Anavex Life Sciences Corp (AVXL)

[Gator328]

1. Don't believe any "get rich quick" schemes or stocks. Every so often its possible to hit a home run but in your situation, slow growth is the fastest path toward accumulating wealth through investing. Here are some basic tips that apply to all ages and situations:

Buy quality stocks that have a history of paying dividends, and reinvest those dividends.

You don't need to own 20 or 30 stocks, just one or two of the best companies in 5 different sectors that aren't highly correlated that pay dividends.

50% US stocks
10% Metals
10% Bonds
15% Cash
15% High risk / high reward companies like Anavex.

This is a fairly conservative portfolio but if your high risk stocks are winners, can still generate wealth fairly quickly. If you're not comfortable investing in bonds, you can always diversify with international stocks instead.

Good luck!