vania-janet/multiturn-rag-retrieval-data huggingface dataset:
"Shares are for investors. Most of the rich are investors. Unfortunately, the reverse is not true. But if you want to get rich, the first step is to become an investor. (The second is to become a SUCCESSFUL investor. 50 pounds might be too little. Try to start with at least 500 at a time. You can ADD amounts of 50 pounds. There are definitely fees involved. You will ""pay for lessons."" But it will be worth it, if you become even a moderately successful investor. As for rules, they'll teach you the rules. Everyone wants your business. People have gotten (modestly) rich, buying shares here and there. One man told me of investing $600 in a company called Limited, and ending up with $12,000 some years later. BRIC is not a ""share."" It is an acronym for four countries ""of the future."" High risk, high reward here."
Before you decide on moving into trading, whether you have experience or not, you need to sort out a couple of questions. How much do you really understand about the markets ?  How much money you have and what would be the maximum loss you may be able to take ?  What supporting Eco-system you have to help you in terms of trading i.e. hardware, software, research, connections who can provide you with solid information and sorts of it ? Are you really prepared to take on institutions who have billions to spend and take losses i.e. amounts which might break you will be peanuts for them ? I am assuming you are in US, so this website  may help you a bit, trading websites where you can open an account.  Even if you reply in affirmative to the above questions, you should still be wary about making money by trading. It is a field where even the best people have been smacked in the face without any mercy. And above all don't expect any person will take mercy on your hard earned cash. They will take you to the cleaners if they have to. There are some websites which allow you to participate in trading, not involving real money. Try that out and see where you get to ? That should give you some pointers on where you are headed.  And realize that it is human nature to assume, when you hear news that such and such trader make loads of money in such and such trades, trading is easy, unless you do it for yourself. The truth is such traders would be on their desk for 18-20 hours at a stretch, 6-7 days a week, without a life to make such money. And they have loads of support staff i.e. analysts, IT guys who makes it easier for them. Do you have such help ? If no, then look the other side.  But giving up without trying at all will be cowardly, but do it in limits which you can bear and not to get carried away when things are good.
Investments earn income relative to the principal amounts invested. If you do not have much to invest, then the only way to 'get rich' by investing is to take gambles. And those gambles are more likely to fail than succeed. The simplest way for someone without a high amount of 'capital' [funds available to invest] to build wealth, is to work more, and invest in yourself. Go to school, but only for proven career paths. Take self-study courses. Learn and expand your career opportunities.  Only once you are stable financially, have minimal debt [or, understand and respect the debt you plan to pay down slowly, which some people choose to do with school and house debt], and are able to begin contributing regularly to investment plans, can you put your financial focus on investing. Until then, any investment gains would pale in comparison to gains from building your career.
Too little information to give any kind of advice. What is your age, goals, other monies, other investments etc... You need to look at the whole thing. Are you investing already in tax-deferred IRA. Spend the time to learn to be your own investment advisor. Many investment professionals may disagree with me on this, but since you can't trust many of them better you do your own research first. Same with Stocks or ETF, you try to be the expert. Better you have the time to follow your own investments ideas, do not depend on a human or robot to tell you when to buy or sell. Their job is to part you from your money. If you do not have the time to this yourself, save yourself the money, and just do something else with it. I have been investing in the Stock Market since 1986, I have made more money than I lost. Good runs and bad. Today it is all about trading, you can not trust the financials given by anyone, or know what is going to happen in the markets in general. So unless you want to play the game every day, don't be in it.
"How on earth can you possibly know what is going on in individual company X?  The sole exception is if it is your own company. The stock markets of the world are in fact a nest of sharks.  The big sharks essentially make money out of the little sharks.  Some little sharks manage not to be eaten, and grow bigger.  Good luck with that. ""Insider trading"" is, when found out, a crime these days.  But ""insider knowledge"", ""insider hints"", ""knowledge of market sentiment"" and indeed just rumours about a given company are the kinds of things you won't particularly get to hear of in the fog of disinformation, and don't particularly want to waste your time with for a very uncertain loss or gain at the end of the year. The thing I find annoying about mutual funds is that they can be very stupid, and I speculate that it may be the consequence of the marketing on the one hand, and the commission structure on the other.  I started cashing in my funds in late 2007, following the collapse of Northern Rock here in the UK.  The ""2008"" crisis was in fact the slowest economic car crash in history. But very very few mutual funds saw, or seemed to see, the way the wind was blowing, and switch massively to cash. If the punters had the courage to hang on, of course, mostly stocks bounced back in 2009 and 2010.  Moral: remember you can cash your stuff in any time you want."
