Have you ever made an investment?
By smartie0317
@smartie0317 (1610)
United States
October 3, 2009 10:38pm CST
Have you ever made a financial investment? What did you invest in? Did you get money or just lose it? Any advice for a young person like me on investing smartly?
6 responses
@vandana7 (100531)
• India
4 Oct 09
Hi smartie, about a few years ago, I joined Franklin Templeton's Tax Shield. The stock markets tanked within a few months of me joining that. Recently I reviewed the portfolio and I feel proud about the kind of returns I have got from it. So think SIPs, go for Kotak Mahindra, Franklin Templeton, or such mutual funds if u dont really know how to go about it. Alternately, keep investing in gold etfs offered by any public sector bank. I doubt if u r looking at becoming a whole time investor / trader. If that is ur objective, please go for regular classes. Investments need to be watched carefully and sold periodically. U cant just buy and forget them unless u r in something like ETFs or mutual funds or other retirement plans that are monitored by IRDA rules.
@ronnyb (6113)
• Jamaica
4 Oct 09
Well I have been investing form the moment I knew what investing was I have invested both locally and internationally .I have invested in mutual funds ,unit truts stocks and lately forex .Mostly I keep loosing my money but I keep at it believeing that by the ;aw of avearges ,one day I will gain .I must admit that there were periods where i made money but due to greed and inexperience and insufficient capital ,my earnings havent really lasted as I usually loose them by investing in some riskier venture ,however like I said I keep persisting
@ronnyb (6113)
• Jamaica
4 Oct 09
Personally I believe that with the stock market rebounding that is good place to start .Get some techinical advice as there are many stocks that are undervalued ,many companies with good fundamentals-good revenue streams and new product line that got caught in the subprime whirlwind ,where you can find good value .However like the good old saying goes "never put your eggs in one basket" ,so you will need to invest in other products as well like money market instruments that will guarantee you a fixed rate of earning like bonds and certificate of deposits.
In additon you could check out mutual funds and unit trusts .They are a cross between stocks and money market instruments ,they will guarantee you a fixed rate of return but then there are periods when they will go down or up depending on the type of investments taht tehy make and the type of market forces taht prevail
@tulipstrader (1467)
• India
5 Oct 09
I invest regularly except for the last 18 months when I had a reversal in my fortunes. I lost the ability to read markets and its pulse. getting back to the old ways will take time, but getting the money lost is not an easy task.
I invest in stocks, mutual funds and little in bonds.
@babyorchid (1737)
• China
11 Oct 09
yp i investment money into stock..but failled..hehe
and hten i also investment into our website...now still working on this business,,,,
i think no matter wt kind investment ..just be smart and more resonable..
check more information on this field..and be careful about ur money
@srganesh (6340)
• India
10 Oct 09
If you just want to invest and forget about it,then gold is the best choice.It is the universal currency and you can easily safe guard it.But if you are keen in multiplying your investments,then fixed deposits or recurring deposits in a bank could be helpful.If it is fast money,then stock market is the best place but it always holds risks.I would like to suggest starting some business where you can gain good returns for your hard work.Cheers!
@suzzy3 (8341)
•
4 Oct 09
keep your money in your pocket smartie don't be tempted,the people offering you this one only chance of making a fortune may be gone as soon as they have your hard earned money.No I would never play the stock market,I may invest in a business in the future but would have to see the books first and see the order book,ect.Or maybe I am just to caustious.
