Posted by admin on 1 Sep 2008 12:39 am. Filed under Investing.
Farah J asked:
I want to start investing in stocks but I don’t know where or how. Can anybody help me with this? I am only 19, so I’m new to the financial freedom world.
7 Comments to “How do one start stock investments?”
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medleylxa said:
On September 1st, 2008 at 8:56 am
Consult a Mutual Fund Broker. Only hire that person if they’re willing to teach you about the process and NEVER invest in something you don’t COMPLETELY understand.
You should stay away from individual stocks if you’re looking for a long term investment in your retirement, etc. Mutual funds will grow with less risk than single stocks and it’s much less like gambling with your money.
Sione™ said:
On September 3rd, 2008 at 9:39 pm
Sharebuilder (http://www.sharebuilder.com) is a great way for the small investor go get started. I’ve had an account with them for years, but the benefit is not having to have many thousands of dollars to get started. They allow you to purchase stocks in amounts of money (you can buy $50 of Microsoft instead of 20 shares) so you can decide how much you can afford instead of having to purchase in larger amounts. You can end up owning 86.43 shares of a stock. You can also set up monthly purchasing, which I’ve always done so it automatically comes out of my checking account each month to purchase a specified stock. The fees for transactions are pretty minimal at a few bucks or so per transaction, so if it’s just monthly transactions it’s cheap. I think real-time buying and selling is around $6-10 per transaction (for selling or an individual transaction of buying right now).
newjerseyguy said:
On September 6th, 2008 at 5:31 pm
Learn Learn Learn before you invest or you will lose money. There a lots of good books on the basics, like “Investing For Dummies” or Suzie Orman’s books.
tropical27 said:
On September 8th, 2008 at 5:45 pm
I agree with “Sione” Sharebuilder.com is the best place for you to start. You can buy partial shares and it is very easy to do. E*trade is alittle more complicated for someone just starting out.
Larry M said:
On September 8th, 2008 at 7:50 pm
Ask yourself these questions:
How much do I have to invest now?
How much do I want to continue to invest each month?
What is my risk tolerance?
How long do I want to invest for?
The answers to these questions will help you decide where to start. If you sit down with these answers and a financial adviser, either at your bank or at a reputable investment firm, they can help guide you through some initial steps and get started right away in some fairly safe “ground floor” investing. Then you can continue on learning about more sophisticated and riskier forms of investing as you go along. The important thing is to get in, learn to build an investment strategy and stick to it. You’ll win some and you’ll lose some. The trick is to learn how to win more than you lose. Don’t be afraid. At your age, the worst thing you can do is stand on the sidelines.
Brian E said:
On September 10th, 2008 at 8:17 am
Read as much as you can about investing. Join an investment club. Talk to people who invest. Start saving money now to start your investing. Go online and paper trade. Check out Investopedia. It has great paper trading and will allow you to lose your virtual shirt so you won’t lose your real one. Read Robert Kiyosaki – rich dad poor dad.
Makaveli said:
On September 13th, 2008 at 4:04 am
Dont listen to Billy A. If he was really successful he would not say that. How can u put a limit on the number of shares you buy? That limits the money you can make. I like etrade.com. It is pretty simple like online banking, they have good news and updates. You can even call and talk to a broker about investing and they can give you some advice. Although i dont think that helps anybody in the long run. Because if you lose money you will blame it on the person who gave you advice. It should be you who picks you investments. Start watching “Mad Money” with Jim cramer on CNBC. weeknights at 6pm and 11pm eastern time. Like i said tho when he gives advice do your own research and you will feel better and learn a lot.
On September 1st, 2008 at 8:56 am
Consult a Mutual Fund Broker. Only hire that person if they’re willing to teach you about the process and NEVER invest in something you don’t COMPLETELY understand.
You should stay away from individual stocks if you’re looking for a long term investment in your retirement, etc. Mutual funds will grow with less risk than single stocks and it’s much less like gambling with your money.
On September 3rd, 2008 at 9:39 pm
Sharebuilder (http://www.sharebuilder.com) is a great way for the small investor go get started. I’ve had an account with them for years, but the benefit is not having to have many thousands of dollars to get started. They allow you to purchase stocks in amounts of money (you can buy $50 of Microsoft instead of 20 shares) so you can decide how much you can afford instead of having to purchase in larger amounts. You can end up owning 86.43 shares of a stock. You can also set up monthly purchasing, which I’ve always done so it automatically comes out of my checking account each month to purchase a specified stock. The fees for transactions are pretty minimal at a few bucks or so per transaction, so if it’s just monthly transactions it’s cheap. I think real-time buying and selling is around $6-10 per transaction (for selling or an individual transaction of buying right now).
On September 6th, 2008 at 5:31 pm
Learn Learn Learn before you invest or you will lose money. There a lots of good books on the basics, like “Investing For Dummies” or Suzie Orman’s books.
On September 8th, 2008 at 5:45 pm
I agree with “Sione” Sharebuilder.com is the best place for you to start. You can buy partial shares and it is very easy to do. E*trade is alittle more complicated for someone just starting out.
On September 8th, 2008 at 7:50 pm
Ask yourself these questions:
How much do I have to invest now?
How much do I want to continue to invest each month?
What is my risk tolerance?
How long do I want to invest for?
The answers to these questions will help you decide where to start. If you sit down with these answers and a financial adviser, either at your bank or at a reputable investment firm, they can help guide you through some initial steps and get started right away in some fairly safe “ground floor” investing. Then you can continue on learning about more sophisticated and riskier forms of investing as you go along. The important thing is to get in, learn to build an investment strategy and stick to it. You’ll win some and you’ll lose some. The trick is to learn how to win more than you lose. Don’t be afraid. At your age, the worst thing you can do is stand on the sidelines.
On September 10th, 2008 at 8:17 am
Read as much as you can about investing. Join an investment club. Talk to people who invest. Start saving money now to start your investing. Go online and paper trade. Check out Investopedia. It has great paper trading and will allow you to lose your virtual shirt so you won’t lose your real one. Read Robert Kiyosaki – rich dad poor dad.
On September 13th, 2008 at 4:04 am
Dont listen to Billy A. If he was really successful he would not say that. How can u put a limit on the number of shares you buy? That limits the money you can make. I like etrade.com. It is pretty simple like online banking, they have good news and updates. You can even call and talk to a broker about investing and they can give you some advice. Although i dont think that helps anybody in the long run. Because if you lose money you will blame it on the person who gave you advice. It should be you who picks you investments. Start watching “Mad Money” with Jim cramer on CNBC. weeknights at 6pm and 11pm eastern time. Like i said tho when he gives advice do your own research and you will feel better and learn a lot.