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I am new to stocks and investing. So I was wondering how I can learn about them, and invest in them. This isnt something I'm looking forward to get rich off of, but something I can count on to have an extra dollar or two if I needed. What is the best, and I guess simplest way to start investing? What are some good companies to invest in. How do I start all this?? Thanks.

2007-04-14 00:54:14 · 3 answers · asked by desitur 2 in Business & Finance Other - Business & Finance

3 answers

I have spent years as a broker, investment advisor, money manager and professor. Go to Edward Jones. They are a good broker, they have strong internal monitoring for ethics, and most importantly they will keep you out of trouble.

After that, start reading "The Intelligent Investor," by Benjamin Graham, I believe the last printing was 1972. Then, if you are near a college, go to the academic bookstore and find an introductory textbook on accounting. Preferably a book designed for new MBA students. Accounting texts designed for accountants tend to be very dense and contain tons of information you will never need. Accounting texts designed for MBA students contain the type of accounting information managers need to know. They are a little simpler and cut away the really technical stuff only someone who is going to practice accounting as a profession needs to know.

Finally, I strongly recommend going to www.marketocracy.com and signing up. It is a stock simulator and you can win money. Practice is very important. You can find me there through my portfolio.

http://www.marketocracy.com/cgi-bin/WebObjects/Portfolio.woa/ps/FundPublicPage/source=CaHiHdImDlIfEbAoMaKiAbOa

2007-04-14 01:10:44 · answer #1 · answered by OPM 7 · 0 0

The best place to learn is to do courses in learning
to trade.

Invest in your knowledge and skills - it's crucial with
trading.

You will also start making money.

2007-04-14 08:18:21 · answer #2 · answered by Anonymous · 0 0

Education is the wat. You already have suggestions for that.

Remember that for everyt dollar you gain someone looses more than that.

2007-04-14 08:36:21 · answer #3 · answered by Anonymous · 0 0

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