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.
Good luck on your journey, study hard and you’ll invest well
Go on Yahoo Finance for an hour a day. Read the articles. Follow the links. Visit the advertisers. In 30 days, by paying attention, you will know more than 90% of the investors out there.
Read about Warren Buffett. Learn his method of investing. (in a nutshell, buy (high) quality and hold for decades)
Options, penny stocks, tips from your barber, selling short, bitcoins, for most people, is little more than gambling. It won't work for most people. Better off with handicapping horses, lottery tickets, or slot machines.
Your earliest investing mistakes are the costliest.
Hey I have been in the same situation you are and have done some research this what I have concluded. I will present it as an answer to your question.
$500.00 and 8 months later turn that into $10,000.00?
Never believe this. Not saying it isn't impossible but such claims are mostly hearsay if not scams. If you want to get into investing this is a very important to habit to get rid of. Making decisions based of what you hear. Speculative and emotionally driven investing is a sure way to loose money. I can't stress this enough. If you aren't making decisions based on your research and data then don't invest in the stock markets.
Also put things in perspective. what is the stock market? marketplace for stocks of companies. If your country grows by %1 a year that means collectively on average companies of this country grew by a similar amount. That leads to the conclusion that an investing portfolio made up of only stocks have only so much room to grow in a year. Blue-chip stocks are a good example. They are for the risk averse but they will grow steadily and provide occasional dividend payments.
In short prepare yourself first over the internet. Go on investopedia and make simulator account and do some investing with simu-funds. Check other investors. You will see those of who have very large yields are trading options and currency. Which you shouldn't even consider before you have years and years of investing experience. Last thing you want to do is to jump over eagerly in to the market without preparation and blow whatever savings you have.
Consider government bonds, blls and notes. US treasury bills have a maturity of one year or less which means you can collect your earnings at longest annually. You will see that these aren't crazy yields but as you said it will grow steadily in time and can out perform interest yields. However your purchasing power will be limited at first due to the price of bills and your savings.
Maybe with penny stocks you could try for crazy gains but again to me it is nothing but legalized gambling. If you are really into the idea make sure to read a lot on it.
I don't know if you are in a business or economy related discipline in college if you aren't borrow some books from your mates. Read on accounting/finance and economy Fundamentals while you save money. You shouldnt have to waste Money on books about investing. Most of the information in those you can find on the internet. Most of those books make wild claims to help you get rich then give repeat mundane common knowledge. Think about it! If you had a quick way to make a buck in the market, you wouldn't announce it in a book.
you need to consider that if you invest in mutual funds or stocks you can lose the principal.
personally you need a discipline in saving each week, and increasing your nest egg.
consider investing in a stock like walmart which has history of increasing its dividend, you will get a payment every 3 months of about 2% total per year, not much, but it can grow and the principal can grow
I would recommend you to invest in bitcoins.
Now is cheap (around 560$) and the price is decreasing a bit, but it′s the future technology and it will increase again over 1.000$.
I leave you a site on the source where you can learn a bit about it.
Regards!
Leave it in the bank. It is worth much more to you there.
Hi everyone. I'm new to investing and would like some advice on where to start learning. I'm a college student and I have roughly $2,500 in my savings account, however, I think some of this money can go to better things since I have all the supplies I need for the school year. That being said I have no steady flow of cash coming in except for random jobs I do here and there. Investing looks and sounds complicated so I was wondering if any of you know any good books for beginners or websites that can easily explain things to novices like me?
I'm not looking for a get rich quick scheme nor do I have any high expectations of what I might gain out of investing. Just looking for something that can build cash steadily overtime. I also have heard of people investing $500.00 and 8 months later turn that into $10,000.00. Is there any kind of truth to being able to do that within that amount of time? If so how is that possible?
