What is the best way for a novice to pick stocks?

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JimF

What is the best way for a novice to pick stocks?

I plan to do a steady investing plan (IE $1000 / mth). I'd like to divide the money into 4 - 8 stocks. I don't want to play the market or day trade. . .Aggressive and steady, that's the way.

Miss Know It All

www.fidelity.com

Good Luck!

Santal

There are several good online brokers for small investors - one is Etrade.com, another is Sharebuilder.com. Fidelity, Schwab, Vanguard sites all offer tutorials and investing basics. I strongly suggest that you learn before investing. Having said that, investing in individual stocks is riskier than investing in mutual funds such as Vanguard's Total Stock Market fund. If you are set on choosing individual stocks I'd say to pick stocks in great companies which are products that people will need no matter what the economy does (like food, basic clothing, drugs, etc.) and favorites of your own. McDonalds , PG (Gillette), Johnson and Johnson, Google, etc. are examples of solid companies who are probably going to do well over time (not a recommendation to buy).

Book of Changes

First month would be a month for funds ie Fidelity, Vanguard etc. second month, Google, Flickr, Berkshire hathaway class A, Phizer, Netflix, GTE, and to top it off, Oracle, third month, start preparing for inflation with Midas Fund, or Similar gold fund, 4th month, Invest in major banks, as JP Morgan, Citygroup, or Wachovia, et. al., 5th month, return to funds, 6th month, Blue chips,7th month, Retailers, Walmart, Speigels, Brookstone, Sears, 8th month, look for the best in construction, property funds, 9th month, solidify investments,10th month, international funds, 11th month, Funds again, 12th month, hedge funds.

jeff410

Invest in the industries you know about. One where you know how it works. You're familar with the operations of the business. Maybe the industry you work in or a related one.. Or something you grew up around. Then look for companies that have Direct Investment Plans. Since you want to invest a fixed amount regularly thats probably best option. Contact the investor relations department of those companies to find out if they offer a Direct Investment Plan.

vegas_iwish

Simple - buy none. No one going in that small should buy any stocks but rather closed end investment companies; etfs & mutual funds. 4-8 stocks far too few if individual stocks. ADX PEO GAM EWA PWT all interesting closed ends + etfs. An international mutual fund or etf like EFA also something to build toward. Buying these types of instruments keeps you from day trading. By coming in at all you are "playing the market" but that is something you must do. No need for a lot of reading or research.

touzi b

Hi, here is a collection of informative articles about investing. a free online investing tutorial for you.

http://www.investingtutorial.info/

good luck !

wish you make fortune from investing !

Bear

Best way is to see when people are buying and selling.
This is often revealed in price chart patterns.

Understanding price charts and having a system to buy
and sell is essential.

trader

Buy and sell stocks when the price and volume changes indicate so. Do some reading about technical analysis of the markets. Open an inexpensive online investment account such as ameritrade. Do not invest less than $1000 per position to keep the transaction fees low. Paper trade prior to actually using your hard earned dollars. It is easier to loose it than to make gains.

ray z

subscribe to ibd. investors business daily. they rate the stocks from a+ to d-. i recently bought a stock and it went up 210% in six months. got a total of 50% on my ira in the last 8 months.
easy, let them do it for you.

it is about 20 bucks a month.

D-$KI

I would diversify and invest in a handfull (about 5-6) sectors and choose best in breed companies in each respective sector. This way you are covered and don't have all your eggs in one basket. For example:

Tech (Computer Search): GOOG
Oil: XOM
Brokers: GS
Basic Materials: FCX
Industrial: CAT
Retail: SHLD
Defense: BA

These are just examples....if you are going to invest and hold for a long period of time I recommend researching into the sectors you want to invest in and pick big name companies you are familiar with. Just make sure that the sectors are diverse and you aren't overloaded in one area.

If you find this useful or want more info check out the following Yahoo group of traders who share info and stock tips:

http://finance.groups.yahoo.com/group/bulls_n_bears/

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