Posted on Aug 28, 2016
What are some companies to invest in for beginners?
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Investing
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Investment Advisor
Posted 8 y ago
Responses: 6
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When we are sick we see a doctor to give us medical advice and treatment as needed. Makes sense as the Doc has a medical degree. If we have legal question we ask a lawyer. Of course, he/she graduated from law school and passed a Bar exam.
If we have investment questions we should be talking to a financial advisor/planner who is (1) registered and (2) who is a "Fiduciary".
Be careful with barracks know it all investors and water cooler financial advisors.
If we have investment questions we should be talking to a financial advisor/planner who is (1) registered and (2) who is a "Fiduciary".
Be careful with barracks know it all investors and water cooler financial advisors.
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MSG Mitch Dowler
Financial Planners even those not working for commission only seem to deal with paper assets such as stocks, mutual funds and bonds. They have little or no knowledge of hard assets that an investor can actually have personal control over and which have real intrinsic value.
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MAJ Raúl Rovira
MSG Mitch Dowler - I agree with you in the part that there are many individuals who are really brokers going by the title of financial advisor or financial planner. Nor all financial planners are as you describe.
Anyone looking for financial advice needs to ask for the individual credentials. As a minimum a Registered Financial Consultant (RFC). Preferably a Certified Financial Planner (CFP). Bonus if you can get a someone with the Accredited Investment Fiduciary (AIF) designation.
Anyone looking for financial advice needs to ask for the individual credentials. As a minimum a Registered Financial Consultant (RFC). Preferably a Certified Financial Planner (CFP). Bonus if you can get a someone with the Accredited Investment Fiduciary (AIF) designation.
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SPC (Join to see) Beginners should not invest in stocks. Go to the Vanguard website, where you will find a lot of information on mutual funds. Start out slow and invest in mutual funds to begin with. Go to your library, where you should be able to gain access to Morningstar and other resources for free. Do your research, invest in mutual funds to start, and individual companies later after you have done the required research. This is your hard earned money, so take your time and invest wisely.
http://www.vanguard.com
http://www.vanguard.com
Mutual funds, IRAs, ETFs, 401(k) plans, and more | Vanguard
Vanguard is one of the world's largest investment companies, with more than $3 trillion in global assets.
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SN (Join to see)
Advising people not to invest in stocks because they're beginners doesn't make sense to me. Why not?? What makes Vanguard so special over the others?? Could it be because that's the company you've only dealt with?? The advice should be to go to the sites you mention plus MarketWatch.com where they have a section on investing in stocks. Also, yes, research doesn't hurt either. Starting with a small amount doesn't hurt either. The initial investment doesn't have to be a huge sum to get an idea of what's involved and how it works.
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Sgt (Join to see)
SN (Join to see) - I have over 40 years investing experience - do you?Putting your eggs in one basket, does not make sense when you are a novice investor. Putting your money in a mutual fund, spreads the risk. I have invested with a number of companies and I like Vanguard the best because of their low fees and outstanding reputation and customer service. There are many great sites to go to and many opinions on investing. You are welcome to invest how you see fit, My advice stands as I stated.
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