2007-01-16 17:27:07 · 10 answers · asked by socaljaypee 1 in Business & Finance ➔ Investing
personal finance for dummies!
2007-01-16 17:30:39 · answer #1 · answered by Anonymous · 0⤊ 1⤋
I think the best way to learn about the stock market is to first see what the best traders are buying and selling and why. This is the idea behind the site http://www.top10traders.com - this is a free site that lets you create a portfolio of stocks with $100,000 in "play" money. Each day the site ranks the best performing portfolios, so you can see how your picks perform compared to other investors. You can also read posts on investing from the best traders, as well as share your own investing ideas. There is also a charting feature , so you can see how your portfolio performs compared to the S&P 500.
Here are this month's best traders:
http://www.top10traders.com/Top10Standings.aspx
Good luck.
2007-01-17 21:50:57 · answer #2 · answered by Anonymous · 0⤊ 0⤋
Start taking investment classes, do your own reading, talk to people who would be will to help you, watch financial TV shows like Cramer on "Mad Money", follow the stock market by tracking 1 or 2 stocks.
It's a big field that no one can be an expert in all aspect. So just dive in and see where your interests take you.
2007-01-17 03:07:44 · answer #3 · answered by HOTSAM329 2 · 0⤊ 0⤋
Try joining an investment club. They'll teach you how to research, and you'll make decisions together. See www.better-investing.org. You can often get in for just $50 a month, more or less, you learn a lot, and you're a part owner of a lot of stocks. Or try reading anything by the guys who write www.fool.com (they have books out).
2007-01-17 03:25:41 · answer #4 · answered by Katherine W 7 · 0⤊ 0⤋
WAY WAY WAY TO MUCH INFO....personally i would get a book and invest in the knowledge of stock markets instead of investing without knowledge which is stupidity.
2007-01-17 01:30:49 · answer #5 · answered by jakked kim 1 · 0⤊ 0⤋
Instead of stocks, you should try prosper.com. But only invest in loans with a credit rating of C or better and a DIT of less than 20%. I have had tremendous success with Prosper. Good Luck!
2007-01-17 09:40:12 · answer #6 · answered by steffers4979 4 · 0⤊ 0⤋
get a book for 1k or less anymore use a financial advisor thats like winning the lotto for 20mill and not investing
2007-01-17 02:43:04 · answer #7 · answered by Anonymous · 0⤊ 0⤋
Increase your financial literacy through books and courses.
2007-01-17 02:25:47 · answer #8 · answered by Dang 3 · 0⤊ 0⤋
Open a brokerage account at SogoInvest.
2007-01-17 03:51:37 · answer #9 · answered by Anonymous · 0⤊ 1⤋
try this
http://www.fool.com/
http://www.investopedia.com/
2007-01-17 02:13:24 · answer #10 · answered by Anonymous · 0⤊ 0⤋