There's no limitation on what you can invest in, including trading stocks (as long as trading is not a business activity, like day-trading or investing for others). You just need to make sure you have a tax ID (either ITIN or SSN) and pay taxes on all the gains and dividends. Also, consider your home country tax laws, since you're still tax resident in your home country (most likely).
First, check out some of the answers on this question: Oversimplify it for me: the correct order of investing When you have determined that you are ready to invest for retirement, there are two things you need to consider: the investment and the account.  These are separate items. The investment is what makes your money grow. The type of account provides tax advantages (and restrictions).  Generally, these can be considered separately; for the most part, you can do any type of investment in any account. Briefly, here is an overview of some of the main options: In your situation, the Roth IRA is what I would recommend. This grows tax free, and if you need the funds for some reason, you can get out what you put in without penalty. You can invest up to $5500 in your Roth IRA each year. In addition to the above reasons, which are true for anybody, a Roth IRA would be especially beneficial for you for three reasons: For someone that is closer in age to retirement and in a higher tax bracket now, a Roth IRA is less attractive than it is for you. Inside your Roth IRA, there are lots of choices. You can invest in stocks, bonds, mutual funds (which are simply collections of stocks and bonds), bank accounts, precious metals, and many other things. Discussing all of these investments in one answer is too broad, but my recommendation is this: If you are investing for retirement, you should be investing in the stock market. However, picking individual stocks is too risky; you need to be diversified in a lot of stocks. Stock mutual funds are a great way to invest in the stock market.  There are lots of different types of stock mutual funds with different strategies and expenses associated with them. Managed funds actively buy and sell different stocks inside them, but have high expenses to pay the managers. Index funds buy and hold a list of stocks, and have very low expenses. The conventional wisdom is that, in general, index funds perform better than managed funds when you take the expenses into account.  I hope this overview and these recommendations were helpful. If you have any specific questions about any of these types of accounts or investments, feel free to ask another question.
For most people, investing in the stock market directly is one of the last things to do.  That's not to say you shouldn't, but rather that there are other things to consider as well. Start with automatic monthly deposits to a liquid account such as savings or money market. The morale boost you get from seeing the balance grow is nearly impossible to beat. Following that, paying down any debts such as student loans or credit cards. Once you've done that, then you should look at company sponsored 401k plans or IRAs. Sharebuilder offers IRAs holding whichever stock or fund you pick. Again, automatic monthly deposits are the way to go here. Good luck, and happy investing :)
You should check out existing resources like Investopedia for definitions, and ask questions if there is something you do not understand, instead of asking folks to spit out definitions. A good book for you to read might be Wall Street Words
I also have a doctorate, and I am an incredible researcher. I am professionally qualified in three different disciplines. If you want to learn how to do this, start with the ""Intelligent Investor."" Get a basic book on accounting and learn basic accounting. Pick up economics textbooks at least through ""Intermediate"" for both microeconomics and macroeconomics. Get William Bolstad's book ""Introduction to Bayesian Statistics."" You will need them for reasons that go very far beyond this post. Trust me; you want to master that book. Find a statistician and ask them to teach it to you as a special topics course. It will help you as both either a Marine officer or a Naval officer. Then after that pick up a copy of ""Security Analysis."" Either the 1943 copy (yes it is in print) by Benjamin Graham if you feel good about accounting, or the 1987 copy by Cottle under the Graham/Dodd imprimatur. Then, if you are still interested in cryptocurrencies and they will be blasé by then, then pick up an economics textbook on money. If I were you, I would learn about Yap money, commodity money, and prison money first, then you might understand why a cryptocurrency may not be an investment for you."
