Stock Markets Exposed
where do I go to start investing money in the stock market?
i want to become a stock investor because I have some extra cash and looking to make money off the stock market I would like to know how it works? how i should go about it? and where do i start?
Public Comments
- First, make sure you have an emergency account ex. savings account. Then, you can set up a brokerage account with a brokerage house, buy stock from the company directly, or through a no load mutual fund.
- YOU DONT YOU SIT BACK FOR ABOUT A YEAR, BECAUSE A LOT OF THE COMPANIES WOULD NOT HAVE SURVIVED, THEN LOOK AT THE ONES THAT HAVE AND SEE HOW THEY HAVE SURVIVED. PUT SPARE CASH IN TO GOLD OR PLATINUM OR GOV BONDS, THEN YOU WILL STILL HAVE CASH IN A YEARS TIME. REMEMBER NORTHERN ROCK BRADFORD AND BINGLEY WOOLWORTHS ZAVI ICELAND, ALL GONE LLOYDS,HBOS,DEBENHAMS, AT RISK
- www.etrade.com (the best but minimal balance required or you need to open a checking account so your brokerage account isn't charged a fee.) www.scottrade.com (not as good as etrade but no minimal balance required) Right now is a great time to begin investing in the stock market. It may go down a little bit more but it will definitely rebound fairly quickly in the next 6 months. Right now is a really choppy time, some days are down 5% and others are up 5% (lot's of volatility so it should be fun) The main thing is that you need to open a brokerage account and the "discount" brokers that I listed above give you a lot of flexibility. As always, only invest money for the long haul or money that you don't plan in using for a few years and you will be sitting good. Both web sites have tutorials for beginning investers. More than likely you will start off buying companies that you know and are familar with their services. It's better to buy a company that sells a product or service that you like/ or believe in then to buy a company that you don't really know about except that it appears like a really good deal based on price and what everyone else says about the company. I recommend starting out slow. If you make a deposit and open up a brokerage account, don't invest all you money in one day. Invest it in stages so you can take advantage of any market down swings. Etrade has a great IRA package with no minmal balance requirement but it's a retirement account. This might be a good starting point for you to throw a couple dollars in this account and start trading. Once you feel comfortable, open a brokerage account. Mutual Funds are under rated and they provide huge returns with the least amount of risk exposure. Not to mention, Etrade will let you buy and sell most of them for free. Make sure they are "no load funds". The only catch is that you need to hold them for 3 months. I would throw $1,000 in the stock market anyday then take a vacation and blow it in a week. Don't listen to the people who tell you to wait. They are the ones that will wish they did what you did when you did it. Have fun
- I am an amateur like yourself. However, the first thing I would do if I were starting out today is understand risk. A very good introduction to risk is Peter Bernstein's "Against the Gods". Next, learn to keep a ledger sheet. Lying to oneself and ones friends can be all too easy. The stock market is volatile and full of risk, although many are saying there is opportunity which there is. Define your time frame: 2, 5, 10 or 20 years. Find a strategy you have the stomach for. Example build a spreadsheet to find out how much money you would have made over the last year by buying KO at 42 and selling KO at 44. Alternatively, compare the dividends you would have earned last year by owning a tobacco stock like LO rather than a CD at your bank. Learn early and learn well the difference between an adviser and a salesman. Finally don't fight the street, learn to live with the Pro's.
- If you are serious to invest, you can google for HSFX Asset Management and start making consistent return!
