i tried to invest in yahoo finance but whenever i buy or sell stocks there, it doesn't even ask me for my credit card number, etc. it seems as if yahoo finance is just another stock market game.
is it?
because when i invest in stocks using the portfolios in yahoo finance, it doesn't ask for credit card number so it looks like it's not even taking money out or putting money into my actual credit account.
how can i really invest in the actual market? or am i doing something wrong here?
much help appreicated.
2007-07-19 04:05:16 · 6 answers · asked by Anonymous in Business & Finance ➔ Investing
Yahoo finance is an educational / information site . . .
They are NOT a brokerage .
To invest , you must deposit $$$$$ at a brokerage like all the ones that have ad blocks on Yahoo ( like Charles Schwab ) .
Once you have opened the account , you can place the buy and sell orders for stocks , bonds , CDs , etc on their website .
No one allows you to purchase with a credit card that I know of .
After you have an established amount of equity in stocks , you may buy on margin ( a certain % of your existing holdings ) which could become due and payable immediately if stock values should fall .
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2007-07-19 04:14:07 · answer #1 · answered by kate 7 · 0⤊ 0⤋
The smartest thing is to put your available funds into at least 6 different types of shares. Some experts recommend you should put money in nearly 20 different shares to diversify safely. Spread your investments into totally unrelated sectors, e.g. banking and IT. This ensures if one sector fails to deliver results, you can earn decent returns from the others.
You should not only diversify across the different sectors of the stock market but also into other investment avenues till you develop confidence in the stock market. An intelligent investor will use some portion of their investment money and invest it in secure investments like bonds and bank deposits though they provide less interest.
2007-07-20 00:57:51 · answer #2 · answered by jemmy t 2 · 0⤊ 0⤋
you have to open a trading account with a brokerage firm, deposit money into the account, then you can place orders through that firm. Examples of "on-line" firms are TDAmeritrade, Scott Trade, etc...You won't get any help with these firms when it comes to knowing how to trade, you're expected to know what you're doing, so if you make a mistake there's not much that can be done about it. Other firms such as Edward Jones, Merril Lynch, etc...will provide someone to help you place the trades. Of course, the difference in the two types of firms is how much you have to pay for the trades...help/advise certainly isn't free.
2007-07-19 04:14:16 · answer #3 · answered by Anonymous · 1⤊ 0⤋
You need to use a broker or securitites dealer like Scott Trade or Edward Jones. Also, don't ever use one of those recommended portfolios because it may noy properly address your financial situation. Determine what your goals are, risk tolerance, investing skill, and time horizon first. develop a plan and go from there.
2007-07-19 04:17:58 · answer #4 · answered by Daniel P 6 · 0⤊ 0⤋
Sorry, but it doesn't seem like you have done enough research to be investing in stocks.
Go to a broker and get a financial advisor.
http://en.wikipedia.org/wiki/Stock_broker
You obviously are a beginner, so I suggest mutual funds rather than individual stocks.
2007-07-19 04:16:37 · answer #5 · answered by Buddha-rama 4 · 1⤊ 0⤋
open a regular trading acct with like TDameritrade or any of the adds you see on yahoo finance.
2007-07-19 04:08:23 · answer #6 · answered by czwtrpolo2 2 · 0⤊ 0⤋