Buying Stocks Online | The place can a novice start investing and ...

Where can a beginner start investing and buying stocks online?
And when I say ?beginner? I mean just that.

I have never invested in stocks before. But find that it?s something I?m starting to become interested in as I grow older.

Thanks.
Best answers:

Answer by OPM
As an economist and professional investor, DON?T.

Instead do several things.

First, go to Edward Jones and give them your money. They are a very well respected brokerage firm. They will keep you out of trouble, which is a big help, and you should do reasonably well.

Second, pick up a copy of ?The Intelligent Investor,? by Benjamin Graham. It was last published in 1972, but is widely sold at any major book store. After that, it depends upon your accounting knowledge. A good MBA textbook on accounting will help alot if your skills are few. After that, buy ?Security Analysis,? by Cottle.

Third, and you can do this at the same time as you buy the first book. Go to www.marketocracy.com and register an account. They will give you a fake $ 1,000,000 to invest. If you do a good job they will pay you, if you make it into the top 100 of the 70,000 competing investors. It will let you see how you stack up compared to others, it will let you make mistakes without actually hurting you, so you can learn, and it is quite realistic.

After all of the above, go to www.etrade.com and open an account. They are excellent and provide a very wide array of services.

asked by: Garry 7

What would be the first steps to take when buying stocks online?
don?t know anything about stocks, but am interested in learning about them and how to go about investing. Looking for recommendations on where to start.

Best answers:

Answer by yeeooow
We must all become educated investors much more so then our parents were and start sooner. These are some
basic steps to get you started. You?ve got to jump in now.

Step 1.
First decide what kind of brokerage you want to work with. You can open a brokerage account in your bank, with a
large full service brokerage or an internet brokerage. I find when I get help, most people want to sell me things that
are better for them?. So I use http://www.scottrade.com because it?s cheap and easy with low frills. I like their
streaming quotes and I do my own research and make my own investments. But any low cost internet brokerage
service is fine.

Step 2. get a subscription to Barrons or Investors Business Daily? Do this for 6 months or a year. At first, It seems a
bit mysterious, but pretty soon you start to understand the terms and things that investors are looking for and what
they are afraid of

Step 3. If you have some money to invest, put it in 3 month CD?s right now. First the market is unstable and second
you have some homework in Step 3 to do before you do any investing.

Step 4. Go out to the internet and search on the following subjects. Become very familiar with the concepts.
Asset allocation
Long term investing
inflation
Roth ira vs ira
Large med small cap
Value vs growth
Indexed mutual funds
No load mutual funds
ETF
Sector funds
Bonds CD preferred stock
dividends
International funds
Market cycles
volatility
Fundamental analysis
Technical analysis
In most cases, I think it is wise to use indexed mutual funds and ETF to build the base of your portfolio.

Step 5 go to http://clearstation.etrade.com/ and sign up for a free account. Play around there by looking at graphs and
fundamentals. If you click on the graph names, you will get clear information about what the graph is based on and
how to interpret it. I think it?s also a good idea to pretend you have $ 10,000 and start buying and selling on paper.
Keep track of where you are each day for a month? It?s a lot easier to lose play money then real money?.
WARNING: don?t rely on technical analysis alone. These graphs a good at telling you WHEN to buy and sell, but
now WHAT to buy.

Step 6. It?s always a good Idea to see a CFP (certified financial planner). Their job is to work for your benefit, not to
sell you investments. They can cover subjects like employee benefits, insurance, budgeting, living trusts, 401k, taxes
and real estate as well as investment types and investment types to keep away from.

Always strive to do your own research? you?ll find everyone sounds like an expert so take everything people tell you
with a grain of salt. It?s not easy in the beginning but soon you will be the expert.

Don?t get involved with futures, currency, options (unless you get stock options at work), commodities, annuities or
other derivative type investments at this time.

Good Luck

asked by: el aji

Source: http://stockpickusa.com/stock-market/buying-stocks-online-the-place-can-a-novice-start-investing-and-buying-stocks-online/

al green burger king delivery etta james at last john king obama sings al green heidi klum and seal ohare airport