Question:

How do I start investing in the stock market? Or investing to make money in general?

by  |  earlier

0 LIKES UnLike

What do i need to do? Who do i start talking to? How much money do i need to start?

 Tags:

   Report

6 ANSWERS


  1. READ: The Bogleheads' Guide to Investing: Taylor Larimore, Mel Lindauer, Michael LeBoeuf, John C. Bogle

    Unless you are an experienced investor, I would caution against individual stocks and get rich quick schemes. Reduce your risk and

    check out Vanguard ( http://www.vanguard.com )

    Now is an excellent time to put your money to work. Spread the risk by investing in a mutual fund (Vanguard's STAR is a fund of funds-a fund which buys shares in other funds-and therefore carries a lower risk) . It is comprised of 65% stocks and 35% bonds.

    Make sure any high interest loans/credit cards are paid off and you have 2-3 months emergency cash before investing.

    Vanguard is a low cost, no load mutual fund company. There are others; I have been with them for 30 years and retired early. Your results may vary.

    Read the "Planning and Education" tab if you visti their website.

    Good luck


  2. get a broker acct i have fidelity but u can start off just great with sharebuilders cus it just takes like  a $100 to start a acct with the  there are alot of good books to read my favorites are RULE # 1 by Phil Town and DON'T PLAY IN THE STREET unless you know which direction your stock is traveling by George Thompson

  3. You need to make a plan to help guide you. Check out this free site below that will help you get an overall idea of what steps you should take and things you need to think about before investing.

  4. Best way to start is through mutual funds. It's specially good when the markets are uncertain / volatile.

    Read up on 'The Little Book that Beats The Market' and focus on value investing for the next 3-5 years.

  5. Thats a tough question... no two people have done it the same way.  I started out in undergrad getting my hands on any book I could find... I started hearing about the fundamental side, the technical side, the quanatative side, and had no idea what anything ment!!  It just takes time and hand-on experience for things to set in.  

    Read anything from William O'neal for great technical insight (chart reading and forecasting) and read "One Up on Wall Street" from Peter Lynch for the fundamentals (ratio analysis).  They are both presented well and make a lot of sense.  The best approach lies somewhere in the middle of the two...

    If you want to try on your own, any online discount broker is fine (Etrade, Ameritrade, Scott Trade, etc...).  A full service broker will definitly give you a better education if you take advantage of their services, just be ready to pay up in commissions.

    Start out with money you CAN lose, because you probably will.  Everyone does out of the gate.  And I would come with at least $2000 so you can buy modest amounts of a few securities.  Just get your feet wet... No margin accounts, or options or anything.  You'll know when you're ready to move on.

  6. Try To Read This Out http://easysmartstock.com

Question Stats

Latest activity: earlier.
This question has 6 answers.

BECOME A GUIDE

Share your knowledge and help people by answering questions.
Unanswered Questions