I plan to invest 5000 to 10000 in the stock market. but I don’t know how to start out with. Please help.
SHAYNE
Comments
Listen, darlin’, unless you seriously know where you’re going with the stock market, stick with a mutual fund that you can trust. Don’t tamper with the big boys. They[ll chew you up and spit out what’s left of you. Trust me.
Start by reading up on stocks as much as you can. Read the financial section every day. Pick eight stocks and guess if they will go up or down by next month and write down reasons why. One month from now you will see if you were right. If you are wrong, find out why.
You will have an urge to invest everything now. Resist it. Go slow untill you have an understanding of how the markets work and what makes a stock move up or down.
When you are ready to invest in a stock, find out everything about the company. If they hide or conceal something you think is important, move on.
The poster above me said to stick with a mutual fund, that is a good place to start. They won’t “chew you up and spit you out”, you will wind up doing that to yourself if you are not careful.
You will hear hundreds of tips and strategies. All of them are right and wrong, timing is the difference. You will learn in time to pick stocks.
What i reccomend is to start a 100/month deposit into a mutual fund just so you can see how it operates. Do some practice trades and go on from there.
You can get a discount broker like etrade or charles schwab and do it cheaply. Don’t rush a purchase or sale.
To maximize gains while minimizing risk of losses, you could start out by investing equal share of amount money into 5-10 different top rated stocks for long term gain (1 year or more). Usually the returns are far greater than mutual funds in a long run. Try to stay away from stocks worth less than $10 unless in the beginning you know what you are doing.
send your money to me and i’ll invest it for you. When you make a profit i’ll send it all to you, and if you ever want your capital back, just ask and i’ll pop it in the post….honest
Investing in “individual” stocks takes a lot of knowledge and practice; so I would not suggest doing this until you understand completely how the stock markets work, or you will become very frustrated and disappointed.
Visit Vanguard.com and learn about mutual funds, index funds, and exchange-traded-funds (ETFs). Trading funds is less risky than trying to trade “individual” stocks.
There is no stock in the world that is always going to just keep going up and up and up. Anyone who tells you there is such a stock is not being honest.
Listed below are links to FREE investing websites where you can learn the basics; otherwise, you are just going to be gambling.
invest your money in education first ! you can either do seminars or buy books about stock investing.
I too agree that you need to educate yourself before risking your hard earned money. You cannot just take tips from Yahoo Answers without really learning about the company you want to invest in. Also, I suggest putting your investing skills to the test at before risking real money. It’s a free site. Good luck !
