I'm 44 trying to learn and get started investing?

Question

I'm 44 have a unique situation and need help investing. My wife and I have a child that is disabled with a life threatening disease "which she is not able to work" and we are trying to live on my income alone "VERY HARD!" especially with gas prices. Please try to lead me in direction I need to go in education, on-line, broker, financial planner what ever give it to me from start to finish thanks. Here is my daughters web site if you know anyone that can do fund raisers, endowment funds, looking for a great place to donate for a great cause www.mckenziecarey.com. That was just extra because our baby really need alot of help with treatment to have any sort of normal life or a life period. Please show me the way in investments, or if you know of any real way my wife can make some money at home to help out in our delicate situation Thanks everyone sooo much for taking the time to read this long message

Answer 1

I don't believe your story.

Answer 2

Hi,

for first you should read this financial ABC portal http://www.investopedia.com/university/

and once you have done this go to the www.stocbrokersnet.com

where you can compare brokers by fees, by countries, by markets etc.

good luck.

Answer 3

1st you need to put away 1000. This will be a fall back if there is an emergency. ICE CREAM IS NOT AN EMERGENCY!

2nd. STOP using the credit cards and pay off all creditcard, and car debts.

3rd. Save up for 3 months of expenses. THis will be easier without a car payment or credit card payments

4th. begin investing with moneymarket, CSI funds

(60% - C - SNP Fortune 500 companies,

20% - S - Sm. business,

20% - I - International) This is called diverisification. THis helps lower risk. Look up DAVE RAMSEY.

Answer 4

be careful of brokers they are salesmen that have products to sell , but stocks that have good dividens which yeild better than savings and Cds , deal with companies that you know , like my electric company is Progress energy ticker symbol PGN , has an annual yeild of over 5% , you can use any of the online brokers ~ any other questions e mail me ?

Answer 5

You might try to grow your money by investing in an index fund, like standard & poor's 500.  YOu will learn how market ups and downs affect your investment. If you have a lot of time on your hands and don't put things off and can monitor your account everyday then you might want to take a chance on buying individual stocks.  Don't trust brokers, do your own research.  A relative of mine who trades started out doing research on "value-line "which does reports on major firms, and which you should be able to find at the library.