I am a 24yr old college student. I have about 0-00 of earned that I’d like to invest in online (e.g. Sharebuilder, Scottrade, etrade), or something along those lines. Does anyone have any good ideas about about which online site to use and any good solid stock ideas, like Apple, Google, Gold, DRIPS, etc? Something solid that can help me earn gradually (or faster, whatever : ). If you are involved with something online like this, what do you do personally with yours? Do you and sell often? Do you just let it sit and gain?

Also, I say but banking investment can be an option too, I guess. Something like a savings account or a CD.

Detailed and comprehensive advise is welcomed. : ) thx

 

  • Hoa N 2:15 pm on August 27, 2010

    you are definitely on the right track thinking ahead for your future investment.
    I hope I can help you out with the best informations that you can use for the long run.

    When I started out young like you about 25. One old gentlement gave me the advices that I am fore ever grateful. I tell you this because I did my own investment research and still coming out ahead for this decade. I was not show off but pump you up. Now at 36, my 401k is about 100,000.00. My Roth IRA is 21,500.00. And My cash on hand is 30000.00. Always do your own research and make the decision for yourself. Couple pointers I could get you start: Turn off teh bloomberg, CNBC money news, by the time you get the news, it’s too late.

    If you want to invest properly, learn how the market acts in 4 step processess:
    1/ Fundamental Analysis: check out the FED, OPEC, Inflation, Economic Calendar, CPI, PPI, leading economic indicator, money flow, ISM manufacture index, Employment report.That’s on the macro basis. On the micro like investing in company , check out Ratio analaysis, balance sheet, cash flow sheet, income, management team, industry, sector. TELL YOU WHAT TO BUY/SELL.

    2/ Technical analysis: Learn how to read charts, how to spot a pattern, and technical indicators, japanese candlestick. TELL YOU WHEN TO BUY/SELL.

    3/Sentiment Analysis/ Contrarian Ananlysis( avoid the CROWD mentality): check out the Bull/Bear ratio, VIX index( Fear Index), The Put/Call ratio. These ratio will keep you practice buy Low, sell High.

    4/ Seasonal cycle: Everything in this life involves cycle. Stock market is no exception. Learn How to identify what cycle . How US presidential election affects the stock cycle.

    Couple really good books you should read:
    Techinical Analysis for Financial Market by John Murphy
    Stock Trader’s Almanac by Jeff Hirsch
    All about Market Timing

    Couple good website you should look into:
    http://www.stockcharts.com
    http://www.incrediblecharts.com
    http://www.pring.com
    http://www.stockTA.com

    http://www.market-harmonics.com/free-charts/sentiment/investors_intelligence.htm
    http://www.sentimentrader.com/
    http://robertjmiller.us/sentiment.htm
    http://gbr.pepperdine.edu/043/stocks.html

    I hope these information will serve you well to the future. I did it even in this tough time. Start contribute to your retirment ASAP when you got a job. Stay out of Debt, Do not buy house you can not afford, Do not keep up with the Joneses, Who care what people think what you drive or wear, by the end of the day, you have the cash in the bank and less tressful life.

    I hope you start apply it to your daily life.

  • Lorretta 2:15 pm on August 27, 2010

    you can find it in tools on this website http://infofinance.notlong.com/5AAnlUR

  • Jeremy 2:15 pm on August 27, 2010

    It really depends on what your goals/objectives for the money are.

    Ask yourself these questions:

    1) When do you need to access this 500-1200 dollars? Can you commit these funds for a long term investment (10+ years) or do you think you’ll need to cash this in within a year?

    2) Do you have 6 months of expenses set aside in a savings account? No? Then put this money towards your emergency fund. Yes? Pay off high interest debt or use this money to start a tax sheltered retirement account (Traditional or Roth IRA).

    3) Do you feel comfortable buying and selling individual stocks? If you’re asking Yahoo Answers for stock tips, then I doubt you are. Individual stock trading presents considerable risks.

    You are doing the right thing by thinking about your future.

  • Pankaj 2:15 pm on August 27, 2010

    You have always wanted some extra cash. You don’t want to go selling anything, you hate prospecting or making calls (I do too, just as much..), you do not wish to go explaining concepts.

    Yet you want that extra income and you would like it to be a stable source where the money just keeps flowing in.

    And ‘Our-e-Biz’ is designed just for all that:

    And you need to do is give few telephone numbers and email addresses. We talk and close the sales for you.

    Here is the link:

    http://www.ourebiz.net/index.php?lid=12529

    Click and enjoy the product and business opportunity.

    Pankaj Shukla
    M.Tech. (IIT Delhi)
    9450675073
    suklap@gmail.com