How can a college student get started in investing and the stockmarket the "right" way?

Question

What I mean by right way is the intelligent way - I want to do research and will read books...I just do not know which books are best for me. I am a 19 year old female and want to make educated investments. At this time, I cannot afford a stockbroker or any type of financial advisor....but I am committed to learning and investing my money wisely....any tips would be greatly appreciated. Thank you.

Answer 1

Don't take advice from somebody who is not successful at investing in stocks...there are virtual stock games that you can get that will set you up in a play format...as suggested use these pretend money games until you find that you are doing well then only invest real money that you can afford to lose.

Again listen to the experts...

I did one of these virtual games and pretended that I had $1,000 to start with and before a month was over I had a play bank acct. of $10,000+! It got so that I was shaking every time I played the stock game because I was so afraid that I would start playing for real money...scary...I had to quit but I learned a secret about investing...if you want more information just click on our picture and email us...

Answer 2

The ONLY way is to jump in FEET FIRST. By that I mean start out small, only what you can afford to LOSE. Yes, you can read books and look up websites but actually doing it is the best teacher.

By the way does your college have a stock investment course? Usually they're taught by stockbrokers (by day) and if you like them you can use THEM. They know you're a beginner and start you out conservative.

You're smart to do your homework in investing but keep in mind everybody--even the most successful investors on the planet take a loss once in a while. Treat it as a learning experience and don't look back. Good Luck.

Answer 3

My suggestion is to take companies that you know and "pretend" you are investing. Track your investments over a period of 6 months to see how you actually did. If you do well, start investing slowly. At your age the best thing to do is to play it easy and not to take any risks because you need your money. I learned the hard way :)

Answer 4

I agree with the tip of investing play money.

However your actual funds should be in a low cost mutual fund that tracks an index. If you need it for school, it should be invested in a stable account.

Once you get your mutual fund over 20k, you can think about individual stocks.

Motley fool is a good source of info.

Answer 5

First, you need to know that you cannot be always "right" about the market all the time. Even the professionals sometimes get it wrong. Second, you need to know about youself. What are your characteristics? Are you the steady or easily panic type? Do you have patience or not? Stay away if you are the latter. Chances are you will lose your money. For newbies, my advice is stay with blue-chips and review your holdings quarterly.

Answer 6

ebooks PPT on 4shered.com

buy & hold good stock 4 longterm

use technical charts 4 buying

use aptistock freeware

also trade in commodity gold oil etc

Answer 7

hello,I was in your situation - than I 've found http://4xgenie.com - you don't need to read plenty of books,spend hours of learning and watching markets. their service (btw.its so affortable,and if you will use MSMS555 code when signing up,you'll get 3 free weeks trial without even using credit card) will do it for you.so good luck.

Answer 8

www.thestreet.com and the motleyfool.com are 2 of the best places to get the information you seek.

Answer 9

Focus on your studies.