I am interested in buying some stock. Any suggestions ?

Question

I don't know to much about the market but I want to get involved in it

Answer 1

The best thing to do is to see a professional broker. He/she can help you make informed decisions about where to put your money.

With the Dow being so up and down, mostly down lately, you might want to consider a money market account, municipal bonds, or guaranteed interest annuities, including an IRA.

Answer 2

don't even think about it unless you have 6-12 months living expenses saved up.

Answer 3

hmmmmmmm well if you get into it

you'd better have a lot of money stored away

Answer 4

DON'T LISTEN TO THE SHILLS !

If you want to invest in the stock market and learn how to trade stocks, the first thing you need to do is EDUCATE YOURSELF.

Go to this website, IT'S  FREE !

http://www.investopedia.com ,

Start reading, reading and doing more reading.  

Then when your done reading, go back over everything you've just read, and read it again until you have a complete understand about everything you have read.

An uneducated investor is a failing investor.

Don't take stock tips from anyone, if you do 99.99% of the time you will loose money.

Don't let a stock broker handle your money for you, why?

Because he doesn't care about your money, he only cares about his money, and he only wants to make your money his money.

Learn how to do a fundamental analysis.

Learn how to do technical analysis.

Learn how to trade options.

Learn about candlestick charting methods, and how to interpret the signals.

Learn about the MACD, and stochastics indicators.

Learn about moving averages.

Learn about fibonacci lines.

Do not put your money into mutual funds, the returns are not that great, and they're not optionable.

Do learn how to trade ETF's ( Exchange Traded Funds ),

they are optionable.

And don't let anyone, I REPEAT, don't let anyone tell you that you have to have so much money saved up before you do start trading. I only have about $500.00 in my brokerage acount and I do just fine.

Do research into the different online brokers to find out who has the lowest commission rates,

what the minimum amounts are to open an account,

who has the least amount of fees,

who provides the best tools for doing technical analysis,

Start watching Fast Money on CNBC to find out what the market is currently doing.

Start watching Mad Money (For entertainment purposes only)

The bottom line is..... Don't do anything if you don't know what your doing

Answer 5

You can either visit a major brokerage firm and speak with a sales representative about investing, or you could educate yourself a little before you make that move.

It cost you nothing to speak to a broker, and they may have some hand-outs for you.

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” 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. If any site offers free information, take it.

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.  And remember, if they offer free information, get it.

There are many people just like you that are, or were looking to invest and those that did bought Mutual Funds and/or Exchange Traded Funds (ETFs).  One purpose of mutual funds is to help investors like you, who are either just entering the investment world or who have no investing experience.  

Once you feel you at least have an understanding of investments you should look into ETFs which are similar to mutual funds but are traded on the exchanges.

Mutual Fund companies as well as ETFs have an entire array of products many will fit your needs. You can go to the MSN.Money website

http://moneycentral.msn.com/home.asp  it has an entire section on mutual funds and Exchange Traded Funds.  Read about the various products and in doing so you will be getting investment ideas and at the same time educating yourself about investing.

You could also contact the funds companies for more information.  I have found that Vanguard & Fidelity can meet your needs for mutual funds.  The service and information they provide is all free and you will find it helpful.

Regardless of what you decide, do not ever let anyone tell you not to invest, especially those that do not invest themselves.

Answer 6

The trend lately is to not buy stocks for the sake of owning stocks. You could look in to buying/investing in companies shares(not the market) by DRIPs. Drips are offered by companies to their shareholders as a way to buy stock directly from the company (usually through a transfer agent) in very small amounts to large amounts, and usually on a monthly basis if desired. The plans also reinvest all or partial dividends paid (it's up to the shareholder) into more stock, thus the name "Dividend Reinvestment Plan."  You may also be interested in REITs which also have available DRIPs plans. Real Estate Investment Trust security that sells like a stock on the major exchanges and invests in real estate directly, either through properties or mortgages.

REITs receive special tax considerations and typically offer investors high yields, as well as a highly liquid method of investing in real estate. In the U.S., REITs generally pay little or no federal income tax, but are subject to a number of special requirements set forth in the Internal Revenue Code, one of which is the requirement to annually distribute at least 95% of their taxable income in the form of dividends to shareholders.