You should not give your hard-earned money to a total stranger in hopes of making passive residual income.
Money Managers Get Paid Whether You Win or Lose!
First of All Investment brokers get paid their salary whether you make money or lose money. Mutual Fund Managers ALSO get paid whether you make money or lose money. If you don’t believe me, read up on all the crazy bonuses these financial companies were paying their top-level guys as the economy declined.
Try to understand financial institutions are in the business to make money, not to help you. A lot of financial companies also have incentives to buy or recommend certain companies that may not be right for you. Companies give brokers financial incentives to recommend their stock, this is a known fact.
You Have Other Options
There are A Lot of “different” investment options available to you. You don’t have to invest in the stock market. Take some time to do some research on the various strategies available to you and then pick one or two and move forward. As you get good in those you can pick some others.
I personally suggest you look into passive residual income strategies so that you can have time to still pursue your dreams. Most people dream of starting their own company and usually end up being more stressed when compared to having a full-time job. Making money with passive residual income strategies is one of the best ways to really achieve financial independence.
If you don’t know what passive residual income strategies are, they are strategies earn income on a regular basis, with little effort required to maintain them.
For example making money online is a popular passive residual income strategy right now and it does not cost a lot to get started. Some people make as much as $40,000 per month and all it cost them was a few dollars (less than $100) to get started with their webpage. I currently make money online.
Trading options and futures is also a great way to make easy money as an alternative to buying stocks straight out. The market can ONLY go up, down, or stay flat. There are options strategies that allow you to make money no matter what the market is doing. I make 10-20% per month with options strategies.
If you are really set on launching your investment career in the stock market, try paper trading until you get good enough to invest your own money. Paper trading is where you make and track trades but you don’t actually spend your own money. optionsXpress is a great online broker that gives you a free virtual trade account to play with. They will track your results for you and let you know how you are doing.
Buying books OR finding the information online is a GREAT start to educating yourself.
Don’t put your financial future in the hands of a total stranger. Brokers will charge you fees and make biased decisions with your money. Brokers were the ones telling people to keep buying as the stock market was tanking.