Intrested in buying stock for first time, any advise?

Question

I don't really know anything about stocks or online trading, but all the e-trade comercials are working and i was thinking about maybe trying to buy some stocks. Any advise would help. Also what would be the best place to buy for someone who will not be that active. Just buying a few now and then.
Thanks

Answer 1

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. There are few things that you should consider before investing.How long you want to invest for? what kind of return you are looking for income or growthTo Learn more about shares and stock trading check the website link below.
http://www.smart-investments.org/Best-Stock-Investments/How-To-Invest-In-Stock.php

http://money-review-site.com/shares.html

Answer 2

First you need to start an account with a company like Schwab, Scottrade, Vanguard, or T. Rowe Price. The kind of account depends on what you are saving for. If retirement then a Roth IRA, college, then a 529 Plan, or for long-term savings with stocks, then just a regular stock account. After filling out a application, you send in the money, and it goes to your account. Then you get to pick what you want to invest in.

For a younger person it is better to be more aggesive in investing, so invest in stocks rather than CDs or bonds, and maybe mutual funds. Mutual funds are more diversified yet they usually don't make as much if you do proficient research for stocks.

So what do you want to look for when buying stocks from a company? Look into different companies that you know that you think do well, sell good products and have room for growth. Once you do that, look at the history of how the stock has done. Also look at the recent new, the ratings, more on what the company does, and what others say about it. Then when you narrow it out to a few companies that you know a good amount about, watch them some before you buy them, and see how it responds towards the recent new about them.

If you really don't have time and don't want to keep looking into new companies and you just want to forget about it, then you'll never get the full potential, but mutual funds will be a little better for that situation.

More on a Roth IRA. A Roth IRA is a retirement account where taxes are payed before hand. You can take the money out at 59 1/2 or later tax free. Otherwise you will be penalized 10%. However you can take out any money you put in at any time, just not the interest.

Answer 3

I use Scottrade and am happy with them.

For a first stock I recommend something that pays a dividend and provides a product or service that you use and like. Local electric companies usually fit the bill. It's a thrill to get the first dividend check.

Answer 4

dont invest unless you have it to lose check into stocks and bonds

Answer 5

Maybe try www.ny-stock.com