Stock market help??????????????

Question

i want to buy a few stocks and open an investing account but dont know much about the market what should i open my account in General Investing,Employee Stock Plan, Business,Corporate / LLC, Trust & Estate, Investment Club???

Answer 1

If you don't know much about the market I'd buy a well rated mutual fund.  If you want to learn you can go with an investment club but don't go off trading stocks with no knowledge about this - it'd be an expensive lesson.

Answer 2

its hard to say what you are really asking. Are you doing this as part of a 401k or an IRA? How old are you? Younger people should have more of their investments in stocks, where-as as you get older you should be shifting towards mutal funds and other low risk investment options.

Can you give us a little more information on the situation besides that you want to open an investment account?

Answer 3

You will want to open an online account.  I suggest Ameritrade.

You need a stock strategy.  You don't just buy a stock and hope it up. Do you want to trade or invest?  Trading is more fun.  If you just want to invest, buy a mutual fund or two.  

Buy this book used on Amazon.  (should cost less than $1.00 used) Wallstreet Money Machine by wade cook.  Easy reading. Read the chapter on rolling stocks.  His strategy works

also  What works on Wallstreet , by James Oshaunessy.  Lists every investment strategy that there is.  Lots of charts, but easy reading.

Answer 4

Just open an individual account with a brokerage online and buy your stocks online. Fast and simple!

Answer 5

General

Answer 6

I recommend that you open an account at one of the well known discount brokers like Fidelity or ETrade.  To begin you should only put you money in fixed investments (CD's, MMarkets..,) until you educate yourself on what type of investments you want to make.  Investment clubs are a great idea.

Once you develop an investment strategy that you understand and like, you should "paper trade" your account before putting up your real money.  

I am a very active trader and the biggest mistake I made when I started was jumping from one strategy to another.    

Once you open your account you will have a ton of educational resources available to you for free.