thinking of investing in stocks, how do i go about it?

Answer 1

My personal opinion would be NOT to actually invest in "individual" stocks if you are new to trading stocks. It is a difficult game to learn.

Instead visit Vanguard.com and learn about mutual funds, index funds, and exchange traded funds (ETFs). While there is still a risk you will have a much better chance of success with funds as opposed to individual stocks. Once you master these investment tools than move onto individual stocks.

Answer 2

In the UK, the best way to start off (if you want to actually make money, rather than lose it) is to first check out this article on The Motley Fool (leading financial website) http://www.fool.co.uk/school/2006/sch060130.htm in order to help get your head round investing in stocks (and if you have to ask how to go about it, you should read all the blurb on it you can your hands on to learn as much as possible before buying any stocks).

Next up, pop over to the Fantasy UK stockmarket game @ http://www.bullbearings.co.uk which will enable you to practise trading as if you were doing it for real without risking your money (and trust me, when you first start you are bound to make a few costly mistakes, especially if you just jump straight into it.... hence the practise).

While practising, start stockpiling as much money as you can to start investing in + research potential companies to invest in using the tools at http://quote.fool.co.uk

When you feel ready to start trading for real, you need to open an account with a broker......... I strongly recommend the SHAREBUILDER account operated by the Halifax, as it's alot more beginner friendly (and has cheaper commission fees)...... the blurb for it can be found at http://www.halifax.co.uk/sharedealing/sharebuilder.asp and is licensed from a US original at http://www.sharebuilder.com

Answer 3

Contact a stock broker near you. Pump anything and everything out of him (portfolios, conservative and aggressive growth, current market trends, etc.) From there figure out what is a good amount that you want to invest and wisely choose a company or companies that are predicted to do well in the future.

Answer 4

First open up a trading account with a bank (either online or through a brick and mortar bank) e.g., etrade or wells fargo or charles schwab
Then do research on what stocks you want to buy.
Your account would let you buy those stocks

Answer 5

Spend 6 months to a year reading & learning.

Anything less than that may cost you a lot of money.


BTW: "Freedom Rocks" is one of the last places a "newbe" investor wants to start (or anyone for that matter). If an investing program has a "sure formula" for success...... run from it as fast as you can!!!!!!