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If i received money in the amount of $1500.00? |
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Since we are in a recession, is this a good idea ? |
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Laura | Help please? |
So I just decided to invest in stocks. Are there any forums or really helpful websites that can dumb down the procedures that I need to follow?
Thanks! |
|


barry_robbins_98
|
I think the first thing to do when getting started in the stock market is to first study what the best traders are buying and selling. This is the idea behind the site 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.
Here are this month's best traders:
http://www.top10traders.com/Top10Standings.aspx
Good luck! |
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tpu76
|
Before you start Laura, it's best to understand what's your objective is and condition is. Each person has different investing need and objective. A 55 year old widower will most probably have a different goal from a 25 year old with good job. So before you start, you have to be clear on what your objective is. Wealth protection? Wealth growth?
Depending on your situation, objective and needs, you might also want to look at other investment such as bonds. If you have enough capital, you might want to divide your portfolio of investment into stocks and bonds, instead into just one of them, and then adjust their portion depending on your goal.
Frankly it's hard to give a good answer without knowing your condition and objectives. But i notice from your question that you mentioned "dumb down procedures".
I would think it would qualifies you as a "defensive investor" that Ben Graham once described. Should that it be the case, then i would suggest that you divide your investment in stock market index fund (or by buying broad market ETF), bond fund and for-ex fund. That way, you don't have to care whether bonds are outperforming stocks or stocks outperforming bonds. Either way, you're participating in the market.
I hope that helps |
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laura
 |
You need a basic and detailed guides with examples.Here are leading online stock trading compnies offering free training guides and also latest and daily analysis on best stocks.
http://online-trading1.blogspot.com/ |
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unquenchablefire666
 |
It's not a good idea to go into stocks without a good idea of what your dealing with. You should spend quite a bit of time researching how the market works before you invest. |
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cmeduck
|
Here is a good page to learn investing for beginners:
http://www.best-stock-trading-systems.com/internet_stock_investing.html
Also try http://investopedia.com/ |
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muncie birder
 |
Head to your library or book store and get "Investing for Dummies" as a first step. There are a lot of decent internet sites including Fools.com. But read the book first. |
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buklao
|
Hi, in my opinion, stock forum is full of junk. There's the typical Yahoo Finance board which is sometimes good, but mostly full of junk. However, I found one site that is pretty good, give http://ibooyah.com a try. |
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sishakara
|
there are a lot of resources out there. one thing i suggest is to not invest in anything until you can tell anyone in 5 minutes or less-- what it is, how the investment works, how much you could make or lose, and have them understand it well. |
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Albert H
|
Let me recommend that you watch Mad Money on CNBC Television, it is entertaining and educational. Do not feel like you have to use his stock picks however.
Online just pick a stock of a company that you are familiar with and research it on Yahoo Finance, probably the best free online source for free research.
If you are talking about the mechanics of actually opening an account and making trades visit a Scottrade office, and they will walk you thru the mechanics, but will not give you picks. |
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Frank Castle
|
Procedures?
It takes less than 10 minutes to open your account right now. |
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