I will be happy to provide wiki space with wikimedia software (same as
wikipedia).

igor

On Mon, 8 May 2006 16:11:35 -0500, Tad Borek <borekfm[at]pacbell.net> wrote:
- quote -

anoop wrote:
- quote -

Well it's not up to date & was never completed but there was....
http://www.algebra.com/~mifp/faq.txt

Some MIFP regulars and moderator-types contributed to pieces on:
www.invest-faq.com

Maybe we should all gang up on Wikipedia and turn their personal finance
stuff into something usable, it's pretty hit or miss right now. The Wiki
format provides a mechanism for resolving the "controversial" issues, in
theory - though may wash out some of the more interesting (and useful)
points of view in the process. I haven't seen a good finance-specific
wiki but I imagine there are some out there?

-Tad

"anoop" <ghanwani[at]gmail.com> wrote
- quote -

Yes, though I also agree building a consensus is hard. But
even a MIFP site that is simply a list of reputable links to
beginning investing/money management would be a great,
time-saving service. (Likewise, I noticed much of
finance.yahoo's education center is a collection of links.)

Has this come up before here?

In the alternative, perhaps someone could start an
"unofficial FAQ for new investors" site, stating that much
of the input to it is from MIFP, but does not necessarily
represent all of MIFP's participants' viewpoints.

Elle wrote:

- quote -

Should the group try and create a FAQ? It seems like we get similar
questions all the time and we provide the same information over and
over. I admit it's hard to get a single "correct" viewpoint when it
comes
to investing, but perhaps the FAQ can focus on:
(a) listing the kinds of questions people should be asking when going
to into certain investments.
(b) pointers to useful tools on the web.

It's probably going to be some amount of work to put stuff like that
together and would require researching the archives, but we can
start small and update it over time.

Anyone else think this is a good idea?

Anoop

"tammy" <toflyofafemale1[at]aol.com> wrote
- quote -

Do you have any debt? (Student loans, car payments, etc.) If
so, what are the terms in years on them, and what are the
interest rates?

How much money do you have available to invest annually?
This will determine whether a stock mutual fund or a stock
exchange traded fund makes more sense.

Do you have income in the form of wages (as contrasted with
gifts from your parents, say)? If so, this would make you
eligible for investment in a Roth IRA, in which you can hold
stock mutual funds, among other things.

How are you financing the costs of college, anyway?

http://finance.yahoo.com/education/b...&%20Strategies
has an excellent selection of articles that give an overview
of investing. The most important message of them all is:
Diversify to minimize risk and maximize return. This also
known as "allocating one's investment assets."

For very quick exposure to the notion of asset allocation,
try any of the calculating tools linked at
http://home.earthlink.net/~elle_navorski/id4.html .

Don't let the vocablulary (like "small caps" and "value
stocks") throw you. Use the dictionary at
http://investopedia.com/dictionary/ often.

In article <1147033215.170539.189500[at]j33g2000cwa.googlegroups.com> ,
"tammy" <toflyofafemale1[at]aol.com> wrote:

- quote -

The best thing to put your money into is your education, and
making sure that you come out of school with little or no debt.
The best asset that most folks have is their lifetime earning
potential. You want to maximize that. Small things at this
point in your life can make far more difference than any stock
that you buy.

If you really do have extra money, check out ETF (exchange
traded funds) that match some major index. I'd suggest
something like Vipers or iShares.

-john-

--
================================================== ====================
John A. Weeks III 952-432-2708 john[at]johnweeks.com
Newave Communications http://www.johnweeks.com
================================================== ====================

On Sun, 7 May 2006 16:03:38 -0500, "tammy" <toflyofafemale1[at]aol.com> wrote:

- quote -

In addition to the books that joetaxpayer recommended, I will add
Thomas J. Stanley, "The Millionaire Next Door"
George S. Clason, "The Richest Man in Babylon"

and to learn about mutual funds, get "Mutual Funds for Dummies"
and any book by Jack Bogle i.e. "Common Sense on Mutual Funds"

Since mutual funds are easier than individual stocks, I would
recommend that you start with that first.

I know this seems like a lot of work, but it really isn't so bad
You don't have to read all these books all at once - you are
young and you have a lot of time ahead of you.

So for now, just put your money in the bank, educate yourself, and
soon it will become obvious to you what the "right investment" is for
you. You have to educate yourself and make your own decisions - asking
others to give you ideas will not work for you in the long run.

tammy wrote:

- quote -

Because you don't have much money and are just getting started, you
should take it slowly.
There are [too] many books out there on the stock market, with a select
few worth reading.

This is my list;

"The Only Investment Guide You'll Ever Need" by Andrew Tobias

"The Intelligent Investor" by Benjanmin Graham

"A Random Walk Down Wall Street" by Burton Malkiel

"One Up on Wall Street" by Peter Lynch

"Extraordinary Popular Delusions & the Madness of Crowds" by Charles MacKay

"Security Analysis" by Graham & Dodd

The first book isn't about the stock market, per se, but it will give
you good ideas for saving and investing.

The last book is heavy reading, most people pass on it.

Do you have any earned income? You should open a Roth IRA. Within the
Roth, buy an index fund with low expense ratio. You are likely in a low
tax bracket, the Roth IRA will not be taxed at withdrawal. In 40 years,
a $4000 investment may very well be worth as much (or more than) $80,000
(that's on my fingers math, 8%/yr over 40 years). When withdrawn, you'll
save tens of thousands in taxes. Now's a good tiome to take advantage of
this.

Just a few tidbits.
JOE

hello i am a college student and i am interested in the stock market. i
am wondering , becuase i am a college student and i dont have alot of
money what will be the best thing me to do. what will be the best thing
for me to put my money into and why ?