Point being, use your judgment to evaluate anything you read about investing. If it sounds too good to be true, it probably is. If someone purports to have some strategy for guaranteed (steady) returns, be very suspicious of it. (Read up on the Bernard Madoff scandal.) If someone is putting on a heavy sales pitch, be weary. Be especially suspicious of anyone asking you to pay for their advice before giving you any solid understanding of their strategy. Sure, many people want to get paid for their advice in some way (in fact, I am getting ""paid"" with reputation on this site). However, if they take the sketchy approach of a slimy salesmen, they are likely making more money from selling their strategy, than they are from the advice itself. Most likely, if they were getting outsized returns from their strategy they would keep quiet about it and continue using it themselves. As stated before, the more people pile onto a strategy, the smaller the returns. The typical model for selling is to make money from the sale. When the item being sold is an intangible good, your risk as a buyer increases. You may wonder why I have written at length without much discussion of asset allocation. One reason is that I am still a relative neophyte and have a mostly high level understanding of the various strategies. While I feel confident enough in my understanding for my own purposes, I do not necessarily feel confident creating an asset allocation strategy for someone else. The more important reason is that this is a subjective matter with a lot of variables to consider. If you want a quick and simple answer, I am afraid you will be disappointed. The best approach is to educate yourself and make these decisions for yourself. Hence, my attempt to educate you as best as I can at this point in time. Personally, I suggest you do what I did. Start reading the Wall Street Journal every day. (An acceptable substitute may be the business section of the New York Times.) At first you will be overwhelmed with information, but in the long run it will pay off. Another good piece of advice is to be patient and not rush into investing.
I've been starting to invest in real estate myself, and [this site](http://www.biggerpockets.com/forums/categories) has been incredibly helpful. It was started by a professional real estate investor who wanted to create a community for helping investors of all types and experience levels. You can learn a lot just by reading the various posts, but I highly recommend creating an account and introducing yourself to the community. There are many members with a lot of experience who are happy to help newbies.
I don't want to get into any specific strategies because I'm not in the business of making investment recommendations, and I don't want to start. Furthermore, I don't think explicit investment recommendations are welcome here (unless it's describing why something is a bad idea), and I agree with that policy. I will make a couple of points, however. Understand your goals. Are you investing for retirement or a shorter horizon, e.g. some side income? You seem to know this already, but I include it for future readers. If a strategy seems too good to be true, it probably is. Educate yourself before designing a strategy. Research fundamental analysis, different types of orders (e.g., so you fully understand that you don't have control over when limit orders are executed), different sectors of the market if that's where your interests lie, etc. Personally, I find some sectors fascinating, so researching them thoroughly allows me to make informed investment decisions as well as learn about something that interests me. Understand your limits. How much money are you willing to risk and possibly lose? Do you have a risk management strategy in place to prevent unexpected losses? What are the costs of the risk management itself? Backtest, backtest, backtest. Ideally your backtesting and simulating should be identical to actual market conditions and incorporate all transaction costs and a wide range of historical data. Get other opinions. Evaluate those opinions with the same critical eye as I and others have evaluated your proposed strategy."
"It's a good question, but it turns into a general 'how to invest' question.  You see, the cliche of ""invest the difference"" simply point to the ripoff the other two answers discuss. And it doesn't specify how to invest, only that this money should be put to work as long term investments.  The best answer is to find the asset allocation appropriate for your age and risk profile. It can be as simple as a low cost S&P ETF, or as complex at a dozen assets that include Stocks, both Domestic and Foreign, REITs, Commodities, etc. It's not as if the saved funds get segregated in a special account just for this purpose, although I suppose one can do this just as others have separate funds for retirement, emergency, vacation, college, etc."
https://www.google.ca/amp/s/amp.businessinsider.com/most-important-finance-books-2017-1  Bloomberg, finacial times, chat with traders, calculated risk, reuters, wsj, cnbc(sucks), bnn (if canadian)  Audio books on youtube helped me read a lot of finance books in a short amount of time, listen while working out.  One thing that helped me stand out at my student terms (4th year here) was learning outside of the classroom and joining an investment club. Learning programming can help if thats a strength, but its really not needed and  it can waste time if yoi wont reach a point to build tools.  Other than that at 18 you have more direction than i did, good luck!
If he asked you to invest his money with certain objectives which resulted in you buying specific stocks for him with his money, then sell all the stocks which you bought with his money and the capital and profits to him. You may want to calculate the trading fees that you incurred while buying these specific stocks and taxes from the sale of these stocks, withholding them to over the trading fees that you have already paid and the taxes that you might still need to pay. If you traded with his money no different than yours, then I would think of your investment account as a black box. Calculate the initial money that you both invested at the time you added his capital to the account, calculate how much it all is currently worth, then liquidate and return a percentage equal to that of his initial investment. You can account for trading fees and taxes, subtracting by the same percentage.
