How should i start investing with stocks?

5 Responses to “How should i start investing with stocks?”

1. The Old Guy says:

   September 27, 2009 at 2:51 pm

   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.

   Start 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.

   Here is some reading material that can get you started in the right direction, The first book you should read is Rich Dad Poor Dad by Robert Kiyosaki

   Then try some of these
   What Works on Wall Street by James O’Shaunessey
   Beating the Street by Peter Lynch
   One Up on Wall Street by Peter Lynch
   The Warren Buffett Way by Robert Hagstrom
   How to Make Money in Stocks” and 24 Essential Lessons for Investment Success both by William O’Neil

   Get into the habit of making daily visits to some websites like MSN Money and Yahoo Finance. (http://moneycentral.msn.com/home.asp http://finance.yahoo.com/ )

   While at MSN following the strategy lab analysts to get a feel for what the pros are doing and why. This site has some basic information for beginners.

   Other website that can provide instructions and help with procedures and terminology are Investopedia – http://www.investopedia.com/ Stock Charts – http://stockcharts.com/ http://www.investorshub.com/ http://www.1source4stocks.com/

   Visit some of the more professional websites like Zacks – http://www.zacks.com/ Smart Money – http://www.smartmoney.com/ Schaeffer’s – http://www.schaeffersresearch.com/
   Some of these web sites will have advertisers who are worth looking into also.
   .
   good luck

   ToTradeforriches – I’ve been investing/trading for over 55 years, I had my own trading firm, and was a member of the exchange.
   As a professional with serveral licenses, it would be very inappropriate to provide specific investments in this type of media.
   I’m sorry my experience can not match yours.
2. Tradeforriches says:

   September 27, 2009 at 2:51 pm

   Please DO NOT LISTEN to "THE OLD GUY" the anwser before this anwser. This guy knows nothing about trading he never makes any recommendations he has zero good knowledge.
   U should buy the stocks i buy and sell when i sell.
   Right now iam holding RIMM call options I paid 6.30 and will buy more while it goes lower if it does. These are the September 100 calls
3. kcguy6935 says:

   September 27, 2009 at 2:51 pm

   I would suggest index investing which means nothing more than investing in a group of stocks that provides diversity because they are actually many companies. I.E. the SP 500 invests in the 500 larger companies in the US because you would actually own small parts of several companies if one were to drop excessively the others would provide stability. If however you want to invest in individual stocks you should read up on some of the basics of investing and then I recommend a few months in a stock simulation. I know etrade used to offer one (for free) that way you could invest play money as you would real money treat it as you would real money and do this for 6-9 months and it should provide a good insight into the trades. Even after this I would suggest 80 % in some type of index and speculation on individual stocks for no more than 20%
4. Sharon T says:

   September 27, 2009 at 2:51 pm

   No-load mutual fund company such as Vanguard. Low costs, good reputation, great customer service. Their STAR fund can be bought for as little as $1000 and it is easy to add to.
5. Joe P says:

   September 27, 2009 at 2:51 pm

   The " Old Guy" gave you excellent advice. "Tradefor" advice will likely cause you to lose all of your money. If you want a managed fund look to actively managed with great long term track records rather than index funds. Use Morningstar, Yahoo etc to research funds. T Rowe Price has many good ones.