Hello guys, I was wondering what investment would be best for a beginner like me who doesn't have loads of money.
I would say that silver bullion is probably the best thing to purchase for someone without a lot of money. It's pretty cheap and increases it's value in economic downturns. You can also sell it at any time. Gold is good too put a 1/10 ounce bullion coin is still expensive.
I had considered this before but it does make sense. Its it safer than the typical route that a beginning investor would take with stocks and bonds?
I have a real interest in these types of commodities (silver or gold) but I don't know the best place to get them. I've heard a lot of incredibly negative feedback on a lot of the companies that sell them online...that being that they in fact might not have the gold they are trying to sell. Does anyone have any reputable sites to buy these?
If you only have a few hundred or a few thousand bucks, I'd consider an index fund. It's a very cheap way to get broad, diversified exposure to the stock market.
This sounds like a good place to start to build low risk capital, thank you. Do you have any suggestions on who to use for this? Who might charge the least for transactions. From what I just read, I understand that these are generally low transaction funds, but I'd still want to use the best.
Can you possibly explain what an index fund is for me? Sorry, I am a financial newbie who doesn't know much about this kinda thing. I'm in a similar situation to the thread offer, and that was one of the reasons I joined this forum. I want to begin investing so I can possibly have a way to make some money on the side while I work my normal job. Reading this thread has given me a lot of great advice, but some of the terminology and lexicon just doesn't make much sense to me.
I don't want to step on anyone's toes and I don't mean this in a critical way but more as an encouraging comment and research guidance. It is good to ask advice etc but I would also suggest that people do take some responsibility in further researching for themselves, i.e simply by searching 'index fund', an immediate answer to the question is found: https://en.wikipedia.org/wiki/Index_fund So advice is asked, an answer is given, leading to a pro active and fruitful search result... happy days all around.
If you were going to invest in a fund such as a S&P 500 Index fund, I'd go with a reputable discount broker to keep costs minimal. And websites such as morningstar, WSJ, yahoo finance, marketwatch, etc are very useful for finding a particular fund or funds to invest in. Most of these sites even rate the funds - 1-5 stars, etc.
The easiest way is to buy US Bullion coins from certified dealers. Search for American Eagles - the proof coins are more for collectors and can add or lose value depending on the rarity and demand for coin (you have to pay a premium for a proof).
