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I'm clueless about investing but I want to learn how to to do it

2007-05-25 08:18:49 · 10 answers · asked by hanna 1 in Business & Finance Investing

10 answers

"Investing for Dummies" is a good place to begin. It will provide you with the background information you should have before you begin investing. It should be available at your public library, or if not it is not expensive at your book store or on Amazon.com.

In my opinion the best way for a begining investor is through a mutual fund. It allows diversification with a relatively small investment.

Here are two links to popular investment firms offering mutual funds that you buy directly from the companies. The first offers no load mutual funds but with relatively high beginning investment of $2500. The 2nd offers mutual funds with a load or with higher expense ratios and no load. The minimum investment amount is only $250. In either case you down load the application form, fill it out, enclose a check, send it in and you are in business. The capital appreciation fund of the 1st company is a real good investment vehicle. The 2nd company also has excellent funds. I particularly like the Income Fund of America.

http://mutualfunds.troweprice.com/?rfpgid=10875&scn=Mutual_Fund_I_Want_to&origins=prospect

http://www.americanfunds.com/default-home.htm

Both have a 1-800 phone number you can call to ask for help.

2007-05-25 10:43:14 · answer #1 · answered by Anonymous · 0 0

economics is not only about the stock market. the stock market is a small part of the class. the stock market works on supply and demand. the amount of stocks a company offers is limited. if the company is popular and makes money, the demand will increase making the stock price increase. if there is bad news about the company, the stock will decrease because shareholders will sell the stock. when there are more seller then buyers the stock will decrease. when there are more buyers then sellers the stock will increase. that is the way the whole economy works. the brokers buy and sell the stock for investors. that is the short story. it is much more complicated. the floor of the stock exchange is comprised of many different people: runners, specialist, etc. good luck in school.

2016-05-17 21:54:41 · answer #2 · answered by ? 3 · 0 0

If you are clueless, I would go to a website like Fidelity or Morningstar or Fool.com. They get you started on learning what to do. Do NOT invest in individual stocks from the very start. Buy a mutual fund or an exchanged traded fund (ETF). Try to focus on either one with a target date or one that encompasses entire markets, like a Wilshire Total Market.

Better yet, if you have a 401k plan at work, see if they have financial advisors you can access for free to get someone to help you out.

2007-05-25 08:26:27 · answer #3 · answered by Tats 3 · 0 1

I recommend reading the Motley Fool at fool.com to get a base understanding. If you want to invest in the stock market, the best way (in my opinion, and in a lot of other people's opinions) is to buy into index funds, which is a cheaper way to get a little bit of a LOT of companies. (Like if you buy a S&P 500 fund, you own a piece of 500 companies.)

2007-05-25 08:23:40 · answer #4 · answered by atomicjohnson 3 · 0 0

Open a brokerage account at Zecco and drop me a line.

I am a Portfolio Manager with over a decade of experience in the Stock Market and I will help you for FREE.

2007-05-25 14:18:05 · answer #5 · answered by Anonymous · 0 0

Your tax dollars at work, check out some of the links below.

There are a couple of industry pages to look at too (saying most of the same stuff).

Then go somewhere for financial news and use the "portfolio" feature to practice trading, or use a simulator like virtualstockexchange.com or smartstocks.com, etc.

Learn, explore, practice, then go for it (the last two links). Good luck.

2007-05-25 08:38:53 · answer #6 · answered by Rabbit 7 · 0 0

FOLIOFN.com

http://www.foliofn.com

Navy Federal Credit Union recommended FOLIOFN and I've been a happy customer since Feb 2006:

-No minimum account balance required
-Window trade $3.95 ea or $19.99 mo for 200 window trades
-Auto-investment window trade $1.00 ea
-Auto-reinvestment of dividend is free
-Trade fractional shares, dollar-cost
-Analysis tools for performance, diversity, backtest
-Numerous ways to fund your account, includes ETF

Comparison of online brokerage:
https://www.foliofn.com/servlets/process...

Pricing plans:
https://www.foliofn.com/servlets/process...

They have great Customer Service too - you get real people on the phone when you have concerns.

FOLIOFN is perfect for the long-term, small investor. You won't be disappointed.

Best wishes,

pup

2007-05-26 05:56:38 · answer #7 · answered by . 6 · 0 0

investopedia.com
sogoinvest.com

Sogo is the cheapest broker I know of and investopedia is a great place to learn. Also thestreet.com is good. There is so much to know about stocks and nobody knows it all so don't be overwhelmed.. Index funds are a good cheap and safe way to start.

2007-05-25 08:25:28 · answer #8 · answered by Anonymous · 0 0

you can do courses or buy and read text books about stock market. you also can go to www.investopedia.com

2007-05-26 07:28:00 · answer #9 · answered by Anonymous · 0 0

and when you finaly do then check out http://goldenbullpicks.com they will make it very easy for you!

2007-05-26 10:04:10 · answer #10 · answered by Anonymous · 0 0

fedest.com, questions and answers