about where to start. what to do. What is stocks? Any website i can go to to educate myself? Please tell me anything you know about stocks.
Thanks
2007-01-13 16:47:18 · 6 answers · asked by Diamond C. 3 in Business & Finance ➔ Investing
The previous posters have offered a number of good resources, and I strongly encourage your reading and educating yourself. However, your best source is a financial advisor or planner who can discuss your specific situation and design a plan that will best suit you. It is quite easy to find one who will help you at no cost. A referral from a trusted friend or relative usually works best.
2007-01-13 19:59:01 · answer #1 · answered by Rob D 5 · 0⤊ 0⤋
You can make or lose a lot of money in the stock market.
If you don't know anything about stocks, I suggest you invest into Mutual Funds. These are a group of stocks, usually 100 or more, that a financial company has bought and put together. Then they sell you a piece of the whole group.
The fund's managers keep track of the different stocks, so you don't have to worry as much about making a bad decision. The large number of stocks these funds have help keep you from losing money if one stock's price goes down.
I would suggest either a Growth or Growth & Income fund. Stay away from what is called Sector Funds, these are funds that invest into only one kind of business like utilitys or technology. Find a stock broker in your area, they can help you make a good decision as to which fund to buy, there are over 7000 funds.
2007-01-14 01:16:56 · answer #2 · answered by webb1socoolguy 3 · 0⤊ 0⤋
you seem like you need to understand about simple investing guide...not so much of buying stocks....
My suggestion is get a book like Investing for Dummies...You also can do a websearch on introduction to financial investments. If you are young take advantage of it and start doing your game plan on how you want to retire. Actually, that is one of the biggest ways rich people are rich and stay rich (it's not about your income level). Most of my clients are wealthy because they have us to plan their wealth in regards to taxes though we do handle Business Management clients.
There are many different investments you may want to make, which is all dependant upon your spending habits, income, and etc. I worked at Goldman Sachs (the Neimun Marcus of all financial firms). The clients all had different needs and different styles of investing. My investor right now....doesn't buy and sell stocks for me all day because I don't want to take that much of a risk. If I were a client of Goldman Sachs (your networth has to at least be 5 million but then they might reject you as a client if they don't feel that you are an asset) then yes I would be ok with taking those serious financial risks.
Please take your time to really getting your ducks in a row and educate yourself on differences in investing: money markets, 401K, buying and selling shares, what types of shares, which investments are suited for your financial risk, establishing your portoilio and etc.
2007-01-14 01:06:32 · answer #3 · answered by mailjunkie123 3 · 0⤊ 0⤋
You can read quite a lot at :
http://moneycentral.msn.com/beginnerguide.asp?page=introduction
...way down in the right-hand corner
Also at http://finance.yahoo.com
2007-01-14 01:17:09 · answer #4 · answered by jebediabartlett 6 · 0⤊ 0⤋
You need to open a brokerage account.
2007-01-14 04:04:00 · answer #5 · answered by Anonymous · 0⤊ 1⤋
http://www.morningstar.com go to personal finance then student handbook.
2007-01-14 00:52:52 · answer #6 · answered by Anonymous · 0⤊ 0⤋