If you plan on investing yourself, I suggest you do alot of reading up on how the markets work and fully research any stock you are considering buying before purchasing anything.
2007-09-04 01:26:34
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answer #1
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answered by mama_bears_den 4
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Open a brokerage (or Roth IRA account, if this is for retirement or you won't need for at least five years-check the web for terms of a Roth) with a discount broker, such as Scottrade, and invest in a no load index fund based on the S&P 500 or the Wilshire 5000.
You will pay no commissions or fees unless you withdraw before 90 days. You should average about 11% per year, although some years will be better and others you could lose.
Be persistent and do not sell when the market goes down.
Do this for at least two years, and in the meantime, learn how mutual funds work. Investing in stocks alone is far more risky and you should not do this until you understand how to do it well.
Kiplinger's Personal Finance magazine costs about $13 per year and is excellent information.
Hulbert's Digest will tell you which newsletters are best for around $30 per year. Subscribe when you have $20,000 or so.
Good luck.
Remember, if you do what most people do (invest when the market is up, sell when it goes down) you will be screwed. The Dow is a poor indicator of what the economy is doing: it is just a weirded average of 30 US stocks. You would do well to ignore it.
2007-09-04 01:53:59
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answer #2
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answered by Richard E 4
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Hey there,
Penny stocks, also known as cent stocks in some countries, are common shares of small public companies that trade at low prices per share. They are notoriously risky but if you follow a special method I've learned you can earn good money at almost no risk. This is the site I use: http://pennystocks.toptips.org
I definitely recommend subscribing to this site in particular. Very good research, quality stocks. I was a bit weary of penny stocks from all the bad hype they receive but this guy is pretty legit. He's put my mind at ease with a lot of the fears I've had. I especially like that he doesn't send out announcements left and right. I've signed up for other websites that fill my in-box with one company after the other. I don't know where to even start with so many choices in front of me! Nathan sends me one idea a week and that's all I need. Working so many hours during the week leaves me with very little time when I get home to start doing tons of penny stock research. I'm always eager to see what Nathan's next suggestion is each Friday and I love having time on the weekend to do my research.
As said above if you want to make money with penny stocks you have to follow some proven methods. This one in my opinion is the best: http://pennystocks.toptips.org
Cheers ;)
2014-09-22 13:10:38
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answer #3
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answered by Anonymous
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Great idea: Ask strangers whose qualifications and motives can never be known, where to invest your money.
Good luck with that.
One person says... ask you bank. Within the financial community, it's well known that banks and insurance companies are the last place to get investment advise (not including Investment Bankers, for the very rich).
Best solution;
Find your own answer. Read 2-3 books on investing. Decide what style you want (long term, retirement, swing trading or day trading). Find a broker that best meets you needs.
It makes no sense to use a heavy discount broker if you're new to this. Always have and follow an "asset allocation".
Stay clear of "tips" or hot stocks blasted by radio, TV or print personalities.
ALWAYS UNDERSTAND WHAT YOU'RE INVESTING IN. ALWAYS HAVE AN EXIT PLAN BEFORE MAKING THE INVESTMENT.
2007-09-04 02:00:40
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answer #4
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answered by Common Sense 7
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The best way to begin is at the beginning. Use a stock market simulator to get your feet wet without losing your hard-earned cash on an investment you don't know much about.
A lot of the big companies have stock market sims on their sites, Investopedia is one of the biggest, as is The Great Game, or even Wall St Challenge.
Each of these are totally free to play, but allow you to learn how the market works by using real stock information with a fantasy bank account.
I use these tools on a regular basis to see how the markets work and operate and would trust my results with the game before I would trust them to a broker who will charge you a commission fee to buy and sell and who doesn't care if you lose your money, because he gets his share on each trade you make.
2007-09-04 04:05:49
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answer #5
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answered by chiang-ku 3
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If you are just starting out, begin by reading and learning as much about investment as you can. If you are a U.S.-based investor there is a lot of educational material on the web sites of companies such as Vanguard and Fidelity and of the brokerage houses (though remember they are trying to sell you products and services). Web sites like Investopedia, The Motley Fool and the Foundation for Investor Education also have primer material. Investopedia has a stock simulator http://simulator.investopedia.com/ where you can practice investing to get a feel for buying and selling stocks without committing actual cash.
2007-09-04 02:05:31
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answer #6
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answered by Paul M 3
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Binary options let users trade in currency pairs and stocks for various predetermined time-periods, minimal of which is 30 seconds. Executing trades is straightforward. The system uses user-friendly interfaces, which even an 8 years old kid, can operate without having to read any instructions. But winning trades is Not easy.
Binary trading is advertised as the only genuine system that lets users earn preposterous amounts of money in ridiculously short period of time. Advertisers try to implicate as if you can make $350 every 60 seconds; if it was true then binary trading would truly be an astonishing business.
However, does it make any sense? Can every trader make tons of money in binary trading? Who is actually paying all the money or the profit to traders?
The first challenge is finding a trustworthy binary broker; secondly, you need to find a binary trading strategy, which you can use to make profits consistently. Without an effective trading strategy, there is no way you can make money in this business.
Learning a profitable trading strategy is possible, You should watch this presentation video https://tr.im/16635
It's probably the best way to learn how to win with binary option
2015-01-24 11:02:00
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answer #7
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answered by Anonymous
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1. only invest money if you are prepared to see your capital fall
2. if you are new to the stock market - why not try a tracker fund (FTSE 100). These are low cost and give you instant diversification. You can also use regular savings plans.
3. if employed, does you employer offer discounted plans such as share ownership plans or saye
4. start by investing in sectors you understand
5. a good research mag is investor chronicle
good luck
2007-09-04 10:15:57
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answer #8
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answered by Anonymous
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I only invest on money that I think I can do without. The stock market is a gamble.
I invest in companies that have a long history, that you know are going to be around for awhile.
2007-09-04 01:29:34
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answer #9
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answered by M v 4
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You can only be given advice on this by people who are regulated to do so by the Financial Services Authority.
See your bank or Financial Adviser or find a Stock Broker who has the FSA's authority to carry out discretionary fund management (i.e. he can put your funds where he thinks will make the most money without asking you first. Otherwise he would have to ask your permission before buying or selling any shares).
Before you give your money over to any IFA or Stock Broker, please check them out on the FSA's website (www.fsa.gov.uk/register). Under their register entry you will be able to see if they have ever been refused any permissions or had any regulatory sancture against them. Please gather all the information you can on any firm before you hand over any money - there are a lot of sharks out there!
2007-09-04 07:03:43
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answer #10
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answered by Cynical Girl 3
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