"Maybe a bit off topic, but I suggest reading ""Rich Dad Poor Dad"" by Robert Kiyosaki. An investment is something that puts money to your pocket. If your properties don't put money to your pocket (and this seems to be the case), then they're not an investment. Instead, they drain money from you pocket. Therefore you should instead turn these ""investments"" into real investments. Make everything to earn some money using them, not to earn money somewhere else to cover the loses they create. If that's not possible, get rid of them and find something that ""puts money into your pocket""."
Do you just sit tight and stop trading until one of them hits your X% target (in which case you start to look a little bit more like a long-term investor after all), or are you tempted to change your strategy as the months and years roll by? If you will eventually sell things at a loss to make cash available for new trades, then you cannot assess your strategy ""as if"" you always make an X% gain, since that isn't true. If you don't ever sell at a loss, then you'll inevitably sometimes have no cash to trade with through picking losers. The big practical question then is when that state of affairs persists, for how long, and whether it's in force when you want to spend the money on something other than investing. So sure, if you used a short-term time machine to know in advance which volatile stocks are the good ones today, then it would be more profitable to day-trade those than it would be to invest for the long term. Investing on the assumption that you'll only pick short-term winners is basically the same as assuming you have that time machine ;-) There are various strategies for analysing the market and trying to find ways to more modestly do what market makers do, which is to take profit from the inherent volatility of the market. The simple strategy you describe isn't complete and cannot be assessed since you don't say how to decide what to buy, but the selling strategy ""sell as soon as I've made X% but not otherwise"" can certainly be improved. If you're keen you can test a give strategy for yourself using historical share price data (or current share price data: run an imaginary account and see how you're doing in 12 months). When using historical data you have to be realistic about how you'd choose what stocks to buy each day, or else you're just cheating at solitaire. When using current data you have to beware that there might not be a major market slump in the next 12 months, in which case you won't know how your strategy performs under conditions that it inevitably will meet eventually if you run it for real.
Most ETFs are index funds, meaning you get built in diversification so that any one stock going down won't hurt the overall performance much. You can also get essentially the same index funds by directly purchasing them from the mutual fund company. To buy an ETF you need a brokerage account and have to pay a transaction fee. Buying only $1000 at a time the broker transaction fee will eat too much of your money. You want to keep such fees way down below 0.1%. Pay attention to transaction fees and fund expense ratios.  Or buy an equivalent index fund directly from the mutual fund company. This generally costs nothing in transaction fees if you have at least the minimum account value built up. If you buy every month or two you are dollar cost averaging, no matter what kind of account you are using. Keep doing that, even if the market values are going down. (Especially if the market values are going down!)  If you can keep doing this then forget about certificates of deposit. At current rates you cannot build wealth with CDs.
"First of all, never is too late to develop good habits. So, you know what you want to do and you are going about the how now... First, you should pay off any consumer debt except from mortgage which should be planned for. Prioritize your consumer debt (credit cards, consumer loans, etc) according to the interest rates, starting with the one with the highest interest and going to the one with the lowest one. Because you should make quite the investments to pay off this interest debt and still make a profit. Second, you should start saving some money. The 10% rule of thumb is a good one and for starters having aside the money you need to get by for at least 3 months is quite okay. As they say, cash is king. Now, that you actually realize the amount you can spare each month to start investing (assuming you had to do something of the aforementioned) it's time to see the risk you are comfortable taking. Different risk-taking views lead to different investing routes. So, assuming once again that you are risk averse (having a newborn baby and all) and that you want something more than just a savings account, you can start looking for things that don't require much attention (even more so if you are going on you own about it) such as low risk mutual funds, ETF (Exchange Traded Funds) and index funds to track indexes like FTSE and S&P500 (you could get an average annual return of 10-12%, just google ""top safe etfs"" for example and you could take a quick look at credible sites like forbes etc). Also, you can take a look at fixed income options such as government bonds. Last but not least, you can always get your pick at some value companies stocks (usually big companies that have proven track record, check warren buffet on this). You should look for stocks that pay dividends since you are in for the long run and not just to make a quick buck.  I hope I helped a bit and as always be cautious about investing since they have some inherent risks. If you don't feel comfortable with making your own investment choices you should contact a specialist like a financial planner or advisor. No matter what the case may be on this, you should still educate yourself on this... just to get a grasp on this."