2006-12-11 02:41:47 · 10 answers · asked by Dairen S 1 in Business & Finance ➔ Investing
You need to obtain a little background invormation first. Go to your library or book store and get a copy of "Investing for Dummies". It is a very good introductory text that should answer most of your questions. Afterwards return here and ask any questions you still have.
2006-12-11 03:37:24 · answer #1 · answered by Anonymous · 0⤊ 0⤋
I have looked at all the answers you have received so far and they don't make any sense. If you are a first time investor and you do not have any knowledge of the stock market then you must invest in a mutual fund.This is the best way to let your money grow. Call Vanguard they are very good and have many funds to choose from. They do all the work for you and you don't have to pay a commission. It takes $3000 to start in most of their funds and the Star Fund is only $1000 this fund invest in other Vanguard funds. You need to do this until you know more about investing.
2006-12-11 06:16:20 · answer #2 · answered by ? 6 · 0⤊ 0⤋
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:
1. The first thing you need is a brokerage account. Brokerage account comes in two forms, a full service or discount brokerage. The full service brokerage will charge you more for their services. These large brokerages are companies such as Citigroup/Smith Barney and Merrill Lynch of the world. Again, the full service brokerage provides more services so they will charge you more.
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2006-12-11 04:35:22 · answer #3 · answered by Anonymous · 0⤊ 0⤋
dear friend, the best way to invest (specially if you are fist time investor) is here - http://4xgenie.com . Im suprise people have not found it out earlier. What a smart idea it was. When signing up as a new member you have to use a code - MSMS555.good luck.
2006-12-11 04:51:50 · answer #4 · answered by sil 3 · 0⤊ 0⤋
The most important thing is diversification. The more diversified your portfolio is the lower the risk.
The second most important thing is to invest for the long run and not to look at your portfolio every second.
2006-12-11 04:53:05 · answer #5 · answered by 220V Guy 1 · 0⤊ 0⤋
Bank of America has a new option where you can buy and sell stocks online (30 trades a month) at no extra charge - all you need is at least $25,000 in all your combined bank accounts.
https://www.baisidirect.com/Static/SelfDirected/index.html
2006-12-11 03:23:31 · answer #6 · answered by Tawani 3 · 0⤊ 0⤋
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2006-12-11 03:06:14 · answer #7 · answered by dinu_pawar 5 · 0⤊ 1⤋
Scottrade.
2006-12-11 07:56:27 · answer #8 · answered by Anonymous · 0⤊ 1⤋
try your luck by getting touch with a stockbroker,
2006-12-11 02:50:11 · answer #9 · answered by maria fkun 4 · 0⤊ 0⤋
I would advise money.... I tried trading my mother for a few shares of microsoft once,. and no deal....*shrug*
2006-12-11 02:49:16 · answer #10 · answered by Z 5 · 0⤊ 1⤋