This can be an endless process, especially since the market is in a down spiral. I just wish I could get my foot in the door before it’s too late.
How do I start investing? There is a lot of advice floating around out there, but I am not yet a big fan of it. For a start make sure you are confident in your knowledge before trying to make money. A lot of people have been burned by going without advice, so take the advice in good faith, but it really depends. You can always get an opinion from a mutual fund, a fund manager, a banker, or a financial advisor. I also think it is worth checking out what a mutual fund and bank’s investment rules say when you’re younger (I’m 23 – I might be more of a young adult than you are). If they allow you to buy stocks and other shares you should definitely consider doing this. Investing should be fun, but most people I know have found it stressful. There are a lot of opportunities out there to make money.
What will I get paid for buying my first stock? Investing is definitely a hard job. That’s why I get an hourly payment when I’m trading, and all the other companies pay me commissions and bonuses. You can also make a decent income from investing on the side, so you just have to be brave. That’s what makes me really want to help others, so I created this website where I offer help, advice, and share my own life stories, so you’ll have a lot to contribute.
What’s happening to the stock market right now? I’m not sure what has happened in the past year or two. I’m convinced that the market is heading for a great bull run – at least till the Fed hikes rates in June. After that stock market will likely take a hit. In the meantime there are a lot of speculators and hedge funds running at a profit. The big change has been the fact that the Fed has kept the interest rate low, so that the prices of stocks tend to be higher. This is good for the traders and speculators since they get lots of extra cash. Unfortunately this is also good for everybody, which makes the market volatile for everyone if the Fed starts raising rates, causing the markets to go up and down. In the meantime there are a lot of opportunities to sell these stocks. As markets come under pressure for fear of a hike or other events many of the speculators and hedge funds are betting on the market
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