I dont wanna sound stupid but I just need somebody who knows about it and that can explain it to me a little. I really wanna try to invest some money for my baby girl that is on the way.
2006-09-15 07:56:45 · 11 answers · asked by Anonymous 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 section 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 74,000.00 and 30000.00 in taxble account. by follow simple rule
2006-09-15 15:21:36 · answer #1 · answered by Hoa N 6 · 0⤊ 0⤋
Before you start any stock market investment program it would be best to buy a good book and I recommend "Investing for Dummies." It is not a very technical book, but will give you a good understanding of how the stock market works and gives you the major trading principles. It's one heck of a lot better to educate yourself, than learning by trial and error. Also, don't expect to hit a home run and make a big fortune right away, but the market is most successful for the long-term investor and on average you could expect to gain 10-12% compounded annually over the years.
2016-03-27 02:34:37 · answer #2 · answered by Anonymous · 0⤊ 0⤋
Go to www.investopdia.com and do your research. Look, investing in stocks is not for folks who can't afford to lose money. Take a look at college savings plans. The best one I know about is the one offered by the State of Iowa. Here's the web site: https://collegesavingsiowa.s.upromise.com/index.html
All the funds there are by Vanguard which is an excellent, low-cost, investor-friendly company. The money invested is not deductible but you pay no tax on the returns.
2006-09-15 08:17:43 · answer #3 · answered by DelK 7 · 0⤊ 0⤋
You have no business putting money into the stock market if you don't understand it. And this is not the place to get that kind of information. Go to a bank, and ask about options for investing your money. A CD (certificate of deposit) or some other interest-bearing account may be your best choice right now. It takes a lot of "homework" to learn what you need to know about buying stocks.
2006-09-15 07:59:44 · answer #4 · answered by MOM KNOWS EVERYTHING 7 · 0⤊ 1⤋
Do not put money for your daughter in a CD. Find a financial adviser to help you. Call an adviser and ask about American Funds, specifically "The Growth Fund of America" or "Investment Company of America" both of those are well-run, middle of the road mutual funds that have served many investors well for over 50 years.
2006-09-15 08:10:59 · answer #5 · answered by Anonymous · 0⤊ 1⤋
Many market factors influence the price of a stock. There are "market makers" who must try to influence markets to their benefit while staying within the law. There are institutions that must answer monthly to their customers. And there are short and long options players as well as long holders. Also there is public opinion, the number of shares outstanding,etc. Commission prices are also important and can eat into your profits or increase your losses if you trade frequently. Seek professional advice. Read books.
2006-09-19 04:15:08 · answer #6 · answered by Anonymous · 0⤊ 0⤋
It's a tricky business to get right, you may sustain losses before you make gains. You should really have a face to face with a Financial adviser. In fact, chat to a few and read between the lines, some advisers specialize in specific fields and will only elaborate on that area.
2006-09-15 11:34:22 · answer #7 · answered by elixir 1 · 0⤊ 0⤋
Look up Penny Stocks on the Interenet. Take a look at the infomation and then just go for it. If you start off small and learn the game, you will gain the knowledge you need to get better at larger IPO's. Good luck.
2006-09-15 08:07:10 · answer #8 · answered by Anonymous · 0⤊ 1⤋
Learn what is really going on in the world. Educate yourself about who is controlling the planet, why and how they do it. when you are sure, you will have the insight as to whether investing in the markets, is right for you.
2006-09-15 08:35:12 · answer #9 · answered by Anonymous · 0⤊ 0⤋
Talk to your trusted friends and family and find a good financial advisor. They will know what would fit for you. There are so many options ( no pun intended )
2006-09-15 08:02:26 · answer #10 · answered by Papa John 6 · 0⤊ 0⤋