I know some about stock market. However, I have never bought any stock before. I need help to begin. Either tell me something on it, or give me suggestion to buy a book toread. Thanks.
2007-09-10 04:54:20 · 7 answers · asked by Franklin 1 in Business & Finance ➔ Investing
Hi Franklin,
I would suggest you read as much as you can prior to investing. I highly recommend The Intelligent Investor by Benjamin Graham. Graham is considered to be the father of value investing. He was a professor at Columbia and one of his students was Warren Buffett. I also recommend a tutorial on Investopedia.com's website. Here is the link:
http://www.investopedia.com/university/s...
I hope this helps.
Michael Weiss
The Editor
The Mutual Fund Investor
http://www.mutualfundinvestor.net...
2007-09-10 06:21:51 · answer #1 · answered by Anonymous · 0⤊ 0⤋
Here's a quick and easy guide to getting started. I highly recommend that you go to a library or bookstore and get a good book on investing. Also check out investopedia.com and morningstar.com. Good luck!
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.
2007-09-10 07:03:45 · answer #2 · answered by Adam J 6 · 0⤊ 0⤋
Read
A Random Walk Down Wall Street: The Time-Tested Strategy for Successful Investing, Ninth Edition
http://www.amazon.com/Random-Walk-Down-Wall-Street/dp/0393062457/ref=pd_bbs_sr_1/002-5821860-8541668?ie=UTF8&s=books&qid=1189784942&sr=8-1
2007-09-14 04:49:33 · answer #3 · answered by R P 3 · 0⤊ 0⤋
Read investopedia.com since it's free and made by people in the know rather than by a writer trying to sell a book. If you have a 401K plan just put money in that.
2007-09-10 05:25:32 · answer #4 · answered by gregory_dittman 7 · 0⤊ 0⤋
This was copied from the annuals of the Soviet Union. No, a bigger Goverment (which is what you advocate ) is NOT the answer and never was. Our founding fathers knew that and also knew that at "some time" in the future America would have to again rise up and "throw the scum out"
2016-05-21 03:14:46 · answer #5 · answered by latosha 3 · 0⤊ 0⤋
For beginners, I like the book "Investing for Dummies" by Eric Tyson.
2007-09-10 06:34:56 · answer #6 · answered by gosh137 6 · 0⤊ 0⤋
Go to clarkhoward.com and read his advice. It has been very helpful for those of us in the Atlanta area and beyond. He is a true consumer advocate.
2007-09-10 05:02:26 · answer #7 · answered by Christiane 3 · 0⤊ 0⤋