Where do I start investing, I am clueless?

Question

I seen a show on HGTV about a couple who had millions of dollars from a Yaht Chartering company, and had a 5million dollar budget for a house. Now yes i was jealous, because i know i can make it happen like that for my family, but I dont know where to start,...im extremly motivated, and ready for a challenge,........help, how do you make millions investing?,...do it happen overnight, or the long run?

Answer 1

There is no get rich quick method of investing money. Money grows with compounding and that happens overtime.

If you happen to find a niche that people enjoy and will buy products or services from (Yacht Charters) you will be very fortunate.

Remember the tortoise and the hare.

Answer 2

Nothing happens overnight except losing money. Wealth creation takes time. ...also please learn well before you burn your money. A good place would be to start reading investor forums like diehards.org.  

Answer 3

I recommend an online brokerage firm that has good beginner qualitys {like tutorials or an easy to understand set up}, i use zecco, better then schwab, etrade, etc. they are the only ones with free stock trades, no minumums..all the others will charge you fees for trading, but compare and see for yourself. Good luck and happy investing!

http://friends.zecco.com/r/a7a2877caab81...

Answer 4

That couple made their money by starting a business and were very successful. What you don't see is all the people that started a business and failed.

They didn't earn their money by "investing". They had a skill and ability and capitalized on it. That is different.

You want to find something you can do well that other people will want to pay for or buy.

Good Luck.