Is there a place to invest online for novice beginners?

Answer 1

Congratulations on getting started. It’ll help you more than you know!

You ask a very broad question, so be prepared for a pretty long answer. Just take it in chunks!

I'm going to give you a little longer answer in case you're also looking to learn about investing. I apologize in advance if you already are good at investing and just want a website, though I'll answer that question as well.

Your first dollars should be spent on getting educated on investing. You don't have to train to trade them professionally, but we are talking about your future here. So the more you learn, the more it'll help you! So let's start there.


How to invest depends on what you already know. We'll assume that you're beginning!

A good primer is How to Make Money in Stocks by William O'Neil. You can get it cheap just about anywhere. It’s widely available new or used.

Another good one is one of Jim Cramer's books like Real Money (he’s got a few).

But books will only get you so far. At some point, you'll also want to get at least a little training. There are some great education companies if you want to make the investment. Investools.com or optionetics.com.

For free, you can start by visiting thestreet.com and investopedia.com. That'll get you a pretty good primer so at least you'll understand what the markets are and what a stock is, etc.

If you get a chance, watch Mad Money on CNBC. Don't trade any of his picks until you track many of them over time. Just use the show to get you to understand some basics and get a feel for the market itself.

Next, subscribe to something like Investorsbusiness daily or something like that that can help you identify good stocks.

Once you understand stocks, go to 888options.com. It's a FREE website that'll help you understand options (what they do, how they work, etc). You don't need to trade them, but the more you know, the more you'll see how options can really be the safest way to invest (once you're educated).

For discipline (which is crucial to successful trading), probably Trading in the Zone by Mark Douglas or Mastering the Trade by John Carter

I know that’s a LOT to absorb. Just take it one step at a time for now. Start with a book or two to give you an idea of where to begin. Take your time, and let it seep in.

As you get up to speed, you should papertrade to practice (highly recommended). This should help reduce your losses in the beginning as you get used to buying/selling.

You can practice for free on almost any reputable broker site (optionsxpress, scottrade, thinkorswim, etc). And yes, you can definitely deal easily online. All these sites will be good for you to get your feet wet.

Start slow, then as you figure things out, you can use real money and then eventually buy more shares.

Congrats again on getting started. If you have any questions, please let me know.

Hope this helps!

Answer 2

You can always set up a fake portfolio on Yahoo finance...

If you actually want to set up a real account go to Tradeking or Scottrade.

Also as a bit of general advice I recommend investing in exchange traded funds (ETFs) unless you find the market fascinating and have a lot of time to do research. These allow you to own a little stock in a lot of companies and reduce the risk that you'll pick a bad investment. Two examples are the SPDR fund (SPY) and the iShares fund (IVV).

Answer 3

Honestly...
Visit swisscash,net
I am an investor with them and have a US$50K portfolio there. I'm getting paid every month on time as promised and guaranteed. The average returns are 20% per MONTH!
You can recover your initial investment amount within 8 months and then it's profits on the run from there.
Read the details...it's easy to understand.
It's not an MLM...nothing to 'market'. You can just be an investor and reap ur returns which are guaranteed as stipulated.
You can visit my financial site provided by them at www.swisscash.net/sgamk1632202
I am in touch with some senior consultants of Swisscash and I must say, they are serious dynamic professionals and I'm confident they will be profitable for at least the next few years.
I started with $1K initially and then after my confidence with them, I have now increased to $50,000.
Best regards...Kaz

Answer 4

Jhaid,
If you are looking for a smart alternative investment strategy I would suggest checking out http://www.yourforexinvestor.com I like the forex because it is a multiple stream of potential portfolio growth. In other words there is actually three ways of generating potential profits with one investment. So if you are losing in one form you could actually end up in the black. Don't get me wrong there are still the losses but if you are plugged into the right strategy it is very hard to lose. I hope this helps.

Sincerely,
Brandon Wells
877-773-5345

Answer 5

An easy way for a beginner to start is with "Investment Express with Vanguard." Go to www.vanguard.com. Click on "go to site>>", click on "Open an Account", Under "I need help", consider Vanguard Investment Express. Click on start now. A good widely diversified low cost mutual fund is a good way to build a "beginner core" portfolio.

Answer 6

I accumulated like 1500.00 funds and went to Etrade. yet first i purchased the inventory by an instantaneous inventory purchase application. truly it truly is a fashion that fairly some the money you seem to make investments right into a company is going in the route of shopping for stocks. in case you've been to go by a broking service they take some share first. yet ussually like with Etrade and others they are going to grant a first x quantity of trades to be loose. First %. your inventory then examine in the experience that they have got an instantaneous inventory purchase Plan. undergo in options although in case you bypass the route of Direct inventory purchase Plan, you'll deliver the earnings and they are going to purchase it anytime they get it. it truly is a nasty ingredient reason the fee might want to be low once you settle on to purchase, yet by the point the money receives over there it might want to bypass correct back up. So in case you had to purchase now and quickly you would might want to go by a broking service. sturdy luck! also, study a e book or 2 on inventory I did and it helped me a ton before I went in and began procuring.

Answer 7

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

Answer 8

Try fidelity.com