Begin your education by learning why you should invest and the importance of being able to make your own decisions or how the pro’s make theirs. Start your education by reading “Investing or Dummies” by Eric Tyson.
To continue your education select some of the following
Beating the Street by Peter Lynch
Bulls Make Money, Bears Make Money, Pigs Get Slaughtered, by Gallea
From Riches to Rags, by I.C. Freeley
How to Make Money in Stocks” by William O’Neil
24 Essential Lessons for Investment Success by William O’Neil
The Intelligent Investor, by Benjamin Graham
Common Stocks, Uncommon Profits, by Philip A. Fisher
One Up on Wall Street by Peter Lynch
Stocks for the Long Run, by Jeremy Siegel
The Lazy Person's Guide to Investing by Paul B. Farrell
Uncover the Secret Hiding Places of Stock Market Profits by Joel Greenblatt.
What Works on Wall Street by James O'Shaunessey
You Can Be a Stock Market Genius by Joel Greenblatt
Your Money and Your Brain by Jason Zweig
Websites that can provide instructions and help with procedures and terminology are Investopedia - http://www.investopedia.com/ http://www.investorshub.com/ and 1 Source for Stocks - http://www.1source4stocks.com/info/stock... or Smart Money
http://www.smartmoney.com/
Visit some of the more professional websites like Zacks Research - http://www.zacks.com/ Schaeffer’s http://www.schaeffersresearch.com/ Investors Business Daily - http://www.investors.com/default.htm?fro...
Some of these web sites will have advertisers who are worth looking into also. And remember, if they offer free information, get it.
And when you think you want to invest/trade, try some paper trading to test your skills without spending you money http://simulatorinvestopedia.com/ http://www.moneyworks4me.com/
and/or http://www.tradingsimulation.com/
You at least have made the right decision to start investing, this is the first big step and it won’t be your last. Keep taking those steps forward and along the way never take the advice from people that are not in the market or try to tell you not to invest.
Good luck on your journey, study hard and you’ll invest well.
1 & 2) Go to your local library and start reading books in the investment section. You might consider books by Jim Cramer (Mad Money) or the Motley Fool Brothers.
Start watching show's on TV like Mad Money on CNBC or Nightly Business Report on PBS.
Also learn about Mutual Funds and Exchange Traded Funds (ETFs) - you can diversify your investment with just one purchase.
3 & 6) Open an account with a discount brokerage firm like Scottrade or TradeKing. Do some research - look at fees and minimums and find a place that fits your needs.
For now just stick with buying and selling - don't worry about options or selling short.
Stay away from penny stocks - anything under $5 - if it's that cheap there's a reason for that. You want investing, not gambling.
4) Don't expect to get rich overnight or in one or two years. If it was that easy then everyone would be doing it.
5) Too many out there. One that I like might not be one that you like. Just do a Google search on something and see what comes up.
Please take my advice.
STAY AWAY FROM THE STOCK MARKET!
It is not investing.
It is gambling.
I will go on and on, for a bit but the above statements are all you really need to know.
When you buy stocks for a low price and sell them for a high price within a few years, that means that others lost money from buying them at a higher price on average and were forced to sell before they lost more money because the value of the stocks dropped.
Essentially it is stealing if you win
and being robbed if you lose,
with the direction of the money flow being determined by chance.
This is the classic definition of gambling.
And if you think you will win because you are smarter than everyone else, then you are just like everyone else.
Large companies also "invest" (gamble) and when they do, they throw their monetary weight around such that it actually influences stock values, in their favor, whatever they are attempting to do at the time,
such that the individual investor is at a huge disadvantage.
My grandfather (who was a smart man) lost most of his life savings thinking he was "investing" in stocks
for his children's sake.
Much of the money my parent would have inherited
was stolen by those large companies legally!
Buy a book (Dummies guide)
Better buy Facebook it should jump back to $60 by Wedesday.
iv always dreamed about buying stocks and becoming rich off them...
i dont know anything about stocks i just know that you can buy parts of mc donalds and walmart and other companies then you wait until the price of its stock goes up and then you sell it.
1. Here's the thing i dont know how to start?
2. Where do i start?
3. i just have $400 to start with
4. somebody explain stocks to me
5. i dont know what websites to use?
6. i dont know how to buy/sell stocks
