purchase stocks and can you pull out your money any time you want to. And where can I learn how to actually read the stock results becouse I dont know what im looking at when they have it on the news but I want to learn thats what happens when you grow up in the hood!
2006-10-25 04:45:16 · 8 answers · asked by unique 1 in Business & Finance ➔ Investing
There are several brokerage houses who are on the web, Ameritrade, Scottrade, E-Trade,......anyway, You'll have to open an account and deposit their minimum amount, between 500-2000 dollars. Then you are ready to invest in stocks.
However, investing in stocks is somewhat of a gamble. Some companies have made it easier to invest in multiple companies with little capital. These funds are called ETF's (Exchange Traded Funds). So if you want to invest in technology you would buy XLK, this fund has many technology stocks within the fund. To learn more about ETF's click on this http://www.amex.com/
2006-10-25 05:48:16 · answer #1 · answered by reallyno 3 · 0⤊ 0⤋
Stock is actually an ownership piece of a company. Somene who owns 100% of a stock owns the whole company. Stocks cannot be bought and sold like, say, DVD's online.
You'll need to open an online brokerage account with brokers like Charles Schwab, AMeritrade, Etrade, or others. You will pay a commision on all trades, and usually must establish an account with a minimum number of dollars. Stock trading is not for everyone...you can lose a LOT of money. If you feel investing in stock is important, go to your bank, Fidelity, or others, and invest in a mutual fund-which is a pool of stocks, bonds, etc which you buy shares in. Those shares can be redeemed anytime through the fund company, and have much much less risk.
2006-10-25 05:00:51 · answer #2 · answered by Anonymous · 0⤊ 0⤋
You will need to write a check to open an account with Scottrade, an online stock broker. Once you have an account, you can just place a buy order for the stock you like, and youre in the market!
If you need ideas on what to invest in, I would suggest http://www.top10traders.com - this is a free site that list out what the best and worst traders are buying and selling. You can get investing ideas from the best by looking at what they have in their portfolios - then you can create your own portfolio with $100,000 in "play" money, and see how your own stock picks perform compared to other traders. Good luck.
2006-10-25 08:32:45 · answer #3 · answered by Anonymous · 0⤊ 0⤋
Investing in the stock market is a great way to make money online. however, if you don't know what you are doing, you can lose more than you earn. Before you start, learn some stock market basics, like selecting the right stock to trade, timing your entry and exits from trades, and risk management.
2016-05-22 12:54:47 · answer #4 · answered by Anonymous · 0⤊ 0⤋
not to sound snobby, but I think that you are great candidate for an index mutual fund -- rather than an individual company stock.
by investing in an index fund, you can diversify you investment dollars, reduce risk, and participate in the stock market while learning about individual stocks
2006-10-25 06:57:39 · answer #5 · answered by seaportma 5 · 0⤊ 0⤋
I think you are referring to day trading which is real RISKY.
Read the site below for more info.
Some day trading sites may operate illegally.
2006-10-25 12:30:45 · answer #6 · answered by Anonymous · 0⤊ 0⤋