I want to buy Shares....but I dnt know anything about them? im a newbie.?

Answer 1

Its easy 1st dont use money that you are not prepared to lose some or possibly all of what you have......they do usually go down as often as up & no one has all the answers no matter how clever they seem, even IFA's get things wrong & I wonder if they really care once theyve earned there initial commision from selling to you.......if you are a beginner look at pooled funds unit or investment trusts (this is in the UK Im unsure if theyre available in America or what theyre called) The advantage of investment trusts is their lower charges & many trade at a discount for e.g if the trust held shares in A B and C companies each trading at £1 you may expect the trust to be worth £3 but they ofteb trade at a discount of 10 or even 20 %, the bigger discount usually means higher risks or out of favour sectors.
Id suggest you look at a global general funds you certainly wont double your money overnight but chances are you wont lose half either....I like to look for ones who havent moved as well as others over say the past year but long term have a good record & a good management team
(I havent read the rules & am unsure if anyone should recommend individual shares or trusts here but if you mail me I'll tell you about an investment trust I intend putting into my own pension - I should say I have no connection with this or any other financial company & do beware of anyone contacting you about some hot share tip as such things are usually a con -anyway thats my view its certainly much easier to lose money than make it.
Read all you can in books read share tips in newspapers & observe how it all works but do make your own mind up on the basic fundementals of companies rather than following the latest trends or tips.
Finally theres another ingrediant you will need luck & lots of it !

Answer 2

I have only consistently made profit on unit trusts. Buying shares of individual companies is too much like gambling, especially without insider information. There has to be winners and losers in the share dealing game, and an uninformed "newbie" would be my last person to place a bet on.

Answer 3

Go to http://www.marketocracy.com and they will give you a million dollars to trade virtually on Wall Street to get a little practice in. look at this site too - http://www.tradewin.co.uk/record.htm

But remember you can lose money as well as make money. Do research use Google alerts, Yahoo money, and all the resources the net has to offer. You don't even have to buy the shares - just place a bet on whether they go up or down - that is called spread betting. Remember me when you have made your first million! lol

Answer 4

Try Sharebuilder.com. You can spend a very small amount of money and even buy partial shares to get the hang of what it's like. I just put twenty dollars a month in for a couple of years, and I paid for my wedding with my shares.

Answer 5

i'm a newbie, too. I know a little bit. You need to have an online brokerage. or buy directly from the company.

how much do you have?

Answer 6

Go to you Bank and ask about putting an Index Tracker Fund in an ISA.

Then start learning ...

One lesson you will learn very quickly is that all Financial Advisors make their living from YOUR money ...

Either you learn how to deal with your own Finances or spend you life being fleeced = don't worry - they can extract your money quite painlessly using a process known as 'Commissions' - especially 'annual renewal commission' ..

Once you have started to understand how you are being fleeced you might start looking more carefully at Pensions, Income Tax and other areas where you are being parted from your money ...

Answer 7

well shares are stocks of a company or a corporation if you buy a share you gain part ownership of a company. and if you want to know some more info on the stock market or shares go to www.wikipedia.com or www.investorwords.com great information.

Answer 8

Do not buy company shares unless you are an expert in reading the financial ramifications of what a company is doing at any time. You could loose an awful lot of money. Best action is to join a Unit Trust type of investment where you pay a set sum every month and in that way you buy shares in a number of companies which are chosen by the trust Manager. He is an expert. These trusts are then often linked to a life insurance which will pay out on your death a sum which reflects either a sum insured or the value of the units. Which ever is greater. The shares can go down or up in value but here is the best bit. When the shares go down then your monthly payment buys more of them. When they go up then your monthly payment buys less of them. So the best thing is to have your shares low all the time until such time as you want to sell them and then you wait for them to rise. Look at the Financial supplements on a Wednesday and you will see adverts for these trusts. Best of luck.

Answer 9

I'm just about to offer shares in my company that I've just started. I reckon it's worth a million quid. Interested?

Answer 10

Just remember shares can go down as well as up,If you have money to invest long term get a Isa or a Tessa, much safer......

Answer 11

A financial advisor will help you and explain things to you. Get a recommendation for a good one and call. They will set up a meeting and get you started.