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 for 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 Interpretation of Financial Statements by Benjamin Graham
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/
After you feel comfortable with what you're tryng to do, visit the Web sites of some of the more popular brokerage firms. So if you feel comfortable with what you see on line and look at the cost and/or charges. When you are ready to go, just open an account on line with the firm. Please remember, the cheapest is not always the best. Even though you’re opening an account on line. you can always call the firm's "customer service" area for help
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.
Most brokerage firms charge a "commission" for buying (and for selling) stocks, they charge you per execution. Most do not charge any other account fees unless you accounbt is inactive for several monthsl.and there is no such thing as subscription fees.
Usually Treasury's trade without any commissions whether it be on the buy side or the sell side - most firms trade these bonds from their inventory, Figure Treasury's sell at par.
from the street
A. you need 25,000 dollars to be a day trader. Your only allowed three round trip buys and sales every 5 business days.
B. 4500 is not enough money to be full time...
C. Open a temporary account with America trade and paper trade for at least a year before you get into the real deals
D. save up to ensure you pay off ur student loans at the end don't be dumd and gamble your money away...
First you need to learn to spell investing... there is no such word as investmenting. Go to the library and check out Jim Cramer's books on this subject. He does a great job of teaching you everything you need to know. However, your first step should be to establish an emergency fund that can "fund" 6-9" of expenses should you lose your source on income. Yes there are monthly fees if you don't maintain the minimum account balance. Yes, there are fees for both buying and selling stocks and bonds.
first, take a community college class in finance (sounds like you will have the time) AND go to the public library and take out one of Jim Cramer's books and read it cover to cover. Then read the Wall street Journal daily or Investor Business Daily news papers which cover investment topics. THen consider investing. You will be fooled easily if you do not plan ahead.
My recommendation for anyone that doesn't know stocks is to sign up for thestreet's actions alerts. You can buy and sell with professionals that way and it takes your guessing out of it. I do that and I think its been great, if its to expensive then get together with a few people and chip in on it. Thats my recommendation.
I am in a social distribution company that allows people to save, manage, and make money that can then be used to paying off debts, investments, etc. E-mail me at joinwunofakind@gmail.com
Try Vanguard.com. They're entirely online, are as safe as any investment house.
I am debt-free (full-ride scholarship) 21 year old college student with about $4.5K saved up. I am interested in becoming an investor but I am a complete novice with only rudimentary knowledge from my high school person finance class and YouTube videos I've been watching. I am currently unemployed (currently living with parents) but I plan on getting a part-time job this upcoming fall-semester.
I would like to invest, at least for now, in both stocks and bonds. I also intend on signing with a discount broker, as they are much cheaper. I am aware that both stocks and bonds can be bought through a brokerage house.
Now, for stocks, I know there is a fee whenever you buy / sell a stock. I also know that, in order to open an account with a brokerage house, you must provide a minimum balance amount. But, is there also a monthly subscription fee for simply maintaining an account with a brokerage house? You know, like Netflix, for example, charges about $8 /month in order to maintain service, do brokerage houses also do this?
As for bonds (specifically treasury bonds), is it the same process as with stocks, where the brokerage house charges fees whenever you make a transaction like buy/selling a bond? Finally, about how much do treasury bonds go for?
