I would like to know how you start to invest or play the stock market? I was thinking on researching before i put my money into anything.
2006-12-15 10:24:33 · 7 answers · asked by whijess03 3 in Business & Finance ➔ Personal Finance
If your company has a retirement or 401K plan start there. Usually the company will match what you contribute, so say you put away $1,000 a year and the company match is 5%, they will contribute $50.00. It doesn't sound like much but if you do this every year, you have the magic of compounding on that investment. If you can, put the maximum away in the sponsored plan because you won't have to pay income tax on that money and the percent contribution will be larger.
2006-12-21 11:29:21 · answer #1 · answered by kate c 1 · 1⤊ 0⤋
The best program to make income fast is http://tinyurl.com/ylkczs
if you don't have the money for that program yet then you should learn to invest. virtualstockexchange.com is a FREE site where you can practice real stocks with imaginary money.
When you get the hang of it:
Sharebuilder.com is the best place for you to start if you want to do stocks. Many mutual funds can accept monthly investment plans, and some will allow you to start with as little as $50.
If you pick a basic mutual fund, you're probably as safe there as anywhere. It won't be a world-beater, but it will be a great place to start until you build up your dollars.
2006-12-19 11:39:33 · answer #2 · answered by Anonymous · 0⤊ 1⤋
You're 100% right to do your research first. Start with mutual funds. Be aware that most people who "play the market" lose. Make sensible long-term investments and prosper. It's not a get rich quick thing.
2006-12-16 01:07:22 · answer #3 · answered by Big R 6 · 0⤊ 1⤋
Open and online discount broker account (Scotttrade, Etrade whatever) and be very careful. When I started I lost my shirt and stock simulation trading is much different than using your own money. It will fool you! I only like big name stocks with very good earnings and avoid penny and little stocks like the plague.
2006-12-15 18:37:52 · answer #4 · answered by mikearion 4 · 0⤊ 1⤋
the good way to start is http://4xgenie.com - use MSMS555 code when signing up as a new memeber, you'll get free trial,you dont need credit card.The most importantly this type of investment is profitable . so good luck!
2006-12-15 22:42:05 · answer #5 · answered by sil 3 · 0⤊ 1⤋
You can start by playing in
www.virtualstockexchange.com
this is a good simulation and a good practice tool before playing with your own money.
Good luck!
2006-12-15 18:28:09 · answer #6 · answered by rmijares 2 · 1⤊ 1⤋
best thing to do is put your money in a savings account then forget about it being there.
2006-12-20 19:46:22 · answer #7 · answered by david_strickland31 3 · 0⤊ 0⤋