The best advice we can give is to learn something first by reading a few good books like Stock Investing For Dummies and the Millionaire Next Door, available at your local library.
Develop a trade plan. That will incorporate your risk level, time frame, and method and strategy of trading/investing. What criteria will you use? Fundamental or technical?
If you don't have enough money to diversify into several stocks, consider a mutual fund or index etf like the SPY or DIA.
Before you pick an individual stock or buy into the market, you might want to consider what the economy is doing and whether it concurs with rising company revenues and rising stock prices. Is the market going to continue higher on its own, or is it because the fed is still pumping $60 billion into the system every month?
Getting Started In Stocks
http://www.investopedia.com/articles/bas...
Five Minute Investing: How To Evaluate A Trading Strategy
http://www.investopedia.com/university/f...
The Cardinal Sin Of Beginning Investing -- And How To Avoid It
http://www.investopedia.com/stock-analys...
http://www.investopedia.com/university/b...
http://yourportfolio101.com/index.html/l...
http://www.howthemarketworks.com./
http://stockmarket.makemoneyideas.in/
http://beginnersinvest.about.com/od/inve...
http://www.fool.com/School.htm
First, what is your risk tolerance? Can you afford to lose money in stocks?
Second, allocate small amounts of $ within your tolerance
Consider mutual funds which track the S&P 500 (like vanguard index fund), and also some high quality individual stocks in varying industries. There are many stocks which pay dividends and increase those dividends annually (like PG), or those which do not pay dividends but are considered growth like biotech (GILD).
My genuine advice is that you shouldn't be picking stocks. You are competing against market professionals who have advanced degrees in finance and economics.
Invest in mutual funds or index funds.
So..
I've been trading the market for just a few months. My cousin actually told me about this website (http://pennystocks.toptips.org)and I signed up immediately after. This is my honest review about their method. I'm not someone who has a lot of time to be researching for ideas because I work many hours. they made it incredibly easy for me to make money in the market. Their reports are easy to read and follow. I've tracked most of the stock ideas that I've received in my e-mail from them and MANY have seen some nice gains after their announcements. I've made a nice profit (55% return on my investment on one, and 112% on the other!) on a couple of suggestions he's given and plan to start trading his ideas a lot more.
For more info: http://pennystocks.toptips.org
You didn't mention which country's stock market you are talking about. If its India, then there is no stock available at a great advantageous level now. Will need to wait for some more time
This is not personal advice. Buy stocks that are household names such as Walmart, Bank of America, Taco Bell and the like.These companies actually make money and most likely will not be going bust.
Google, Facebook, Apple and Amazon will all be higher in 5 years.
old KMart, old Enron, old General Motors, old Washington Mutual Bank .... ooops, all of those very good (at one time) stocks are now worthless.
So im very new to buying stocks so im looking for some genuine advice. I would like to start out slow and see how it goes. Does anyone know of any stocks that are worth buying right now?
Thanks