billybob


Keeping in mind the current state of the market, how would you suggest investing for long term right now (im 20). I have 2 CDs and also own about the same value in stocks (lately ive mostly been investing into stocks). I am going to be getting a fairly large check soon and plan on investing a good portion of it. So do all of you think the market is near bottom or that it will have a lot longer to go? Also with how the market is, how do you think Chinese Stocks will perform? Do you think it is good to stick to something like CDs for now?

I was thinking of probably picking up shares of SNY (which is down because of a FDA subpoena on one of their drugs, which I already have shares of), CWDK (Chinese, Probably if it drops some more), PEP (Commodities seem good for this recession and its had a large recent drop), NPB (Chinese, seems low and like it has a good future as the chinese medical industry grows (and more people have access to it)) and also SIMO (Taiwan, low price now)

6 Responses to “How to Invest?”

1. woody_allen324 on February 19th, 2009 1:51 am

   My best advice, since you’re my age, would be to start small. Invest only in money market mutual funds. They’re steady growth but you won’t lose anything.

   Invest in high interest savings accounts (I.E. ING, HSBC, etc.)

   Plus what are your investment goals? You should have four main investment accounts: two short-term investment accounts, one long-term investment account and one general “shit happens” savings account.

2. asianetix on February 21st, 2009 1:17 am

   You could put your money in a risk-free deposit account in another country where general interest rates are higher e.g. South Africa, where interest rates are now 10% p.y. on deposit accounts. See e.g. Nedbank or Absa. It is legal and you maintain full control.

   Of course the risk over time lies in FX rates, but these can be studied and the trend followed. Obviously, the FX rate can add or deduct from your earnings.

   Oanda.com provides FX history for various currency pairs.

   This is a strategy I use for clients in Asia during these volatile times, due to low interest rates here.

   I assume at your age you would prefer a more handsome rate of growth though..

   In that case, look at developing markets. One good source is Equinox.com which offers a platform for trading unit trust funds in South Africa. Take a look at the growth rates of these funds over various periods (look for “Performance” on the site to get an idea of what is possible).

   Cheers!

3. entrepreneur04 on February 22nd, 2009 4:14 pm

   I think that since the market in realestate is dropping and there are forclosures every where you look picking up a few multiunit properties is the way to go, realestate is slow and theres tons of bargains out there. just get your self a good property manager and sit back and collect. Then if you ever don’t want the properties you can sell them and chances are in the future prices will rise again (what goes down must go up) If you want i can give you more information .

4. Donald B on February 25th, 2009 12:16 am

   Your first option should be to fund fully a retirement account. If you do this, and you have extra cash, then one of the best things you can do is open a DRIP Plan.

   Go to : low-cost-stock-recommendations

   .com

   Click on the “DRIP’s” Button on the Navigation Bar

   These powerful investment plans are seldom talked about because brokers make very little money when they suggest them. Yet, they have proven to be one of the best, if not the best, long-term strategy on Wall Street.

   They are perfect for small investors, as well as big investors. They are safe and allow you to not care about whether the market is going up or down. They are a must for any serious investor.

   If you decide you are interested in DRIP Plans, click on the advertisement on the same page “$4 to purchase stocks”. This will answer your next question, which is, How do I get started? and what is the least expensive way to get started?

   I strongly recommend looking into it. They are great plans.

   Good Luck

5. PupKing on February 27th, 2009 6:31 am

   Hello,
   There are better ways to invest your money.
   I have invested in my friend’s business and now I am getting guaranteed 40% annual interest. You may email me for more information (check my profile).
   Don’t invest in stocks. It’s too risky.

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6. simmy on March 2nd, 2009 2:18 pm

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