I have no idea of how to start. Where do I go? Is it online? What is a good company to buy? I work at McDonalds by the way..if that matters. Oh, and I have about $500.
2007-01-08 14:09:41 · 14 answers · asked by morethanitseems 2 in Entertainment & Music ➔ Polls & Surveys
Find a stock broker. Then kiss your $500 goodbye.
They prey on people just starting and protect the 'big fish' that will make them more money.
Honestly, you won't get quality advice.
I admire your drive though, especially at your young age.
2007-01-08 14:17:58 · answer #1 · answered by Anonymous · 0⤊ 0⤋
1
2017-01-22 12:48:02 · answer #2 · answered by ? 4 · 0⤊ 0⤋
There are financial companies located in your vicinity. Look in your phone book (Yellow Pages under stock and bond brokers). Pick a reputable one and discuss your investment with them, explaining that you want something safe starting out. They will be glad to assist you and explain how it all works. You need to get a book to write all your information down. File all the paperwork they give you to help you keep record. Safer are CD's (you buy those at the bank). Although I have not done this - I know people who do. It is possible to become a wealthy man doing this. But the biggest thing is that you need to follow your investments & know what is going on at all times. Sometimes CD's mature - if rate is too low you want to take it out then. And put it in a better place - that's how you make your money.
2007-01-08 14:18:47 · answer #3 · answered by seblexie 3 · 0⤊ 0⤋
paper trade, dont buy any stocks now. To make any money in the stock market you need to know it, pick a stock and follow it. Pretend you bought $500 worth of stocks and watch and see how your investment would have gone. Choose a easy stock first something you can follow and as you get more confident move on to more unknown stocks.
It always helps to have someone who knows a bit about the market first.
checkout www.asx.com.?? that is my australian site yours might be a different though along the same lines
and good luck
2007-01-08 14:17:44 · answer #4 · answered by lukeee 3 · 0⤊ 0⤋
check out etrade.com
Consider companies that you are aware of or whose products you love. Then research and compare with their competitors. Should also consider mutual funds where you buy a fund that invests in multiple stocks of different companies. Read up before you jump in.
2007-01-08 14:16:07 · answer #5 · answered by Ladeeda 2 · 0⤊ 0⤋
You need money and smarts. Stocks is no joke, you have to know what you're doing so you can make some money, if you don't do your research you'll lose everything. Also, making money takes time, it won't happen over night.
2007-01-08 14:13:36 · answer #6 · answered by Anonymous · 0⤊ 0⤋
Altamira
2007-01-08 14:12:42 · answer #7 · answered by vicki m 3 · 0⤊ 0⤋
hook up with the economics teachers at your school, they will probably be able to give you very good information without the bullshit that flies around here.
2007-01-08 14:15:32 · answer #8 · answered by Mastronaut 3 · 0⤊ 0⤋
Try Enron.
2007-01-08 14:12:10 · answer #9 · answered by Anonymous · 0⤊ 1⤋
u can get gewd deals on socks at target. oh ... stocks-sorry. no good there
2007-01-08 14:13:23 · answer #10 · answered by BlackMetalGhost 2 · 1⤊ 1⤋