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
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/
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.
Start reading Yahoo Finance. Pick out a few interesting stocks and start a portfolio. Make it a game and try to increase your portfolio by buying and selling.
I have bought a lot of Facebook (fb) recently. The experts think it is going to be a winner. I have put my money where their mouths are.
Buy mutual funds
If you buy dividend paying stocks, you will receive part of the company profits each quarter. Many large companies allow you to buy stock directly through a company that handles this for them. I directly own dividend paying stocks that are handled by Computershare. You can go to computershare.com and establish a login and directly buy shares in many companies they handle.
Don't buy willy-nilly. Buy something you know something about and are comfortable with.
AT&T (stock symbol T) and Southern Company (SO) pay decent dividends. (These are the two I purchased directly on Computershare.) If you don't need to spend the dividends, enlist in the dividend reinvestment plan and additional stock will be bought with each dividend.
You can sell anytime but pay attention to long term vs short term capital gains taxes. And it takes several days to get your money. It isn't an ATM transaction.
Dividends are taxable income so keep tax documents and records. (They will send you everything you need for taxes. Make sure you keep it.)
Good luck.
First thing is not to say "starting small/ play around with loose cash". The market is full of players with loads of cash. Don't go overboard but start by saying you have a reasonable amount of money. The whole scene is about money so you have to big yourself up a bit and you will get further.
Say I was at a company presentation and someone said to me "I am thinking of investing ￡500". I couldn't wait to get away.
I would like to get better acquainted with the stock market. Starting small just to find my feet and play around with some loose cash. But I'm unsure how it works.
If I have shares; Can I sell them at any time I wish?
How would I about buying stocks?
Do stocks generate cash for you without necessarily selling them.
For example; If I bought say .1% of a company - Would I get .1% of its profit each month??
Where might I get more information on it??
Thanks
