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2007-03-03 06:19:43 · 5 answers · asked by freshiyi 1 in Business & Finance Investing

5 answers

slow & steady...You have to learn about stocks and keep away from the junk.
Stay away from Pink Sheets over over the Counter stocks
Stay away from Forex
Stay away from options and futures
Buy a balanced mutual fund for good diversity and lower risk and volitility

2007-03-03 06:25:46 · answer #1 · answered by bob shark 7 · 0 0

I give you the quick and painless guide to making money in the stock market:

Step 1: Open a brokerage account with a brokerage that doesn't charge account maintenance fees (I believe that Scottrade or TradeKing fit the bill).

Step 2: Buy shares in an S&P 500 index exchange traded fund. These are essentially mutual funds that trade on stock exchanges like stocks, and own stock in the 500 largest companies in the US. In effect you'll have a little stock in 500 different companies, which essentially eliminates the chance that you'll inadvertently pick a bad stock. (I don't recommend investing in individual companies unless you find the stock market fascinating and have a LOT of time to do research.) Examples include the SPDR fund (ticker symbol SPY) or the iShares fund (ticker symbol IVV).

Step 3: Wait. While the market occasionally does go down (see last week) over the long term it goes up more than other types of investments. Just be patient and you should be handsomely rewarded.

2007-03-03 14:34:53 · answer #2 · answered by Adam J 6 · 0 0

Basically you buy stock when price is down, then when the price goes up, sale it. You have short term and long term. You should watch the market to see how it varies from day to day, also there are a wide range of investment methods, do your homework on companies etc. find one that you feel fits your budget and go for it. There are risks but life is a risk every day.

2007-03-03 14:30:08 · answer #3 · answered by olanda257 1 · 0 0

read tips on investing , stocks and mutual funds to help you better on this site

2007-03-03 15:06:47 · answer #4 · answered by tuff luv 2 · 0 0

Open a brokerage account at Zecco.

I will help you for FREE.

Top 3 Answerer.

2007-03-03 16:10:47 · answer #5 · answered by Anonymous · 0 1

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