How can i invest money into a stock ?

Question

Hello , I am 21 years old and I'm interested in putting some money into a stock . I'm not sure which one I should invest in ( being as though there are so many ) any ideas ? What do you think the average cost for one would be ? How would I get started on this ? Do I have to consult with anyone ? Will it take a long amount of time before I see progress in my investment ? Thank you for taking your time to read this =)

Answer 1

Zecco.

Answer 2

Well would you like to manage it on your own?

If so there are numerous books, but the best for me to start were the Jim Cramer books. The books and his personality got me hooked on the stock market, he also has an show on CNBC called Mad money where he has 3-4 segments on individual stocks and industry's. Great books too, my fave is the original "mad money.

Good luck!

Up to someone else?

Well there are lots of books on that too, a great one is called "the little book of common sense investing" by john bogle. A wonderful book by a legend in the investing world, I actually bought the book.

He talks about index funds, which he invented, they track like the Dow, S and P or the nasdaq and offer great returns as they have smaller fees then your ordinary mutual fund. Mutual funs= 2% Index fund=0.1%

Anyway, check it out for yourself!

Answer 3

yes go a company called edward jones and ask about a mutual fund that one of the save ways to invest and a hundred dollers can get you started  

Answer 4

Before you invest in any security, the first investment you should make is in yourself, and the best investment you can make is by educating yourself.

Start your education by learning why you should invest and the importance of being able to make your own decisions or how the pro’s make theirs.

Here is some reading material that can get you started in the right direction, The first book you should read is Rich Dad Poor Dad by Robert Kiyosaki

Then try some of these

What Works on Wall Street by James O'Shaunessey

Beating the Street by Peter Lynch

One Up on Wall Street by Peter Lynch

The Warren Buffett Way by Robert Hagstrom

How to Make Money in Stocks” and 24 Essential Lessons for Investment Success both by  William O’Neil

Get into the habit of making daily visits to some websites like MSN Money and Yahoo Finance.  (http://moneycentral.msn.com/home.asp http://finance.yahoo.com/ )

While at MSN following the strategy lab analysts to get a feel for what the pros are doing and why.  This site has some basic information for beginners.

Other website that can provide instructions and help with procedures and terminology are Investopedia - http://www.investopedia.com/  Stock Charts - http://stockcharts.com/ http://www.investorshub.com/  http://www.1source4stocks.com/



Visit some of the more professional websites like Zacks - http://www.zacks.com/ Smart Money - http://www.smartmoney.com/  Schaeffer’s – http://www.schaeffersresearch.com/

Some of these web sites will have advertisers who are worth looking into also

Just don't rush into investing, learn what you are doing, why you are doing it and how to do it.  This may take a little bit longer, but at least you will have a good understanding of investments and the various products that are out there.

Listening to television shows such as CNN or MSNBC is not going to get you there. They will hype you up, but teach you nothing.