Anybody know a good site or two that gives quick and understandable instructions on how to go about it...I know Its deeper than that, looking for more of a "Stocks for Dummies" kind of site..
2006-11-02 16:52:18 · 5 answers · asked by Stacie 2 in Business & Finance ➔ Investing
Take time & make an effort. This stuff is not that hard to learn.... you just need to take the time. A "quick" lesson is not going to help you!
Take a year. Although I dislike the "easy" formula's given buy magazines like MONEY and KIPLINGER'S.... they're a good place to start to get a feel. Buy a couple of books (the "dummy series is fine).. get a least one book on retirement investing and one "general" book on investing.
If you do this for a year.... take your time to understand. you'll be able to save yourself 10's of thousands of dollars over a lifetime (and make some money too). The suggestion that you consider an S&P 500 index ETF is a good idea. Look at SPY and IVV.
But.... should you be taking investment suggestions from strangers..... I don't think it's wise. In fact it's worse than gambling. Don't use yahoo answers as a basis to invest your money. Be patient. Learn. It will work out fine!
2006-11-03 00:38:04 · answer #1 · answered by Common Sense 7 · 1⤊ 0⤋
I know this isn't the answer you're looking for, but it is a lot deeper than that. If you don't understand any of the terms, look them up in investopedia.com or any finance textbook.
It's very hard (time/energy-wise and statistically) to consistently make money investing in the stock market. First off, don't invest in only one stock, choose a portfolio that's diversified. When choosing a portfolio, fund managers look at beta, alpha, standard deviation, Sharpe Ratio's, etc. The lower the beta, the lower the risk. The higher the alpha, the higher the abnormal return. The higher the Sharpe Ratio, the greater the return per unit risk.
If you don't want to go through all this (I'm a finance major, so trust me when I tell you it's very time consuming), I'd suggest Exchange Traded Funds (ETFs). These are like mutual funds that pretty much mimic exchanges, like the S&P 500. They normally outperform most actively-managed mutual funds, have low fees and are relatively secure.
I don't mean to burst your bubble. If you want to day trade, it's up to you, I'm just giving you my honest opinion.
2006-11-03 01:41:33 · answer #2 · answered by A M 2 · 1⤊ 0⤋
Just start. Nothing to read. No day-trading & likely no stocks for you. ETFS like IAU EWA EAF Close-end investment cos like ADX SRO. If was complicated few could do it.
2006-11-03 10:21:17 · answer #3 · answered by vegas_iwish 5 · 1⤊ 0⤋
Yahoo finance has a pretty decent site http://finance.yahoo.com/education
2006-11-03 01:42:30 · answer #4 · answered by mash220202 2 · 1⤊ 0⤋
http://www.fool.com/
http://www.pencils2.com/
http://www.investopedia.com/
http://www.berkshirehathaway.com/
http://www.caps.fool.com/
http://www.finance.yahoo.com/
2006-11-03 12:42:45 · answer #5 · answered by dk 1 · 1⤊ 0⤋