whats the best way to start getting into stocks?
i wanna start getting into stocks but idk where to begin. im a college student and i dont have alot of money but i heard when planned right u can make alot of money off stocks over a course of a few months. soooo where to begin? any other tips or advice about stocks would be awesome thank you
Asked by Tally about Investing
you dont invest unless you dont need the money for years. You should not be investing in stocks as a college student. Wait until you have a full time job emergency funds saved and no debt
Answered by conusgypsy
Stock is like gambling you either win big or lose hard. Additionally chances are you wont make a lot if you dont invest a lot. Most firms that can get you started require a minimum of 3 5 k to get started. I would suggest you buy CDs or bonds.
Answered by seth
i wanna to get into stockstoo.and i dont know a lot baout it.I will wait for the good tips :
Answered by Sanji Ss
What you might want to consider is dummy portfolio to get a feel for the market. The best plan would not to expect to make large gains over a short period.
Answered by goatslunch
Know the basics of investing. Read about stocks and the market. Review online financial sites. Open an account where you can buy and sell your own stock they charge a small commission for each trade but its not much. Other than that its up to you to research and decide what you want to invest in.
Answered by Online Investing
To Start Investing It takes a long time to learn the stock market and it would help if you read some books and information online. Before you start investing in the market the first thing you need to decide is what risk level you want to take. CDs backed up by the government has about 34 annual return for the long term with a low risk. Bonds or Bonds Funds has about 57 annual return for the long term with a medium risk. Stocks or Stock Mutual Funds has about 810 annual return for the long term with a high risk and are more volatile than Bonds. Usually the more risk you take the more return you will have but not always. To see the Risk vs Return go to my photo at: http://i1223.photobucket.com/albums/dd520/jjmarcantell/RiskvsReturn.jpg If you cant see the Return vs Risk table let me know and I will send it another way. The stock market is basally made up of stocks and bonds. Investment managers pick a group of stocks to make a mutual fund or a group of bonds to make a bond fund. They even put a mixture of stocks and bonds together and call it Growth Income Fund. 1 Mutual Funds: I like mutual funds because they have a group of stocks could be around 100 invested in different sectors and manage by a professional. Managers have lots of schooling for investing in stocks around 8 years. So I think managers can pick stocks better than me. There are lots of different kinds of mutual funds that does not charge any fees to buy its shares and they are called Noload Funds. There are also some funds called Load Funds that charge 5 of your investment. But what I dont like is the fact that most funds has trading restriction and you may not be able to trade more than 4 times a year. Thats because it makes it hard for the fund to make a good return if there is to much trading in the fund causing the fund manager to make more buys and sells. Mutual funds are meant for long term investors. 2 Stocks: Stocks is more volatile than funds unless you spread you money in about ten different sectors and know witch sector will do best. And stock trading restricting is only a few days and thats something that I like. If you own stocks you need to keep up with all the companys business so you dont get stuck with a bad stock. 3 ETFs Exchange Traded Funds: ETFs are like a mutual fund but trades like a stock and that is my main reason why I like ETFs. There are some ETFs that represents Indexs. An Index is like SP or DOW. Indexs operate just like a mutual fund with a group of stocks in deferent sectors manage by professionals. You cant buy Indexs because they are not for sell. A company owns them. But you can buy a mutual funds or an ETF that has the same stocks as the Index they represent. There are a lots of different kinds of ETFs for someone to choose from. Some have 1x leverage some have 2x leverage and some has 3x leverage. There are some that represent almost every kind of sector. You can find several good brokers that charge 8.00 and under per stock trade and no fee on Noload Funds. Most broker websites have good research tools. Some popular broker websites are Fidelity TD Ameritrade Etrade Scottrade and others. I think you need a min. of 500 some sites 2500 to open a broker account. If you want more info click my picture and read About Me.
Answered by Chief
