2006-09-17 01:58:49 · 10 answers · asked by Miller 2 in Business & Finance ➔ Investing
Flush it down the toilet-same results
2006-09-17 02:01:41 · answer #1 · answered by super stud 4 · 0⤊ 2⤋
Stocks are best invested into over time. True some trade daily, but, most successful investors use patients. I use "Scottrade" it cost about $7 a trade this buy/sell. So, if you pay $7 to buy then it cost $7 to sell. So, $14 total.
This link; http://finance.yahoo.com/q?s=F show Ford, but, your links above are to various Brokers, I have used all except Fidelity, but they probably OK too as the others, READ so you know before you decide. Scottrade can get a person started for $500 I think, the others may too. Be sure they not charge an Inactivity Fee. Then you not forced to buy just to keep from being charged.
Learn about DRIPS; http://www.fool.com/DRIPPort/HowToInvestDRIPs.htm
All you need is One Share of these companies and you can buy Direct through their bank cheap and you can have any dividends reinvested to buy more stocks in that company.
Have patients, in time you be surprised what can happen with a little thought.
Here my battle plan in short; Find a good Company that may be in some trouble and Buy Stocks over time. As the Company recovers and the Price increases then I sell only enough stock to get my money back including Commission. Then I can use my operating capital to buy other stocks. K-Mart is a very good example of making me smile because I had patients!!! Turned out to be a pretty good stock @ around $8 a share, heck, I had forgot about them and heard they were buying Sears. Patients.
2006-09-17 02:49:03 · answer #2 · answered by Snaglefritz 7 · 0⤊ 0⤋
hi. i recommend you use halifax or hoddless brennan (think its spelt like that) to trade(buy and sell shares) halifax is slightly more expensive but good and easy and hoodless is cheapest going to trade but i dont know about service.
I recommend you wait for the markets to come down before investing. e.g . - wait for months of prolonged downward motion or atleast few days, which you then ofteen get a small rebound from.This is often the easiest way of making a little. I have watched shares for yrs even though im only 19 and it also requires luck, but if u watch the markets enough (u can get free monitor from www.advfn.com to track shares u want to look at, start by adding aqp, dnx, jlp,pip,csb - especially, in the epic code boxes. this will give u some to follow). if u watch it enough you get used to what happens with each share etc and then u can make money, however it still requires luck!!!!!!! be careful.
2006-09-17 07:13:29 · answer #3 · answered by @@@Marty@@@ 1 · 0⤊ 0⤋
Hi,
I have just started investing in the stockmarket through share.co.uk.
I can do all my investing online and the charges are low (£2.50 to £7.50 per trade) which is ideal for me as I am only a small investor.
The website has a load of information in plain english about investing and some great tips.
I am really enjoying it, fairly easy and hassle free although you will start to read the business pages of newspapers in a lot more detail!
Good luck
2006-09-18 02:33:33 · answer #4 · answered by Chris G 3 · 0⤊ 0⤋
It's spelt "patience" - I'm sorry, I just had to respond to the above poster, the spelling was annoying me.
OK - basically Shares are a good way to earn money, and create an asset, you will however need to learn how it all works thats the first step... in fact that's the only step, learn and then use your knowledge to invest.
2006-09-17 06:03:07 · answer #5 · answered by imcdw 2 · 0⤊ 0⤋
Hmm, a bit of money is not enough. If you need to ask the question then do not do it! Do some research; asking the question here is not enough. As a basic rule, only invest what you are prepared to lose.
2006-09-17 10:41:14 · answer #6 · answered by Graduate 2 · 0⤊ 0⤋
If you want to be SAFER, put your money in unit trusts or some kind of managed fund, rather than taking a chance and picking shares yourself. It means you have to pay the manager a small cut of the profits, but you can sleep easy at night; and the fact that there ARE profits means that the manager is earning his pay by picking and switching shares for you.
2006-09-17 20:23:12 · answer #7 · answered by machiavelli 2 · 0⤊ 0⤋
It's abit risky having any $$ tied up in cyber space these days ! Land is the most solid....but if you want to play the market....Home Depot, G.E. are good picks. The reason I question electronic money storage ....example....try calling Dell...the 1-800 number goes right to some anti-American person in India ! especially now that the pope stuck his foot in his mouth !!!!!!!!!!!!!
2006-09-17 02:16:03 · answer #8 · answered by Anonymous · 0⤊ 0⤋
First, get some knowledge. Motley Fool ( www.fool.com) is a great place to start. You can create a "ghost" or test portfolio using their new CAPS service ( http://caps.fool.com)
When you are ready, open a trading account. I recommend one of the big three, either etrade ( www.etrade.com), Ameritrade ( www.tdameritrade.com) or Schwab ( www.schwab.com)
2006-09-17 02:09:41 · answer #9 · answered by stanross 2 · 1⤊ 0⤋
First you need to decide whether it's for income, or growth, or just a means of gambling.
Get your stockbroker account set up, whether it's postal, telephone, or online.
Then you have to get your timing right. (Buy on the bombs, sell on the peace treaty is a good maxim).
That's about it.
2006-09-17 02:17:51 · answer #10 · answered by Anonymous · 1⤊ 0⤋