Also it would not be appropriate for any professional to provide any specific investing advice based on the information provided. And it would not be prudent for you to accept any specific investment advice from unknown individuals here at YA or a similar media.
There are many people just like you that are, or were looking to invest and those that did bought Mutual Funds and/or Exchange Traded Funds (ETFs). One purpose of mutual funds is to help investors like you, who are either just entering the investment world or who have no investing experience. Once you feel you at least have an understanding of investments you should look into ETFs which are similar to mutual funds but are traded on the exchanges.
Mutual Fund companies as well as ETFs and Master Limited Partnerships have an entire array of products many will fit your needs. Read about the various products and in doing so you will be getting investment ideas and at the same time educating yourself about investing.
You could also contact the funds companies for more information. I have found that Vanguard (http://www.vanguard.com/) & Fidelity Investments (https://www.fidelity.com/)
can meet your needs for mutual funds. The service and information they provide is all free and you will find it helpful. You can also read about Master Limited Partnerships at “the Dividend Detective” http://www.dividenddetective.com/
You do not need much money to start an investment program, you have to start somewhere so it mights as well be now, and with whatever little funds you have. One important thing to remember about investing and starting a program- always make sure you pay yourself first. Yes you must pay your mortgage and your utilities but before you pay them drop a couple buck into your own program
When you get a chance, pick up Investing for Dummies by Eric Tyson. This will help both you and your husband.
Regardless of what you decide, do not ever let anyone tell you not to invest, especially those that do not invest themselves.
Good luck on your journey
Just read an news piece about what happens when folks put a set aside each month at various ages. You are a bit late starting but you will be simply amazed at what fifty or seventy-five dollars a month will do over the years if you are consistent and don't tap into the fund.
First, go to www.investopedia.com and search for and read "Investing 101. It is a basic primer and is well done. Don't wait to start socking away the money though because you'll need a batch of it open an account. Pat attention to details. Avoid any and all up-front commissions that some funds charge and pay close attention to the on-going administrative charges. You'll find that Vanguard is a low cost company offering a wide variety of funds in which you can invest.
Start with mutual funds. Go to Fidelity.com & they will help you.
I am considering investing in the next year or so. My family is lower middle class. I am a college student, my husband is an Automotive Tehnician, and we have a baby. I know we don't have much money now, but I am determined to move up the social scale. It would be a small amount each month, $50-80. Does anyone know of a good beginner's guide? I'd like to use this time to learn as much as i can about investing in stocks and bonds before I dive into it. Any advice on where to start?
