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2006-12-11 08:47:06 · 4 answers · asked by joe o 1 in Business & Finance Investing

4 answers

http://www.sharebuilder.com

YOU! :)

Go to your favorite book store, buy a copy of Peter Lynch's book "One up on Wall Street", it is old but EXTREMELY good, and fun to read, THEN do some research at Yahoo Finance on companies YOU like, but also look at the balance sheet to make sure that are not too much in debt (compare TOTAL assets to TOTAL liabilities) they need to be able to pay the bills if they hypothetically closed the doors tomorrow! :)

Also look at other factors/indicators like the P/E, it should not be below 12 or above 25 in my opinion, AND see if they are paying a dividend, as income is good in a stock pick, you can reinvest the dividends to further help compound the growth of your stock pick or investment! :)

ShareBuilder.com is a HANDS ON investment tool, where YOU pick your own stocks and invest as little or as much as YOU want WHEN you want! Have fun, and plan for the LONG term when you invest, don't try to buy something and sell it in a few weeks or days, you WILL lose! You need to think in terms of YEARS! :)

2006-12-11 08:56:50 · answer #1 · answered by Life after 45 6 · 0 0

Don't use a full-service (or even discount) brokerage. Most brokers are not good investors, and not rich - why take advice from a poor person just doing a job? Brokers with good advice quit and move to mutual funds, hedge funds, or investment banking, where they make ten times as much.

Instead, sign up with a direct-access broker (for example, MB Trading), which generally offer trades for $0.01 per share. Yes, a penny a share, with no strings attached.

Then you do your own research, through books, the Internet, etc. Most highly paid, highly trained mutual funds managers perform worse than a monkey throwing darts (that is, totally random, or an index). Why pay a broker or a manger to underperform?

I agree you should start with the Peter Lynch books. Even he, a former mutual fund manager, said the average person has many advantages over a professional mutual fund manager. Brokers have worse incentives, incidentally, as all they care about is your commissions.

2006-12-11 18:36:47 · answer #2 · answered by Anonymous · 0 0

Yes, the best stocker I ever had as it turned out was myself. I stopped paying their high commissions and took matters into my own hands. See http://ibooyah.com for investment ideas.

2006-12-11 17:44:10 · answer #3 · answered by Anonymous · 0 0

Yeah... ME!!!

2006-12-11 17:08:44 · answer #4 · answered by MR MONEY 3 · 0 0

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