I have no experience is purchasing stock but i Have some money and would like to invest. Can someone point me in the right direction
2007-06-11 07:59:52 · 7 answers · asked by taffy 2 in Business & Finance ➔ Investing
Congratulations on your decision to become a stock investor. It can be a lucrative way to spend your spare time, but before you do, you need to become savy in the market and market lingo. First...
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Get this book: Value Investing: From Graham to Buffett and Beyond (Wiley Finance) by Bruce C. N. Greenwald, Judd Kahn, Paul D. Sonkin, and Michael van Biema.
Another good book: The Motley Fool Investment Guide for Teens: 8 Steps to Having More Money Than Your Parents Ever Dreamed Of (Motley Fool) by David Gardner, Tom Gardner, and Selena Maranjian
Jim Cramer's Mad Money: Watch TV, Get Rich by James J. Cramer and Cliff Mason
Stock Investing For Dummies (For Dummies (Business & Personal Finance)) by Paul Mladjenovic
All About Stock Market Strategies: The Easy Way To Get Started by David Brown and Kassandra Bentley
The Motley Fool Investment Guide and their Web site (http://www.fool.com/).
How To Make Money In Stocks: A Winning System in Good Times or Bad, 3rd Edition by William J. O'Neil
Trading for a Living: Psychology, Trading Tactics, Money Management by Alexander Elder
Big Trends in Trading: Strategies to Master Major Market Moves (A Marketplace Book) by Price Headley
Buy Investors Business Daily. It has lots of tutorials and I like it better than the stodgy Wall St Journal.
Money Game by Adam Smith
Value Investing with the Masters by Kirk Kazanjian
The Intelligent Investor Rev Ed. (Collins Business Essentials) by Benjamin Graham. Warren Buffet was his student at Columbia.
The Money Masters by John Train
The Bogleheads' Guide to Investing by Taylor Larimore
Common Sense on Mutual Funds: New Imperatives for the Intelligent Investor by John C. Bogle
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2007-06-11 08:16:26 · answer #1 · answered by SWH 6 · 1⤊ 1⤋
How much money do you have? Based on the overall grammar and punctuation of your question, I find it hard to believe that you have any large sum of money. You have to understand that in order to make a lot of money, you have to have a lot of money. If you start off with 30 dollars, you would be extremely lucky if you make that into 45 dollars in a couple months with a single investment. Well, before investing, you have to accept the chance that you may loose it all or a considerable amount.
Buying stock is pretty much like owning part of a company. The only problem is that you don't really have any say in how the company is managed. You have to rely on the management team of the company and hope that they do a good job. If you know of any product or service that you really like, it is probably manufactured by a company that is managed well enough to produce something worthy of your liking. In other words, invest in a company that makes something you like. If you truly believe that a company you know is exceptionally good, then it is probably a good company to invest in.
For example, look at iPod, which is produced by Apple Inc. Well, the iPod is a widely loved product, which has boosted Apple stocks sky high in the past few years.
However, try not to invest "too late". It would be a horrible idea to invest in Apple nowadays if your basis for such an investment is the iPod. The stock already went up, meaning that Apple is going to need something else to make the stocks go up again. Try researching your target company before you invest; maybe Apple is not such a horrible idea if you find out that they are about to release yet another innovative product. If you think that the iPhone is going to be a big hit, then yes, you should invest in Apple.
2007-06-11 15:31:48 · answer #2 · answered by alexsport3000 2 · 1⤊ 0⤋
You don't want to jump blindly into investing. Some important things to consider are the reason you're investing (for short term enjoyment or long range goals such as college, a new home, or retirement), the risk associated with the various investments, and then choosing the investment, or mix of investments, that are right for you.
Once you feel comfortable and knowledgeable about investing your money on your own, you could consider a discount brokerage firm. Since I am a little bias, I would recommend Scottrade. Scottrade only requires a $500 minimum to open a new account, and you can apply online. They have a flat rate ($7) for most online market and limit equity orders, regardless of your trade frequency, account balance, or the number of shares in a transaction.
You can compare the commissions/fees of several brokerage firms at: http://www.scottrade.com/online_broker_comparison/discount_brokerage_comparison.asp .
Good luck investing!
Scottrade
www.Scottrade.com
1-800-619-7283
2007-06-13 11:52:25 · answer #3 · answered by Anonymous · 0⤊ 1⤋
Start reading books from the library. Stocks are risky. You need to be informed. Also you could speak to someone at your bank to assess your risk tolerance. They could suggest a balanced mutual fund most likely.
2007-06-11 15:07:40 · answer #4 · answered by samuelle50 3 · 1⤊ 1⤋
I would go with apple. because of them coming with the iphone its going to make a boom in sales, like the ipod these stocks went up like no other.
2007-06-11 15:08:57 · answer #5 · answered by Anonymous · 0⤊ 2⤋
id point you to books on investment.
2007-06-11 21:00:11 · answer #6 · answered by bullet b 4 · 0⤊ 1⤋
exxom...they just pay me $30 in dividends...yes!!!
2007-06-11 15:16:16 · answer #7 · answered by seafood10 3 · 0⤊ 1⤋