How do you buy stock? I heard there was this popular online place that you could sign up and transfer money, stuff like that; choose the stock you wanted.
*Are there like blue chip companies for canada?
2006-09-28 07:15:21 · 6 answers · asked by Ellie 1 in Business & Finance ➔ Investing
Best advice - only invest what you can afford to lose. There are no guarantees that investing in the market will turn a profit. Want proof? Do a web search on "black Friday"
2006-09-28 07:23:21 · answer #1 · answered by smgray99 7 · 0⤊ 0⤋
Check out the link. There are hundreds of companies around the world to invest your money in. But for most, you have to establish an account with a Brokerage (e-Trade, Charles Schwab, MSDW, etc) With Dividend Re-Investment Plans, there are a small number of companies that allow you to buy stock directly from the company, avoiding large brokerage commissions.
Invest in things you know about, things that will make a difference. Research stocks that are listed in "Pink Sheets", these will be cheaper, more volitile stocks. however, if you do your homework, research the company, and pick the right one, buying a stock for ten cents when it first comes out, then waiting ten years as the product or service becomes more well known could make a $1000 investment turn into a $100,000 nestegg.
These days, look to the things that we need for a safer and more efficient future. Alternative energy investments is now where investing in General Motors or Ford was in the early 1900's. Pick right and your children will be able to go to college.
Yahoo Finance has tools and tutorials to help you learn. Or go to http://www.fool.com and read the "Fool School" series.
In Yahoo Finance, look up GSPI.PK, DIL, XSNX, FPL, IESV.OB for some initial ideas.
2006-09-28 07:42:21 · answer #2 · answered by Fuggetaboutit_1 5 · 0⤊ 0⤋
Penny stocks are loosely categorized companies with share prices of below $5 and with market caps of under $200 million. They are sometimes referred to as "the slot machines of the equity market" because of the money involved. There may be a good place for penny stocks in the portfolio of an experienced, advanced investor, however, if you follow this guide you will learn the most efficient strategies https://tr.im/c8109
2015-01-25 00:25:05 · answer #3 · answered by Anonymous · 0⤊ 0⤋
Stop! You do not do business like this in the internet, unless you want to lose your money. What you do is you call Fidelity investments and you open up an account with them. I say wait until the market-Dow dips below 10000 before you put your money in. Right now it is at an all time high, a good time to lose money very quickly. Do not invest with Smith Barney- they will wipe you out at any point in your investments.
2006-09-28 07:26:34 · answer #4 · answered by Tneciter 3 · 0⤊ 0⤋
you can invest online, but if you really want to invest and keep your money invested, get an advisor or planner. They take out all of the legwork, they have people who know what to invest in. Even though you get hit with more fees than doing it yourself, in the end, YOU WILL ALWAYS MAKE MORE MONEY IF YOU GO WITH AN INVESTOR. Hands down.
My wife is a finacial planner and time and time again she tells me about people who invested online, but ended up transferring their accounts to her because there is A LOT more stability and dividends in the long run.
2006-09-28 07:24:33 · answer #5 · answered by Anonymous · 0⤊ 0⤋
www.sharebuilder.com
Good place for beginners
2006-09-28 07:17:33 · answer #6 · answered by Kit 3 · 0⤊ 0⤋
I use Scottrade (http://scottrade.com/). No complaints.
2006-09-28 09:03:53 · answer #7 · answered by curious1223 3 · 0⤊ 0⤋