I am looking to purchase stocks soon. However, I know NOTHING whatsoever about the stock market and how it works. Before I read a few books, is there any core information one NEEDS to know?
2007-03-02 12:38:01 · 7 answers · asked by Anonymous in Business & Finance ➔ Investing
First off I wouldn't buy right now the market is in a crash. I know this because the CBOE volatilty chart is at 18 and every time it is that high every thing goes to s***. I would highly recommend reading Stock Investing for Dummies and 24 Essential lessons for Investment Success. also before you read set up account with online broker so you can see first hand what the books are talking about. My online broker is Trade King and they are by far the best online broker there is period. Please email me at franksprung@yahoo.com so I can send you right to there sight from them and I can recieve 50 for referal also I will give you information on setting it up. And I have other very use full info on the site that will definatly help get you started and picking great stocks. I will not give you symbols to invest in but I will show you how to pick them your self. You don't have to fund it untill you are ready to trade.
2007-03-02 12:58:45 · answer #1 · answered by franksprung 3 · 0⤊ 0⤋
Every one was in your shoes at one time. I about 45 years ago. Yahoo was not available then. Darn it. There is a very good book that you should begin with. "Investing for Dummies" about $12. Also you might read one or two of the books by Peter Lynch. Unfortunately, he was a better money manager than a writer, but his books are still worth reading. And the information in them is worth the effort even if the style leaves something to be desired.
I can give you some core information in a more concise format than Peter, but it is essentially the same thing.
Invest for the long term.
Buy quality stocks.
Diversify
Don't panic when the market drops 10%-30%, be prepared to buy more during these great opportunites.
Do not have a portfolio of fewer than 10 stocks.
If you can not afford that right away, buy mutual funds instead.
That is the essence of the Peter Lynch philosophy but instead of in 250 pages, in only a few sentences.
2007-03-02 21:48:15 · answer #2 · answered by Anonymous · 1⤊ 0⤋
If you know NOTHING whatsoever about the stock market, why are you looking to purchase stocks soon? That doesn't make sense. one NEEDS to know that buying stocks can be like a gamble and your money can easily go up on smoke overnight and it doesn't sound like you grasp that. There are lots of other places you can park your money--even CDs or money markets are over 5 percent. I would suggest you proceed very cautiously, and only put a small amount of money into stocks at first.
2007-03-02 20:52:13 · answer #3 · answered by njyogibear 7 · 0⤊ 1⤋
Just remember this: by definition, more than half of the individual investors will do WORSE than the market average, after trading costs are factored. Same for actively managed mutual funds.
2007-03-02 20:43:22 · answer #4 · answered by Yardbird 5 · 0⤊ 0⤋
read tips on investing , stocks and mutual funds to help you more on this site
2007-03-02 21:12:11 · answer #5 · answered by Anonymous · 0⤊ 0⤋
cnbc, bloomberg, fox saturday business block, morningstar.com (free learning section) as for books jim carmer has a few good ones listen closely to what they do NOT say and try your luck at sites like www.marketocracy.com (no risk and totally free)
good luck.
2007-03-02 20:46:51 · answer #6 · answered by Anonymous · 0⤊ 0⤋
Open a brokerage account at Zecco and drop me a line.
Top 3 Answerer.
2007-03-03 00:50:09 · answer #7 · answered by Anonymous · 0⤊ 2⤋