Stock Markets Exposed
how do i start investing in the stock market?
im totaly mew at this, i just want some more income, i have a minimum of $250 dollars i want to start with, tell me everything i need to know, websites, whats the best stocks to invest in, everything.
Public Comments
- First thing to do is put about $15-$20 of your $250 in your pocket, go to a bookstore, and buy Eric Tyson's book "Investing for Dummies" or "The Stock Market for Dummies." They are both good starter books. Vanguard's web site, www.vanguard.com also has information. To invest in mutual funds, you will need more than $250 so keep savings. Mutual funds are what you should make your first investments in, don't take any "best" or "hot" stock tips from strangers on the web.
- $250 is nothing much. Your best bet would be to invest in a mutual fund such as a balanced fund. That would be good especially since you are new. You need to open a brokerage account. You need to transfer funds that will begin in a money market fund. You need to shop around for balanced funds. All balanced funds are not equal. You want low expenses and low upfront/back load fees. Vanguard is a great low cost mutual fund company. You can buy stocks through them as well. You can get some advice. Start reading Barrons, Wall Street Journal, Money, etc. You can watch Jim Kramer on MSNBC, Mad Money. It's a great show.
- Forget the mutual fund, you won't learn anything of value. Open a scottrade.com account and look at a small stock like HCSG health care services or an oil stock cvx; hes; oxy and start watching multiple sectors and stocks. After you have a watch list around 50 stocks or so you will know when to buy and when to sell certain sectors. IE Refiners are easy to time Last summer purchased SUN at 70 sold at 82 bought back at 60 sold at 80. Easy when you follow through your watch list and add alerts. fool.com; stockcharts.com; stockconsultant and buy a copy of Pring's Understanding technical analysis. Good luck; start small; trade smart make money.
- You should understand the main reason why you want to spend money buying a particular stock. This step should preclude investing in stock. It allows you to move swiftly as soon as the price of the stock goes down a lot. If you know the main motivation about purchasing a specific stock, you will not hesitate to buy it once the price falls. Stocks purchased on the spur of the moment can be sold as soon as the price goes down. But if you are buying it as undervalued stocks, you can buy more stocks. Hiring a stockbroker can benefit beginners to the stock investment as they give all the necessary information about the stock to make the buying decision easy. http://debt-trap.com/category/Stock-Investment-Ideas.html
