what goes into buying stock? can you just buy it online? how long does it take? and if you invest around 10,000.. what are your chances of making profit.. and how much would that be?
2006-09-20 15:52:53 · 6 answers · asked by hey 3 in Business & Finance ➔ Investing
thanks for the answers!
2006-09-20 16:01:39 · update #1
im not going to invest 10,000. im going to start very small.. just to try it..
2006-09-20 16:02:34 · update #2
Easy. You open a brokerage account, put money in there and start trading. Most companies would allow online trading but would require some setting up. In addition to opening the account, you will have to apply for online access.
If you have to ask what kind of profit you can make, you probably should have a professional help you.
2006-09-20 15:55:58 · answer #1 · answered by JQT 6 · 0⤊ 0⤋
Most of what goes into buying a stock is research into choosing the right stock(s). Or finding someone you trust to pick the stocks for you. You can buy online. Your chances of making a profit are dependent on making good choices. You can increase your chances by buying into mutual funds which are a collection of stocks; this allows you to be more diversified and thus reduce the chances of losing. Check out E-Trade.
2006-09-20 15:58:20 · answer #2 · answered by Anonymous · 0⤊ 0⤋
Read Jim Cramer's Real Money, sane investing in an insane world before you get started.
Also, any book by peter Lynch, the former Manager of Fiedelity Magellan, don't by stock by flying blind. Good Luck.
2006-09-20 15:58:15 · answer #3 · answered by stick man 6 · 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 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
2006-09-20 18:13:54 · answer #4 · answered by Hoa N 6 · 0⤊ 0⤋
Leave it to the pros. You don't know enough to do the trading yourself. Educate yourself more than just what you learn on 'Yahoo Answers' before attempting to trade stocks on your own.
2006-09-20 16:01:18 · answer #5 · answered by Anonymous · 0⤊ 0⤋
I agree with the guy who pitches cramer and lynch and i would expand on his thought by saying read learn to earn and one up on wall street by Lynch. When you're ready open an account with etrade, ameritrade, or schwab
2006-09-20 16:05:01 · answer #6 · answered by Byron W 3 · 0⤊ 0⤋