I do not have any idea about stocks and shares so where do start from so that my money works as hard as me.
2007-01-01 18:45:52 · 10 answers · asked by beeZbee 1 in Business & Finance ➔ Investing
Try an on-line discount investment service, such as Etrade or ScottTrade. Read as much as you can on these services and also in your library, then start playing. Never spend more that you can afford to lose.
2007-01-01 18:55:36 · answer #1 · answered by mattmedfet 3 · 0⤊ 0⤋
For most people except the very wealthy, investing in mutual funds is the way to go. Investing in stocks on your own involves too great of a transaction cost, and a mutual fund will invest in a lot of different stocks so you don't put all your eggs into one basket. That's called diversification. You can further diversify by investing in more than one mutual fund, providing that you invest in funds that invest in different sorts of things from each other.
2007-01-02 03:00:20 · answer #2 · answered by Anonymous · 0⤊ 0⤋
Have you considered trading in FOREX (international currency exchange) instead of stocks?
With Stock trading with $500 to start with, you can trade on one stock out of 10,000 possible choices and if it goes up by pennies you make a little money but you pay trade commissions.
In forex, the same $500.00 lets you trade $50,000 worth of currency and only 5 major currency pairs to choose from and no trading commissions.
I am making about 20% per month trading forex. There is even software available that does all the trading for you and allows you to collect the profits even when your not there. You can even try it free for a month before you risk a cent of your own money.
For more information go to www.huttoinvestmentgroup.com and check it out.
2007-01-02 12:31:22 · answer #3 · answered by Robert L 2 · 0⤊ 0⤋
Personally, investing in stocks is good when you know what your doing. The amount of time and stress involved just doesn't payoff sometimes. Researching is a key factor, if you do your research you'll be one step ahead. If you have any questions e-mail me I know of a few websites that will teach you everything you need to know when it comes to trading!
2007-01-02 03:31:04 · answer #4 · answered by Yasser B 1 · 0⤊ 0⤋
Some ideas would be to look for a traveling investment club (in which you don't pool your money) in your area and/or read some books about investing. I would then practice investing with a portfolio simulator or on paper.
2007-01-02 03:06:01 · answer #5 · answered by Anonymous · 0⤊ 0⤋
Stocks are risky
You may lose money
If you still want to try stocks, open an account in a mutual fund
2007-01-02 02:49:43 · answer #6 · answered by Classy 7 · 0⤊ 0⤋
Open a Schwab One account with Charles Schwab and they will give you some advice.
2007-01-02 02:57:29 · answer #7 · answered by fatsausage 7 · 0⤊ 0⤋
Start at the beginning.
2007-01-02 07:38:51 · answer #8 · answered by Anonymous · 0⤊ 0⤋
Scottrade.
2007-01-02 14:10:28 · answer #9 · answered by Anonymous · 0⤊ 1⤋
cornerstone investment club
a good place to learn for free
2007-01-02 02:49:56 · answer #10 · answered by tom4bucs 7 · 0⤊ 0⤋