Your Questions About Investing Money Wisely

vanessa answers:

A car is an ephemeral thing. A dream today, a pain in the rear end tomarrow. At least if it is a dream, the dream is for ever.

I would not waste my money on one. I would invest it, hopefully wisely.

vanessa answers:

Martha,

Well, welcome to the world of investing! I would definately do your research before you commit to any one option.

With a smaller amount to invest you have to work carefully with something like the stock market for example. Much of your investment can be spent on the cost of a trade. Say for example you find an online site to help you buy stocks, say for $12.95 a trade.
Well, if you only put $100 into that specific share we are talking about a 12.95% of your investment!!!
So you have to be careful.

There is an article titled “Invest with only $1000″. It’s on a blog I frequent.

The link to the article is http://www.finance-your-life.com/?p=23

Take a look, it has some good information.

Happy Thursday!

Dave

vanessa answers:

NYX is very pricey. It is a hot new stock. I believe there is a great deal of risk in this stock.

A wise way for a beginning investor to begin is to invest in a mutual fund or an index fund. That way you get diversity of investments with a small a amount of investment. In other words if you buy one stock and it does not prove to be a good investment, it will ruin you whole experience. If you buy a portfolio of investments, which is what a mutual fund is, than if one or even a dozen of their holdings prove not to be good, you will not suffer greatly, if at all. Their other investments might prove excellent and cancel out the bad ones and still show a good return. Not all mutual funds are good however. Some are and some are not. But Yahoo provides a decent screen of mutual funds that one can use to find ones with good long term records.

vanessa answers:

I guess they think there’s going to be a conflict in creative differences, and we know there’s a lot between man and woman.

But if it’s going to be a silent partner, then it would be wise because money is money, and all you have to give the partner is a K-1 at the end of the year, unless they decide to cash out.

vanessa answers:

I suggest that you pick 5-10 places that you might want to move to and take a trip there. It will give you a better idea if you want to move there.

Note: you can double up on your trips – say you pick England, you can see Ireland, Scotland, France, etc. On the same trip.

Good luck – M