how do i go about buying shares?

Question

i have some money and also i am on good pay, i would like to start buying shares for the furture?
i understand the risks in it, i have done some reading up?
i have a good saving plans, just fancyed entering the share race?

Answer 1

Richard E gave you the right answer, you don't. Not before you have thoroughly educated your self on the subject. Once you have done that you will no longer be ignorant about how you actually go about speculating is stocks.

Answer 2

Open a brokerage account
Deposit money from your pay check automatically
Diversify your investments by investment in Mutual funds, bonds, stocks, CD's, Cash, REIT's, ETF's, INdex Funds, Fixed Income, etc
Read SmartMoney, Money, Kiplinger, Magazines
Watch out and avoid fees

1. Have a plan and a time horizon with goals. Career, Car, House, 2nd home(Retreat House or Time Share), Retirement, College -- Invest for the Long Term! Time & your Health are your biggest assets! Aim to retire at age 55. But you must have a purpose, work makes you healthy!
2. Most important benefit of your job-career is TIME “off”!
3. Do not follow the crowd. (Everyone is buying Yahoo, Cisco, Google—I should too!). When the market crashes, corrects and no one will buy stocks BUY! 1987, 2001. In 2003, Oracle, Ford ($6.58), Barnes & Noble ($1.00) were cheap. Watch out for trends and fads. On May 7, 2004 Crispy Crèmes dropped $10 (100 shares = $1000) in one day because the public was on a low carbohydrate fad from the Atkins Diet. When Vioxx was recalled in 2004; Merck dropped $15 in 1 day.
4. Buy low, keep. Do not put all your eggs in one sector—diversify! Only buy about 5 mutual funds, about 10 stocks. Here are just the sectors to diversify in http://www.ashkon.com/stocksectorindustries.html.
5. Only buy ‘A’ rated 4-5 Star that pay dividends, no fee, low expense, no or low annual fees, no 12b, no front end charge, no back end fees. Look for a up history of more than 10 years
6. Reinvest all dividends back into Stock that pay dividends. Blue Chips with long history like Anheuser, WRE, Duke, Southern, Abbott. Be careful of the next AT&T bought out by Cingular in 2005. Enron was on the “Buy” list on Yahoo even after they declared bankruptcy. Warnings are there -- if you look!
7. Do not trust anyone, chat boards, analysts, and the “experts” “Mortgage your house, now is the time to invest in the stock market” Never accept cold calls. “I’ve got 5,000 shares of a penny stock—next week it will be $10/share.

Answer 3

basically there are two ways to buy shares....the safest and best way is to just put money each month into a mutual fund and let the mutual fund company invest your money into the shares they believe to be good for you. believe me they know way more about investing than you do.......you don't really have to know anything about investing, all you have to do is give them your money and they will charge you a very small fee and you are on your way.........another way to invest is to actually buy shares in an individual company. there are thousands of companies out there to buy shares in....you can set up an online account through scottrade and they charge you $7 a trade, buy or sell, but when you do this no one will help you pick the stock to buy and tell you when to buy and sell, and if you do not know what you are doing, chances are you will just lose all of your money. this is very hard to do, it is hard to do even when you think you know what you are doing. I hope this helps....do yourself a big favor and call vanguard.

Answer 4

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/c8109

Answer 5

Buy shares i no-load index fund, such as those sold by TIAA-CREF until you thoroughly understand how stocks work.

Then get a free account with a discount broker, such as Scottrade or e-trade and buy and sell the stocks you think will cause you to prosper in at least 100-share lots.

You will find it difficult to do much better than the S&P 500 with anything more complicated than no load mutual funds unless you are really really god at picking stocks and the proper moment to buy (when they are cheap) and sell (when they are as high as they will get).

See morningstar university. It's very helpful, and free.

Answer 6

well first of all you need to research what companies you want to invest in - for example - try looking at the stock you want decide how much you want to invest excluding broker fees - then for one week keep an eye one the stocks and see if it goes up or down - then evaluate if it is worth buying - for e.g if it goes down but has history of going up straight afterwards then buy - you can go to this site which is all about penny stocks - for all stocks that start off trading under $5 dollars - clink on this link and this will help you alot and tell you all about penny stocks
http://members.pennystocks.com/referral/6d659b53

Answer 7

You can open a stock brokerage account, or you can deal directly with companies that pay dividends. I like these websites: www.fool.com, www.dripinvestor.com, www.moneypaper.com. You can also find an investment club, where you research stocks together and learn how to make investments. I really enjoyed doing that. Go to www.better-investing.org to find a club near you.

Answer 8

Scottrade.