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2006-10-03 15:20:49 · 11 answers · asked by ferrarokingdom 1 in Business & Finance Investing

11 answers

Education is the best way. You'll have to decide how important your future finances are as you answer the question of how much time to invest in your financial education!


Be aware that there's a lot to learn, but don't let it overwhelm you.

A good primer is How to Make Money in Stocks by William O'Neil. You can get it cheap just about anywhere. It’s widely available new or used.

Another good one is one of Jim Cramer's books.

But books will only get you so far. At some point, you'll also want to get at least a little training. There are some great education companies if you want to make the investment. Investools.com or optionetics.com are both very good companies as is tmitchell.com

For free, you can start by visiting thestreet.com. That'll get you a pretty good primer so at least you'll understand what the markets are and what a stock is, etc. If you get a chance, watch Mad Money on CNBC. Don't trade any of his picks. Just use the show to get you to understand some basics and get a feel for the market itself.

Next, subscribe to something like investorsbusiness daily or something like that that can help you identify good stocks.

Do a quick search (at the top of the page) on ROTH IRAs. You’ll want to put some money in there.

Once you understand stocks, go to 888options.com. It's a website that'll help you understand options (what they do, how they work, etc). You don't need to trade them, but the more you know, the more you'll see how options can really be the safest way to invest (once you're educated).

I know that’s a LOT to absorb. Just take it one step at a time for now.

Congrats again on getting started. If you have any questions, please let me know.

Hope this helps!

2006-10-03 17:11:58 · answer #1 · answered by Yada Yada Yada 7 · 1 0

For most people, it's through mutual funds. They save you time, money and effort.

However, if you are convinced you want to start picking stocks and have enough money to make the fees reasonable (need about $10-20k so you can buy a diversified portfolio) then I would suggest paper trading for a few months just to test your theories. This is not really the best time to be getting into the market, but it's your money.

2006-10-03 22:24:45 · answer #2 · answered by personal_finance_101 3 · 0 0

try a stock market simulator first - those give you a very good idea of how the stock market works before you actually risk real money

a good simulator is found at www.investopedia.com

if you want pretend stock markets, you could try the Hollywood stock market at www.hsx.com which lets you buy and sell movies, or even the TV stock market at www.tvstocksonline.com where you buy and sell TV shows.

2006-10-03 22:34:09 · answer #3 · answered by chiang-ku 3 · 0 0

You have to be patient, learn how to invest the right way. turn off CNBC, when you heard on TV, it is already too late. Learn how to choose stock as the way you pay for everything else in life(meaning when thing are on sale,not the sticker price). Paying at the cheap price and on sale in turn you can sell at the higher return at the later. Constant monitor your investment.Do not have a buy and hold mentality

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 75,000.00 and 30000.00 in taxble account. by follow simple rule

2006-10-03 23:39:11 · answer #4 · answered by Hoa N 6 · 0 0

Start buying ETF;s like ishares for emerging markets such as Korea or Japan. Best bet to make some money, keep away from mutual funds.

2006-10-03 22:22:53 · answer #5 · answered by shiva338 1 · 0 0

Learn what you are doing first. There are a number of Internet sites that allow you to register and pick some stocks to watch how they are ding over a period of time with no money -- just to watch performance.

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2006-10-06 07:18:24 · answer #7 · answered by thebaldchemist 3 · 0 0

Hi, i know what your question is.

i suggest a great site with plenty of Issues related to your Investing and everything around it. it also provide clear and accurate answer to many common questions.

I am sure that your Investing will benefit greatly from this website.

http://investing.sitesled.com/

Good Luck and Best Wishes!

2006-10-03 23:36:06 · answer #8 · answered by stock_trade_expert 3 · 0 0

start investing in stock markets. you'll learn the ropes of the game fast.

analyst

http://moneytipz.blogspot.com

2006-10-04 04:52:39 · answer #9 · answered by Anonymous · 0 0

DRIPS, mutual funds, and dividend paying stocks.

2006-10-04 16:38:25 · answer #10 · answered by Trevor R NYC 3 · 0 0

fedest.com, questions and answers