2006-12-04 07:50:30 · 17 answers · asked by chuka e 1 in Business & Finance ➔ Investing
There are plenty of places that will let you open a retirement account with as little as a few hundred dollars and then make regular contributions. If you can not free up even that amount than you are truly in dire straights and may wish to consider another job/profession.
2006-12-04 07:53:40 · answer #1 · answered by DJL2 3 · 1⤊ 0⤋
I think the best way to learn about the stock market is to first see what the best traders are buying and selling and why. This is the idea behind the site http://www.top10traders.com - this is a free site that lets you create a portfolio of stocks with $100,000 in "play" money. Each day the site ranks the best performing portfolios, so you can see how your picks perform compared to other investors. You can also read posts on investing from the best traders, as well as share your own investing ideas.
Here are this month's best traders:
http://www.top10traders.com/Top10Standings.aspx
Good luck.
2006-12-04 15:11:05 · answer #2 · answered by Anonymous · 0⤊ 0⤋
start small... if you have a job... good. put some in IRA or 401K at work. Otherwise try sharebuilder @ $4.00 per transaction.. start small like a fixed monthly contribution of $50 to $100 a month to a fund or stock. Do this consistently for the next 5 years.. and you will have a small/decent savings. Good luck
2006-12-04 08:42:43 · answer #3 · answered by JNC 2 · 2⤊ 0⤋
Getting started: step by step
While this subject may seem trivial to most experienced investors, I often hear people asking what they need to do in order to start trading stocks. If you are new to the stock market or are just wondering how to get started, here is what you will need to do:
continue reading at http://ibooyah.com
2006-12-04 08:13:02 · answer #4 · answered by buklao 3 · 0⤊ 0⤋
When I was 24 I had a husband in college and a child. My neighbor was a very smart and well off lady. She told me to start buying one or two shares a month of things I liked or thought someone else would . I bought 4 shares of Union Carbide at aprox 82.00, I kept doing that along with Hershey's and Johnson and Johnson. I put my two son's thru college 6 years each with that investment. And remember I would never have known unless I asked.
2006-12-04 07:58:08 · answer #5 · answered by Conrey 5 · 2⤊ 0⤋
Open an IRA account and contribute as much as you can (up to the legal limit) each year. Invest in mutual funds. You will build up your wealth in about 10 years. The longer you build, the more wealthy you will be.
2006-12-04 09:59:02 · answer #6 · answered by koko 2 · 0⤊ 0⤋
you could get some more money.You ever here of working?You know like a job.You could go to collage and get a career.But if you want to step up and play with the big boys you will need some money.Other option is when you start to invest invest in sin stocks and oil and electric companys,sin stocks are things that people are addicted to,here are the big four sins ALCOHOL TOBACCO GAMBLING AND PORN.
2006-12-04 08:59:27 · answer #7 · answered by Anonymous · 1⤊ 0⤋
Try sharebuilder.com, they let you invest as little as you want on a weekly or monthly bases. You do not have to purchase whole shares and the cost per purchase is only $4.00. They do not even charge you to transfer money from your bank to your sharebuilder account.
2006-12-04 10:28:24 · answer #8 · answered by Anonymous · 0⤊ 0⤋
Just read about the Latte Factor by David Bach and learn how to control your financial life. Don't pay interest, it will kill you on the long run.
2006-12-04 14:49:01 · answer #9 · answered by TonyMR 2 · 0⤊ 0⤋
Tell me about your background and interests. What niche of the stock market interests you the most?
2006-12-04 07:55:20 · answer #10 · answered by Anonymous · 0⤊ 1⤋