive to learn this lesson now than when you're retired with a few hundred thousand and nothing better to do. I've seen guys in that position literally bet everything they have (leveraged even!) and have real roller-coaster rides with their life savings. Get this out of your system now while the tuition is cheap.
Why? Because you'll eventually convince yourself that beating an index fund consistently isn't at all easy and exposes you to much more fluctuation. It's less expensive to learn this lesson now than when you're retired with a few hundred thousand and nothing better to do. I've seen guys in that position literally bet everything they have (leveraged even!) and have real roller-coaster rides with their life savings. Get this out of your system now while the tuition is cheap.
Posted on 2/17/12 at 11:28 am to foshizzle
put it on black
Posted on 2/17/12 at 11:30 am to foshizzle
quote:
Why? Because you'll eventually convince yourself that beating an index fund consistently isn't at all easy and exposes you to much more fluctuation.
Solid advice.
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