I been curious about investing. I don't know even a basic rule about investing, I just a teenager, so I think it useful to study how to investing now, so do you guys know what site for me to study investing from the most basic rule and how to investing from a to z ? thanks!!
2006-09-02
12:34:12
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8 answers
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asked by
Naruto_Fan
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Business & Finance
➔ Investing
Thanks for all the answer you guys, I appreciated.
Although I already choose the best answer,
but Hoa N your answer is good too, thanks!
2006-09-02
17:57:49 ·
update #1
Investing is a life long endeavor. the basics can be easily mastered, but most people confuse 'trading' with 'investing'.
those in their 20's and 30's must become very proficient at accumulating and investing wealth, more so then any generation before.
Yahoo finance is as good a place as any to learn the basics
http://finance.yahoo.com/education/begin_investing
http://finance.yahoo.com/etf/education
http://finance.yahoo.com/bonds/bonds_101
My only advise is don't listen to anyone here or on TV about WHAT to invest in. The following are some practical steps to get you on your way to LEARN for yourself.
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
2006-09-02 14:53:15
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answer #1
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answered by yeeooow 4
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Go to www.fool.com.
This site is The Motley Fool. It's both a great place to start your investing education and a great place to refresh what you know. Their stated goal is to educate, amuse, and enrich.
They have well-written articles that are also fun to read. You are very smart to start now.
Best wishes, Honey.
2006-09-02 13:02:14
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answer #2
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answered by #girl 4
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Clearstation is free and very basic and easy to use. The street.com is informative ,Jim Cramers lessons, but more pop ups and diversions on the site. A good start. Don't buy wisetrade, a waste of money!
2006-09-02 14:38:42
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answer #3
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answered by cal_gal 1
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read more tips on investing and stocks on this site
2006-09-02 12:42:52
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answer #4
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answered by Anonymous
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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
2006-09-02 16:34:54
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answer #5
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answered by Hoa N 6
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i use to only use yahoo, but i realized using a combination works the best to get a wide variety of info
2006-09-02 12:39:09
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answer #6
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answered by speedy266 2
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motley fool
2006-09-02 12:39:18
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answer #7
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answered by Anonymous
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cnbc.com
2006-09-02 12:36:46
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answer #8
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answered by john john 5
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