Investments......?

Question

What advice should I have about investments and stocks?
I have never bought a stock. Have not a CLUE how to .
Seeking some advice on how to get started.....

Answer 1

Most of the time, greed will be on the way especially if you are talking about money. greed is sometime good to drive your motivation, but if you loose control, you can risk everything at no gain.

before start invest any money in stock market, learn everything you could about stock investment subject. no doubt you'll be starting late that might cost you losing some profitable opportunity, but to me, not losing money is much more important subject when it comes to investment.

in stock investment, you need to understand yourself:
1.why you invest in stock
2.how stock market works
3.what it takes to be profitable
4.how to pick good stock
5.investigate how much the stock worth (or calculate intrinsic value)
6.the right time to join the market (or within the margin of safety)

all this might take a lot of your time, effort and money too. so study this website:
http://www.stock-investment-made-easy.com/index.html
i personally found it to be resourceful to those who interested investing in stock but don't know how.

Answer 2

Don't know? Then don't rush. Saving money in the meanwhile is a good idea--you will have to have something to invest when you figure out what you want to do.

Meanwhile, there are two different terms in use concerning stocks: trading and investing. Trading is concerned with immediate stock motion. Investing is a longer term thing.

Buying a stock at 10, selling at 15, and pocketing the 5 (minus commissions for buying and commissions for selling) is part of the idea, whether over the long term or short term, but it can, and does, go the other way, causing you to lose 5 if you sold at 5 after buying at 10. This is whether you are buying or selling a quilt, a car, or shares in some company.

What do you like, coke or pepsi? Do you shop at Wal-Mart or Target? Do you buy your burgers at Wendys or McDonalds? Not everything you buy or shop is publicly traded, but these, for example, are very good companies and have been for a long time. What do you want to be a part of? You buy gas at an ExxonMobile or ConocoPhillips gas station? Own a piece of it. Investing is like planting a tree. It takes time. Good luck.

Answer 3

Forget the books. Lessons are best learned first hand. You could read a world of library books and still not have a clue. Before you invest- go to smartmoney.com- set up a free account and paper trade- THEN and ONLY then - after you've had a few hands in the market - do the real thing. Sidenote- you don't need to be 21 to start an account- freshmen atHarvard have portfolios through Ameritrade- with their names tied into IRS accounts- not their parents. Do a little research on capital gains taxes- it's the lowest it's been in a while- at 15% - you can definately rack up some money by keeping it out of your pockets longer. Good luck. oh- and subscribe to Motley Fool. Fortune. and Forbes. All three will give you all the book material you need.

Answer 4

1) You first will need to open a brokerage account. I believe you need to be 21 years old. If you are not, have your parents open it for you. Online accounts usually have lower transaction fees.
2) Fund your account.
3) Research stock picking techniques. Fundamental techniques, stock tips from family and friends, TV and radio stock programs, business newspapers and magazines, stock picking services or technical analysis.
4) Paper trade stocks for a while to see how good your selected method really is. The market is set up to try to take your money from you. It is easier to loose money than to gain it in the stock market. Before you actually decide to buy, you should also have a strategy for when to sell!
5) Purchase your shares of the stock when the time is right.
Good luck. Having luck is executing with an prepared mind.

Answer 5

read the following books first:

intelligent investor, security analysis both by Benjamin Graham

then open yourself a scottrade.com account.


i would highly recommend you to read the books! they saved me form allot of misstakes.


happy investing

Answer 6

check out http://goldenbullpicks.com