how to start investing?

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wickedDUDE said:
which bank offers this and are saving insured? thanks.
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Actually, looks like most banks have a rate of 7%, but I'm getting 8%+ on promos for shifting new money to the account between a certain date.

Here's the savings accounts running promos at 8%+:
ING DIRECT Australia - Home loans, high interest savings, term deposits and business banking.
dragondirect -

Here's some savings accounts with big Aussie banks at 7%:
NAB - NAB iSaver
Commonwealth Bank Group - Personal - Accounts NetBank Saver Summary page
ANZ Progress Saver - Savings Account


Term deposits are running at 8% though, if the promos are too much hassle.
 


$1000 - $5000 starting out a good place. Agreed that Vanguard is good and also look at Fidelity if you aren’t into watching your stocks daily/hourly.

I just moved some funds around. ..most funds are still on the decline and I feel will be for a while. What I found is that gold and precious metals are going for about 40% returns – risky!! Precious metals should be about 5% of your portfolio; however if you are a risk taker --- something to consider for more. Always diversify just in case.

Take advice on your own responsibility…but you asked.
 
read Benjamin Graham's 'The Intelligent Investor' if you follow it's advice then you will be one. having the discipline to follow the strategy is what makes a good investor, and is harder than it sounds - we all want to buy at the bottom and sell at the top, but would you try and catch a falling knife? Market timing is dangerous. Never buy any load funds or funds with high annual fees - that is just an extra hurdle. I use the cheapest online broker to minimize transaction costs and buy ETF's exclusively - the only individual stock i own is Berkshie Hathaway and that is more like a fund.
 
Go open a Scottrade account and put your money in there. It is very easy to purchase CD's, corporate paper, and stocks. Visit yahoo finance and make your own trades. Dont buy into tips or hype. You have to have a lot of patience to invest. Dont jump ship and stick to your guns. If you think your going to hit it big, go for it. You will learn from your mistakes.
 
I agree with katoved about looking for regional options. You can get a good return and keep your money in with an outfit that will put it to use in your community. There's a bank out of Chicago that I use called ShoreBbank. The high interest online savings is on the new side, but the bank has been around for 35 years. I read about them on getrichslowly.org when I was looking for the same advice. (check that blog out too btw) They have a great track record of community building and funding sustainable technology. Your money will be doing something while you earn interest, it might as well be doing something good you know?
 
Haven't read through the thread, but in case you are looking for free stock trades (up to 10 a month I think) check out zecco.com

No affiliation with them, but I've been with them for quite a while and they've been perfect thus far.
 
Zecco and Scottrade are both really good companies in terms of offerings and price for trading. I'd look at one of those as a brokerage as opposed to your local bank.
 
Goldpoll.com is a site that rates High Yield Investment Programs. This site is respected in the high risk investment community.
 
What kind of investment you are currently looking for, If you are new to investment, you can better visit the following site money.tips.net/TNM010_Investments.html.
 
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