> $10,000 to buy stocks??

$10,000 to buy stocks??

Posted at: 2014-12-05 
Go see a reputable financial advising firm. And read up---the book recommended below is very good--and there are others. What you need is someone who is experienced, and will work FOR YOU not simply charge you a fee and do nothing or do something stupid. That will probably mean seeing a firm that has a good reputation. With that sort of money to invest, you need professional help investing and should not try to do it on your own just yet. You can always do it on your own later after you learn how things are done and what you need. Firms like Raymond James are good--and there are also other ones. One thing you may want to do is ask a wealthy friend or acquaintance of your parents who they use and start there.

Seeing your choice of best answer makes me think you are not really all that serious about investing your time to learn how to invest. Look at the answer by NOBODY, it is very good and would definitely be a good starter guide. You can open an account with a discount broker who features on-line free study courses like TDA and then, after learning the basics of investing, make small trades to get acquainted with the system.

Knowledge is Power

Start by reading a book called The Millionaire Next Door by Tom Stanley. It is by far the best advice you can get about money investment and management,

Investing in stocks is something you can do on your own. You do have to educate yourself about it, but don't let people tell you it's too hard and you need to go through a professional. Just take some time to learn some basics.

You need to set up an account with a brokerage firm. Time to do some research and find a firm that fits your needs. Take a look at companies like Fidelity, Vanguard, Scottrade and TradeKing just to name a few.

What you expect to do with the money might determine where you set up your account.

Is this money you plan to use in a short time frame or longer time frame (retirement.)

If you are thinking lower risk for retirement you might consider mutual funds or Exchange Traded Funds (ETFs.) You can diversify your investment with a single purchase. Fidelity and Vanguard have a nice selection of funds to choose from.

If you are willing to take more of a risk on individual stocks there is no magic formula that works for everything. Some people will tell you to look at the stock charts to determine where it is going and others will tell you that charts tell you nothing except where a stock has been and you need to look at the fundamentals of the company. If it was that easy then everyone would be doing it!

Go to you local library and see what books they have in the investing section. You might consider books by Jim Cramer. You can watch his show "Mad Money" weeknights on CNBC. He tries to educate people on how to choose stocks and not just tell you what to buy. You can also try watching Nightly Business Report on PBS.

Before you spend $0.01 on any investment, you must know what you’re doing, why you’re doing it and how to do it. Before you invest in any security, the first investment you should make is in yourself, and the best investment you can make is by educating yourself.

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 or 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

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/

I don't blame you for getting started with investments AND taking the approach to study first before you make your first move.

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.

Yes you should educate yourself...you can do it on-line at these sites for

Fundamental Analysis

http://www.investopedia.com/university/f...

http://www.euroinvestor.com/ei-news/2012...

Technical Analysis

http://stockcharts.com/school/doku.php?i...

Once you have a handle on these concepts you can start trading....but warning ....to do it properly takes a lot of study....to dabble in any of these concepts without fully understanding them and practicing before you use real money is a recipe for failure.

Best books on investment are...Intelgnt invstr n security analysis...

You have your own stock to invest in! Can't you put the money to good use in your business?

I think you should try this....for best trading it's guide for dummies...

http://tradesmartonline.in/knowledgebase...

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Hello ppl!

So I am 18 years, I don't have a job because I own a small business with my father, and I also go to college. To make it short all my necessary expenses are taken care of college, clothes, bills, etc... And I have 10,000 saved up along with a lot of free time on my hands right now but I want to buy stocks how do I get started????? (Please don't talk to me about banks/all these useless plans/savings accounts)

do I go to a broker? Should I educate myself on that and do it myself? What do i look for in the stock market? When do I buy and sell? Any patterns? Any websites? Videos? Anything helpful but STRICTLY on buying stocks and making my money WORK for ME. Thanks for the help ;)