A good place to start is StockHeadquarters.com. I was new to investing and learned a lot from the site. Some will tell you mutual funds, but the vast majority of funds underperform the market. StockHeadquarters.com shows you which stocks to pick that have the highest probability of going higher and their track record is outstanding.
2006-08-14 03:07:26
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answer #1
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answered by gostox2000 1
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I read steveraven's answer. He is technically correct. But I have to tell you that in using that strategy, you might very well get wiped out also. There are some people who can successfully do that, but for most it is a loosing proposition.
All investments have risk. At certain times the risk is greater than at other times. At the moment the risk is great. Most of the major indexes are falling and are below their 50 day moving average. The ones that are above the average are just barely above.
If you must purchase shares at the moment, consider oil stocks such as COP, FTO, APA or consider stocks of India companies such as SAY or stocks of Chinese companies such as CHL. Or a mutual fund that has an excellent track record in both up and down markets such as Bruce Fund. Or a blue chip that is a monopoly such as MSFT, CSCO, DELL. Those 3 have performed dredfully this year. Maybe they will turn around soon. But long term they have staying power.
But there is always risk--always.
2006-08-14 07:05:30
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answer #2
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answered by Anonymous
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Well, the key first of all, is to open an account. I use Scottrade, where you need to open an account is 500 dollars.
From there, you'll want to do some basic research, on topics like, prices, company strength, time in business, and if they're holding any major debt load.
Granted, investing in say, Cocacola, won't net you a lot, because for 500 dollars, you might get say, 10 shares of Coke...and at 7 dollars a trade, you'd have to wait a long time, to sell, before you'd make a profit.
What i'd reccomend, is going low, for some penny stocks, that have stronger chances to perform. say, a company that has stocks between 5 to 10 cents a share....and buy a max that you can, say, at 5 cents, buy about 5000 shares.
Then, when the shares uptick, sell out, and you'll make a nice little profit.
Now, the key, is to flip. You've used your initial 500 to make a nice profit of 250....so, wait for the stock to drop again, strike again, and then flip it.
eventually, you'll find 2-3 other stocks that you can work this way, however, you'll want to remember two rules.
First of all, don't do a lot of flips in a week....Scottrade has a policy regarding margin trades, and if you do it within a week I think 4 times, they ask you to put a lot more money in your account....and it's designed to make you wait a little while.
The second deal, is watch out for those little stock spammers you get in the mail, most of it is junk, and the stocks aren't worth the time to work inside with....good luck!
2006-08-14 05:15:06
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answer #3
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answered by steveraven 3
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If you want to make a profit you have to take a risk. If you want a minimum risk you have to spread your investment. The only way to spread is to buy a lot various shares...you have to invest millions...
Maybe an EFT or an index fund will do the trick ?
2006-08-14 10:04:03
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answer #4
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answered by roy_s_jones 6
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Invest in mutual funds/unit trusts. They are safer than direct share market investments. But be patient and do a lot of study/research about good reliable mutual fund management companies and the performance of their funds. Know your investment and risk profile before you decide on the type of fund(s) you want to invest in.
2006-08-14 04:58:09
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answer #5
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answered by yuvan53 3
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Hi, i know what your question means. i also think stock market is a nice place for investing.
I found some useful tips in stock trading. It includes stock basics, how to protect your profit, find a potential increase share, control and manage stock risk, when to sell/buy stock and so on.
http://www.bernanke.cn/stock-trade/
Best Wishes && Good Luck!
2006-08-15 00:30:42
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answer #6
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answered by Anonymous
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