Do not try to enter in this activity to make money, there is equal amount of risk also. Before investing, read some good books, financial magazines, discuss with others to clear your doubts. Invest only your surplus money. Do not invest the money kept for some purpose or borrow and invest.Do not buy when the rates are going up.
go to a discount broker and get the facts from their office, fidelity or schwab or tdameritrade all have good offices and websites! usually it is about $500 to $1000 to set up an account, usually the commission to buy or sell is $7.95 each.
as far as the potential, had you invested in SPY (the stock for an exchange traded fund of the S&P 500) it was up quite a bit depending on when you bought it, take a look at yahoo finance and pull up the chart on SPY
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There's more to investing than just "stocks." Read "Investing For Dummies" - it's a great starter book.
spend a few weeks, months in library reading
either series "for dummies" or "idiots guide to"
investing, stock market, mutual funds.
your BEST investment now is in an education
that leads to good paying IN demand career/jobs.
visit BLS.gov/OHH for real world info.
contact local community colleges for programs
tha lead to actual in demand careers/jobs.
many 4 yr programs do not.
I'm 19, and I was wondering how to start investing in stocks. I don't know much about stocks. How much money would it take to start? How much could I potentially make and how quick would I make it? How do I buy and sell a stock? I've read some articles and stuff that say I need to research the companies before I invest in them. If anyone could help, I would appreciate it.
