how do you get started in … i have no education whatsoever but would like to start buying and .. what would you recommend i do?

 

  • Bad Dad 5:02 pm on August 19, 2010

    get some books on the stock market. Motley Fool, Benjamin Graham, The Intelligent Investor,A Walk down wall street Stocks for Idiots, etc. You have to do the homework or learn by losing money, which is the hard way.

  • A nobody 5:02 pm on August 19, 2010

    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” by William O’Neil
    24 Essential Lessons for Investment Success 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. If any site offers free information, take it.

    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. And remember, if they offer free information, get it.

    Attend all the free seminars you can, just be careful and don’t get pressured into anything you really don’t want or need. Most schools offer courses in finance and economics, but very few will have courses on the mechanics of the investment markets, if they do try taking the course. You may want to consider on-line courses, the New York Institute of Finance use to have such courses. Try to get some fee information from the stocks exchanges they all have (had) free booklets, SIAC and some of the regulators (FINRA SEC MSRB CBOE) may provide some free literature.

    You at least have made the right decision to start investing, this is the first big step and it won’t be your last. Keep taking those steps forward and along the way never take the advice from people that are not in the market or try to tell you not to invest. Good luck on your journey

  • Rick 5:02 pm on August 19, 2010

    Dear Friend

    If ur a beginner ,I suggest you to sign up for the Free Weekly Wealth Letter, the e-mail newsletter packed with money-making investment ideas will be delivered to your inbox every Tuesday morning.

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