How do you start to become an INVESTOR?

Question

what are the things that you need to know to become an investor?

Answer 1

Here's the quick and easy guide to getting started in the stock market.

1) Open a brokerage account. Go with an account like tradeking or scottrade that have low comissions (the fee you pay to buy and sell stock) and that don't charge you a fee for having an account.

2) Buy shares of what are called exchange traded funds. These are mutual funds traded on the stock market that allow you to own a little stock in a lot of different companies, which reduces the liklihood that you'll pick a bad stock. I'd recommend a couple of S&P 500 stock funds (these have shares in the 500 biggest US companies) the SPDR fund (ticker symbol SPY) and the Ishares fund (IVV).

Over time the money you invest should grow nicely. Don't expect it to double overnight though.

I don't recommend buying individual stocks unless you really find the stock market fascinating and have a lot of time to do research.

Answer 2

You start by saving. And it's really okay if you have to start small; most people do, although there's this huge misconception that you need to have some vast some of money to invest.

You can start a ShareBuilder account for $50/month. (There are others that offer similar small investment requirements, including ING.)

The question is: what's your goal in investing? That's the biggest thing you need to know before investing, because there will be tax implications and possibly a lot of penalties if you invest your "emergency fund" in an IRA and have to take it out to cover what you deem an emergency (and it doesn't happen to fall within the defintion of the IRS where IRAs are concerned.) In other words, you need to align your savings vehicles with your goals. And that's pretty tough to do until you define some goals.

If you're looking for some good basic advice, start with something like the Dollar Stretcher (http://www.stretcher.com), or the Motley Fool (http://www.fool.com).

Answer 3

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Answer 4

READ every investing book/article/website you can find.

HAVE money in savings to start with. If you cannot save, you cannot be an investor.

Answer 5

First step. Buy a copy of the Wall Sreet Journal.

Answer 6

First you must learn to focus your thinking as well as your writing. Investor of what? commodities, stocks, bonds, real estate, tax certificates, tax deeds, LLCs, partnerships, joint ventures, partnershps, commercial realestate, car notes, boat notes, factoring, accounts receivables, inventory financing, computer companies, IT stock, pre-construction building, overseas property financing, ~ you get the idea

Answer 7

You have to study the market. There is an expected learning curve , but after 5 years if you still have no idea....quit or get someone to invest for you

Answer 8

Invest baby invest

Answer 9

this is a web site that if you ask a question they will answer to the best of there they will also suggest books depending on what you ask them "swiftassets.com" that is the best i can do for you man.

Answer 10

invest in some stock exchange and buy economy magazines.