I get told I can invest in etc. but I want to invest in that I want to buy, is there anyone who can help me figure out in on my own?

 

  • Caveat Emptor 9:02 am on May 27, 2010

    It ain’t rocket science: you open a brokerage account. Hope you know what you’re doing…but it doesn’t sound like it. Do not try stock investing until you first educate yourself on the subject.

  • bigdaddy 9:02 am on May 27, 2010

    Your best bet would be to open an account with an online brokerage such as Sharebuilder, E-Trade, Scott trade, or Ameritrade. Without knowing much about your situation I cannot recommend a certain one but it is fairly easy for anyone to invest now. I started out with Sharebuilder because they have no account minimums to get started.

    Right now the market is extremely volatile so I would suggest doing a lot of research and use limit and stop loss orders to protect your investment.

    If you would like to provide more information I may be able to offer more advice.

  • Bad Dad 9:02 am on May 27, 2010

    Before you do anything read a book like Motley Fool for investing. It explains the workings of the stock market in a reader friendly manner. Then you need to open a brokerage account, like E-trade or Scottrade where you can buy and sell stock on your own at miminal fees. You must read a basic investing book or order to understand what you are about to do.

  • Judy 9:02 am on May 27, 2010

    If you want to buy particular stocks, you’ll need a broker to actually execute the transaction. Schwab https://www.schwab.com/ is one, but there are many.

  • Computer Guy 9:02 am on May 27, 2010

    I myself think this is a spectacularly bad time to get into the stock market, but It’s your money.
    Do you have an online trading account or a broker? Neither should offer you advice on what to buy, but they will facilitate the process if you wish to do so. Do you understand that in general, risk and return are trade offs? Have you heard of the principle of diversifying your investment, so you don’t put all your eggs in one basket? That’s why people invest in mutual funds. If you don’t like mutual funds, you must have some idea of what you would like to buy. Are you investing for the long term, or do you have a short term goal in mind? The answers to these questions focus your choices.

    Grandpa

  • Turtle 9:02 am on May 27, 2010

    There is something called "Paper Trading".

    This means practice on paper only or with a fake practice account.
    Try this for a few months to see if you could really make money.

  • live and learn 9:02 am on May 27, 2010

    Take your time, do your research, take advice from family or friends etc as opinions not facts unless can be proven as fact, open a broker acct like Share Builder.com.

  • Paul E 9:02 am on May 27, 2010

    Can i ask where your getting stuck.
    You want to buy a stock. got that. now how… have you thought of looking it up? maybe googling

    Do you realise that buying stocks carries some risk? if a stock price drops you lose money. can you handle seeing your money dropping even on one day?

    If you arent familiar with stock investment and dont have specific goals for your investment, it may not be the way for you.

  • Sripadma 9:02 am on May 27, 2010

    you will get many advisories .
    at time do not invest till november .

  • C Brown 9:02 am on May 27, 2010

    I think it is excellent that you are taking matters in your own hands wanting doing some of your own stock research. Those who take a little more time to understand how the markets work tend to be more successful. That being said there are a few things I would try to accomplish at first.

    1) Determine your investment style.

    There are multitudes of investment philosophies out there. However there are 2 main groups of market participants.

    The first group are traders. Traders are interested in making frequent trades, following the news closely, looking at charts, and trying to one up the markets by diving in and out of stocks, futures, options, or bonds. This is risky business and you are in direct competition with large wall street trading firms with greater financial resources and insider information such as goldman sachs, JP morgan, meril lynch, etc. This is tough business which requires full time attention.

    The next group of market participants are investors. Investors are interested in the long term fundamentals of businesses. They seek to own strong businesses at fair prices and patiently await their returns. They are not concerned with the day to day price fluctuations of the market. The most successful investors of all time include Warren Buffet, Peter Lynch, and Ben Graham, as well as multitudes of billionaires including Bill Gates, Andrew Carnegie, Carl Icahn, Donald Trump, etc. This can be done in your spare time at your leisure, or you can consider hiring an investment advisor to help direct your investments.

    In my view investing is the way to do it, as it has been shown that over time investors have been far much more successful than traders.

    2) Learn how to analyze the fundamentals of your businesses.

    When you go to buy stocks, you are really going to own pieces of businesses. The value of those businesses depends on how much they earn. As the company grows, so do its earnings, dividends and over a long period of time, the stock price as well. It is critical to understand how to read a financial statement (which includes an income statement, a balance sheet, and a cash flow statement) as well as understanding the industry that your business is in, and the factors which will effect the future growth of the company. READ A LOT OF BOOKS. I would start with what you can find at a bookstore, then move on to "the intelligent investor" by ben graham, and learn how to become a value investor.

    3) Consider hiring an investment advisor

    Many people prefer to delegate financial analysis to someone else however by buying a mutual fund or hiring an investment advisor. However keep in mind that some advisors are better than others, as some mutual fund managers are terrible and some are great. Many advisors don’t know anything about stock analysis, so they just put you in an "asset allocation" portfolio which is supposed to endure over time (however you will never beat the market with one of these things.

    4) Some helpful tips:

    If you decide to make your own investment decisions, prepare yourself for a rough ride at first. It will take you a couple of years to develop your investment style and to learn how to evaluate businesses. During this time you will likely lose some money (many great investors started out kind of rocky). However once you get a grip on your investment style and how to properly invest, you will find investing to be extremely rewarding as investing is truly the key to financial security and independence.

  • raysor 9:02 am on May 27, 2010

    Even with the most basic broking account you can deal in stocks. If you have a ‘Limited dealing’ account you may only be able to deal in the bigger companies.

  • sunsolutions02 9:02 am on May 27, 2010

    Open an account at http://www.Etrade.com and fund it. Simple as that.

  • Party 9:02 am on May 27, 2010

    hi there !!

    dont worry..Investing in stocks isnt a big thing…but you have to give yourself some time to get an idea as what is all about stocks…and investing..

    I suggest you should try gnutrade learning center and trading platform to get an idea about world of stocks. Learning CEnter will help to get a better view and play money feature will help you to know the procedure of investing in stocks..

    good luck

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