#11
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Re: $25,000 to invest what should a noob do?
At 35, his exposure to the stock market should be higher than 10K out of 45K available.
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#12
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Re: $25,000 to invest what should a noob do?
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#13
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Re: $25,000 to invest what should a noob do?
I would agree except if his situation changes (moves) he might want to put a down payment on a house and not have the short term loss that the market might deliver.
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#14
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Re: $25,000 to invest what should a noob do?
What company do you work for? I have a Mesa Tremoverb, love it.
BTW, my financial advice.. don't do anything with the money (except for payoff any credit card debt you may have) until you go down the learning curve. Read read read. good luck! |
#15
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Re: $25,000 to invest what should a noob do?
I work at Line 6.
I have zero debt so this $45,000 is free to be used in any way. I just purchased "Investing for Dummies" today and have just started reading about all this stuff. I'm not going to jump into anything for probably a month or so, and I'll probably post here before I do it so you gives can hopefully help my noob ass out. Thanks again for the feedback guys, greatly appreciated. |
#16
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Re: $25,000 to invest what should a noob do?
MRH!!!
RVSN ILSE DRC DNA RVSN LGF YHOO MTF SNDA just some ideas to start you out for your stocks start at www.motleyfool.com or maybe www.bobbrinker.com to do your research and whatnot dont turn your trades into investments, theyre trades youre not locked into like a fund and require you do your "homework" |
#17
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Re: $25,000 to invest what should a noob do?
read Rich Dad Poor Dad, and The Intelligent Investor, in that order...life changing books
gl |
#18
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Re: $25,000 to invest what should a noob do?
I just received "Investing for Dummies" yesterday and started reading it. Again I'm a complete noob with investing, so I think this book will do me some good. After finishing this book I'll be ready for some more advanced recommended reading and will start making some real investments.
I'm giving myself 1 month of research, then I'm going to take $40,000 and divide it up into a myriad of investments (leaving $5000 in checking). It's funny to see the similarities of Poker and Investing, very intersting stuff. Starting to think strategically with my money is a new concept. Up until 5 years ago I had no money saved, so this is all new, scary and exciting territory. Thanks again for the advice, greatly appreciated. |
#19
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Re: $25,000 to invest what should a noob do?
Vind,
After you finish reading "Investing for dummies", why don't you post a "here's what I learned" thread. Should prompt some interesting discussion. |
#20
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Re: $25,000 to invest what should a noob do?
Im pretty much in the same boat... i have money id like to invest, but first would like to know whats possible to be made with say... 25,000 like the OP said he has. Examples of the kind of info im looking for is... "well if he invests in XX and XX, he could make X ROI after X time". I just would like a general idea of what's possible. Similar to in poker if someone asked me whats possible id ask them how much money they have and then be able to tell them roughly what they could possibly make depending on numerous factors.
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