I receive P10,000.00 from my GSIS-a government insurance and Im looking for something to invest it. I have heard about stock markets, can it be possible to invest in stocks? Can anybody explain to me how stock market goes in a layman's term.
2007-03-20 18:41:44 · 5 answers · asked by Albert 1 in Business & Finance ➔ Investing
Yes, you can invest it in the stock market. However, your question "Can anybody explain to me how stock market goes in layman's terms." means you should NOT be investing in the stock market yourself.
You numbers look like you are from the Republic of Philippines. 10,000 pesos is roughly $200 U.S. dollars and that is too small to be a decent investment into the the U.S. Stock market. Since you are in the Philippines, I suggest you talk to Prudential Financial, a highly reputable american company. They will sell you an annuity, a different form of investment that you can get stock-like returns in, but it will not have the risk of the stock market. Inexperienced people can lose a lot of money or all of their money on the stock market, besides the amount of money you talking about is too small.
There are other companies you can get involved with, but I reccomend getting involved with an American company because too many Philippine companies have financial trouble. And, I do business with Prudential as well as own stock in the company. Actually, I have been doing business with Prudential since 1978.
2007-03-20 22:17:26 · answer #1 · answered by jhedlind22 3 · 0⤊ 0⤋
What country are you in? My bank (National Australia Bank) has a website for share trading: you open an account, access the internet and start trading. Almost any Western world bank has the same facility... and there's lots of research tools and so on attached to the site. Read the financial press every day and preferably trade companies that are based in your own country- less room for error.
Oh, and I'm not sure what 'P10,000' is worth but I started with the equivalent of about US$4000. It's not really worth buying shares in lots of less than about US$1000 or so, due to the transaction fees (about US$20 per trade). But if you keep them longer, it becomes better value.
Ignore 'systems', do a lot of research, and spread your investments to minimise risk.
2007-03-20 18:47:10 · answer #2 · answered by llordlloyd 6 · 0⤊ 0⤋
You can very well invest with private investors just half the amount and atleast get atleast 3% per month on the total amount. Say 5000 pounds you will get 1575 pounds every month as interest. If you want i can help you out. You can get in touch with me.
2007-03-20 20:58:09 · answer #3 · answered by deepali292003 1 · 0⤊ 0⤋
be carefull if you are planning to invest in stocks now.. it may crash soon
and its not so easy to make money by trading
look here its good site to start
http://www.trade2win.com/boards/index.php?
2007-03-20 22:17:14 · answer #4 · answered by cyberspider_444 2 · 0⤊ 0⤋
dont invest , trade
use aptistock freeware
2007-03-20 22:23:34 · answer #5 · answered by dinu_pawar 5 · 0⤊ 0⤋