How can I start investing in the stock market?

Posted by admin
investing
ladyscorpio asked:


I have no experience in investing at all so explain it to me like a 6 year old. Who do I go through and I do I get shares?

Kelly
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  • How do I start investing in the stock market?
  • How should i go about investing in stocks ?
  • Acting like a Daytrader
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  • I’m 16 and looking to start investing. How can I begin and how much money should I risk at first?
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  • I’m 16 and want to start investing in the stock market. What are some of long term options?

    • This entry was posted on Tuesday, August 24th, 2010 at 2:39 pm and is filed under Finance. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

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    No Responses to “How can I start investing in the stock market?”

    1. Jasdeep G Says:
      August 25th, 2010 at 2:20 pm

      Well…if I were you, I’d wait before investing in todays stock market. But if you feel confident in investing(and have done some thorough research), you will first need to find a broker..who will hold/buy/sell your stocks(while taking a small commission)

      Here’s a website for beginners

    2. robbo_op_98 Says:
      August 26th, 2010 at 5:09 am

      Well I would strongly recommend learning about Wall Street first by reading a How to book. The reason is when you look at a stock you won’t understand what all the numbers mean. I read the Complete Idiots Guide to Investing. This was a great book as it taught you the basic terminology, strategies and gave helpful pointers. This is a great beginners book and after you complete it you will be able to make educated investments instead of blind investments. After that you can read more indepth books that get into more the strategies and deeper topics.

      Inorder to invest you have a couple of options. The first is going through an online company such as Ameritrade, eTrade, and ScottTrade. These companies typically charge a flat fee for trades and have huge amounts of research tools at your disposal. However the draw back to these is the is minimal personal to help you with questions. You control all your own trades and so on.

      The second is to go through a broker firm such as AG Edwards (now Wachovia Securities), Charles Schwab, or many others. Here you will be able to work with a finicial advisor/broker to help you make decisions on how and where to invest. The positive side to using one of them is that you get personalized service and are able to call with questions. The downside is that you pay more. Typically trades are much more expensive through them.

      The third method is more for Mutual funds. Mutual funds are typically run by huge investment companies like John Hancock, or T Rowe Price. These companies hire someone to buy and sell stocks to make the mutal funds money. These companies typically have several different funds to choose from. When investing in these you can typically contact the company directly, or use a broker, or an online account to purchase mutual funds.

    3. bob and dolly k Says:
      August 26th, 2010 at 5:27 pm

      every year forbes or money magazine list the top stocks and mutual funds. you don’t need a broker to buy most stocks and mutual funds.
      you can pick what stocks your interested in and watch them for a while and see how they do and if you like them then call and ask for a prospectus and application package. you can type the ticker symbol
      on your computer and it will give you all you need to know about the stock. it will show what it has done for the last five or ten years. i wouldn’t get anything without looking at a prospectus first. after you get comfortable then you can get into making more trades. but remember
      this is not like a bank account. nothing you buy is guaranteed. so be
      aware of that. there will be a minimum amt. you will have to invest in most cases. there is just so much info to give. it would take too long
      here. just remember this is a crap shoot so don’t put anything in it you can’t afford to lose.