How do i go about investing ino stocks?

Question

For instance i have the money to invest where do I go to the bank? How do i pick the right stock? i really need more information. I have no idea how to start off Please help me someone

Answer 1

Congratulations on getting started. It’ll help you more than you know!

How to invest depends on what you already know. We'll assume that you're beginning.

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 slow, then as you figure things out, move out of mutual funds into ETFs and/or stocks.

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

Hope this helps!

Answer 2

Well
You should try with Penny Stocks Trading (you can find more info here: http://pennystocks.toptips.org )

Penny stocks, also known as cent stocks in some countries, are common shares of small public companies that trade at low prices per share.
I've been subscribing to this PennyStock web site for about a year now and have loved the objective advice they give. He really does look for quality stocks and I've made some pretty nice profits on a lot of his suggestions. Being still fairly new to investing I have been dabbling a lot in penny stocks to try and grow my account. I may not have a big account, but it's a lot bigger than it was a year ago. On just one of Nathan's picks this year I managed to make my investment back ten-fold! Be careful! Penny stocks are notoriously risky but if you follow the right method the risk is almost 0. I suggest to invest only little money first and then reinvest the profits. This is the site I'm using: http://pennystocks.toptips.org
Hope it helps.

Answer 3

Hi,

Some banks do offer stock purchase but I would look into an on-line one like e-trade etc because it's easy to use and the price per trade is OK.

I would recommend that you go to www.fool.com and register for "caps" (it's free). Caps is a pretend stock market with real stocks. You can follow the best players picks or pick your own. Perhaps you find a person on caps that always makes good stock picks and you just copy them to gage how you would do if you had actually bought the stocks based on there recommendations. .If you find yourself successfully with the "caps" game then you can buy those stocks in real life after you've learned some things from the game. IF you find that you are not good at the game then maybe you should just put it in a Roth fund or something. You'll learn allot just playing the game and trying to get your ranking up. I play it and I learned that I shouldn't try to pick stocks myself because I'm not very good at it, but when I listen to certain other players I do great.

When you do decide to invest my long term 5yr+ pick is TTM (TaTa motor group) I'm gonna be rich!!!! (i hope)

Answer 4

You need to do some studying before you invest your money.

In the USA at least, you can set up an account with any of the stock brokerage firms, including online investment services.

These brokerages buy and sell stocks for you for a commission fee. They charge a commission for each purchase and each sale.

They may recommend stocks based on their research, but realize that they have no responsibility to you if their guesses lose money.

There are many books you can read on strategies in stock investing. This helps you understand the market, and helps you to understand how to evaluate businesses which might be candidates for investment.

The stock brokerage hopes you make money but they also want to make money themselves. The more often they buy and sell, the more money they make....and this may not be to your advantage.

Answer 5

Go to moneypaper.com and get the trial subscription. They'll send you easy to understand info on getting started. A good way to pick a company that you might want to invest in is to look at the products or services that you use and pick one that you love. Then invest in that company. Or pick a viable field and invest in the leader of that field.

Answer 6

You keep in touch of the stock market news. Concentrate only on A group shares. Buy them when the price crashes. Sell on the price bounces back. Do you have demat account? You better trade online.

Answer 7

You can download Mad Caps for free here: http://bit.ly/1BDAvXa

no surveys, no scams, just the full game!
The screens of this unique entertainment program present to you a series of caps, which appear in different ways depending on the objectives of each level.
For me, it's the best game ever.

Answer 8

Here is a good page to learn investing online for the first time:
http://www.best-stock-trading-systems.com/internet_stock_investing.html

Answer 9

You can open your demat a/c with ICICI bank .This a/c is an online A/c ,so, you can operate it through internet.you can search in this a/c that in which co.'s shares you should invest . if you really want to open it then contact me at 9868970570. I can help you to open this a/c , you should try it .

Answer 10

Hi, 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 you can get your answers in this website.

http://investing.sitesled.com/

Good Luck and Best Wishes!