i would like to purchase stocks what should i do?

Question

i have no idea about stocks but i want to invest in some so if someone could school me in stocks that would be great any tips jus leave them

Answer 1

get the suspenders first

Answer 2

Congratulations on getting started. It’ll help you more than you know! You ask a very broad question, so be prepared for a pretty long answer. Just take it in chunks!

How to invest depends on what you already know. We'll assume that you're beginning since you said you had no idea about stocks.

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).

As you get more advanced, you might want a technical analysis book like Murphy's Visual Investor or A Technical Analysis Course by Meyer.

If it's discipline (which is crucial to successful trading), probably Trading in the Zone by Mark Douglas or Mastering the Trade by John Carter

I know that’s a LOT to absorb. Just take it one step at a time for now. Start with a book or two to give you an idea of where to begin.

Since you're starting with a smaller amount of money, you'll probably want to save up at least a few dollars so you don't get eaten up by commissions (around $10-15/trade). When you have say $200 or so, you can put it into an ETF or into a growth stock. Meanwhile, you can always papertrade to practice (highly recommended).

Start slow, then as you figure things out, you can buy more shares.

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

Hope this helps!

Answer 3

Get a book. Get the stock page in the newspaper. Call Charles Shwabb when you get ready to make your selections based on performance (and your own hunches based on what is going on in the world)
You can also open a stock account at some banks and trade for very small fees on line, when you feel that you know what you are doing. You can also trade on line with Charles Schwabb, but you should go in person initially. There is a minimum investment for some stocks and funds.
My guess would be pharmaceuticals. Safest is a mutual fund with a balance and variety in your portfolio.
Or you could get daring and become a day trader, riding the wave of individual stocks on a daily basis.
Good Luck

Answer 4

WHATEVER YOU DO, please do not speak to just any stockbroker. They are only watching out for themselves. Knowledge is king and you have to learn to be systematic and disciplined. Reading a book is probably the first step in the learning. However, by yourself without a coach is mnot going to get you far, unless you are a very analytical person that can discriminate good advice from poor ones, and every writer would have certain idiosyncracies. The books are good for the general description of strategies and some analysis. The rest of your successful path is going to be your personality, your drive, your discipline, and how much you learn and practice. The way i practice is to do large sums in a paper trade and small amount in real money trades until i get to be good and consistent in a certain strategy. There are training companies on the market, but i am also in the process of learning why anyone is actually better than the others. For this question, i am still waiting for answers from other people who are much more knowlegeable than I. I believe that investing in the stock market is a wise move, as exemplified by the bigg guyslike Bill Gates and Michael Dell. The proper knoweledge is king, however. Learning from a good coach is probably the right move. You pay him/her, but just look at it as the cost of business.

Answer 5

Don't make a move without research! Read the wallsteet journal. the financial times, Barron's weekly Read these newspapers for awhile first. Never jump on a stock because you think if you don't your going to lose out. Believe me, it would already be to late. Check out some good websites such as market watch, yahoo finance, motley fool. Just take your time and stay DIVERSIFIED!!! Instead of spending money on a mutual fund look into A ETF. Try not to own more than 10 different stocks and don't get to speculative. As a broker I use e-trade and ameritrade Good luck your going to need it

Answer 6

If, like our villiage stocks, their out in the open, (though be it behind some railings, as an historical reminder) you want a hard wood, and authentic ones. If its just for bedroom bondage, a softwood may do, with arm and leg holes, and a pad lock.
as to investing, they dont come up in auction much, as often centries old, hold little value, and are more of a village green focal point, than anything else.

Answer 7

I suggest investing as little as possible until you get good.

As you get more experienced put more cash in.

Remember this: never put all your money in one company. Buy atleast 5 different companies in different sectors. That way if one implodes you still have a fighting chance. Remember Enron?

I know a lot of people don't like James Cramer, but his book "Real Money", has some really good advice for the beginner.

Answer 8

First go n read stuff by Warren Buffet(hope u know him, incase no - just make a search on Google). After that shortlist some sectors n stocks, u feel like buying .. Dnt go n buy now !!! Note their daily movements and get a feel of them and keep on talking abt them to seniors in this field. Also dnt forget to track news abt them. After that just go to a reliable broker & get ready to have new suits with deeper pockets ! Ha ha ... Best of luck !!!!!!!!!

Answer 9

I know exactly wut u should do! You should go to www.ameritrade.com and open up and acount... start with about $2500 - $5000 deposit the money and set up your bank account and such. But DONT buy any stocks yet.. watch CNBC all day check out whats going on in the market read the WSJ and wut really helps a begginer is to watch Jim cramer on CNBC he is on at 6pm 9pm and 12am all week just watch his show u will learn alot and how to start and wut to look for in companies also it will not hurt to buy his book. I am not saying he is the best but he def will teach u alot to start with.. from him u will then go on your own picking your own stocks and its actually fun if u make money! as jim would say! "MAD MONEY" well good luck!!

P.S.
If u do go and open up an ameritrade can i refer you?? becuase i will get a couple of free trades!!! soo please if u like my answer please send me a msg so i can send u a refer link to ameritrade

P.S.S.
Ameritrade acutally is pretty good they have cheap comissions only $9.99 per trade no matter how many stocks u buy! and great service!!! trust me i been around the brokers!!

Answer 10

You should start with mutual fund, If you don,t have any idea aboutt stocks.Your money will be looked after by some of the best fund managers in the bussiness. Start with any leading fund house's Equity balance fund. It also reduces the pain of opening demat account.

Answer 11

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Good Luck and Best Wishes!