2006-06-19 07:42:43 · 4 answers · asked by tony 2 in Business & Finance ➔ Investing
The return on your "investment" is directly proportional to how much work you put into your "investment." Nobody has the magic answer. One good advisor this year probably isn't the best advisor next year.
Most people spend more time deciding on the color of their new car than they do in an investment or mutual fund or trading advisor.
You have to get specific on what you're trying to do, and you have to decide if you're going to Day Trade full time or let someone else do it. Are you wanting to try Technical Analysis, or are you a Fundamentals investor? What is your time frame? What is your risk level? How much money do you have to invest? All of these are limiting factors that will direct you into a specific type of trading or investing. It does no good for us to guess and wastes everyone's time. You probably won't get many answers from such a broad question. You have to do some work first.
If you wish to research the “Buy and Hold Strategy” vs. trading and market timeing further, or perhaps trade yourself, I recommend two book titles. One is called "Which Is Better, Buy-and-Hold or Market Timing?" The other is "Do You Have What It Takes to Be a Market Timer?" They will give you plenty to think about.
2006-06-19 09:08:29 · answer #1 · answered by dredude52 6 · 0⤊ 0⤋
If you just want to go and buy stock online you can go to scottrade.com to do this. Just follow their directions and you will be all set. make sure to read the fine print so you won't be surprised with all of the brokerage fees.
2006-06-19 16:10:11 · answer #2 · answered by Anonymous · 0⤊ 0⤋
Open a brokerage account.
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2006-06-26 03:51:38 · answer #3 · answered by Anonymous · 0⤊ 0⤋
Have a look here.
2006-06-19 14:46:54 · answer #4 · answered by Anonymous · 0⤊ 0⤋