I really want to start investing but im clueless on how it works. Where can i start and where can i learn?

Question

Books? School? Seminar's? Web Page's?

Answer 1

Books. Go to your library. look for books on the stock market. there is probably an Investing for Dummies, always a good place to start.

You can start by looking a mutual funds that left you buy a fund that owns many stocks.

go to: vanguard.com
and check out the Total Stock Fund
unfortunately you will need probably $1500 to open an account, but you can read about investing on their site and learn a lot.

Good luck!

Answer 2

The first thing that needs to be considered is what you are investing for. (i.e. What do you plan on doing with the funds invested? When will those funds be used?) This will determine your risk tolerance.

You are probably somewhere in the middle, but consider these two simplified extremes:

A 20 year old college student invests for retirement.

One investment this student probably will want to invest in is in mutual funds (an open-end investment company that invests money of its shareholders (investors) in a usually diversified group of securities (stocks or bonds) of other corporations) because they offer a better return than bank deposits, for example. The catch is that mutual funds have greater risk that you could lose the principal (money invested).

Why would anybody do this if there is this possibility?

Say for example, when this student turns 25 the market crashes and the $5000 invested is now worth $3000. This student still has at least 40 years to gain back that lost $2000, most likely several times over.

The 65 year old grandfather invests to earn income from his assets.

In this case, this grandfather would most likely place a sizable portion of his investments in certificates of deposit (a money-market bond of a preset face value paying fixed interest and redeemable without penalty only on maturity ). The grandfather is more risk averse than the student because he cannot afford to lose the money he invests, as it is being used for income.

Probably the best recommendation I can give is to talk to your bank, once you've resolved the intended purpose of the investment. Most have brokerage services available so you can talk to a licensed financial advisor about any non-insured investments. Many books cover only a specific niche; seminars and websites can give misleading information as many are just organized for the purpose of selling a product. Yes, a classes can be taken, but are very time consuming.

Answer 3

One place you can check out is http://www.einvesting.com That site has a simulator which you can buy and sell stocks with to get used to investing. Also you want to read as many books as possible regarding to investing. There are many good books that you should look at. A Random Walk Down Wall Street. I saw a lot of people making posts like this so I wrote a page about how I invest. You can check out http://www.optionsrealm.com/stocks to read it.

Answer 4

Diversify your portfilio. positioned money right into a vast selection of shares, and bonds. At your youthful age you will possibly possibly do properly with an aggressive growth portfolio. greenback fee prevalent, meaning spending a series volume at known periods. Wrap up your purchases in a Keogh. any beneficial properties would be tax unfastened presented which you adhere to the guidlines. shop making an investment for years and enable the wealth build. do no longer consistently commerce in and out of businesses. examine some stable books on the problem that motivate long term making an investment. do no longer fall for the day dealer mentality. this is all bearing directly to the size of time in the marketplace, no longer timing the marketplace. evaluate no load mutual money to start.

Answer 5

You might want to take a look at http://www.top10traders.com - this is a free site that lets you create a portfolio of stocks with $100,000 in "play" money. Each day the site ranks the best performing portfolios, so you can see how your picks perform compared to other investors. You can read posts on investing from the best traders, as well as share your own investing ideas. There is a charting feature, so you can see how your portfolio performs compared to the S&P 500. Also, you can create your own "group" so that you can see how you are doing compared to your friends.

Here are this month's best traders:

http://www.top10traders.com/Top10Standings.aspx

Good luck!

Answer 6

library and bookstores are good sources;
seminars are a waste of time, in my humble opinion
websites are also good; check out vanguard, scottrade, yahoo finance,wikipedia or MSN money
all that information may be overwhelming at first

invest wisely; its your $$$ afterall!

Answer 7

To learn online:
http://www.morningstar.com/Cover/PersonalFinance.html?pgid=hetabperfin

Another great place to learn is:
www.fool.com

Answer 8

Just open a free brokerage account at Zecco and I will help you for FREE.

Top 4 Answerer.

Answer 9

You can start here my friend. Be your own boss. You can control how much profit everday you want. You can check this site and learn it. Its simple and easy..

http://getrichwithforex.blogspot.com

Answer 10

install aptistock freeware & do practical

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