Will I have to invest a lot of money? How does this whole process work? What stocks look lucrative? Thanks in advance for any advice.
2007-12-16 02:54:58 · 5 answers · asked by silvernaps2004 1 in Business & Finance ➔ Investing
Mistake #1;
Asking strangers (whose qualifications and motives can never be known).....
Mistake #2
Looking at brokers before reading several books on investing.
Sharebuilder is a fair choice. There are better ones. BUT LEARN INVESTING FIRST!
2007-12-16 06:02:59 · answer #1 · answered by Common Sense 7 · 1⤊ 0⤋
You only have to invest minimum amounts, which will return similar gains and losses.
Stick with mutual funds and long term strategies until you do your homework. Investing is for the long haul. For short term cash, play craps. Better odds, easier to comprehend.
Do not invest what you cannot afford to risk, and a "sure thing" probably is not.
2007-12-16 03:05:56 · answer #2 · answered by pops 6 · 1⤊ 0⤋
Find the closest online brokerage firm that has an office nearby - Charles Schwab, E-trade etc. Opening an account in person is much less stressful with some one there to help you. They will also show you their system. You will need to deposit money for the transaction before they will do it.
2016-04-09 06:53:12 · answer #3 · answered by Anonymous · 0⤊ 0⤋
From what ive heard sharebuilder are ok, with some good stocks and a little research you will be fine. For a list of good stock I am using http://www.goldenbullstocks.com they come highly recommended, test drive their stocks you will be impressed!
2007-12-16 04:09:02 · answer #4 · answered by Anonymous · 0⤊ 1⤋
If you have no knowledge, start with a book like "Investing For Dummies." Also, you can take on-line investing tutorials at morningstar.com or investopedia.com.
2007-12-16 04:59:13 · answer #5 · answered by Anonymous · 0⤊ 0⤋