> Top tips for investing?

Top tips for investing?

Posted at: 2014-12-05 
What is your purpose for investing? To save money? To gamble in the stock market? Do you like to take risks or do you want to play it safe? Education is the key. I know that experts always say invest in a 401k when you are young, but look up the penalties and tax you will be paying when you start pulling out the money. Did you save money so you can pay tax on it later? Index universal life insurance or annuity with living benefits. You get the benefit of cash value growing at a safe rate, can't lose your money only gain, cash value you can access at anytime tax free, your family gets the money if you die, you can use the money if you become terminally, chronically, or critically ill. Is that a good investment or what? These are just some of the benefits because it is customized to fit each individual's life.

Start young, get a Roth IRA as well as a 401K from your employer. Invest using dollar cost average, do not focus on the short term market news and invest for the long term

Best of Luck...Take Care

All it takes is one or two good pieces of knowledge or information to improve your portfolio's performance.

Best invest in Education,it is life long help ful.Or stock market,gold investing at the time amount is safety.

Tip? Buy low, Sell High

Anyone can think of a better tip, I will worship you forever.

Start young.

Scottrade is a great place for new investors. We offer many great research tools including S&P and Reuters analyst reports, stock screeners, and educational videos designed to help you make your own investment decisions. Additionally, while we are unable to provide opinions or comment on specific investments, you will not be alone! We offer world class customer service by phone, email, or your local branch whenever you need assistance.

We have no fees to open or maintain an account. We require an initial deposit of just $500 for all of our account types; however we do not require you to maintain a minimum balance. These will be your funds to trade with, in the account.

The commission for online market and limit stock trades is $7 per transaction for stocks priced $1 and above. This is for any number of shares.

Scottrade Referral Code - “VZDM0130" for 3 Free Trades For Opening A New Account.

Select "Referred By Friend" and enter that code. the free trades appear right after you open your account or within 2 days.

1."don' t put all the aspects in one basket"

2. set goals and limits

3. tax planning

4. get professionals help

Buy stocks that go up. Or if you can't do that, buy a good mutual fund.

VTSMX - Vanguard's Total Market Index comes to mind.

Before you spend $0.01 on any investment, you must know what you’re doing, why you’re doing it and how to do it. Before you invest in any security, the first investment you should make is in yourself, and the best investment you can make is by educating yourself.

Begin your education by learning why you should invest and the importance of being able to make your own decisions or how the pro’s make theirs. Start your education by reading “Investing for Dummies” by Eric Tyson.