How do i study on stock market and how to invest properly?
Recently i am interested in investment and the stock market. But i am also aware of the risk in it. With proper knowledge, i am able to reduce the risk. So how do i learn all this?
Public Comments
- I highly recommend The Motley Fool (Website below). Don't let the name scare you, give it a chance. They explain investment strategies and finance of all kinds in easy to understand terms. Good luck! It's a great itme to buy into the market.
- "Getting Started in Stocks" by Alvin Hall. It's very easy to read and very informative. After that, you need to read everything you care to read because there are many different strategies and it's all on you because it's your money.
- If you take a long-term approach to investing, the amount of knowledge you need to be effective is minimal. If you have short-term goals in mind, your knowledge has to be expanded tremendously. Just keep in mind, that the shorter the time span, the more likely the risk is to be high. Your first option should be to fund fully a retirement account. If you have done this, or you wish to wait on the retirement fund, then one of the best things you can do is open a DRIP Plan. They are seldom talked about because brokers make very little money when they suggest them. Yet, they have proven to be one of the best, if not the best, long-term strategy on Wall Street. The best part is you get solid annual returns from well-known, safe Blue Chip companies like: McDonalds, General Electric, Pfizer, Walmart, US Bancorp.......etc........ They are inexpensive to start and maintain, and your dividends are reinvested for free. They are perfect for small investors, as well as big investors. They are safe and allow you to not care about whether the market is going up or down. Look closely at any suggestions you get from the forum here and ask your parents or a family member for their opinion when you finally decide what investment route you are going to take. PS.....I went to the link that the lady left you. It goes to "Marl the Stock Trading Robot".........I would not recommend you putting your money in something so risky.
- First go to your local bookstore and buy books on technical and fundamental analysis. Read them until you're done and then start watching the markets and a few stocks. You have to learn to trade without emotion. Don't worry if it sounds complicated, eventually you will get it. Make sure you find a broker that doesn't have fees for everything. Scottrade is a good one in my opinion. Good luck.
- Through www.TheMapleInvestor.com. There it gives you books you can read, websites you can visit and blogs that teach you how starting in 1 week. Its open now
- I suggest that you read a book called 'The Intelligent Investor' by Benjamin Graham. Warren Buffett swears by this book. And since Warren Buffett is the second richest man in the world. Perhaps he knows what he is talking about.
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