I want 2 investing my money into the stock market where do i began?

where do i go i live in chicago

Before you invest in any security, the first investment you should make is in yourself, and the best investment you can make is by educating yourself.

Start your education by learning why you should invest and the importance of being able to make your own decisions or what the proâ€™s make theirs.

Start by reading, here are some books that could help you
What Works on Wall Street by James O'Shaunessey
Beating the Street by Peter Lynch
One Up on Wall Street by Peter Lynch
The Warren Buffett Way by Robert Hagstrom
How to Make Money in Stocksâ€ by William Oâ€™Neil

Get into the habit of making daily visits to some websites like MSN Money and Yahoo Finance. (http://moneycentral.msn.com/home.asp http://finance.yahoo.com/ )
While at MSN following the strategy lab analysts to get a feel for what the pros are doing and why. This site has some basic information for beginners. If any site offers free information, take it.
Other website that can provide instructions and help with procedures and terminology are
Investopedia - http://www.investopedia.com/
Stock Charts - http://stockcharts.com/
http://www.investorshub.com/ http://www.1source4stocks.com/

Visit some of the more professional websites like Zacks - http://www.zacks.com/
Smart Money - http://www.smartmoney.com/ Schaefferâ€™s â€“ http://www.schaeffersresearch.com/

Some of these web sites will have advertisers who are worth looking into also. And remember, if they offer free information, get it.

Attend all the free seminars you can, just be careful and donâ€™t get pressured into anything you really donâ€™t want or need. Most schools offer courses in finance and economics, but very few will have courses on the mechanics of the investment markets, if they do try taking the course. You may want to consider on-line courses, the New York Institute of Finance use to have such courses. Try to get some fee information from the stocks exchanges they all have (had) free booklets, SIAC and some of the regulators (FINRA SEC MSRB CBOE) may provide some free literature.

Dont listen to Jim Crammer

Forget stocks. Learn how to properly invest in mutual funds.

Most people think that investing is complicated. In fact, the more complicated people make it, the worse they seem to do. People that follow a few simple principles are getting the best returns. Those principles are:

1. Do not chase past returns. People that buy funds or stocks 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.

5. 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. Know your risk tolerance and set up an appropriate asset allocation. Rebalance as needed.

6. Consider taxes. Use the least tax efficient funds in your tax-deferred accounts and the most tax efficient funds in your taxable accounts.

Bottom line: Set up a tax friendly, low-cost, diversified portfolio based on your risk tolerance and then, as they say, 'stay the course'. Leave it alone.

Depending on how much you have to invest, if it is a small amount you are better off opening an online brokerage account, if you have a larger amount get a financial advisor.

It also depends on you're age. If you are older than a more conservative investment if you are younger a more aggressive investment. there are lots of tools and ways to research so if you have the time, check msn money and yahoo finance,also motley fool.They offer some suggestions.

Find a broker, to advise you. Then study the stock market work on models until you understand the sector you are interested in.

-Do your homework before putting a dime into the market especially now (the market is not doing the best lately).
-Seek an adivsor (check with your bank) they can walk you through it.
-Don't believe everything you hear on tv from "experts" or on the internet.
-This sounds bad, but I have the book and it is pretty good. Get "Stocks for dummies"
-Once you get a learning of it do some virtual trading (keep track of it in excel for fun) so you can work out the kinks.

Good luck!

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