do you need to buy an online membership?
do you need to hire an adviser?
cant i just buy some stocks?
whats the best advise for a novice?
i dont want to buy one a week for live, or a minum of 15, or monthly charges that cost more than its worth.
2006-12-06 02:50:11 · 5 answers · asked by ktlove 4 in Business & Finance ➔ Investing
Maybe you should consider reading Stock Investing for Dummies. Investing stocks takes a good amount of time trying to find a stock to invest in and get a return on selling it back. http://www.walmart.com/catalog/product.do?product_id=4052127
http://www.walmart.com/catalog/product.do?product_id=5346317
There's no one good stock to invest in. Stocks will rise and fall. You just have to know when to buy and when to sell. Research about companies like Ameritrade before joining.
2006-12-06 03:05:05 · answer #1 · answered by Soggy Waffles 5 · 0⤊ 0⤋
I have an account with Scottrade. They charge $7 per trade, a tad bit more to discourage me when I buy OTC or "penny" stocks, when I trade for myself online. They only required $500 minimum when I started. There is no monthly charges unless I rent the special browser trading program with all its bells and whistles (which I don't). Another option, which I recommended to a friend because it fit his situation was sharebuilder. Check them out. Good luck.
2006-12-06 03:16:36 · answer #2 · answered by Rabbit 7 · 0⤊ 0⤋
If you are a novice, stay away form individual stocks. The fluctuate in value alot. If you wantto learn about the market and make some money, invest in mutual funds with a long term track record.
2006-12-06 04:17:41 · answer #3 · answered by MR MONEY 3 · 0⤊ 0⤋
there are several ways to buy stocks. the two most popular are through a broker (most likely through your bank or through brokerage corporation) or by yourself through an on-line brokerage like e*trade.
you do not need to hire an adviser. advisers are there to help you and give you advice on your financial needs and decisions, but they are not necessary. if you feel comfortable doing this on your own, then go for it.
the best advice for a novice is read, read, read. read up on your options, read up on the different types of investments, read up on commission charges for different brokerages, etc. you can never have too much information in your head.
2006-12-06 03:18:57 · answer #4 · answered by sevasxes 4 · 0⤊ 0⤋
Just need $$. Got to schwab.com & open an acct & start. Nothing to know at all. No advisor needed though schwab can help you. Can buy or sell whenever you want but invest - don't speculate. ADX PEO IAU EWA EFA + index mutual funds. Fell free to e-mail through answers if more qs. Start now!
2006-12-06 04:23:34 · answer #5 · answered by vegas_iwish 5 · 0⤊ 0⤋