i know nothing about stocks. how can you invest it, like apply for it or whatever? what are some of the relatively safe stocks? and please tell me about it. thank you.
2007-10-17 16:20:46 · 7 answers · asked by dazed and confused 2 in Business & Finance ➔ Investing
I would build a portfolio with low fee ETFs and mutual funds to achieve asset allocation. Take a look at the ETF investment guide I linked to in my sources. The guide is very easy to read and was written by a former stock broker. Take a look at yahoo finance. There many helpful articles listed there as well.
Then once you make up your mind on how you want to go about creating your portfolio, you can open account at any online brokerage like eTrade, Schwab, Scott Trade, etc. Or try your bank. I know Wells Fargo, Citi, Bank Of America all have online trading options. Opening an account can be done online at most places these days, so you won't even have to go to there offices. Find the one that will give you the giving you the lowest commisions and fees. I use Wells Fargo for all my banking and investments.
Whatever you do, don't take stock tips from strangers on, T.V., internet, cocktail parties, etc.
2007-10-17 17:39:53 · answer #1 · answered by thethirdheat 3 · 0⤊ 0⤋
My recommendation is just go to the book store and start reading about stocks and investing. There are allot of books that will explain about investing, some are good and some are not.
As far as safe stocks? Anything you invest in comes with some type of risk, but stock that will be here for a long time that you might want to look at are:
PG, JNJ,CL,GE.... these are good companies that pay a nice dividend.
2007-10-17 17:05:11 · answer #2 · answered by Grandpa Shark 7 · 0⤊ 0⤋
yIt would help if I knew more about your specific situation. But for a beginner your best bet is to buy a mutual fund that tracks the Standard and Pours 500 ( Vanguard would be the best) of if you have a brokerage account but the SPY. Long term investment yields about 11 - 12 Percent per year.
It is very safe over the long haul and does much better than a savings account.
2007-10-17 16:52:21 · answer #3 · answered by Anonymous · 0⤊ 0⤋
Before you do anything, read up as much as you can about investing. And before you spend a single cent of real money on any stock, use a stock trading simulator to get a feel for what buying and selling stocks is like. There are several online. Investopedia has a good one: http://simulator.investopedia.com/ . It is easy to use and designed to be a teaching tool for investment beginners. Investopedia also has a lot of good tutorials for beginner investors: http://www.investopedia.com/university/buildingblocks.asp
2007-10-17 16:42:36 · answer #4 · answered by Paul M 3 · 0⤊ 0⤋
Don't ask for investing advice from strangers whose qualifications and motives can never be known by you.
Read a couple of good books on investing. Take the time to learn and understand. It will save you thousands of dollars over your lifetime.
2007-10-17 16:51:16 · answer #5 · answered by Common Sense 7 · 0⤊ 0⤋
first thing you need to do is to find a brokerage firm. this will make it so u can trade it online. from there, pretty much all firms have a beginners section which will advise you on how to analize stocks, and will also explain how you can invest
2007-10-17 18:11:55 · answer #6 · answered by Anonymous · 0⤊ 0⤋
Read www.fool.com. Start with mutual funds.
2007-10-17 16:25:58 · answer #7 · answered by Kyle B 4 · 0⤊ 0⤋