I don't know anything about stocks. I don't know where I should go to do my research on that subject. I'm trying to give something to my daughter when she grows up!!!!!!!!!!!!!!!!!!!
2007-03-16 04:51:00 · 10 answers · asked by descobar314 1 in Business & Finance ➔ Investing
I would suggest a no load mutual fund. They are managed by investment professionals. Choose one that has a long term capital growth objective. You may even consider one that offers a systematic investment plan.
There are hundreds to choose from.
P.S. I have bought stocks on my own and have lost money on most of them. I have made lots of money on my mutual fund investments.
2007-03-16 05:09:58 · answer #1 · answered by Jerry 7 · 2⤊ 0⤋
There are a lot of ways to pick stocks. Any of the major companies will have at least SOME information available for you online. The one that springs to my mind first is Fidelity Investments, they have added something knew called the Trading Knowledge Center to help teach clients about investing in individual stocks.
I would consider a couple of factors, though. First, are you sure that stock is best for you? Would it be better to get a diversified mutual fund to mimize the risk of the investment? Whether it is actively managed or passively (meaning an index fund) you get the benefit of others choosing your stock for you with minimal cost.
If you are focused on the idea of individual stock and don't want to take the time to go out and learn much, think of it this way-buy what you know. What kind of soda do you drink, Coke or Pepsi? What brands of cleaning supplies do you use, what kind of car do you drive? Where do you shop? If you feel confident enough to spend your money there, why not invest in the underlying company? Just a thought...
2007-03-16 12:10:33 · answer #2 · answered by bfdavis1972 3 · 0⤊ 0⤋
For general investing info: fool.com
My reccomendations are
#1, if you can afford to invest at least $500 at a time, invest in an S&P 500 index fund (an ETF).
#2, if you need smaller investments, find a no load/no transaction fee mutual fund that is based on the overall market and allows small investments
Anything that doesn't make sense, search on the site above and it will.
2007-03-16 12:50:34 · answer #3 · answered by wc256764 2 · 0⤊ 0⤋
Mutual funds are great for long term investments. In addition to Cramer. I would watch CNBC fast Money, FOX Saturday Business Block. Morningstar.com has a great tutorial for learning about stocks, bonds, mutual funds etc.
2007-03-16 19:19:40 · answer #4 · answered by Anonymous · 0⤊ 0⤋
If you want two examples of stock research and what goes into it, I have reports (free) on my website at http://www.valuestockreports.com/stockreports.htm
If you email me at research@valuestockreports.com, I'll do my best to help you in the learning process.
Best of luck.
2007-03-16 12:26:00 · answer #5 · answered by Anonymous · 0⤊ 0⤋
Open a brokerage account at Zecco and invest in the ETF DIA every week.
By the time she goes to Harvard she will have millions.
2007-03-17 02:54:04 · answer #6 · answered by Anonymous · 0⤊ 1⤋
Get this book. Parlay your IRA into a family fortune. by Ed Slott
2007-03-17 00:06:34 · answer #7 · answered by Brick 5 · 0⤊ 0⤋
My best advice is first to start reading the Wall Street Journal every day.
2007-03-16 11:58:35 · answer #8 · answered by Clown Knows 7 · 0⤊ 1⤋
Get to the library.
check out http://www.fool.com/
it (and other sites just have to look for them) has tons of information for investors of all types of competence.
GET A FINACIAL ADVISOR
ask your friends/ coworkers who they trust.
2007-03-16 12:27:30 · answer #9 · answered by whig 2 · 0⤊ 0⤋
i would suggest you read Jim Cramer and watch his mad money on cnbc
2007-03-16 12:30:57 · answer #10 · answered by binda 3 · 0⤊ 2⤋