I'm making pretty good money and would like to try to deal with some stocks. Thanks. :)
2007-01-18 15:06:20 · 10 answers · asked by TheAllKnowingFizz 2 in Business & Finance ➔ Personal Finance
Open an account at a broker (i.e. E-Trade, Schwab, Scottrade). Deposit money into the account then you can buy and sell stocks, mutual funds, etc in the account. Most on-line brokers have some training on how to make trades.
As for the "How to make money at it" goes. Well, everyone claims to have the answer to that. You have many things to consider, i.e. how much risk you can accept, how much time you want to spend on it, and lots more. I think it's a continual learning process. You'll start paying more attention to the business news and state of the economy.
2007-01-18 16:11:20 · answer #1 · answered by nickscalero 2 · 0⤊ 0⤋
A great way to buy stocks is through mutual funds. The funds will do the research for you and you get a diversified account with a hundred different stocks.
Also, the fund is able to provide lower costs than buying many different individual stocks.
2007-01-18 15:17:00 · answer #2 · answered by MR MONEY 3 · 0⤊ 0⤋
Learning how to invest in stocks and doing it regularly is one of the best things you could ever do for yourself. IMO the best place to start is with a broad based index mutual fund such as those offered by Fidelity and Vanguard. Do your homework and call your own shots. It's a mistake to try to time the market. Make regular small investments and you should be loaded in a decade or so. You may want to start with a ROTH IRA. Great vehicle. There's lots of free info on Yahoo finance. Do a bit of research first. If you want to e-mail me with any questions feel free.
2007-01-20 22:17:05 · answer #3 · answered by Big R 6 · 0⤊ 0⤋
Don't. P-L-E-A-S-E do not! Unless you are a fully qualified broker. (But if you were, you wouldn't be asking us on Yahoo, huh?) If you hire a stock broker, he/she is guaranteed to make money off your transactions, but you won't make as much. There are just too many hidden taxes and charges. And, of course, the broker's fees. That "pretty good money" you are making? It won't look so pretty after the Stock Market beast has ripped into it.
2007-01-18 15:21:56 · answer #4 · answered by Anonymous · 0⤊ 1⤋
You can do one of those etrade things online or sign up for direct trade where you get softwares to make direct trade and pay big monthly fee. That direct trade thing let you make ton of trades and usually its for day traders. There are many different ones. Probably start like two or three hundred dollars a month.
2007-01-18 15:11:26 · answer #5 · answered by Anonymous · 0⤊ 0⤋
Buy the book "buying stocks without a broker" u will learn about stocks then once u can buy them on ur own u can go to one of the online sites... learn how fist.... that is how i did it.... its awesome...
2007-01-18 22:02:52 · answer #6 · answered by scubastieb@yahoo.com 2 · 0⤊ 0⤋
paying for inventory is common. making a living in inventory takes some paintings. in case you could desire to purchase inventory you could open an account with Etrade, Scottrade, or any of a number of online inventory paying for and merchandising businesses. while you're actually not experienced, you may desire to discover a financial consultant who can propose you what you particularly need to do. if your objective is to make some investments, then there are different issues to do earlier you dive into the inventory industry.
2016-10-07 09:21:51 · answer #7 · answered by ? 4 · 0⤊ 0⤋
Befor you go ahead, get more information. You can get more info. from Web sites and Stock Brockers.
2007-01-18 15:17:47 · answer #8 · answered by shane_manila2001 2 · 0⤊ 0⤋
For a decent beginner site to get started try sharebuilders.com or you can try scottrade.com has more options.
2007-01-18 15:12:57 · answer #9 · answered by Sara C 1 · 0⤊ 0⤋
I would recommend sharebuilder.com
Low fees, easy to use, great for beginners!
$4.00 per trade!
2007-01-18 15:12:43 · answer #10 · answered by traderb550 3 · 0⤊ 0⤋