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Hi all, there have been many instances that have made me to think about my future plans for investing a good sum in some good in vestment markets…but now I have decided to invest the money at least for a start. So, here I need some good options to help me decide the area that I can focus on.
Any help will be appreciated. |
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I was too stuck with the same issues of investing in the right place but then I realized (with some advice from my friends)….to go for investing in real estate that really turned out a luck of pot for me and I was glad that I took that step. I would advice you on the same and would like you to focus more on the REI so that it would be a benefit and a mode of security too.
Last edited by Matthew Sherborne; 08-01-2008 at 07:05 AM. |
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Yanna: Be careful before you jump into anything!
There are many things you can invest in, like real-estate, or buying shares of companies, or even low-interest paying GIC's. If for example, I had a million dollars (which I don't, but if I did) I would probably buy a GIC, and take 6 percent per year ($60,000) and kick back, and lie on the beach with my girlfriend! Someone else, however, might use that million to make fortunes in real-estate, or by buying ownership (shares) of companies. Someone else might foolishly squander the million dollars in bad uninformed investments, and loose all their money, and be left in ruins. You'll have to spend some time reading. Lots and lots of reading. Start at the business/investing section of your bookstore. Ask questions on this forum and other forums. Like you I am a new investor, and the past year I've done nothing but read... I'm coming close to making my first big investment purchase... but it's taken me about 7 months of hours upon hours of reading to begin to feel "comfortable". And even now, after all that reading, I find that I really don't know what the heck I'm doing! Investing is very serious business. I had no idea...
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