I am interested in purchasing stocks. Can someone tell me more about stocks, how do you start off buying them,trading them, and make money off them? I really don't know anything about stocks.
2006-08-29 13:22:48 · 6 answers · asked by indrep33 3 in Business & Finance ➔ Investing
Yes you could learn invest by yourself. it is your money, you should know how to do with it. for starter check this site out.
http://www.pathtoinvesting.org/index_fla...
http://www.stockcharts.com
http://www.streettalklive.com>... university. a lot amount of information. It will serve you well
I accumulate in good amount in 401k at the young age.I could share with you. when consider invest in stock market. you should consider basic 3 things:
fundamental analysis==(economic data,finincial health, management, business model, competetion)>>what to buy
technical analysis==(chart+indicator)>> when to buy
Sentiment/schycho analysis==>>mood of investor, Contrarian point of view.
Market cycle===>> check out book Trader Almanac by jeff hirsch will give you inside stuff
When you combine 3 thing, It is one of the powerful knowledge goinh with you for the rest of your live
At the age of 32. my 401k is amassed 73,000.00 and 30000.00 in taxble account. by follow simple rule
2006-08-29 16:45:38 · answer #1 · answered by Hoa N 6 · 0⤊ 0⤋
Since you know nothing about stocks I would suggest you open an account at Vanguard or Fidelity. They have professionals who manage mutual funds. These mutual funds usually have an objective and invest in certain sectors of the market. The initial investment for a mutual fund is about 3500, but it is different for every fund. Once you make the initial investment you should contribute about a hundred dollars each month. The advantage of buying a mutual fund over an individual stock is that there are many stocks which make up the Net Asset Value of the fund. Basically, if you have one sector of the market doing bad such as banking the mutual fund will hedge the risk of owning just banking stocks because the fund may also own a technology company which is doing well. They will offset each other and as the market grows so will your holdings in the mutual fund. I suggest you invest in an SP 500 fund which is pegged to have somewhat the same returns as the market as a whole. I have attached some websites for you to look at.
http://en.wikipedia.org/wiki/Mutual_funds
www.vanguard.com
www.fidelity.com
2006-08-29 21:40:19 · answer #2 · answered by ALBPACE 4 · 0⤊ 0⤋
A good website for information is The Motley Fool (www.fool.com). I would also suggest going to a book shop, there are some really useful books about investing. TD Ameritrade (www.ameritrade.com) and Charles Schwab (www.schwab.com) are good brokers.
2006-08-29 20:46:31 · answer #3 · answered by Duke 1 · 0⤊ 0⤋
Read some stocks and investing tips on this site to help answer your question
2006-08-29 20:25:59 · answer #4 · answered by Anonymous · 0⤊ 0⤋
I'm sorry I can't help you, but if I could, I would, too. I would like to invest in E85, because I believe that is the direction in alternative fuels that our vehicles will be going (and some are already using).
2006-08-29 20:25:58 · answer #5 · answered by merlin_steele 6 · 0⤊ 0⤋
Open a brokerage account at TD Ameritrade and drop me a line.
2006-08-31 03:32:41 · answer #6 · answered by Anonymous · 0⤊ 0⤋