One tried and true method of building wealth is to invest in stocks. Simply put, stocks are ownership units in corporations. Since the 1700s, stocks have a long history of being an important part of financial innovation and they remain important aspects of building wealth today. There are a variety of ways to invest in stocks. You can purchase them directly, through a mutual fund or through an exchange traded fund (ETF).
A number of postings are available for your pleasure:
Thoughts on criteria for selecting a stock.
Using mutual funds to pick stocks.
There is some controversy regarding the number of stocks one should own, as well as some drawbacks of traditional mutual fund strategies, here and here, some of the nastier business practices associated with selling and advertising securities.
We’ve got some details on a number of stocks, including Exxon Mobil, Hansens Natural, Netflix and Cisco Systems, Umpqua Bank, the Southern Copper Corporation and Provident Energy Trust, as well as a number of other income producing issues.
There is also a discussion of traditional buy and hold strategies, thoughts on age and asset allocation and the benefits of diversification,
We also discuss ways to get into stocks even if you only have a couple of hundred dollars.
Even though we have made some BIG mistakes in stocks these investments are an important part of wealth building. Regardless of your age, you should strongly consider owning some
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