2006-06-26 04:05:07 · 4 answers · asked by Salad Fingers 1 in Business & Finance ➔ Investing
I would recommend www.sharebuilder.com for the neophyte investor. This is a great program that allows you to invest smaller amounts and buy percentages of shares so that you don't have to go whole hog and invest several thousand dollars at once. It is also a great way to save money each month.
As for what to invest in, you'll need to do some research and come up with those answers for yourself. A lot of it will have to do with your "risk" level (the amount you're willing to take on). I tend to be a safer invester, so I go for "safer" stocks, such as those on the S&P 500 (PG, GE, J&J, etc).
My father was a "pro" investor and he passed along two pieces of info:
1) Only invest in companies that actually DO something or make something. If you aren't sure what the company does, don't invest. For example, he was going to invest in ENRON but couldn't figure out what they did, so he shied away from it (thank goodness!).
2) Only invest in companies that issue dividends. He always said that if a company couldn't make it "worth" his while to invest, he wasn't going to bother.
I know these are basic tips, but he did very well and managed to use his investing know how to send both his kids to ivy league colleges.
2006-06-26 04:17:52 · answer #1 · answered by Goose&Tonic 6 · 1⤊ 0⤋
You can buy stock through many channels. One of the channels is through a stock broker. Now, there is no crystal ball for any up and coming stocks. Your chances of coming ahead in the game is to first educate yourself in this area.
2006-06-26 11:22:12 · answer #2 · answered by h2o 2 · 0⤊ 0⤋
Just visit www.stocksidea.com, they are investment & stock market consultants, u will get all answers thr.
2006-06-26 15:59:18 · answer #3 · answered by Anonymous · 0⤊ 0⤋
I suggest you to open a brokerage account at Scottrade and then drop me a line.
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2006-06-26 12:49:03 · answer #4 · answered by Anonymous · 0⤊ 0⤋