How Do I Invest in Something?

Jump to Last Post 1-3 of 3 discussions (4 posts)
  1. canarygirl profile image60
    canarygirlposted 5 years ago

    This is going to sound silly, but I don't know where to start when it comes to investing. I need to start putting money aside, and I would like that money to grow over a period of time. I don't understand how to buy shares, make trades, or sell stocks. (I might have got all of that lingo wrong.) I wanted to ask real people what they are doing, so I thought I'd post this on HubPages. I know that if I go to my bank or hire someone, I will get a sales pitch. My family has suggested that aside from starting an IRA, I should invest in something. Where should I start? And, how can I spot a good investment?

  2. psycheskinner profile image82
    psycheskinnerposted 5 years ago

    I would suggest going to a mainstream place like fidelity and having a chat about how to invest without taking to much risk.  They have some nice diversified options that will grow your money a modest amount without to much risk of losing the principle. A starting consultation is usually free.

  3. SoManyPaths profile image59
    SoManyPathsposted 5 years ago

    Learn what type of investor you are too. Can you handle volatile stocks which may swing up and down by 30% or more in 3 to 6 months. I just got creamed by selling one too quickly and losing out on $8K due to fear. ** cough ** Netflix ** cough)

    1. TraderJrod profile image60
      TraderJrodposted 5 years agoin reply to this

      So many people want to put money away and get some sort of decent return.  As a financial advisor, I would not give you any sort of sales pitch and I highly  doubt any bank advisor would do that either.  To be honest, advisors are paid commissions based on the dollar amount they invest for someone.  If someone walks in with 350K and wondering what they should so with it, of course they will try to sell them the best product for them and in turn make a decent commission.

      If someone walks in just trying to figure out how to start saving money, I would tell them to simply create an account, it could be an IRA or a basic savings account and just start putting money in it on a consistant basis.  Yo have to start somewhere. 

      Let's look at the facts.  Let's say you had $1,000 to start and you earned a 5% return, you will have made $50 for that year.  Even though 5% is unheard of in a savings account, it gives you an idea of what type of "return" you are looking at.

      When you are just starting out, your main focus should be making a consistant effort to put money aside.  Pick an amount that you are comfortable with every month and stick to it.  If your job has a 401K. that's the first place I would start.  Pick an amount that you can put into savings as a backup, and an amount that you will NEVER touch until retirement. 

      When raises come around or debt gets paid off, increase your contributions and get used to setting aside those funds.  Before you know it, you will have the beginnings of a nice little nest egg for yourself.  At that point you can talk about risk tolerance and volitility because it will be YOUR hard earned money, and your decision what to do with it.  That's where a good advisor can come in to the mix and be able to point you in the right direction.

 
working

This website uses cookies

As a user in the EEA, your approval is needed on a few things. To provide a better website experience, hubpages.com uses cookies (and other similar technologies) and may collect, process, and share personal data. Please choose which areas of our service you consent to our doing so.

For more information on managing or withdrawing consents and how we handle data, visit our Privacy Policy at: https://hubpages.com/privacy-policy#gdpr

Show Details
Necessary
HubPages Device IDThis is used to identify particular browsers or devices when the access the service, and is used for security reasons.
LoginThis is necessary to sign in to the HubPages Service.
Google RecaptchaThis is used to prevent bots and spam. (Privacy Policy)
AkismetThis is used to detect comment spam. (Privacy Policy)
HubPages Google AnalyticsThis is used to provide data on traffic to our website, all personally identifyable data is anonymized. (Privacy Policy)
HubPages Traffic PixelThis is used to collect data on traffic to articles and other pages on our site. Unless you are signed in to a HubPages account, all personally identifiable information is anonymized.
Amazon Web ServicesThis is a cloud services platform that we used to host our service. (Privacy Policy)
CloudflareThis is a cloud CDN service that we use to efficiently deliver files required for our service to operate such as javascript, cascading style sheets, images, and videos. (Privacy Policy)
Google Hosted LibrariesJavascript software libraries such as jQuery are loaded at endpoints on the googleapis.com or gstatic.com domains, for performance and efficiency reasons. (Privacy Policy)
Features
Google Custom SearchThis is feature allows you to search the site. (Privacy Policy)
Google MapsSome articles have Google Maps embedded in them. (Privacy Policy)
Google ChartsThis is used to display charts and graphs on articles and the author center. (Privacy Policy)
Google AdSense Host APIThis service allows you to sign up for or associate a Google AdSense account with HubPages, so that you can earn money from ads on your articles. No data is shared unless you engage with this feature. (Privacy Policy)
Google YouTubeSome articles have YouTube videos embedded in them. (Privacy Policy)
VimeoSome articles have Vimeo videos embedded in them. (Privacy Policy)
PaypalThis is used for a registered author who enrolls in the HubPages Earnings program and requests to be paid via PayPal. No data is shared with Paypal unless you engage with this feature. (Privacy Policy)
Facebook LoginYou can use this to streamline signing up for, or signing in to your Hubpages account. No data is shared with Facebook unless you engage with this feature. (Privacy Policy)
MavenThis supports the Maven widget and search functionality. (Privacy Policy)
Marketing
Google AdSenseThis is an ad network. (Privacy Policy)
Google DoubleClickGoogle provides ad serving technology and runs an ad network. (Privacy Policy)
Index ExchangeThis is an ad network. (Privacy Policy)
SovrnThis is an ad network. (Privacy Policy)
Facebook AdsThis is an ad network. (Privacy Policy)
Amazon Unified Ad MarketplaceThis is an ad network. (Privacy Policy)
AppNexusThis is an ad network. (Privacy Policy)
OpenxThis is an ad network. (Privacy Policy)
Rubicon ProjectThis is an ad network. (Privacy Policy)
TripleLiftThis is an ad network. (Privacy Policy)
Say MediaWe partner with Say Media to deliver ad campaigns on our sites. (Privacy Policy)
Remarketing PixelsWe may use remarketing pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to advertise the HubPages Service to people that have visited our sites.
Conversion Tracking PixelsWe may use conversion tracking pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to identify when an advertisement has successfully resulted in the desired action, such as signing up for the HubPages Service or publishing an article on the HubPages Service.
Statistics
Author Google AnalyticsThis is used to provide traffic data and reports to the authors of articles on the HubPages Service. (Privacy Policy)
ComscoreComScore is a media measurement and analytics company providing marketing data and analytics to enterprises, media and advertising agencies, and publishers. Non-consent will result in ComScore only processing obfuscated personal data. (Privacy Policy)
Amazon Tracking PixelSome articles display amazon products as part of the Amazon Affiliate program, this pixel provides traffic statistics for those products (Privacy Policy)