I have been told that buying stocks or shares is a good way of making money. How do I start? How much do I need to start in the first place? Do I do it online or to a bank? I need a lot of help!!
2007-02-09 02:49:18 · 7 answers · asked by Anonymous in Business & Finance ➔ Investing
Get some education about the stockmarket and investing in it, otherwise, you will lose your money or donate your money to the more educated and experienced stock market investors when you gamble by picking losing stocks.
2007-02-09 02:53:30 · answer #1 · answered by Muga Wa Kabbz 5 · 0⤊ 0⤋
First you need to research industries and companies. You can do that after you open an account. Online companies are usually cheaper. But nowadays, almost everyone has an online presence. Then you might want to start small. As you buy more, you have to conside diversity. Diversity means two things. First, invest in various companies in various industry. So for example, do not invest all of your money in retail. Try to spred it into banking, food..stocks. Second, you have to separate short-term potentials from long-term potentials. Based on that, you can decide on when to sell.
2007-02-09 12:13:15 · answer #2 · answered by Anonymous · 0⤊ 0⤋
Go to www.investopedia.com
At the top, hover over the "Home" button until a drop down appears and click on Beginners. It'll give you a list of links. Click on "Stock Basics Tutorial." That REALLY helped me get some basic understanding in.
2007-02-09 12:42:25 · answer #3 · answered by Katie L 3 · 0⤊ 0⤋
Do not start with a stockbroker. There are some great ones out there who can really help you, but there are also some "not so" great ones who will hurt you. Ask friends, family, neighbors if they know of a good one....Meanwhile, learn on your own before picking a broker. Read "Investing for Dummies" by Eric Tyson.
Go to www.vanguard.com. Click on the blue "go to site..." line, click on the Planning and Education tab. Another site is
www.investing.rutgers.edu.
If you really want to start now, and have at least $1,000 (for Vanguard's Star fund or $3,000 for their index funds) go to www.vanguard.com, click on the blue "go to site..." line, click on "Open an Account", under "I need help" go to Vanguard Investment Express click on start now.
2007-02-09 11:10:05 · answer #4 · answered by gosh137 6 · 0⤊ 0⤋
You can do it on your own. But since you have a lot of questions, I would start with a stockbroker. That is their specialty. If you wanted to go it alone anyway. Start by going through the individual companies you are interested in. Check online.
2007-02-09 10:55:10 · answer #5 · answered by Mrs. Morality 2 · 0⤊ 0⤋
Go to Stocks Exchange...you will know everything...actually stocks are something you must have...for a good business...
2007-02-09 10:52:54 · answer #6 · answered by olivettiz 2 · 0⤊ 0⤋
Start by reading the link below - then come back with questions about the things you don't understand in this link.
Have fun!
http://finance.yahoo.com/education/begin_investing
2007-02-09 12:02:06 · answer #7 · answered by random_market_investor 2 · 0⤊ 0⤋