2006-07-10 19:17:31 · 6 answers · asked by Naiji T 1 in Business & Finance ➔ Personal Finance
Go to a brokerage firm or an online DIY brokerage firm.
2006-07-10 19:20:47 · answer #1 · answered by Mickey S 2 · 0⤊ 0⤋
First determine you own risk profile. You may not be suited for share investing. If your risk profile doesn't match then may cause unnecessary stress on yourself.
Use only money which you can afford to lose - all. Share investing is for med-long term. Not just the 1-2 months - this becomes speculating. Should be at least 2 years or more.
Invest into companies which you know and/or if you were an entrepreneur you would have a company just like that. Research the management team - all important as you don't want an ACCS to happen on you. Buy low sell high. Determine your exit price for profit and loss.
To get started. Open a CDA account. Open a trading account e.g POEMS. Read lots of books about investing and Warren Buffet.
Lastly be a value and contrarian investor! If you don't know what this means start reading :)
If all else fails in making money engage an investment advisor. Email me for more details.
2006-07-13 15:33:54 · answer #2 · answered by JasonLee 3 · 0⤊ 0⤋
open an account with one of the brokerage firm first.
2006-07-11 02:33:00 · answer #3 · answered by firefly 5 · 0⤊ 0⤋
with a great deal of caution and use a broker that is licensed to do business in your state.
2006-07-19 17:00:16 · answer #4 · answered by acmeraven 7 · 0⤊ 0⤋
check out e*trade on the net
2006-07-11 02:22:32 · answer #5 · answered by smithnwessonchick 2 · 0⤊ 0⤋
Why not go to the casino?
2006-07-11 03:01:22 · answer #6 · answered by Win S 1 · 0⤊ 0⤋