I'm not rich, just an average American. I was wondering if anyone could give me any advice on what stock(s) to invest in? Is now even a good time to invest with the state of the economy? Before any one jumps in and tries to buy stock, they must first decide if they are going to be a trader or an investor. (A trader is very short term holder of a stock 鈥?1 minute to 3 months, an investor is a 6 months and beyond holder). Decide on how much capital you have available for investing/trading and how much of that are in going to spend. (You should never spend 100% of you investing/trading capital on a particular stock. Decide what industry in want. Look for good trades/investments in that industry and move with caution.
If you want to trade, NEVER NEVER, go into a trade without knowing where (or when) you are getting out of it. If you鈥檙e an investor, look for good company fundamental.
Start your life in the investment world by educating yourself. The first investment you should make is in yourself and the best investment you can make is in education.
Start your investing/trading education by learning why you should invest, and the importance of being able to make your own decisions. See how the pros have done it. Start by reading, What Works on Wall Street by James O'Shaunessey, Beating the Street and One Up on Wall Street both by Peter Lynch, The Warren Buffett Way by Robert Hagstrom, Trading For A Living by Alexander Elder 鈥?鈥淗ow to Make Money in Stocks鈥?by William O鈥橬eil and The Disciplined Trader by Mark Douglas.
Get into the habit of making daily visits to some websites like MSN Money and Yahoo Finance. While at MSN read the Commentaries by Jim Jubak, Jon Markman, Harry Domash, and Liz Pullman Weston. Following the strategy lab analysts to get a feel for what the pro鈥檚 are doing and why. This site has some basic information for beginners. If any site offers free information, take it.
Other website that can provide instructions and help with procedures and terminology are Investopedia.com, Stock Charts.com, and 1source4stocks.com
Visit some of the more professional websites like Zacks.com, Smart Money, Schaeffers.com, Trading Trend, Trading Markets, these website will have advertisers who are worth looking into also. And remember, if they offer free information, get it.
Attend all the free seminars you can, just be careful and don鈥檛 get pressured into anything you really don鈥檛 want or need. Most schools offer courses in finance and economics, but very few will have courses on the mechanics of the investment markets, if they do try taking the course. You may want to consider on-line courses, the New York Institute of Finance use to have such courses. Try to get some fee information from the stocks exchanges they all have (had) free booklets, SIAC and some of the regulators (NASD SEC MSRB CBOE) may provide some free literature.
What do you need to go into the market?
1 - A written sound trading/investment plan with rules that will not only help you but more importantly protect you, mostly from yourself.
2 - Sufficient trading/investment capital. Use your own money, there鈥檚 no need to go into debt so that you trade/invest.
3 - A written money management program in place. Remember never invest 100% of your capital into any one security.
You at least have made the right decision to start investing, this is the first big step and it won鈥檛 be your last. Keep taking those steps forward and along the way never take the advice from people that are not in the market or try to tell you not to invest. Good luck on your journey Gold homie, invest in gold! gold
google
new internet websites that seem they could expand are good.
DONT do anything with gas. For a safe investment, try Treasury Securities or Savings Bonds from the US Government. Or invest in a CD at your local bank.
If you want to play the market (which has a higher risk level because the government doesn't back your investments in companies) try a mutual fund or index fund. At least then you are investing in lots of companies at once, so your risk isn't too high.
Of course, it's always okay to find a company you like, and buy a stock or two, just for the heck of it!
Overall it's very important to diversify, too - put your money in different sorts of places so that all your eggs aren't in one basket! There are several options available. I will give you my opinion.
Your first option, should be to open a retirement account. This is always a good investment, regardless
of who you are.
If you have fully funded your retirement account and would like other options, you should consider a DRIP Plan.
They are seldom recommended by brokers due to the low rate of commissions received. However, these
reinvestment plans can be very powerful long-term investments. Studies have shown that DRIP's are one of
the best strategies on Wall Street.
They are inexpensive and easy to start. New investors to the stock market should definitely consider a DRIP Plan.
Companies like Toyota, Royal Canadian Bank, Sony, Bank of America, General Electric and many other Blue Chip
Stocks can be purchased through your DRIP Plan, with as little as 1 share in most cases.
These long-term plans are great for beginners as well as veterans. Check them out.
Best of Luck None right now. For simplicty sake, avoid conglomerates and multi-line businesses like GE. Invest in something you KNOW.
Here's a tip, find just one or two, and just start following them. Read about them like you would a column in the evening paper. Then, when you see a good buy point (you'll know it), do it! Visa. Ticker symbol V In my opinion, it's not a good idea to buy a single stock as your only investment. With a single stock, you're not diversified and you could lose everything if that one stock tanks. Instead, I'd suggest you invest in a mutual fund. A mutual fund owns a diverse group of stocks, managed by a professional investor. Well-known companies like Fidelity, Vanguard, T. Rowe Price, and many others offer a variety of mutual funds to new investors. Corn stock would be a good place to start. A company to invest in is Day Star Technologies, it has been forecast that it will triple in value in the next couple of years. Stock prices are low. Another may be Spatia Light which is HDTV stocks price is a steal but could be very profitable in the years to come. Hope this helps. Yahoo! and Take Two Interactive Software. Hello,
I also had a similair problem as you have.
I had a good amount of money, and wanted it to grow.
So I looked around on the internet to find something that is:
1) giving me great returns towards a relatively small risk
2) Professional people who know what they where doing with my money.
I'm glad to say I finally found a moneymanager who is capable of giving me good returns and give me a great support.
On this blog you can follow up all the results that he is making:
http://my-robottrader.blogspot.com/
My money is working for me, in three months time I already have a ROI of 82%.
So you don't hear me complaining!
Annyway if you would like to get in touch with my moneymanager to have some more information feel free to contact me you can send an email to me at derrekmay at gmail.com.
Then I'll give you the email adress of my moneymanager
Hope this has helped you! Amerityre Corp (AMTY) $2.03 Every day some stocks are making new highs no matter what the state of the economy is. |
