ok i want to get involved in stocks i really don't know that much about them but what if i put $50 dollars just starting on macys the clothing company will it go up and how much will i get back and where should i go for doing this should i go to etrade do pay them or is it free. once again i'm beginner at this so i just want to start at something low like $50 dollars or something. (just another question from a comfused teen) thank you bye.
2007-10-16 07:33:59 · 9 answers · asked by elicia b 1 in Business & Finance ➔ Investing
call a stock broker.
2007-10-16 11:06:01 · answer #1 · answered by Anonymous · 0⤊ 0⤋
The classic intro book on this is called "How to Buy Stocks" by Engel. After that, read things like "Day Trading for Dummies," try to find about 5 or 10 books on similar topics before you actually do anything. Also the major web trading sites help teach you a lot. Start small, lose small, get the hang of it and then start going bigger and bigger as you experience success, never putting too much on the line that you can't afford to lose.
2007-10-16 07:39:37 · answer #2 · answered by firstl 2 · 0⤊ 0⤋
Don't even think about buying individual stocks. Mutual funds, the no-load variety, is the way to go. You can get started with as little as $50, but you are going to have to keep investing small amounts on a regular basis. A single $50 investment isn't going to get you anyplace.
You don't get rich quick, or by making one large score. Some do, but the most common way of building wealth is by investing small amounts of money at regular intervals over a long period of time.
Check your local phone book for a discount brokerage house, I recommend Charles Schwab, for help on how to get started. You DO NOT want to buy mutual funds that have sales charges or 'loads'.
2007-10-16 07:46:16 · answer #3 · answered by curtisports2 7 · 0⤊ 0⤋
There is a really good book that explains the basics of investing and provides a reasonably good strategy for determining your appropriate level of risk and how to minimize your loss potential. It is called "Maverick Investing: Building Extraordinary Wealth Through Unconventional Principles" by Doug Fabian. You can find a link to it below.
2007-10-16 07:39:43 · answer #4 · answered by Anonymous · 0⤊ 0⤋
$50 is not something that will take you too far. You will want to try to save some more money and be sure you can diversify your portfolio to avoid risk by buying few symbols.
You can train for no money by using a virtual stock exchange game that will train you how to trade without any risk. Try this one, if you will be good you might win money
http://www.Vvestor.com
Good luck (learning?)
2007-10-16 09:41:41 · answer #5 · answered by tr_1_12000 1 · 0⤊ 0⤋
stick with high growth mutual funds (many stocks in a group) untill you have a few grand...2-4k...hten go to sharebuilder or etrade. but in the mean time, watch cnbc, read blogs, buy books. learn about the market n then when u have enough go buy 800 or so worth or mcd, apol, goog, whatever you like.
2007-10-16 07:38:58 · answer #6 · answered by llllllllllllllllll 3 · 0⤊ 0⤋
You need to invest in growth stock mutual funds, not individual stocks. Research growth stock mutual funds and find one that has a 10-year track record.
2007-10-16 07:38:39 · answer #7 · answered by Anonymous · 0⤊ 0⤋
You might need a little more than $50.
2007-10-16 07:38:19 · answer #8 · answered by Beanie 2 · 0⤊ 0⤋
Open a brokerage account at Zecco.
2007-10-16 08:10:05 · answer #9 · answered by Anonymous · 0⤊ 0⤋