13 Sep
I want to invest in stocks. I know nothing about the business but I really want to invest PLEASE HELP ME!?
Ok so I live in Washington, DC. A couple of months ago I so a informercial on TV. Basically it was about how easy it is to invest in stocks and the approach the guy was speaking about was a red light green light approach. Basically this meant that when the areas of investing where red it would be a bad idea to invest and when the green light was displaying then that meant it was a good idea to invest. I want a program thats easy to understand. That will teach me the ends and outs of the business. I just want to start investing and making money. If you have any ideas don’t hesitate to let me in on the secrets. THANKS ANSWERS!
Posted by Rabbit on 13.09.09 at 2:39 am
There is investing and there is trading, speculation. What you saw on the infomercial was a trading system, and for a little more than a few bucks, they would tell you how to read charts or financial news or owl entrails or something to pronosticate how the market will perform–therefore you just need to put your money on the right number as the market does its crap shoot. It could also be a "go with the herd" thing, so if the price is going up, buy, if the price is going down, sell.
Investments are a tad bit different. That is where you look at the news and reports on various industries to see which interests you, what you understand and can appreciate. Then you look at those companies that are doing well in those industries, and note those that have some new contribution or were battered down for some reason and are about to take a new attack.
Find things that you understand. Find things that make a profit. Find things that are likely to make more profit next year than last. Find things like those that have not already run up an enormous amount in market price. That is where you start.
Posted by dr fields on 13.09.09 at 2:39 am
edwardjones will help you ,,,, http://www.edwardjones.com ,,,,,,my self i use scottrade because it is only $7.00 a trade,,,make a millon
Posted by Travis W on 13.09.09 at 2:39 am
Well, there is no big secret.
You will find that stock systems are kind of like those winning in Vegas systems. They are a dime a dozen. I’m not saying that none of them work. However, if it was so easy to get rich in the market don’t you think there would be a whole lot more people making their living that way?
The bottom line is buy low sell high. A stock is worth exactly as much as somebody is willing to pay for it. What somebody is willing to pay is based on the percieved strength of the company and its future potential. In general, the big blue chip companies show steady predictable growth, but this growth is somewhat slow. Smaller prommising companies have more of a potential for explosive growth, but also more potential to become totally worthlesss. So, it all boils down to how much risk you are willing to take for your gains. Generally a blend of higher risk and lower risk investments will give the best overall results.
Don’t forget that each time you make a trade you will have to pay your brokerage. You can use a discout on-line brokerage and expect to pay between $8 and $20 a trade. This doesn’t sound like much, but remember that if you are paying $20 per trade your "round trip" cost is $40. If you are only investing $1000 this means that you must make at least 4% just to cover the cost of the transaction. Also, don’t forget that you must pay income taxes on your profits.
In summery: Fully research the companies you might invest in, don’t put all your eggs in one basket, and don’t forget about the cost of doing business.
Posted by boston857 on 13.09.09 at 2:39 am
What stock to invest in depends on several factors?
1/ The level of risk you can tolerate. If you want low risk stock then invest in stocks thats that are in typically conservative induistries with little volatality.
2/ What are your objectives? You should split this into short term and long term investment goals. Loang term goals should include retirement planning etc…stick with less volatile stock that give a higher yield over the long term……
3/ What industry? Some people have a religious/moral objection to certain industries eg tobacco, alcohol, energy etc.
4/ Get a financial planner…..a planner can help you start your portfolio and keep it fresh for you.
Posted by VP on 13.09.09 at 2:39 am
Hi,
Stock market is good place to earn money as well as forex, metals or commodities trading. But many traders fail because they are too greedy and don’t keep money management rules or even don’t understand that market is unpredictable. So therefore trader must have trading system and always should keep the rules. You could read following books and it help you to create your own trading system.
Market Wizards by Jack D. Schwager;
Technical Analysis by Jack D. Schwager;
Comprehensive Course on The Wave Principle by A.J. Frost and Robert Prechter;
Candlestick Charting Explained- Timeless Techniques for Trading Stocks and Futures by Gregory L. Morris;
Trading Chaos – Applying Expert Techniques to Maximize Your Profit by Bill M. Williams;
New Trading Dimensions by Bill M. Williams
Trading Chaos II by Bill Williams – Maximize Profits with Proven Technical Techniques by Justin Gregory-Williams and Bill M. Williams
For next step you have to open trading account with brokerage company, then deposit funds and start trading.
I could introduce you to one Austrian brokerage company that allows trading forex, commodities, metals, cfd on shares (total available 500 instruments) from the same account. If you are interesting pleas PM or email me (press on my name)
If you open trading account under my referral I provide you with my trading technique for free. I use it successfully for 5 years.
