I'm a novice, but I would like to begin buying stocks.?

Question

How does that work? How much do I have to have in order to invest? How do I get started? Do I have to buy software to do it via internet or what?

Also, is there a way to hide my earnings so no one knows what I'm doing?

Answer 1

To buy stocks you don't need any software to purchase, they are usually there for the pros to use. There are ways into investing in stocks through either traditional or online.

Traditional is going to a stock brockerage firm and have your stock advisor order you stocks (along w/ commissions and other biased info).

Online is better b/c you are not influence by external factors and you are better in hiding your operations from others.

For online purposes only: To invest in your onine brockerage, you must have a checking/savings account to put your money in electonically, fast, easy, & reliable. You can also try sending funds via mail but it takes time and fees. There are many websites that offer you benefits but I'll that for your choice.

When it comes down to 'how much should I invest' depends on what you're investing in. You don't have to have large amounts of money, just how much you'll be spending should be enough. Why you don't want anybody to know about your earnings is not my business, but you should keep discrete and hide any evidence of your earnings.

I'm biased but "sharebuilder" has always been good to me b/c of the commission rates and automatic investing. There is a website that will fill you in on any gaps of stock investing called investopedia. They have a stock portfolio simulator where you trade w/ fake money but trade in real time. I hope this should suffice.

Here are some brockerage firms you might find useful:

Answer 2

First to your last question. It is almost impossible to hide your earnings because in stock income tax always deducted on source. No minimum amout needed to start stock business. It is easy to start .. open a dmat account with a reputed broker and start buying and selling. Remember to spend time learning the concept.

Answer 3

You need to start with a minimum of about 500 to get started without commissions killing you. Just open an account with TDameritrade (they are a reasonable low cost broker). Once the account is open send them a check and you can begin to buy and sell. I would recommend getting a book or two on the subject of investing. You dont need to buy any software.

As for hiding your account activity, you cant from an account in the US, your broker sends statements to the IRS. You need to open a brokerage outside the US. However, thats technically illegal (hiding your profits not trading from foreign accounts).