2007-02-26 07:26:54 · 9 answers · asked by CharlotteDenee 2 in Business & Finance ➔ Investing
While you're still thinking, I suggest you have a read through these 2 sites to learn about what you're getting yourself into:
http://www.fool.com/investing.htm
http://www.investopedia.com
I suggest http://www.sharebuilder.com as the place to buy the stocks, as it's more beginner friendly + allows you to buy shares in fractions as well as whole shares...... like if you want to invest in Google, which normally seems to hover around $475 - $500 a share, and you only have $100 to spare, you can still buy into part of a share of it.
Companies I'd suggest researching into investing in include:
GOOGLE Inc (GOOG)
Toyota (TM)
Coca Cola (KO)
2007-02-26 08:38:54 · answer #1 · answered by Anonymous · 0⤊ 0⤋
My advice would be that before you start picking stocks, learn as much as you can about the stock market and how to pick good stocks. The Stock Market for Dummies is a good read for new investors.
There are also a lot of good websites. Motley Fool. Yahoo Finance. And many many more. Just be careful if anyone tells you some stock is going to rocket up 300%. That is a rarity and people that buy that junk usually wind up losing all their investment.
Right now, the best investment you can make for yourself is learning as much as you can and that is going to take some reading and research.
Congratulations on wanting to get into investing. I'd love to see you make some wise choices and make lots of money in the market and have a secure future. To do that though, you need to learn first.
Best of luck.
2007-02-26 07:36:35 · answer #2 · answered by Faye H 6 · 0⤊ 0⤋
My suggestion is to first study the adaptation between making an investment and playing. second, don't be swayed by the commercials you spot that promise returns they could't grant. third, concentration on fending off a large mistake truly than going for the large payoff; sluggish and good wins the race. A unmarried great loss can wipe out all of your different features. traders bid up the costs of stocks in accordance to their expectations of the destiny probability and go back. If a inventory appears like a low probability, the cost is going up, reducing the go back. If a inventory appears like a intense probability, the cost is going down, increasing the go back. in case you imagine that you'll locate the exception to that rule and locate the stocks that are underpriced for his or her anticipated probability and go back, you're a cost investor. it really is a tremendous call for what experts do, yet at the same time as amateurs imagine they could do it, it really is continually an illustration that they don't truly comprehend how issues artwork. purchase an ETF in accordance to a wide marketplace index. in case you pick to extend your probability and go back, %. the NASDAQ, which has truly some technologies stocks in it. i have placed 3 reliable books in my source to commence instructing your self. My fourth suggestion: purchase low and promote intense. anybody is commonplace with that, proper? yet at the same time as the inventory marketplace drops and also you're waiting to promote each thing and placed it into some thing safer, you're promoting low. If the marketplace drops, in effortless words promote in case you imagine it is going to drop extra. usually, a drop interior the marketplace is a probability to purchase. in case you do not have the tummy for that, do no longer purchase stocks.
2016-12-04 23:50:11 · answer #3 · answered by anuj 3 · 0⤊ 0⤋
I think you should consider investing in mutual funds. You get the benefit of professional stock pickers. With most funds, thre are no up front fees.
Right now there are over 5,000 publicly traded companies in the US. There are evern more mutual funds to pick from.
2007-02-26 07:38:17 · answer #4 · answered by regerugged 7 · 0⤊ 1⤋
It takes years to know this well enough not to lose money.
The best thing is to buy Mutual Funds, to get your money working for you, while you study to market.
I didn't heed to this advice, and lost a lot of money the first couple years.
Take my word for it. If it were easy enough that beginners could succeed right off the bat, then everyone you know would be millionaires.
They're not.
2007-02-26 07:38:42 · answer #5 · answered by dork 7 · 0⤊ 1⤋
First of all wait for now. Stock Market is heading for a storm
But if you can't then large caps with dividends.
www.letsgobble.com
2007-02-26 07:30:00 · answer #6 · answered by chase11209 2 · 0⤊ 2⤋
Buy things that you know. I personally shout from the rafters NTDOY (Nintendo) because everyone either has one or wants one and they are just getting started with the Wii and DS systems.
2007-02-26 07:32:21 · answer #7 · answered by Jeff C 2 · 0⤊ 0⤋
watch channel 357 on direct T.V. very informational.
2007-02-26 07:30:12 · answer #8 · answered by Anonymous · 0⤊ 2⤋
NYX
2007-02-26 07:34:19 · answer #9 · answered by prabs 2 · 0⤊ 1⤋