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I have a question....im want to beggin and buy stocks...but i dont know how...can someone tell me where i can find free help...and another thing...does stock investing makes u any money...can i get rich?...can i make a living out of this??...please answers in details !!!?

2007-08-26 11:34:24 · 5 answers · asked by The thing 1 in Business & Finance Investing

5 answers

Stocks make some people rich and
Some people loose ALL their $$$$ .

Does not sound like you know that but study
the Investing Ed 101 section about 1/2 way down on the left . . .

http://finance.yahoo.com/

>

2007-08-26 11:41:27 · answer #1 · answered by kate 7 · 0 0

Here's a quick and easy guide to getting started in the stock market. And to answer your questions:

1) You can make money.
2) You can become rich. However unless you are very lucky you can't expect to become rich overnight. Over the long term however stocks can turn small sums of money into pretty large ones-- for example growing at a 12% rate $1,000 would become $30,000 in 30 years-- but it does take a while.
3) Unless you have a very large amount of money to invest initially, you probably won't be able to live exclusively off of investments, at least in the near term. It is possible to work professionally as an investor.

Getting started in the stock market is actually very easy.

1) Open a brokerage account.

Check out a broker called Zecco (www.zecco.com). The company doesn’t charge a fee to buy or sell stock, doesn’t have a minimum balance, and won’t charge you a fee just for having an account open. Tradeking (www.tradeking.com) and Scottrade (www.scottrade.com) are other options.

2) Buy shares in an exchange traded fund. These are basically mutual funds that trade on the stock market, effectively allowing you to own a little stock in a large number of companies with a single trade. Two prominent examples are the iShares fund (IVV) and the SPDR fund (SPY) both of which hold all 500 stocks in the S&P 500 (a listing of the main US stocks). Both funds have very low costs and should track the performance of the stock market closely.

3) Sit back, relax and do nothing. The stock market averages a 10-12% return over long periods of time. Over 30 years an investment growing at 12% a year will increase 30 times (ie a $1,000 investment will be worth just under $30,000). Just keep adding more cash to your account whenever you can and don’t panic if the market drops a bit.

You can also look into buying individual stocks, but either of these funds will make a great core holding.

2007-08-26 13:28:43 · answer #2 · answered by Adam J 6 · 0 0

www.hotstockmarket.com

if can make you money, it can make you rich, you can make a living out of it.

you just have to know what you're doing

start out with a small amount at first, $2000 or so..

2007-08-26 11:42:32 · answer #3 · answered by will 2 · 0 1

Open a brokerage account at Zecco.

2007-08-26 15:04:27 · answer #4 · answered by Anonymous · 0 1

check this link its good


http://buyingandsellingshares.blogspot.com/

.

2007-08-27 02:40:39 · answer #5 · answered by Anonymous · 0 2

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