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serious answers only: I want to get into the stocks and mutual funds how do i get started?

September 10th, 2010 | | Tags: , , , | 5 Comments | |

coinsandgrpahs

Don’t have alot of , is this possible
I want to make at this

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5 Responses to “serious answers only: I want to get into the stocks and mutual funds how do i get started?”

  1. sjbarce Says:
     September 10th, 2010 at 7:55 am

    You probably shouldn’t take advise on stocks and mutual funds from people on yahoo.answers. If you want help on what stocks to look at just look at the financial reports from companies you are interested in. And if you are young, which I have a feeling you are, you are better off in higher risk stocks since you don’t have a lot of cash. The chance to get money is larger, and so is the chance to lose it. Check out Sharebuilder.com.

  2. patti_iis Says:
     September 10th, 2010 at 7:55 am

    Do as much research as you can, before you spend any money! It is very easy to make bad decisions and lose a lot of money, or pay so much money in fees to invest that you end up with nothing.

    Read the financial newspapers and magazines (either in print or online) such as Money, Forbes, Fortune, etc. Learn what a P/E ratio is (for example).

    MSN.com has a great stock-tracking tool. It’s free to use and you don’t even have to buy the stocks. Open an account (if you have msn.com or hotmail.com email you are already there!) and start tracking the imaginary trades you’d make while you are learning the ropes. This way you can see if you are making good decisions or bad ones without having to risk your money. Do this for a couple of months until you are consistently making good decisions.

    Check at your local community college, civic center, etc. Many communites offer short classes— just a few nights for a few weeks— that cost little or nothing and will introduce you to the in’s and out’s of finance. Well worth the time! Another good investment would be to talk to an accountant (CPA, pick one that is certified so you don’t get a scam artist) to see if there is any way you can be LEGALLY entitled to more tax deductions. If you can lower your taxable income via tax deductions, you keep more of your money and therefore have more money to invest.

    Keep in mind— it is VERY rare to make a ton of money fast in the stock market these days. Those days are over and anyone who tells you otherwise is not telling you the truth. If you are looking to make big money in just a few months, you will have to take some serious risks and will most likely end up broke instead of rich!

  3. cuntsucker Says:
     September 10th, 2010 at 7:55 am

    forex is better

    Your currency trading pal
    mog

  4. renman Says:
     September 10th, 2010 at 7:55 am

    first, you must read about investing to decide what type of investor you want to be and of what type of investing you would like to be a part. (daily trader, watch and wait, long-term investing; mutual funds, stocks, bonds, treasury bonds, etc.)

    READ READ READ.

    Explore companies and funds for costs, returns, etc. Do your research. Then, when you are confident in your decision, do an imaginary investment. That’s right… Pretend to invest the exact amount you want to in your specific company/fund. Watch it as though you owned it and see how it does. There is nothing wrong with finding out you are not gifted in making choices for investing strategies. Better to find out for free than paying for it.

    Once you are really ready, try an online investing agency that allows you to purchase shares at minimal costs. Survey all that are available. Try Ameritrade and their likes. Try Merrill Lynch and TD Waterhouse. See who and what fits you best.

    Then, make your choices and invest. Do not get attached to funds/stocks and the like. They are there to do some good for you, your bank account and the planet (hopefully). Have certain goals in mind. Set certain limits to protect your investment.

    Everyone takes a hit now and then, it is how you are prepared and how you react which sets you up as a good or bad investor.

    That is all for now. Contact me in the future if you need more specific advice….

  5. Adalger Says:
     September 10th, 2010 at 7:55 am

    To get started, you need to have an idea what level of tolerance you have for the risks of loss involved in investing. Then you talk to a broker.

    Investing is a complicated activity. I work in securities servicing. I talk to people every day who don’t understand their investments, who think they’ve lost money when they haven’t, who are angry because they didn’t understand what their broker told them, who are confused by the information they receive about their investments, etc. I wouldn’t invest without the assistance of a competent professional, and I don’t recommend you do either. Investments are a lot like prescription drugs: they can be dangerous, and you shouldn’t use them unless you really know what you are doing or have advice from someone who does. You should also do your own homework so you can exercise a bit of prudent critical thinking about the advice you receive.

    Investment is also a lot like gambling. Some might even say it *is* a form of gambling. To be safe, you’ll want to decide how much money you can afford to lose, take only that much with you, and leave half of it in your sock and forget it’s there. As in poker, there is no such thing as a "sure thing" in investing; *any* investment can lose value, and anyone who tells you otherwise is lying.

    It may sound tongue-in-cheek, but the correct answer to your question really *is* "seek professional help."

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