I would like to invest money wisely in the stock market, can you please give me some advise and tell me if you recommend it?
2006-10-24 03:14:09 · 4 answers · asked by Jose C 2 in Business & Finance ➔ Investing
NYX is very pricey. It is a hot new stock. I believe there is a great deal of risk in this stock.
A wise way for a beginning investor to begin is to invest in a mutual fund or an index fund. That way you get diversity of investments with a small a amount of investment. In other words if you buy one stock and it does not prove to be a good investment, it will ruin you whole experience. If you buy a portfolio of investments, which is what a mutual fund is, than if one or even a dozen of their holdings prove not to be good, you will not suffer greatly, if at all. Their other investments might prove excellent and cancel out the bad ones and still show a good return. Not all mutual funds are good however. Some are and some are not. But Yahoo provides a decent screen of mutual funds that one can use to find ones with good long term records.
2006-10-24 05:06:26 · answer #1 · answered by Anonymous · 0⤊ 0⤋
Its ticker symbol is NYX. I would not recommend that you get into this stock at this point because it's so expensive. These are great investments when they first IPO, but not after traders drive their price up. A good exchange that I would recommend is the Chicago Board of Trade. All of these exchange stocks usually go up to about $300-$500 per share. It's only $120-$130 for Chicago Board of Trade (BOT). The Chicago Mercantile Exchange is over $400 I believe. You could possibly quadruple your money if this stock does the same. The Chicago BOT does a lot of business and I think it would be a safer investment at this point.
2006-10-24 12:23:51 · answer #2 · answered by Anonymous · 0⤊ 0⤋
Pay attention to the markets, educate yourself, and watch television shows like Mad Money that help guide people like you and me through the markets.
If you need a place to invest http://sharebuilder.com is a great place for people with small amounts of money to start buying stocks.
Graciously
The Investing Sensei
http://www.investingsensei.blogspot.com
If you have any other questions, comments, or concerns you can contact me at:
My Site: http://investingsensei.org
Email: johnny@investingsensei.org
I found these sites helpful when I started investing:
http://investopedia.com
http://investingsensei.org
http://barchat.com
http://finance.yahoo.com
http://cnn.com/money
2006-10-24 16:48:46 · answer #3 · answered by Johnny B 2 · 0⤊ 0⤋
You would have to go to a broker either their office or on-line. You would then have to pick stocks that trade on the NYSE and pay for them.
2006-10-24 10:24:20 · answer #4 · answered by waggy_33 6 · 0⤊ 0⤋