I need some tips. How do i investest? Do I need a broker.I am thinking of buying 1000 shares of dupont. yes I know they are in a lawsuit now but I want them incase they jump up.
2007-10-12 06:48:08 · 8 answers · asked by Maggie 2 in Business & Finance ➔ Investing
Before you invest in ANY stock, go to Morningstar.com and take their on-line courses on investing, stocks and mutual funds. If you're a beginning investor, I'd suggest you stick to mutual funds at first.
2007-10-12 07:16:34 · answer #1 · answered by Anonymous · 2⤊ 0⤋
Three important things:
1) keep your costs down, including ongoing management fees.
2) diversify
3) buy and hold until you have a good reason to sell.
Buying only one stock is an unnecessary risk. Bad things happen to single stocks. There are many traps on Wall Street for the beginning investor.
You can buy into the increase in wealth of the world as a whole, by getting only three investments:
1) an American exchange-traded fund like SPY
2) an international index fund such as ETINX
3) a diversified real-estate investement trust such as FIREX
If you buy these (or investments like them) through a discount broker, and don't sell until you need the mony, you'll do fine.
2007-10-12 07:47:17 · answer #2 · answered by cosmo 7 · 0⤊ 0⤋
Look for an on-line broker, some even give free trades for new accts. Go with a stock with a price/earnings ratio close to 1:1, depressed, but traditionally up, strong net worth, low debt, and not in a sector that is going down the tubes (like real estate). Financials are a good buy now, as is natural resources. Better in a fund if you don't know what you are doing. CSE may be a good choice, as is SFI.
2007-10-12 07:23:18 · answer #3 · answered by topcat_TEC 5 · 0⤊ 0⤋
Sure, and I want my stocks to jump up too. The question is does the market want them for more. As for lawsuits, there are always lawsuits, but what are they doing that will be making the company more money? That is the stuff that causes prices to "jump up". Unless something changes there, then it is just wishful thinking.
2007-10-12 10:19:18 · answer #4 · answered by Rabbit 7 · 0⤊ 0⤋
You can open an online broker account, consider optionXpress.com. It's so easy to use it instead of interactive brokers but it has a higher commission than the later. You must get education about stock. It's better to invest on options instead of the stocks because it gives you leverage.
If you think of starting business online you can get all the info in www.wealthywinningwomen.com then you get passive income.
Good luck!
2007-10-12 09:39:59 · answer #5 · answered by Anonymous · 0⤊ 0⤋
Open a brokerage account at TD Ameritrade.
2007-10-12 07:53:49 · answer #6 · answered by Anonymous · 0⤊ 0⤋
go to www.tdameritrade.com
it is very simple once you get some money transfered to their account, you can do all your trades on line and monitor them online.
2007-10-12 06:56:04 · answer #7 · answered by Airmech 5 · 0⤊ 0⤋
try a stock simulator first
2007-10-14 13:31:50 · answer #8 · answered by evander 3 · 0⤊ 0⤋