Investments?
I would like to know how to get started on investments,and what stocks are best to go with. Who do I go to? Are there any places I can go online to find more info? I have never done this and am wanting as much help as I can get. I am asking about stock trading and buying. Were do I go to find info?
Public Comments
- Montley fools at http://www.fool.com also google DRIPS - buy stocks direct from over 1400 companies
- Congratulations for taking the first step towards finacial independence. Thankfully, for most of us, successful investing isn't rocket science. Here are 8 basic rules that will get you started. Start early, invest often, invest in companies, not stocks, and ignore get rich quick schemes. 1. Timing the market doesn't work. If you try, eventually you will get burned. Rebounds usually happen quickly and if you're out of the market, you will miss out. 2. Buy companies, not stocks. Invest in what you know or what you use or what you believe to be a long-term trend. 3. Corrections happen. You can't live in fear of stock market crashes, because if you don't play, you don't win. 4.Some diversity is good, but too much is bad. Forget mutual funds! They are outdated. 90% of actively managed funds have underperformed the market averages, according to Lipper Analytical Services. You can diversify your stock portfolio by buying index tracking stocks, such as the S&P 500's Spiders (AMEX: SPY) or the Nasdaq Index 100 (AMEX: QQQQ). This also lowers commissions and fees. 5. Having too many stocks can be worse than too few. In addition to Spiders and QQQQ's, I suggest picking no more than 10 of the best-known, best-run companies, with low debt, strong balance sheets, high demand, and great vision for the future. 6. Don't panic. Corrections create opportunities. You wouldn't want to buy always at the market highs. All stocks eventually have a selloff period, regardless of how great an investment the company may be. 7. The most important bill you have to pay each month is the one to yourself. Always pay yourself at least 10%. Let your money work for you. 8. There are no sure things or get-rich-quick strategies that work. If you know it, everyone knows it. "Gurus" abound, and they make a lot of money by selling two things: hype and fear. ...Have a great day.
- It is not a bad idea to invest for long-term first. you can get the 'feel' first and go for trading when you 'feel' comfortable. They key to invest for long-term is, invest in good business. don't risk yourself on speculative or penny stocks just yet. pick stock that have consistently shows 'above-average' earnings growth for the past 10-15 years. in the same time, don't forget to look for stock with highest ROE. this can give some picture on how well they use your money to run their businesses. when comes time to buy, estimate how much the business worth by calculating its intrinsic value. this can be done by discounting future value to current one. then start invest when the price offered within its margin of safety. Happy Investing!
- http://finance.groups.yahoo.com/group/TradingZoom/
- You should try Foreign Exchange trading. I just started with an online company and . The people who followed the program last year made 220% return on their money(there is no guarantee it will stay at that but its up a lot this year as well). It trades foreign exchange currency but its built on the hedge concept. It also leverages your money 400:1. So if you have 1000 dollars your investing its like 400,000 on the market and you gain interest on that 400k. You can try it out for 2 weeks with fake money and you will see how promising it is. If someone averages 12 percent a month on 5k for 6 years it will be 19 million dollars. www.freedomrocks.com/freedemo Email me and I will help you set it up because it can be a little tricky to setup. Good luck
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- You should understand the main reason why you want to spend money buying a particular stock. This step should preclude investing in stock. It allows you to move swiftly as soon as the price of the stock goes down a lot. If you know the main motivation about purchasing a specific stock, you will not hesitate to buy it once the price falls. Stocks purchased on the spur of the moment can be sold as soon as the price goes down. But if you are buying it as undervalued stocks, you can buy more stocks. Hiring a stockbroker can benefit beginners to the stock investment as they give all the necessary information about the stock to make the buying decision easy.
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