I’ve been hearing lately that due to the way the economy is running it is a good time to buy , but i dont know the proper steps to take to in .

 

  • rtfm 1:05 am on May 10, 2010

    Easiest way is to open an account at any one of the online traders (ScottTrade, eTrade, Sharebuilder, etc.)

    You deposit money into your account. Then you decide what stocks you want to buy and place an order for them. Within a short period of time, you’ll own those stocks. They’re yours until you decide to sell them again.

    Remember that each trade (buy/sell) you make costs you a fee. Online brokers typically charge about $10 per trade.

  • John D 1:05 am on May 10, 2010

    You just need a broker (mediator) to have access to purchase a stock or fund. Some companies have direct investment programs but these are only limited to a select few. Also I would not invest now because even tough the market is low it may still have a way to go before hitting bottom. Just wait till the market corrects(when the market is stable) itself preferably 6-12 months then get in.

  • Clark Kent 1:05 am on May 10, 2010

    The best thing to do is to wait until the bear market ends, then load up on cheap blue chip stocks.
    to invest, you need to open a brokerage account.

  • Desk3Bound 1:05 am on May 10, 2010

    Warren Buffett (Buy & Hold strategy): If you’re not going to hold a stock for at least ten years, don’t buy it. There are over 10,000 stocks in the stock market, but only two or three will make you money.

    Look at the fundamentals of the company selling the stock.

    -Or-

    Look at the two best performing stocks in each industry group. Do your homework on each company, then decide if you want to buy those leading stocks or not.