Comments on: How To Start Investing | A Step By Step Investing Guide For New Investors

By: Active Vs. Passive Funds

Active Vs. Passive Funds — Tue, 15 Jun 2010 15:37:04 +0000

[...] investing can be intimidating for those who are learning to start investing. One of the many decisions new investors will need to make is deciding between actively managed [...]

By: Money Making Sense » Weekend Edition

Money Making Sense » Weekend Edition — Sat, 27 Feb 2010 04:19:33 +0000

[...] Money Help for Christians gives a good step by step plan for beginning investors. [...]

By: Ken

Ken — Sun, 21 Feb 2010 12:22:57 +0000

First step…you hit it on the head…educate yourself…you should never invest in something you don’t understand. Good post.
If someone doesn’t want to educate themselves, then a good financial advisor (ask for references, whom do your friends recommend) can know where to start. Good job.
.-= Ken´s last blog ..Weekend Linkage – Olympic Edition =-.

By: Ted

Ted — Sun, 21 Feb 2010 02:58:10 +0000

Thanks for the great step-by-step process. I am currently paying down debt, once free from debt, I am looking back at this post to start us up on the process. There are so many opportunities out there it can be overwhelming! .-= Ted´s last blog ..Boo to credit card companies =-.

By: FinancialBondage.org

FinancialBondage.org — Sat, 20 Feb 2010 00:17:12 +0000

Dave Ramsey recommends growth stock mutual funds. It’s all he uses or talks about. As you said, single stocks are a bad idea. Too risky.

By: Darren

Darren — Fri, 19 Feb 2010 18:00:41 +0000

I agree, the first step a person should take is to get educated about how certain investments work by reading good books on the topic.

The only time I don’t avoid single stocks are when there are promotions available, such as commission-free trades, or a worthwhile sign-up bonus. Even then, I only put in a small amount of money so that I don’t put my entire portfolio at risk. Like you, the rest of my money is in mutual funds.

I do think some people can time the market and beat its returns if they get educated enough, but very few people, myself included, have the time or energy to do this. As you said, a simple approach can be a good approach for many people.
.-= Darren´s last blog ..Want An Automatic Raise? Contribute To Your 401K! =-.