could you point me in the direction of some FREE web-sites that help people understand the basics of the stock market?
thank!
2007-02-05 15:17:35 · 7 answers · asked by Anonymous in Business & Finance ➔ Investing
i don't think any site will tell you how to understand the basics of the stock market. all they provide is data about the stock. i would recommend one of the books i read " stock investing for dummies" lol
2007-02-05 15:41:37 · answer #1 · answered by berelane 2 · 0⤊ 1⤋
First, I would make sure you have at least 3 months salary saved up in the bank or in a money market fund for an emergency fund. (Some people say 6 months.) Financial disasters like getting layed off or sick happen to all of us.
Second, I would pay off all high interest debt. Pay off everything you can except the house mortgage and student loans. Paying off debt is one of the best investments you can make. You will have more money in the future because you won't have credit card bills to pay. (Depending on the rates, you may want to pay off the mortgage and student loans as well.)
Third, start investing in stocks, bonds, and money market funds. You want to buy a diversified portfolio of stocks, as individual stocks are too risky. For most folks this means buying mutual funds. I like Vanguard.com, other people like Fidelity, TIAA-CREF, and DFA. Buy no-load, low cost funds. If you are like most people you will invest part of your money conservatively, in money market funds and bond funds, and part aggressively in stock funds. Vanguard.com has an on-line questionnaire which will give you an idea how aggressive you want to be.
Investing in a mutual fund IRA for retirement may give you an income tax break. Talk to your tax adviser. You may also be able to invest in a stock mutual fund via a 401K plan at work. Buying a house instead of renting will make you a lot of money in the long run.
Believing advice you get on Yahoo answers can be risky, so read these websites for further information. If you find it too confusing, contact a professional financial advisor. They will charge you significant commissions, however.
Here are some useful sites:
https://flagship.vanguard.com/VGApp/hnw/planningeducation
http://finance.yahoo.com/funds
http://www.quatloos.com/asset_allocation_guide.html
http://www.dallasnews.com/sharedcontent/dws/bus/scottburns/columns/2007/vitindex.html
http://www.fool.com/school.htm?ref=G02A06
https://flagship.vanguard.com/VGApp/hnw/FundsInvQuestionnaire?cbdInitTransUrl=https%3A//flagship.vanguard.com/VGApp/hnw/planningeducation/education
2007-02-06 01:14:07 · answer #2 · answered by Anonymous · 0⤊ 0⤋
There are several websites out there that can help. I personally learned with the assistance of investopedia.com. They have a good glossary, learning tutorials and even a free practice account. Also, investorwords.com is just like a dictionary for financial terms if you just need to understand certain words.
2007-02-06 02:21:19 · answer #3 · answered by pepper_0713 2 · 1⤊ 0⤋
that's furnish and demand... while a gaggle of folk concern the fee of their inventory will flow down (by another industry tension) they panic and sell their shares. only like with the rest interior the industry, while it gets flooded with an outstanding sort of furnish, the value drops simply by fact's much less scarce. a lot of human beings make investments the incorrect way. They see the industry is doing nicely, so as that they arrive to a determination that they choose somewhat. Then the industry starts to say no and that they panic that they are going to lose their funds, so as that they sell. in reality, you're extra sensible off to take a position while the industry is down considering which you may get extra shares to your dollar. Then sell while the industry is extreme... you spot?
2016-09-28 11:47:42 · answer #4 · answered by ? 4 · 0⤊ 0⤋
Investor business daily website is www.investors.com This site will give you a good basis of understanding fundamental and technical analysis. The site I like for technical charts is stockcharts.com
2007-02-05 15:36:51 · answer #5 · answered by Robert S 2 · 0⤊ 1⤋
microsoft money has alot of great features. Morningstar, and Yahoo Finance will help too.
2007-02-05 15:21:28 · answer #6 · answered by fade_this_rally 7 · 0⤊ 0⤋
At first glance, I thought this said *understanding socks*
I LoL'd so hard!!!!
:) I haven't a clue about stocks, sorry....but socks....when its two degrees out......I understand socks REALLY well!!!
Good luck and thanks for the LoL!
2007-02-05 15:27:30 · answer #7 · answered by L ♥ L ♥ 7 · 0⤊ 2⤋