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Investments?

My dad says that he will give me $10,000 what are some of the best companys to invest in so in about 10 years or so i will have good shares i have done alot of looking on the internet but i keep finding diffrent stocks. Also where is a good sourse to vist for more information. Thanks

Public Comments

1. I am not going to list stocks for you. Don't take tips on the internet. You have no idea who you are taking advice from. I will give you some good websites, though. www.bloomberg.com, Yahoo Finance, IBD-Investors Business Daily, www.thestreet.com. There are some great books available for free from the library. Also, ask your Dad for his advice. Maybe he has a broker you can talk to. There are also Drips-direct investment plans w/out a broker. So, get on the internet, read up on it, and then paper trade. That means trading w/o real money. You have to learn what your tolerance for risk is. And good luck to you! p.s.- one book that I like a lot is Trade Your Way To Wealth, by Bill Kraft. You can buy it on Amazon.com. Learn what you have to do to control risk before you put your $10K to work.
2. Go visit Edward Jones, they are a well respected broker and will keep you out of trouble. You lack the basic skills to be successful, from what you have said, but getting the skills is not that hard. Until then, let a professional help you. Read: The Intelligent Investor, by Benjamin Graham Security Analysis by Cottle Possibly a managerial accounting textbook meant for MBA students. Join www.marketocracy.com. It is a simulation that pays the top 100 investors each quarter. However, top 100 has to do with repeatable performance, they don't pay people who happen to get lucky. You must be persistantly good. It will give you a simulated one million dollars to learn your skills and they provide nice metrics on how you are really doing and a message board only the top investors to can post to so you can see how the best think.
3. First off, please research any advice you get from this forum. Some people, in my opinion give some shoddy advice. Just ask your father before making a decision. He has your best interest at heart. May I suggest investing in a DRIP plan. They are seldom talked about because brokers make very little money when they suggest them. Yet, they have proven to be one of the best, if not the best, long-term strategy on Wall Street. The best part is you get solid annual returns from well-known, safe Blue Chip companies like: McDonalds, General Electric, Pfizer, Walmart, US Bancorp.......etc........ They are perfect for small investors, as well as big investors. They are safe and allow you to not care about whether the market is going up or down.
4. Educate yourself about investing. "Investing For Dummies" is a great starter book.
5. People on the internet will give you a hundred and one different answers. Its important you understand the fundementals of investing, and the risks involved. A great book to read up on is "The Warren Buffett Way,: Investment Strategies of the World's Greatest Investor " This guy knows what he is talking about. One general advice I can give you is to spread your investment over different companies to spread the risk. Good luck!
6. I personally would invest through a DRIP plan, if you plan on keeping it over 10 years. You can purchase General Electric, Pfizer, Merck, Kimberly-Clarke,.....etc.... They are inexpensive to start.
7. I had the same problem as you have. I had a good amount of money, but didn't knew where to invest it. So I looked around for something that gave me a great return towards a low risk. And the only thing I could find was a mannaged account. Here you can follow up my results of every day: http://my-robottrader.blogspot.com/... I'm verry excited because I already have 50% ROI in Two months time. My moneymannager is giving me great support, and answer all of my questions almost immediatly. Annyway feel free to contact me (adress on my blog) and I'll bring you in direct contact with my money mannager.
8. Here are your best answer http://www.best-seek.com