Using signup bonuses

[Anonymous]

Does anyone use signup bonuses to learn how to invest in stocks, bonds, etc? I kind of want to do it, but it's kind of intimidating not knowing anything about stocks, bonds, etc...

[Luscher]

READ A LOT before investing. There is a ton of information on the internet for beginners. But sure, using your free money earned to invest is probably a good idea. I never thought of that.

[Anonymous]

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@Luscher wrote:
READ A LOT before investing. There is a ton of information on the internet for beginners. But sure, using your free money earned to invest is probably a good idea. I never thought of that.

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Do you invest in anything, Luscher?

[dollar_bill]

The Fidelity Amex will dump rewards right into your brokerage account.

I'll second the advice given on investing... read a lot but i'd feel safe if you picked a few blue chip stocks that have nice dividends to start with. Just don't go out and dive into options or a margin account.  Stay away from anything you haven't heard of until you learn how to navigate the market lingo and understand what's going on. Start a nice watchlist of companies you use or like, and just watch the stock price flucuate. Read the news. Turn on CNBC, read the Wall Street Journal a little. It does not take long to acquire knowledge.

[Luscher]

I do, I don't like giving advice because you never know how the market will do so I don't want to feel bad if you lose all your money lol.

But, I mostly invest in actively managed Mutual Funds and ETF's which is pretty easy. I do have stock in specific companies too but it is up to you to decide what company you think will be more profitable in the future.

[mongstradamus]

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@Luscher wrote:
I do, I don't like giving advice because you never know how the market will do so I don't want to feel bad if you lose all your money lol.

But, I mostly invest in actively managed Mutual Funds and ETF's which is pretty easy. I do have stock in specific companies too but it is up to you to decide what company you think will be more profitable in the future.

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If you are going to invest in an tax effecient account say like 401k or IRA and you are a beginner i would put it in TR fund of some kind till you know what you are doing then you can decide if you want to swtich out of it. An indexed TR fund i think is an pretty good fit for most people though. Its cheap and gives you an lot of diversifcation. But i agree i don't like giving out financial or money advice 

[Anonymous]

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@dollar_bill wrote:

The Fidelity Amex will dump rewards right into your brokerage account.

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Only if you so choose.  It can also go into a Cash Management Account which is just like a free checking account

[Anonymous]

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@mongstradamus wrote:

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@Luscher wrote:
I do, I don't like giving advice because you never know how the market will do so I don't want to feel bad if you lose all your money lol.

But, I mostly invest in actively managed Mutual Funds and ETF's which is pretty easy. I do have stock in specific companies too but it is up to you to decide what company you think will be more profitable in the future.

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If you are going to invest in an tax effecient account say like 401k or IRA and you are a beginner i would put it in TR fund of some kind till you know what you are doing then you can decide if you want to swtich out of it. An indexed TR fund i think is an pretty good fit for most people though. Its cheap and gives you an lot of diversifcation. But i agree i don't like giving out financial or money advice 

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Well, normally I don't, give advice eitehr  but I've heard from really reliable sources that LongTimeLurker Inc shares are going to more than triple in valuein the next 60 days!  They are not generally available, but if you send a bank check to me (minimum $20K please) you can get in on the ground floor!  (Insert standard disclaimer as non-FDIC insured, prices can go up and down and you will, I mean may lose your investment)

[nightglider]

The best advice I can give you on investing is to read the following books: The Intelligent Investor, One up on Wall Street, and Beating the Street.

The first was written by Benjamin Graham ("the father of Value Investing") on truly understanding what it is you're buying and how much you should pay for it. He was one of Warren Buffett's mentors and Mr. Buffett highly endorses this book.

The other two were written by Peter Lynch. He is another one of those following Graham's school of thought, and has the best record of gains as a mutual fund manager while he was managing the Magellan fund for Fidelity.

[Anonymous]

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@nightglider wrote:

The best advice I can give you on investing is to read the following books: The Intelligent Investor, One up on Wall Street, and Beating the Street.

The first was written by Benjamin Graham ("the father of Value Investing") on truly understanding what it is you're buying and how much you should pay for it. He was one of Warren Buffett's mentors and Mr. Buffett highly endorses this book.

The other two were written by Peter Lynch. He is another one of those following Graham's school of thought, and has the best record of gains as a mutual fund manager while he was managing the Magellan fund for Fidelity.

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Thanks for all the recommendations so far! Are there any websites that offer investing knowledge as well? Please PM me if those links are publically allowed. Thanks!