hey does anyone know anything about stocks and how to get started with them?
2007-04-05 16:53:14 · 3 answers · asked by araposo185 2 in Business & Finance ➔ Investing
I know a great deal about stocks. You are buying a part of the company if you own stocks. If you want to buy some pick a company that you like, and don't put all your money in one place.
2007-04-05 16:58:08 · answer #1 · answered by Nelson_DeVon 7 · 0⤊ 0⤋
When you buy a share of common stock you are buying a share of ownership of a public corporation, which usually includes voting rights to decide issues at stockholder meetings. Basically, the value of shares depends on the earnings or potential earnings of the corporation. For that reason, it is important to study the financial data of a corporation and determine what the valuation of the stock should be, so you can be sure to buy shares that are not overvalued and have a good chance of increasing in value.
Sometimes a corporation will take earnings and pay them out to shareholders in the form of dividends, or they may use earnings to expand the business. If the corporation incurs losses, the value of the shares will decline, but fortunately stockholders are not liable for debts incurred by the corporation.
2007-04-05 17:03:34 · answer #2 · answered by Anonymous · 0⤊ 0⤋
Yes, I do know about them. My suggestion to you would be to read 5 books about stocks before buying a single stock. Start with a book on basics of investing. Then read 4 books from different mutual fund and hedge fund managers. Now you should start watching CNBC during the day or reading about what is going on the stock market right now.
After this I suggest opening a etrade or scottrade account. Start small and slowly work your way up.
2007-04-05 17:30:47 · answer #3 · answered by Anonymous · 1⤊ 0⤋