Please give me details. I would like to learn.
2007-02-26 17:04:55 · 7 answers · asked by honibear35 2 in Business & Finance ➔ Investing
The best way is to educate yourself.
Read, Read, Read, watch some TV about investing, and then Read some more!
I know that might not be want you wanted to hear but I have included some links below to get you started.
I would also recommend that you read some Books on investing before you actually get started. I have included some links to some good books for beginners.
Good luck and have fun honibear!
2007-02-26 23:57:16 · answer #1 · answered by random_market_investor 2 · 0⤊ 0⤋
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.
2007-02-27 01:14:21 · answer #2 · answered by zander1331 3 · 0⤊ 0⤋
I guess there is no such thing as a best way.
What I did to get to know about stock market was to get the basics which I learnt from www.investopedia.com . They have quite a comprehensive archive of articles which can help you learn a lot about stock market even analysis such as fundamental and technical. I will say if you start from there and then start following the market on yahoo finance, etc then you can learn very quickly.
2007-02-27 01:18:43 · answer #3 · answered by Tariq W 1 · 0⤊ 0⤋
The blogbaba would too, I think the best stock market advice I ever heard was from Scrooge McDuck in a comic book about forty years ago. "Buy something cheap, and sell it high".
2007-02-27 01:13:21 · answer #4 · answered by blogbaba 6 · 0⤊ 0⤋
Well their are books on investing But a mutual fund is best for you. hit me up and i can hep you. Their is to much info too put on here OK.
2007-02-27 05:21:09 · answer #5 · answered by ? 6 · 0⤊ 0⤋
Zecco.
2007-02-27 17:26:43 · answer #6 · answered by Anonymous · 0⤊ 1⤋
Go to moneycontrol.com
Its very useful.
2007-02-27 05:16:20 · answer #7 · answered by Arnie 2 · 0⤊ 0⤋