1) First register with a stock broker. If you do not know any, ask at your bank.
2) Then ask that broker what are his charges. There is no minimum investment, but there is a minimum charge and so investments below say, £1000 or $2000 tend to be rather expensive. Tell the broker you want a certificate a/c, not a nominee a/c. This means the broker will send you a certificate for the shares.
3) As you are an absolute beginner invest in the shares of a good bank, like Bank of America, or Citibank or HSBC. You will have safety and some income, from day one. Good luck
2006-12-13 05:01:26
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answer #1
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answered by Anonymous
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If you want to get your feet wet in the stock market start with something that is very safe. Don't look for a deep discount broker start with a large broker house where you can as your broker question. Yes you will be paying higher commissions but you will be getting your question answered and gaining knowledge along the way. By the way I still use a large Brokerage House but the number of trades and the size of my account my commissions are down to $8 a trade.
Now what to look for for your first trade, look for a good sound company. Then your homework begins look to see if they pay a dividend that is a plus. See if the dividend is consistence the same every dividend period going back 2-3 years. See if the dividend is increasing. All of this things are a plus in a good company and would make a good first investment over the long term. If you are having problems finding a good first stock ask you broker for some help and have him point you in the right direction, don't have him pick your stock for you. He might mention a stock that has paid dividends for the last 40 quarters
but ask him to show you look for a list of that type of stock.
I did not mention brokers or stocks by name here for a reason, I did not want to point you in one direction, go out and look for a friendly broker that will help you and then find that first good stock. Its a good feeling six month down the road.
2006-12-13 00:37:02
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answer #2
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answered by chuck m 2
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Ehm..
Penny stocks, also known as cent stocks in some countries, are common shares of small public companies that trade at low prices per share. They are notoriously risky but if you follow a special method I've learned you can earn good money at almost no risk. This is the site I use: http://pennystocks.toptips.org
I definitely recommend subscribing to this site in particular. Very good research, quality stocks. I was a bit weary of penny stocks from all the bad hype they receive but this guy is pretty legit. He's put my mind at ease with a lot of the fears I've had. I especially like that he doesn't send out announcements left and right. I've signed up for other websites that fill my in-box with one company after the other. I don't know where to even start with so many choices in front of me! Nathan sends me one idea a week and that's all I need. Working so many hours during the week leaves me with very little time when I get home to start doing tons of penny stock research. I'm always eager to see what Nathan's next suggestion is each Friday and I love having time on the weekend to do my research.
As said above if you want to make money with penny stocks you have to follow some proven methods. This one in my opinion is the best: http://pennystocks.toptips.org
Cheers.
2014-09-22 08:51:38
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answer #3
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answered by Anonymous
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Open an account at Scottrade and buy FPL, Florida Power and Light, our nation's largest operator of wind farms, and a very profitable electric utility. Read "The Little Book that Beats the Market".
Also, see what the best investors are buying and selling at 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. There is also a charting feature , so you can see how your portfolio performs compared to the S&P 500.
Here are this month's best traders:
http://www.top10traders.com/Top10Standings.aspx
Good luck.
2006-12-13 12:20:07
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answer #4
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answered by Anonymous
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Penny stocks are loosely categorized companies with share prices of below $5 and with market caps of under $200 million. They are sometimes referred to as "the slot machines of the equity market" because of the money involved. There may be a good place for penny stocks in the portfolio of an experienced, advanced investor, however, if you follow this guide you will learn the most efficient strategies https://tr.im/e3f14
2015-01-25 00:48:59
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answer #5
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answered by Anonymous
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The best strategy is to learn some of the basics of investing for yourself. Buy a beginners book on investing, and learn from that. Then you can make educated decisions about your investing, and you are less likely to lose money on bad investments.
2006-12-12 22:56:31
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answer #6
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answered by Michael T 5
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Best place to Begin is with a 401(k) retirement plan at work, and you must, must , sign up. There are tax advantages and possibly company matched money.
A key element of investment success is time. The best way to build assets is to harness the power of compounding, and that power grows with every year it is allowed to operate.
In any investment you choose there are two things to look at: fees and interest rates. No fees are better than fees, and interest is better than no interest, and higher interest is better than lower interest. ect
2006-12-12 23:03:47
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answer #7
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answered by T b 1
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2017-03-01 08:18:28
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answer #8
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answered by ? 3
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Do you want to start your own cfd on stock trading?
I know on Austrian company that allows to trad from the same trading account 500 instruments including forex currencies pairs; spread from 1 pip.
If you are interesting then pm or e-mail me and I provide you with the information
2006-12-12 23:01:19
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answer #9
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answered by VP 3
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