Is it smart to invest in Chinese stocks right now? |
| I know nothing about the stock market and to be honest, I'm hoping to find the next Dell or Microsoft and hit it big in a short period (2-6 years). It doesn't have to be tech stock and I... |
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Which stocks to invest in for the next 9 weeks? |
I'm doing a project for economics and would like help deciding which stocks to purchase. I have $50,000 and I must pick at least 4 stocks to spend it on for a period of 9 weeks.
My ... |
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I dont have a lot to invest but need to start somewhere. Who is the best brokers firm? |
| I already have 401k and savings bonds, but I feel I need to do something more. I want to know who seems to be the best financial firm in the east coast ... |
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If u had money saved would you go into mutual funds or keep it in the bank? |
| i just started doing mutual funding..it soudns profitable provided im patient.. and i was told it was better than having money in the bank...doing nothing there...is this a good investement? would u ... |
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Can I transfer a Roth IRA from one institution to another? |
| If I create a Roth IRA at one bank or institution, and later decide due to fees or opportunities or whatever that I would rather have the account at a different bank, how easy is it to switch it?... |
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How is it possible for me to make a million dollars by the time i am 65!? |
| i was talking to my dad yesterday and he said that i could buy stocks,and once they get to a million i sell them in a roth ira,or a roth 401k,which will keep uncle sam out of it,how other than this ... |
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Which banks will give loans to the nightclub and bar industry? |
Need a bank that does business in PA , or an investment group that works in the NE. Additional Details Our management team has over 20 years of experience so we are not beginners...... |
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What is the best way to invest in Gold and Silver? |
| What is the best way to invest in Gold and Silver? I'm looking to invest against inflation and think that Gold and Silver is a good investment. I would like to know what the best way to invest ... |
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What are the best China Stocks to invest in long term? |
| I have noticed the Huge Boom in China and want to invest please help me if you can.... |
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What are the safest investments in an crashing dollar, hyperinflation environment? |
| ...if that is where we are headed. Are ANY 401k-type investments safe in this type of environment? I could switch to a 100% international fund but wouldn’t that still be tied to the US dollar? Is ... |
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How do I start investing in the stock market? |
| I'm an absolute beginner. I only know the general concepts of stocks, but not the actual steps to get into doing it.... |
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What can I invest in? |
| I dont have much money, maybe two grand but in a couple years once i finish college I want to backpack around the world for a year which costs about 20,000. So I want to invest my money into ... |
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Alex | Where do I learn the ins and outs of stocks, trading, and investing? |
Okay, this is the scoop. I am 21 years old and all my life I've heard how people have made a fortune through the stock market, going from rags to riches! I want a piece of the action too, but my problem is that I know squat about the stock market or even what the numbers mean!
I want to get started while I am still young. How do I? Can someone point me in the right direction or give me some pointers? |
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HarvardMarine
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The Short Answer: Learn from books, blogs, investors and practice.
1. Pointers--Patience is the key to successful investing. You are wise to try to get started investing young. I started when I was about your age and have done quite well. Remember, the stock market will be around for a while and WHEN you invest is not nearly as important as HOW you invest. Start saving up money now, educate yourself and practice. By the time you feel ready to invest you should have some money saved up to get started.
2. Books--This is the best way to get a basic understanding of stock market investing. I would recommend:
Rich Dad, Poor Dad by Robert Kiyosaki for basic theory of investing.
The Motley Fool Investment Guide by Tom and David Gardner to teach you how small investors have the advantage over big investors.
http://semperfinance.blogspot.com/2008/07/book-review-motley-fool-investment.html
Beating the Street by Peter Lynch for sound investment advice/technique by one of the greats.
3. Blogs and Websites-- One of the greatest assets you have as an investor is the Internet. Websites like http://fool.com have getting started guides, but more importantly they have discussion boards where people from all over meet and discuss the latest news on individual stocks. You should do your own research but also always check out the discussion boards on a stock to see what insiders, and research whizzes are talking about. My blog has several posts on getting started in stock market investing: http://semperfinance.blogspot.com
4. Investors--Talk to people who are successful investors. You can visit my blog and send me an email or leave a comment http://semperfinance.blogspot.com . You could also join an investment club http://www.betterinvesting.org , or find people online at http://fool.com .
5. Practice--Once you have become familiar with the basics of stock market investing, you can start picking stocks to analyze and follow. You can either set up a virtual account where you invest with play money (they have one on fool.com linked below), or you can just track them in simple spreadsheet. Just look up the price on Yahoo! finance or other service, then you indicate how much money you want to spend on stock in your spreadsheet and divide that by the share price to get the amount of shares you are "buying." Then track the price of the stock until you are ready to "sell" and multiply the new price by your number of shares.
I hope this helps, good luck! |
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hbgdragon
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Read, Read, and Read! Pick up a subscription to Investors Business Daily, and read all the books on trading you can get your hands on. I have a list of recommended reading on my website, or you can find a much larger selection at www.traderslibrary.com
Good luck!
Scott Cole
www.kungfutrader.com |
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Sampa
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Forex trading-http://tradingsforex.info/ |
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mylilbubbers
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There are many places. Some are more difficult to understand than others. Good luck. |
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bermuda890
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Let me warn you, making money over the stock market is tough. It takes along time, a lot of smart choices, some research, and a dash of luck. |
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Adalwa
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I was like you a 2 years ago knowing virtually nothing about the stock market or day trading; or I should say had no interest in it.
I started off with 3000K and I'm still learning each day but have become very good at it. I since have become a day trader more recently. But what you can do to prepare yourself is read. You have to do alot of reading and alot of watching CNBC or Bloomberg channels. Watch those two channels constantly for any new updates on the stock market and read yahoo finance on any new news on various stocks or the market as that really affects a stock price.
Alot of researching and graph reading so read as many as books as you can. |
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veloche
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I started with a couple hundred bucks 5 years ago around your age. Now I've grown it to over 100K.
I would suggest:
The book "Real Money" by Jim Cramer
watching "Mad Money"
Read everything you can from yahoo finance and http://www.investopedia.com/
Also practice with "virtual money" in an account like from optionsxpress.com (you dont need to add any real money first)
Once you're making virtual profits consistently you're ready to use real money |
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