Stock Markets Exposed - How to make money out of small sum by investing it in mutual funds,shares and all??

How to make money out of small sum by investing it in mutual funds,shares and all??

Have just started off with my job,could ya telme how cn i make money out f small amt lik say 30k bucks..as i dunno nythin bout mutual funds,shares n al..!!

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Ok, enough with the people trying to phish you their websites. How about we give you some feedback on the question you posed? Best place to start if you don't know anything is to start to know something. Might I suggest you read a copy of Investing For Dummies? It's a great starter book that covers just about everything. That should get you a bit more comfortable with the whole environment, and make you feel more confident about your choices. You also might want to check out Investopedia.com. Great on-line resource. Second, don't discount your 30K. That 30K at 10% would become 200+K in 20 years. So, think about it like it is a potential quarter of a million bucks. That's what it can be; and that's what you WANT it to be. So treat it as such. Best advice I can give is to give yourself some time to educate yourself, then start off slowly and conservatively. Once you've been at it a while, you'll learn where to look for the money and returns you want, and it'll become a lot easier for you. ***** Now, if you want to get into it right away and try to earn as you learn, here are some basics on how I pick mutual funds. Ran a screen the other day on funds that returned over 20% for the last 5 years (was answering another person’s question). Came up with 440 of them. That’s a lot to chose from. So, start from there and narrow your search. You can check this all out at Yahoo Finance on their Mutual Fund page or through their Mutual Fund Screener. 1. So, you want to look at the 3 yr and 5 yr returns. 2. Then, look at the Morningstar ratings. Go for funds in the 4 – 5 star range. 3. Then you need to look at the loads and service fees each fund charges and look for funds that have low fees, and preferably are No Load. 4. You’ll also want to look at the risk ratings of the funds and find a range you’re comfortable with. 5. You also want to look at minimum investment amounts. You don’t want to pick funds that have 25K minimums if you only have 30K to invest. Shoot for funds with mins between 1 – 5K. Then, once you’ve eyeballed 8 – 10 prospective funds, narrow that down to the 3 – 4 funds that you like the best and are the most comfortable with. Then, open an account at a brokerage, move the money over there, and split it between the funds you’ve chosen. (If you have any questions at that point the brokerage will be more than glad to assist.) Also, some funds may not be available at your brokerage. So check into that before you make a move. This is also why you want to have more prospective funds than you really need. You can find this info under the Purchase Info link on the funds summary page on Yahoo. (Same place you find the min investment info….) Also, some funds may be closed to new money. So, you need to be prepared for that possibility and have those fallback choices. When picking your funds you might want to pick a couple with more conservative returns in the, say, 10% - 15% range, and spice it up with something that’s really been cruising like the ones listed on Yahoo’s Top Performers. This approach will give you a simply way to set up a diversified, starter portfolio which should get you some decent returns while you further develop your knowledge and expertise in the field of investing. Hope that helps.
hi jason. congrats on your new job. Investing in mutuals funds is one of the safest and easiest to earn extra money for your retirement. my personal advise for you is first, get a reliable and experienced financial advisor, second, be patient as time is needed for the value of the funds to grow and third, diversify your funds. This means to say buy a few good, stable funds for investments to hedge against market falls. Cheers.
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