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I want to invest money in stocks, can someone give me good suggestions on where to start ? |
I want to invest money in stocks, can someone give me good suggestions on where to start ? Read books, watch stock programs and update yourself with the latest news. Buy specialized news paper and narrow your choices in a circle of companies that seem profitable. Then act like an investigator and get what ever news you can about those companies. Register yourself with an agency, get advice from them, but make your decisions by yourself. Say NO to a Full Svc broker and Yes to a discount broker. Buy something that you know about and think is a well established and growing company. Ask someone to tell you if it is overvalued yet. If it is not, then buy it and sell if it goes down 15%, hold if it goes up. Report It Buy a very elementary book like "Stocks for Dummies" If you want to invest some money in stocks and earn some more money, I would recommend to go to your bank and talk to financial adviser. Or if your bank does not provide those services for customers, then go to the investment company. They are professionals, they will sit down and talk to you and choose the product, that is right for you. I hope, that info helps:) Watch out for the 'professionals'. Not only can they be refered to as 'professional investers', they can (and some should strictly) be refered to as 'professional salespeople'. The more transactions they do for you, the more money they make. Some are OK, but be VERY careful if you decide to use one. Educate yourself first before you get start. Doing some reading on how to invest in stock. A few books I suggested, One Up On Wall Street by Peter Lynch, and How to Make Money on Stocks by William J. O'neil. There are no fast answers to this question. Open a brokerage account at ameritrade.com and drop me a line. Try buying some Costco stock; the company is steadily growing and you will earn money on your investment, even though our economy is bad. Be prepared though, stocks do go up and down, buy when the stock is down, don't panic! Try this site; paper trade for a few months and make your own conclusion These 2 sites are pretty good for learning. The beginner will do best investing in mutual funds. |
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