Pretty much I do not know anything about doing stocks or investing and want to get into it a little bit to start out, and then gradually get more money and time involved. Can someone tell me how to start doing this? Is there any sites for people like me?
2007-01-17 16:56:41 · 8 answers · asked by deftonehead778 4 in Business & Finance ➔ Investing
Start with mutual funds. If you have $1k, I'd suggest opening an account at Vanguard.com and investing in the STAR fund. You can then add at least $100 at a time ongoing.
If that is too much to start with, T. Rowe Price has a program that allows you to start with $50 and then set up $50 recurring investments.
In the mean time, read. There are 2 books listed as must read in the resources/books page on the link below. I'd recommend reading them both.
Good luck!
http://www.personalfinance101.org/?utm_source=YH&utm_medium=link
2007-01-18 09:28:34 · answer #1 · answered by personal_finance_101 3 · 1⤊ 0⤋
I'm in Australia so your situation will be different. I've always found property to be the best investment over the long term. GOOD property, in good neighbourhoods, with amenities nice and close and within 10 miles of the capital city. (maybe more depending on which capital city - our Australian capital cities are possibly alot smaller than some of the US cities). The property should be cash flow positive (ie: the rent pays for the mortgage) and you need to really know and trust your rental agent. Buy a property every year if you can, they keep going up in value if you've chosen the right spot. There's plenty of affordable properties around if you do your research. I'd suggest you start where I did - subscribe to a property investment magazine.
2007-01-18 02:17:37 · answer #2 · answered by sandi_ccc 2 · 0⤊ 0⤋
You can start with investing in a blue chip stock or some funds. Read financial news every day from newspaper and the internet. Attend some investment seminars. Then you may be interested in trading it yourself later after a year or 2.
The most important step is to experience losing some money and learn to control your emotions.
People make mistakes, and repeat the same mistakes, out of greed.
This is one of many sites I go to: http://money.cnn.com/data/markets/dow/
^_^ good luck
2007-01-18 04:02:43 · answer #3 · answered by ◄Hercules► 6 · 0⤊ 0⤋
Go to investopedia.com and they have one of the world's best learning resource centre's online.
Also check out fool.com
marketocracy.com
and various blogs.
Read and learn. Be patient. It takes time. Start with investopedia's learning centre.
2007-01-18 20:43:25 · answer #4 · answered by ulchka 3 · 0⤊ 0⤋
I would recommend you to do Forex trading as it will give you fast returns
All the best,
http://money-review-site.com/investment.html
2007-01-18 15:34:26 · answer #5 · answered by Anonymous · 0⤊ 1⤋
TD Ameritrade (If you have at least $2,000.00 USD)
2007-01-18 21:09:46 · answer #6 · answered by Anonymous · 0⤊ 1⤋
Try www.nystockexc.com.
2007-01-18 17:07:42 · answer #7 · answered by Anonymous · 0⤊ 1⤋
las vegas could be a start
2007-01-18 01:00:21 · answer #8 · answered by lovephoto 5 · 0⤊ 3⤋