Investing in the stock market is a complex, emotional area. If I could recommend some overall tips to you, it would be investing in only strong, undervalued companies (stay away from penny stocks, as so many beginners mistakenly gamble with them).
Also learn to control your emotions. Seeing your portfolio dip 10% in a day may shock you at first, however if you're confident in your investment strategy and the company, then you do not need to sell at a loss. Too many people panic when their stock takes a dip, causing an unnecessary loss.
To get started I recommend learning some accounting and finance basics. Then move on to fundamental analysis. There's plenty of good books out there on these subjects, as well as Investopedia.com (which is free).
Hope this helps
You start by understanding, ALL financial markets and world markets in general. Then, you understand the meaning of time value of money. From there I would suggest owning TIPS from the US Government, but oNLY have you've done your homework. It takes time. Stocks should be your very last investment, and even then it should be pursued if you have the money to lose. If you don't take my advice, cool. Go to the local casino. Same concept as investing in stocks.
The best thing to do is make an appointment with a financial adviser in your area. Thats probably not what you want to hear but thats the way it should go. $500 is a fine start to investing. Its great that you are wanting to do this at such a young age.
If you want to trade in stock market you must have DEMAT accoun first you should contact eiher broker or you should go to bank which provide web based trading and open a DEMAT account
Thanks for the words of wisdom
I'm in high school right now but since I have some free time over the summer, I wanted to get involved in the stock market as a side thing. I only have about five hundred dollars and I really don't know where to start. I have done some research but I was hoping somebody can enlighten me. Maybe with some tips and starting points for a beginner.
