Buying Stock?

Question

I am not "finance" smart. What is the easiest and safest way to buy stock online. Etrade? How much money do you have to put up first? Do you get a lot of money back? Do you think it is a good idea to buy stock? If so, what companies are hot right now?

Answer 1

Buying stocks is not something that you just "get into" for the heck of it. If you are not finance smart then I have to say DONT DO IT! Thats just the fact of the matter and not to be rude but you have to be VERY CAREFUL when entering into these markets right now. I do this for a living part time and I have the ability to buy and sell on my own but I also have a Financial Advisor that will assist me at any given time and she is wonderful to deal with.

First thing I can tell you is to start off with maybe a few grand and begin to diversify yourself but even before that you MUST find a reputable company and a Financial Advisor that is trusting and helpful that has been in the business for a while. DONT TRUST ANYONE - make them earn your trust and your business because you are investing your hard earned $$ with them and you are trusting that they will help you earn $$ from your investments. You will NOT always make $$ - sometimes you lose - think of it similar to gambling depending on how you invest. NOTHING is guaranteed. The markets right now are volitile therefore to be diversified is a MUST and a GIVEN.

Personally I work with UBS Paine Webber and I deal with a lady named Tonya Harper, if you want her number just let me know. I started with nothing but she helped me a great deal over the years. I can say I TRUST her and she has EARNED my business through the years.

Just please be careful, dont start investing online just because someone mentions a company - research is a big thing in todays market. Learning finances is a huge plus. Dont take the chance of losing your hard earned $$ to just taking a chance. Wishing you well...

Answer 2

There are quite a few online brokerages. I use etrade, but they are somewhat expensive ($10/buy or sell a stock). I also have an account with tradeking.com ($5/share) which works fine, or alternately I've heard of a broker called zecco.com which doesn't charge you to buy or sell stocks. Make sure you read the fine print before you open a brokerage account, because some brokers will charge you a yearly service fee if you don't have a lot of cash in the account.

As far as what to invest in, buy one of the following
iShares fund (IVV)
SPDR fund (SPY)

These are mutual funds that trade on the stock market and hold stock in the 500 companies that make up the S&P 500 (a listing of the major us stocks). If you buy either one you'll effectively own stock in 500 companies and won't have to worry about diversification.

Answer 3

Best thing to do is to learn more about investing. The time/money you invest in yourself will pay off many fold down the line.

If you're starting out, it's probably best that you buy an ETF, like DIA (DOW 30) or QQQQ (Nasdaq 100).

Buying companies w/o knowing how/when to sell is only setting you up for failure.

But, buying some indexes will at least get you diversification and generally better performance than 3/4 of the mutual funds out there, w/o having to learn/do too much.

Hope that helps!

Answer 4

This penny stock service has years of proven experience. Ultimately it is the best service for beginners to use https://tr.im/SMsRR
You will have to wait between 3 and 10 days to get into the system in most cases. When I signed up it took 8 days. I wished it was faster, but if you can wait a week or two to start earn life changing money than you will have what it takes to make it in this business.

Answer 5

The easiest way to buy stocks is through mutual funds. Check the following sources for unbiased information meant for beginners.

1) http://www.invest-for-retirement.com
2) http://www.investopedia.com
2) Mutual Funds for Dummies or Investing for Dummies, by Eric Tyson.

Building wealth has little to do with skill or being "finance smart". It is discipline that makes you wealthy. Once you learn the basics of investing, you will see that anyone can do this.

Answer 6

Any time is a well time to buy shares. It simply depends upon which enterprise s you spend money on. By making an investment in colossal organizations whose inventory fees most likely keep on the equal relative cost are much less more likely to generate you any cash. Investing in small organizations, offers the enterprise the risk to develop and lift their inventory fees, having you being equipped to promote the shares at extra then you definitely had earlier bought, Unfortunately, this additionally generates threat, if the enterprise fails and forecloses, you certainly not obtain your a reimbursement, and your shares are practically nugatory.

Answer 7

Hi, i recommand you a good and basic tutorial for investing. it covers all Issues related to your Investing and everything around it.

http://www.tutorialforyou.net/investing/

wish it will help you.