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How much money should I have to start out with? How do I go about investing? Who do I call? Is there any site out there that will explain what all the terms mean or could their be someone I can ask?

2007-03-04 17:06:38 · 7 answers · asked by Anonymous in Business & Finance Investing

looking to invest in stock

2007-03-04 17:19:35 · update #1

willing to risk a couple thousand. Long term or short term.

2007-03-04 17:20:33 · update #2

7 answers

CASH IS KING

2007-03-04 19:56:21 · answer #1 · answered by Leo P 2 · 0 0

Since you know nothing about investing be careful. Trading individual stocks takes a lot of knowledge and it is very easy for a new investor to lose money quickly.

My advice to get started would be to visit Vanguard.com and start with a simple index fund. Vanguard has the oldest index fund around that basically mirrors the S&P 500. Vanguard is very well-known in the investment world.

Index funds offer you instant diversification thus reducing your risk since you are just starting out. Plus they are less expensive compared to a traditional mutual fund.

Once you start seeing how the stock market works try an online stock simulator before you start using real money with a broker.

Best wishes

2007-03-05 02:08:06 · answer #2 · answered by Anonymous · 0 0

Beat all those and take a short cut like me...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

2007-03-06 12:54:59 · answer #3 · answered by A M K 2 · 0 0

there are alot of advice pages and faqs floating around online. that amount you should start with depends on what you want to type of investment you want (stocks, mutual funs, index funds, etf's, just to name a few options) and your financial goals (how much risk you can afford, looking for long or short gains, saving for retirement, college, etc). the best advice i could give would be not to do anything until you have done a ton of research and have a strategy laid out first. and there are a ton of scammers on the net-just remember any get rich quick/too good to be true offer should best be avoided.

2007-03-05 01:15:11 · answer #4 · answered by comic book guy 5 · 0 0

Getting into the stock exchanging and trading shares is as easy as opening a brokerage account, pick your favourite stocks, sell them when they rise in price, that's it... HOWEVER, this simplicity is exactly the wolf beneath the sheep's skin. If trading shares is so simple, why are so many people still poor, right?

There are quite a number of things you need to learn before you can even start thinking of the stock markets ...

1. You need to understand how the stock market works and what it is exactly about.

2. You need to know what are the different styles of trading in stocks and shares.

3. You need to read about why so many people lose their shirts in the stock markets so that you can avoid their mistakes and also decide if this is a risk you want to take.

For all these issues and more, you can read about them from some of the articles that I wrote at http://www.mastersoequity.com/articles.htm

After you are adequately armed with the basic concepts and ideas, you need to know how to find profitable stocks to trade or invest in. You can do that the easy way by subscribing to stock pick services (example http://www.stockpickmaster.com ) or you can learn to use charting tools and softwares to find stocks with parameters that you can pre-define. (example http://worden.mastersoequity.com/ )

Remember, the slogan "Just Do It", Just won't do for the stock markets. If profiting in the stock markets is as simple as buying a single stock , then why are so many people still poor?

After you have all the above mentioned knowledge, you need to ask the following golden questions before you can decide whether a stock is worth buying or not :

1. Why are you of the opinion that this stock will rise?

2. Is your opinion valid in the first place?

3. When are you expecting it to rise? Can you hold on for that period of time or longer?

4. What is your expected entry price? After what price would your expected profit margin be too thin to enter upon?

5. Where is your expected stop loss point? What is your stop loss point based on? Where will you tell yourself that it is time to take a loss and get out?

6. Where is your expected profit taking point? What is your profit taking point based on?

7. Does the way you are buying the stock allow you to hold on until your expected profit taking point?

8. How much of your money should you dedicate to this one trade?

9. What is the level of primary, secondary and idiosyncratic risk you are undertaking when deciding how much of your fund to use?

10. What is your cashflow need? Does your cashflow needs allow you to hold the full lifetime of the stock?

After you are able to answer all these questions confidently, THEN you are ready to... PAPER TRADE your stock strategy. Yes, even at this point, you are NOT READY to trade for real. You should trade on PAPER for at least 6 months and become consistently successful BEFORE you take your stock strategy into real life.

Then.. you are ready to start... but there is still no guarantee of success as paper trading is very different from real trading. You will need another maybe 1 year or 2 trading very little money and be consistently successful BEFORE you are ready to increase your stakes.


So, as you can see, success in the stock markets is not easy at all the the less knowledge you have, the more risk you undertake. I lost hundreds of thousands in the stock markets before I become successful.

Take heed and good luck.


All in all, investment and trading is a lifelong education and non stop learning. No one is ever done learning and catching up with changes in the markets.

If you care to read about how I went from completely broke to retired millionaire trading stocks and options by 28 years old, you can go to http://www.mastersoequity.com/

Hope these information helps.


http://www.optiontradingpedia.com/

http://www.mastersoequity.com/

.

2007-03-05 07:27:04 · answer #5 · answered by Anonymous · 0 0

open account on-line in wherever you are. start investing in yourself first by going into seminars, read related books on stock, learn strategies outlined before jumping into the water. past few days have great times for bargain hunters!!!but, do your research, possible do a paper trading first as now is the most volatile time of the year. gd luck.

2007-03-05 01:55:56 · answer #6 · answered by silver hawk 1 · 0 0

morningstar.com has a good classroom tutorial on this (its free) and stay out until the bloodbath ends (which won't be today)

2007-03-05 01:20:54 · answer #7 · answered by Anonymous · 0 0

fedest.com, questions and answers