How do I go about investing in stocks?

Question

My friend/ roommate says that investing in stocks is the best way to earn residual income, coming form interest, etc. How do I go about doing that? What would be my first steps?

Answer 1

Right now is a good time for real estate investing, or so says this

http://real-estate-investing.guidearticl...

Answer 2

first you have to take PAN card then you can proceed so go to pan center apply for it you will get within 20days OK

THANX

Answer 3

Contact a stock broker to find out all the details- they generally set you up for a pretty good run.

Answer 4

Before you do some investing, you need to do some learning.  There are many great investing books and online tutorials out there.  My personal favorite web resource is Investopedia ( http://www.investopedia.com/ ).  It's a great website to learn about stocks and investing in general.

Once you are ready to start trading, you will need to create a brokerage account.  I would recommend an online discount broker because they are cheaper than full-service ones and everything can be conveniently done online.

I currently use Firstrade ( http://www.firstrade.com/ ).  They are cheaper than big name brokers such as Etrade, Scottrade, Ameritrade, and Schwab.  Their website is very easy to use, making them perfect for beginners.  I've been using them for quite awhile now and have had no problems whatsoever.  I would definitely recommend you to check them out.

Answer 5

Antonio,

Investing in stocks is easy. Making money doing so is difficult and time consuming.

You have to read companies prospectives, understand P&E scores, and also understand how to pay taxes on your earnings, as well as deduct what you lose.

May I suggest starting in mutual funds? Try contacting a no load company like Janus Fund and ask for their help in seting up a fund.

If you choose to go with individual stocks go to a local bank that has a financial planner (try Washington Mutual). Ask for their help in getting started.

The final way I'd suggest is try an online set up like Scottrade or E-trade. Begin with companies you know and trust - local ones, or where you shop. For instance, if you live near Seattle try buying Boeing, Microsoft, etc., where they are always in the news.

Never, never invest money you can't afford to lose. It's like gambling.

Finally - now is a great time to buy investment property. Look at buying homes to use as rentals. You have lots of tax advantages there.

"Ranger"

Answer 6

Read the book "Wall Street: The Other Las Vegas" by Nicolas Darvas.