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NIKNAKMASTER1 | I dont know anything about STOCKS. I want to invest b/c i have a little money and dont know what to do with it |
A website would be helpful also |
 |
 
Jeffrey F
 |
If you are not sure how to invest or in what to invest, you will stand a chance to lose a lot of money very quickly.
My suggestion to you is to talk to your bank and find out how to get the most from your money. They will probably suggest that you invest in a money market account which the interest/yield is vested in many a varied commodities and stocks.
Most investment companies, like Bear Stearns only want $10K++ accounts as $10K can control positions in aggressive investments.........
You need to build a savings then you can move it into investments.
Talk to your banker, they know their products. |
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Russell G
|
Your first option should be to fund fully a retirement account. If you do this, and you have extra cash, then one of the best things you can do is open a DRIP Plan.
Go to : low-cost-stock-recommendations
.com
Click on the "DRIP's" Button on the Navigation Bar
These powerful investment plans are seldom talked about because brokers make very little money when they suggest them. Yet, they have proven to be one of the best, if not the best, long-term strategy on Wall Street.
They are perfect for small investors, as well as big investors. They are safe and allow you to not care about whether the market is going up or down. They are a must for any serious investor.
If you decide you are interested in DRIP Plans, click on the advertisement on the same page "$4 to purchase stocks". This will answer your next question, which is, How do I get started? and what is the least expensive way to get started?
I strongly recommend looking into it. They are great plans.
Good Luck |
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andrea.force
 |
The smartest money guy I know told me that I should invest in Index Funds. Index Funds are based on the S&P 500. He says, that over time, mutual funds do not outperform the S&P 500.
I don't know anything about stocks either, so I wouldn't attempt to pick them myself. |
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samantha24
|
dont invest right now if you cant afford to loose it, tell me about how much you wanna invest Ill give you an idea you wanna thank me for |
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makebankken
 |
Give Charles Schwab a try (schwab.com). They have no account fees, and you have free 24/7 telephone access to a licensed financial adviser who can give you advice about any aspect of investing. They've been really helpful for me, I've set up a Roth IRA, Coverdell College Savings account, and a stock trading account with them and they've been great every step of the way. For some websites that will get you started, I'd recommend the following:
http://www.investopedia.com/
http://money.howstuffworks.com/stock.htm
http://www.cnnmoney.com
http://www.msnmoney.com
http://www.geocities.com/kenandkindi
Good luck. |
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$andman
|
wall st journal,money magazine,etc...try picking a few and invest some monopoly money,see how you do for a year or so,modify your picks untill you feel comfortable with real money... |
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melissaw77
|
My suggestion is to reaf the links I have included, and find a reputable stock brokerage firm, or investment company that does diversified investments so as to not have all your eggs in one basket.. Get a person to explain to you what everything means and how it works before making any major decisions. |
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bud68
 |
Thats not a good reason to begin with stocks. Learn about investing first. |
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Shaun R
|
It is easy to learn to trade the stock market. Many professional traders can make 2 to 3 did-git returns on their money year after year.
All you have to do is learn a few simple rules and develop a system.
This site will teach you a lot and help you develop your own system. |
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heyteach
|
You need to study first, then invest. Until you know what you're doing just keep the money in a bank.
Fast track to learning. I'd go with Scottrade--will be $500 to open an account, no fees, and $7 trades. The site has lots of useful information.
Prep to understand that:
watch Fox block on Saturdays from 10a.m.-12 noon EST and watch 4 sets of shows where experts disagree--will learn interesting things.
READ:
Forbes magazine
Fortune, Inc, Money, Kiplingers, Fast Company, etc.
Go to Forbes web site.
Get some basic books about investing. Read Mary Buffett's The New Buffettology for strategy.
Open an online portfolio and "trade" (not for real--test your ability). Go to
http://finance.yahoo.com/ |
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