If you want to be successful, you buy and hold for a minimum of 10 years. Pick a company based on information in Money Magazine, buy, and hold it. You NEVER lose money in stocks until you sell them. I held Pfizer for 20 years during a "fall", and now it's back well above my purchase price. I earned dividend income during all of those 20 years. You should start with mutual funds -- need $1,000 to start. You can't invest $100 anywhere. Free account to open at $1,000. . They do all the tax calculations and report to IRS. Schwab or Fidelity are great. You pay no tax unless you get a dividend or sell the stock or mutual fund. Learn from Money magazine and internet.

Source - decades of successful investing.

AY

I have saved a great deal of money from working and ive learned much being a banker. I want to try making additional income by buying stocks or shares from something like tradeking.com or another discount brokerage.

I know that the risk of buying stock is that when i buy something, it might go down in value, thus I lose money (example: I buy1 share of XYZ company for 10$ and tomorrow it goes down1$ so I lost 1$.)

But what other risks should I know about? Could I be sued or owe more money for owning or selling a stock? How do paying taxes work when I have purchased a stock? Do I pay taxes on what I own? or what I sell?

I am doing research but somethings I simply dont understand. I plan on just tossing 100$ on some things and seeing what happens for a few months before I try applying more money.

Thank you so much for the help and your pacience!