2007-05-24 18:09:08 · 5 answers · asked by gailisme 2 in Business & Finance ➔ Investing
The phrase "play the stock market" is usually taken to mean investing in individual stocks, and often implies dabbling in stocks. This was a style of investing that was commonplace in the 1950s and 1960s, but became less popular after the market fell sharply in the early 1970s. Since the 1980s, investing in mutual funds (which hold large, diverse portfolios of stocks) has become more popular.
Of course, you can still invest in individual stocks. A relatively inexpensive way to do it is to open an account at a discount brokerage firm. Often, you can open an account and trade online.
However, understanding the market today well enough to trade individual stocks isn't easy. You have to do a lot of research and evaluation before you can make sound decisions about which stocks to buy. For example, you may have to research 5 or 10 stocks before finding one that's worth buying.
A harder decision is when to sell. If a stock has gone up, should you sell or should you hold onto it in the hope that it will rise some more? That's often not an easy question to answer.
There's no easy money in the stock market. If you want to trade individual stocks, be prepared for a lot of work. Not only is there research, but also, at tax time, there is potentially a fair amount of paperwork. Investing in mutual funds is much easier and more convenient. The two webpages listed below may give you more insights.
2007-05-24 20:01:36 · answer #1 · answered by Uncle Leo 5 · 0⤊ 0⤋
If u dont know much about the stock market i suggest playing with fake money at first. virtuastockexchange.com lets you 'play' the stock market. its easy to understand and their search lets you find the stock symbols of companies pretty easy. im using it in my class right now.
2007-05-25 03:08:24 · answer #2 · answered by spiderskull615 2 · 0⤊ 0⤋
The Stock Market IS NOT A GAME.
2007-05-25 21:49:09 · answer #3 · answered by Anonymous · 0⤊ 2⤋
First mistake: Don't "play" the stock market.
Take your time (6 months to 2 years) to read everything you can on the subject. It doesn't have to be technical.... but if you want to make money........ it's the best way to start.
I believe the "dummy" series has a couple of good books to check out (as a start).
Good luck!
2007-05-25 07:53:04 · answer #4 · answered by Common Sense 7 · 0⤊ 0⤋
absolutly!
there is a web site http://goldenbullpicks.com that has links to everything you want!
2007-05-25 10:21:12 · answer #5 · answered by Anonymous · 0⤊ 1⤋