right here on yahoo.
http://finance.yahoo.com/education
We must all become educated investors much more so then our parents were and start sooner. These are some basic steps to get you started.
Step 1.
First decide what kind of brokerage you want to work with. You can open a brokerage account in your bank, with a large full service brokerage or an internet brokerage. I find when I get help, most people want to sell me things that are better for them…. So I use http://www.scottrade.com because it’s cheap and easy with low frills. I like their streaming quotes and I do my own research and make my own investments. But any low cost internet brokerage service is fine.
Step 2. get a subscription to Barrons or Investors Business Daily… Do this for 6 months or a year. At first, It seems a bit mysterious, but pretty soon you start to understand the terms and things that investors are looking for and what they are afraid of
Step 3. If you have some money to invest, put it in 3 month CD’s right now. First the market is unstable and second you have some homework in Step 4 to do before you do any investing.
Step 4. Go out to the internet and search on the following subjects. Become very familiar with the concepts.
Asset allocation
Long term investing
inflation
Roth ira vs ira
Large med small cap
Value vs growth
Indexed mutual funds
No load mutual funds
ETF
Sector funds
Bonds CD preferred stock
dividends
International funds
Market cycles
volatility
Fundamental analysis
Technical analysis
In most cases, I think it is wise to use indexed mutual funds and ETF to build the base of your portfolio.
Step 5 go to http://clearstation.etrade.com/ and sign up for a free account. Play around there by looking at graphs and fundamentals. If you click on the graph names, you will get clear information about what the graph is based on and how to interpret it. I think it’s also a good idea to pretend you have $10,000 and start buying and selling on paper. Keep track of where you are each day for a month… It’s a lot easier to lose play money then real money….
WARNING: don’t rely on technical analysis alone. These graphs are good at telling you WHEN to buy and sell, but now WHAT to buy.
Step 6. It’s always a good Idea to see a CFP (certified financial planner). Their job is to work for your benefit, not to sell you investments. They can cover subjects like employee benefits, insurance, budgeting, living trusts, 401k, taxes and real estate as well as investment types and investment types to keep away from.
Always strive to do your own research… you’ll find everyone sounds like an expert so take everything people tell you with a grain of salt. It’s not easy in the beginning but soon you will be the expert.
Don’t get involved with futures, currency, options (unless you get stock options at work), commodities, annuities or other derivative type investments at this time.
Good Luck
2006-09-01 13:14:04
·
answer #1
·
answered by yeeooow 4
·
0⤊
0⤋
What type of investor/trader are you looking to be? Long term? Medium Term? Swing (a few days to a few weeks) or day trader. The easiest to learn would be long term investing. The best way is to start with some basic books; Investing For Dummies Mutual Funds For Dummies Then move onto several books in the area of investing that interests you. You'll never be an expert (as a part time investor) but you can learn enough to be better than the averages and beat the performance of the index's. Many web sites will give you some very basic info. It would be like getting a two page brochure on how to drive. Certainly not enough info to start driving. Put in some effort & you'll be rewarded.
2016-03-27 03:38:57
·
answer #2
·
answered by Anonymous
·
0⤊
0⤋
If you are looking for a very reliable resource, I highly recommend Stock Investing for Dummies. This book presents to you the basics of investing, with no attempt to sell you anything, and with minimal BS. Additionally, the book lahys out easy-to-understand examples that further solidify the basics of investing.
2006-09-01 11:21:39
·
answer #3
·
answered by edplisner 2
·
1⤊
0⤋
I recommend that you begin with 'Investor Information' at the U.S. Securities and Exchange Commission. This is the right place to learn about investing risks. The website is:
http://www.sec.gov/investor.shtml
Then, you can go to Moneycentral or Investopedia (sites below).
Or download a free course (only course 1 is free) at NAOI (see below).
2006-09-01 12:33:53
·
answer #4
·
answered by Sirloin-stock.com 2
·
0⤊
0⤋
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
2006-09-01 12:23:16
·
answer #5
·
answered by Hoa N 6
·
0⤊
0⤋
This is a good unbiased site. The second link is the tutorials.
2006-09-01 10:15:09
·
answer #6
·
answered by Wurm™ 6
·
1⤊
0⤋
Investopedia they have everything nailed from a-z
2006-09-01 10:34:06
·
answer #7
·
answered by Anonymous
·
1⤊
0⤋