Good luck!
Posted by black prince on 13.09.09 at 2:39 am
You could seek professional advice from anyone who who invests in stocks.Also you could quickly go to http://groups.yahoo.com/group/International-online-exchanges and contact the moderator for assistance.
Posted by MR MONEY on 13.09.09 at 2:39 am
I recommend mutual funds with a long-term approach. This will give you diversification in your investments without paying fees for every stock you own.
Your investment can grow at the same percentage as the investor next to you that invests Ten million. Don’t put all your eggs in one basket. Use a diversified plan tht optimizes growth, value and international (bonds if you want less volatility).
Good Luck!
Posted by vegas_iwish on 13.09.09 at 2:39 am
Forget all systems/programs. No need to learn them. So little you need to know about investing it is not funny. If it were complicated few could do it. Get some core holdings like ADX & PEO; closed end mutual funds with big discounts & low expenses. Invest - don’t speculate. Add IAU, EWA & the like as you have more money.
Posted by drlove on 13.09.09 at 2:39 am
take a course like basic investment from university or sit in,,
know the big company
eg china bank, ing bank, royal bank canada
these are huge
know the big company, if you do not want to risk too much, try mutual funds….
Posted by Frank Castle on 13.09.09 at 2:39 am
Visit Scottrade to open a brokerage account.
I can help you for FREE.
Top 5 Answerer.
Posted by moneytalks0987 on 13.09.09 at 2:39 am
While this subject may seem trivial to most experienced investors, I often hear people asking what they need to do in order to start trading stocks. If you are new to the stock market or are just wondering how to get started, here is what you will need to do:
1. The first thing you need is a brokerage account. Brokerage account comes in two forms, a full service or discount brokerage. The full service brokerage will charge you more for their services. These large brokerages are companies such as Citigroup/Smith Barney and Merrill Lynch of the world. Again, the full service brokerage provides more services so they will charge you more.
Posted by Barry_Robbins_98 on 13.09.09 at 2:39 am
I am a little suspicious of stock "systems". I think the best way to invest is to see what the best investors are buying and selling, and then use their good ideas. Go to http://www.top10traders.com - this is a free site that lets you create a portfolio of stocks with $100,000 in "play" money. Each day the site ranks the best performing portfolios, so you can see how your picks perform compared to other investors. You can also read posts on investing from the best traders, as well as share your own investing ideas. There is also a charting feature , so you can see how your portfolio performs compared to the S&P 500.
Here are this month’s best traders:
http://www.top10traders.com/Top10Standings.aspx
Good luck.
Posted by myluckykk on 13.09.09 at 2:39 am
choices are aplenty when it comes to investing… one such is currency trading and available in 24 hrs a day… there are also many systems available in the market to provide tips as well but do observe their terms and conditions.. take a look at http://www.prosignal-forex.com/index.php?ref=1342 for example. hope this helps!
Posted by drkiwan on 13.09.09 at 2:39 am
In fact, investing in Forex and Commodities is worth trying.
The simple way to make the right decision is to study the market movements.
When studying the market, you will be 80% sure that the market is going up or down. Your study will clear the way to make a decision of buying or selling.
The right entry to the market is not made by watching greens and reds. This is absolutely useless. Greens and reds are just results of trading an instrument within a period of time. Green means that this instrument had gained some pips the very last second you saw the green color. Conversely, you may understand the red color.
Knowing when to buy or sell is what the whole game will be about.
You will see profits. You will see losses. What really matters is that at the end of the day or week or month (depends on you), you must get your profits higher than your losses.
It is also very important to stop your losses when they come to a critical level.
Tricks are available. Ask me and you will get them FOR FREE.
I will tell you how to make the maximum profits while risking the minimun capital.
Posted by taxigringo on 13.09.09 at 2:39 am
Do not invest on this type of advice. First study how stocks and the market works. Wait until you really know what you are doing without any doubt. To do otherwise is gambling and you are likely to get hurt.
Posted by digikc94 on 13.09.09 at 2:39 am
http://www.sharebuilders.com
http://www.virtualstockexchange.com
Posted by Rocky S on 13.09.09 at 2:39 am
The very best way to invest is a mutual fund. They are managed by pros who know what they are doing. They take your cash and other investors cash and buy various stocks. When those stocks go up or down so does the value of your mutual fund shares. Go to Vanguard.com they are very good and have a large selection of funds and they are no load which means no upfront commissions to you. This is the best way for a new investor who does not know anything about investing.