I want to learn about the stock market, but of course I only have minimal to invest right now..what are some beginners tips to start my investing in a smart and rewarding way?
2007-02-16 06:03:41 · 9 answers · asked by chachingy 1 in Business & Finance ➔ Investing
If you only have a limited amount of money to invest and you do not know much. Your best bet is mutual funds. You have to do some research, but not as much as the stock market. Remember buying a single stock is like playing the lottery!!!
2007-02-16 06:45:24 · answer #1 · answered by NYC_Since_the_90s 6 · 0⤊ 0⤋
1st, investment is a full time job. it not any other jobs where you get routine 9 to 5 and for some 12hrs or more per days. more like a 24/7 kinda things.
there isn't any school that teaches investment and get you a dip or deg for that. if you really into investment, read on.
learn by reading, research, looking and listen.
read ~ coy profile, all details on the coy, what are they doing. earning, losses etc.
research ~ does it match with what you read on them.
looking and listen ~ what happening around you, the country, the world. does it cause any impact on the coy.
this are some basic and along the way you will find or i put it as learn more such as when is the best time in or out, profit or cut lost. remember 24/7.
2007-02-16 14:34:08 · answer #2 · answered by Spidy Josh 2 · 0⤊ 0⤋
I am 30 just started last month and allread added 100 to my porfolio from investing 200. I suggest reading Stock Investing for Dumbies. If you want to start right a way just remember ask is buying price and bid is selling price. just make sure you buy it's lowest or you might have to sell for a lose. also try to make sure that the bid and ask price don't differ much. I would do online trading I am with Trade King because the have free limit order which they will not buy it for more or sell it for less than your specified price.
2007-02-16 14:13:52 · answer #3 · answered by franksprung 3 · 0⤊ 0⤋
Congratulation on being young and actually planning for your financial future.
Here are some resources:
https://flagship.vanguard.com/VGApp/hnw/FundsByType
http://money.cnn.com/
http://www.cnbc.com/
http://www.daveramsey.com/
The best beginner book I have ever seen on this topic is:
"The Wealthy Barber" by Chilton.
You don't need to become an expert in finance, that is why most folks invest in mutual funds, we are hiring an expert to buy stocks for us.
My investment philosophy for the past 30 years has been "buy low, buy high, buy buy buy."
Be patient, the first few years you will think that you aren't getting anywhere, 15 years from now when you have 100k invested you will think back on this day and smile. 20 years from now when you have 200k your smile will grow; 35 years from now when you pass the million mark you will laugh out loud "Gosh compound interest is a great thing".
Good luck
2007-02-16 14:20:19 · answer #4 · answered by zaphodsclone 7 · 0⤊ 0⤋
There are many ways depending on your goals and dreams for the future. For instance, if you invest in the maximum amount into an IRA for the next 8 years (that's $333/month) and then just plain stop investing you would (at age 68) have roughly $1.2 million in savings.
There are more options available I reccommend contacting a rep from Primerica. They offer free consultation to help. go to them at www.primerica.com
2007-02-16 14:29:47 · answer #5 · answered by Dazedandconfused 2 · 0⤊ 0⤋
No. 1 - Educate yourself. I recommend you take some courses, your local community schools which are inexpensive is a good start. Read the book, "Understanding Wall Street". Learn about fundamental & technical analysis at www.stockcharts.com.
No.2 - Learn Technical Analysis very well - practice, practice, practice with charts (paper trading)
No.3 - As you get your feet wet take a course with a professional trader, more expensive but worth it.
No. 4 - Get experienced and keep learning.
2007-02-16 15:00:36 · answer #6 · answered by Anonymous · 0⤊ 0⤋
First you'll need to understand some basic principles of investment and understand which type of investment suits you.
To achieve excellent returns on your investments it is important to adopt the right investing strategies. To Learn more about shares and stock trading check the website link below.
http://money-review-site.com/shares.html
http://www.smart-investments.org/Best-Stock-Investments/How-To-Invest-In-Stock.php
2007-02-16 18:18:25 · answer #7 · answered by Anonymous · 0⤊ 0⤋
I started by FINALLY putting money into my 401k and you can start small. I only take 3% of each pay check and the bank I work for matches it.
2007-02-16 14:11:20 · answer #8 · answered by wantme_comegetme 5 · 1⤊ 0⤋
Open a brokerage account at Scottrade.
2007-02-16 17:20:37 · answer #9 · answered by Anonymous · 0⤊ 1⤋