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Assistance On Buying Assets

by Luke
(Sydney)

I just turned 18 a little while ago and money interests me greatly. I have done a fair bit of research in what assets I should buy, but I need a more straight forward route (if any), from someone that knows what they are doing/talking about.

I have joined Etrade, and for some reason the stock market interests me greatly, but of course there is risk there. I am an amateur when it comes to investing, but I want to know where I should begin. I do not have hundreds of thousands of dollars and the assets I want need to be affordable for someone like me, but will it help me say if I invest in an asset once a month. (i.e. Certificate of Deposits, Stocks) There really is no starting point, just need some guidance...can anyone help?

Comments for
Assistance On Buying Assets

For your age I would suggest going stocks, you are young enough to lose money and recover still so why not go for it. Now considering how much money you have in your account you may want to try opening it up to margin. This will give you more trading power and let you "hedge" your investment. How you do this is research a company that you think has a real good chance of going up, and then research into one that you will think will go down, buy long the one that goes up and short sell the one that you think will go down. This is the best way to protect yourself and gain a higher return.

If you don't have enough credit or money to open up a margin account just buy into stocks that offer a dividend. That way you will earn money from when it goes up and when it pays out.






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