So you want to invest in stocks?
And, why not be a bit of a contrarian by getting in now … when the markets are all beat up, and there is doom and gloom around, that’s when most of the money in this world is made … so, if you do want to invest, how?
Well I covered a bit about this subject in a recent post, comparing Index Funds to ETF’s … but, I want to go into it just a little bit deeper:
First of all you need to understand what type of investor you are:
If you are, then sign up for some newsletters and courses, such as the Tycoon Report (has the added advantage of being free!)
3. If you don’t have the patience for the latter (2.), or the stomach for the former (1.), then buy yourself some units in a low cost Index Fund … keep buying … and, wait!
That’s it in a nutshell …
… but, wait you say … what about:
4. Mutual Funds – too expensive and 85% of fund managers don’t even beat the market
5. Growth Stocks – if you have no special skill or knowledge, what makes you think that you can beat the Fund managers in 4.? You can’t (unless, you are lucky … then you are really just back at 1.).
Did I miss anything?