How do I get started with stock investing if i know nothing about it?
Thursday, March 11th, 2010 at
4:12 pm
Do you know of any school courses, books or dvds that can help me out?
try investopedia, they have a good introductory program and a simulated market for you to try www.investopedia.com
Filed under: Stock Investing
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try investopedia, they have a good introductory program and a simulated market for you to try http://www.investopedia.com
References :
if u don’t know nothing then u cant invest because u go to invest then probably u can loose hard earned money so first learn what is stock and how its works and other thing to invest in the market.
References :
start with basics read about it every BASIC book. i would strongly recommend you to read RICH DAD POOR DAD and its full series if your realy serious about money,
keep watching CNBC specially, just start digging you will find water of KNOWLEDGE
References :
Investigate the different investments you have available to you. Make THE BEST investment you can: Invest in yourself – your own education. Once you have that knowledge, no one can ever take it away.
In the beginning “newbie” traders & investors DO NOT INVEST any money. It probably won’t be long when you’ll feel you’re ready to invest your hard-earned money. Before taking that step, you really should do research about what you are investing in.
You should LEARN HOW:
A] the stock market works. B] to invest in many, many various ways. C] to properly trade
D] Properly manage the money in your trading account.
"Newbie" investors & traders ALWAYS make mistakes. In fact, throughout a person’s trading, he/she makes mistakes.
In the beginning, you READ & LEARN about the market & how it works: Read "Investing for Dummies" As you read & do research about the investments you are interested in, sometimes you’ll come across a financial or investment term you never heard before.
http://investopedia.com is a free site. It’s recognized by Y! A as a "Featured Knowledge Partner".
You can usually find excellent, easy-to-understand definitions of many financial & investment terms by going to Investopedia’s dictionary.
It also has a free, paper trading platform. You can set up a virtual account & almost trade as though you were trading with real money.
http://finance.yahoo.com is also recognized by Y! A as a "Featured Knowledge Partner"
THIS IS NOT SPAM: I DO NOT know this man. I am not associated w/ him in any way. I know of him & the wonderful book he wrote. You should invest in a copy of
“The Richest Man in Babylon” by George S. Classon. You can get the book on http://amazon.com
Its easy to read & follow. You can write in it & make notes in it. Simply read five [5] pages of this book – or any book – each and every day.
OR You can leave it on the shelf, on a table or on the floor & let it collect dust.
Thanks for asking your Q! I enjoyed answering it!
VTY,
Ron Berue
Yes, that is my real last name!
References :
My wonderful family!
My wonderful coaches and mentors!
TWO [2] of THE ABSOLUTE BEST, MOST wonderful trading groups in the world, which I am most proud to be a member of!
Trading stocks and options more than 2 years.
"THE University of Hard Knocks"
You would be unwise to start playing around with stocks. Use index funds.
Here are some fundamental principles:
1. Do not chase past returns. People that buy funds because they have done well in the past are doing exactly that.
2. Do not market time. Market timing is buying based on your (or your newsletter, or your TV, or neighbor’s) guess about what is going to happen in the future. Even if someone knows something, you’ve already missed the boat. The price already reflects what you just found out.
3. Use index funds. Over time, index funds outperform actively managed funds, mostly because they do not have those high expense ratios. Some actively managed funds do beat their index, but the ones that do usually do not do so consistently. So why gamble? Use index funds. If you want to use a few actively managed funds, make sure that the costs are very low. Vanguard has some good ones.
4. Diversify. Don’t put all your eggs in one basket. Own a mix of bonds, domestic equities (large, small and mid cap funds), an international fund and perhaps a REIT (Real Estate Investment Trust) and emerging market fund. Four to six funds is all you need.
5. Consider taxes. Use the least tax efficient funds in your tax-deferred accounts and the most tax efficient funds in your taxable accounts.
Really, don’t gamble your money away.
References :
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try investopedia.com
There are 6 major stock investment styles. The effectiveness of each style is based on the reasons and the needs of the investors.
Brother-in-law investors consult other people while buying or selling stocks. The people they confide in have easy access to excellent stocks but should move rapidly to benefit from the scoop.
Technical investors analyze the stock movements carefully and then draw the stock patterns before buying and trading. Their investment styles take into account the estimated stock price projections and use computers to check correlations and mark existing patterns.
Economist investors work with economic forecasts to make their purchase decisions. They take risks that are offset by the money they invest in stocks depending on accurate market hypotheses.
Scuttlebutt investors base their decisions on information collected from vendors, researchers, trade executives, and at times gossips. This data is then pieced together to get the exact scenario.
Value investors rate their decision on the value of the stock instead of its market price.
References :
http://debt-trap.com/category/Stock-Investment-Ideas.html