how to look ,where to buy,
2006-09-13 04:33:48 · 7 answers · asked by beegs64 1 in Business & Finance ➔ Investing
Big question! I'll take a shot at a chunk of it.
Start with some basics. There's lots of great sites. The library's also a pretty good place to get information. I like How to make money in stocks in good times and bad by William O'Neill as a starting book. It's widely available and cheap.
Once you've gotten a basic understanding, then you can go about deciding what to to next.
There's systems and there's education and there's really no substitute. Investing's pretty straightforward once you have the education and there's many many ways to make money at it. You just have to find what resonates with you.
If you're looking for education, you can go to investools.com or optionetics.com or startrader.com or toddmitchell.com. All will teach you how to trade profitably. Then it's up to you to find the strategy that fits what you like.
For me, one of my favorites is sector analysis. I see where the big money's moving (in or out) and I'm in the stocks going in the direction of the sector. So for example, you may have heard that retail's getting a LOT of money these last few days. I had already identified the sector a while back and had a few favorite stocks wup and running.
USG, I've watched for a long time. It broke out of a squeeze a couple of weeks ago and had just pulled back to new support for the last four days where it held support. Perfect entry point for the pop it got this morning.
Cramer (Mad Money) (see thestreet.com) even mentioned it on his show yesterday and that Buffet was putting money into it. Well, guess what. I'd already seen that almost two weeks ago. So people in my mastermind had the opportunity to get in then when it broke out of the squeeze! (That's the value of the education vs. just hit/miss vs. a system.)
Anyways, long story short. Educate yourself. Follow the trends. See where big money is going (or leaving) and follow the big money. When it enters, you enter. When it leaves, you leave!
As for where to trade, use scotttrade.com, etrade.com, ameritrade.com, optionsxpress.com. Any of those'll get you started with decent low cost commissions.
Let me know if you have any questions.
Hope that helps!
2006-09-13 04:43:50 · answer #1 · answered by Yada Yada Yada 7 · 0⤊ 0⤋
Go to yahoo finance. This page will help you find out what stock prices are and will help you look up individual companies to see if there is a stock symbol to go with it.
Open an online brokerage account. There are a lot of good ones - E*Trade, Ameritrade, ScotTrade, Charles Schwab. Just pick one. They all have very competitive rates and have varying degrees of initial investments. You will have to give your bank account number so you can transfer funds directly into your etrade account to purchase stocks. There is never a minimum or maximum order.
When buying stocks, always remember to buy low and sell high. Be reasonable in your goals.
Be patient and never invest in stocks unless you can afford it. For example, if you have car payments, you need to invest your money in paying off that loan before you should think of investing in stocks. If you have credit card debt, get your credit cards paid off first.
A good rule to follow is to never invest more than 10% of what you have in your bank savings account for investments. That way, if your choices turn sour, you haven't lost all your savings.
Never, ever put all your eggs in one basket. Don't put all your monye in stocks or all in bonds. Spread it around. If one doesn't do well, the other usually will.
2006-09-13 05:01:58 · answer #2 · answered by north79004487 5 · 0⤊ 0⤋
Any stock broker can make a buy for you. IT does not matter if its internet or brick and mortar.
You can also go to share builder, its cheap to buy if you have a limited budget to start with. Its steep to sell but they are about building up your inventory of shares. Not selling them off.
Most discount brokers are so cheap now that its not really in issue.
Yahoo finance has many good articals and stock screening features that will help you.
Good luck
2006-09-13 04:43:46 · answer #3 · answered by john d 3 · 0⤊ 0⤋
Open an account with a brokerage firm; that's all you need to buy stocks. As to which stocks to buy when, you're on your own...
2006-09-13 04:35:12 · answer #4 · answered by NC 7 · 0⤊ 0⤋
there's a lot of online services, where you can buy and sell stock. I know a few, like etrade, ameritrade, etc., but there might be one that fits you best, if you look at them all.
2006-09-13 04:44:32 · answer #5 · answered by Paul 7 · 0⤊ 0⤋
read tips on investing and stocks to help you more on this site
2006-09-13 07:25:17 · answer #6 · answered by Anonymous · 0⤊ 0⤋
Just send me $100,000.00 and off we'll go.
2006-09-13 04:41:08 · answer #7 · answered by mike l 1 · 0⤊ 0⤋