10 responses so far ↓

• 1 dnldslk // Sep 13, 2008

  Read the newspaper Investors Business Daily. It will give you an education–the first prerequisite for becoming successful in the markets.

• 2 h // Sep 13, 2008

  Since this is your first stock you need to under stand that the stock price will go up and down everyday. I would suggest that you buy some that that would enable you to grow your money. As a example and a example only this works. You buy duke power (duk) and you what to buy one share every month for 5 years. You do this by using the company’s drip plan (no cost to you). You reinvest the div and watch your money grow. It takes time but it is well worth it. ALSO you will pay income tax on the money earned thru the divi.

• 3 brettstouffer // Sep 13, 2008

  Without getting too in depth find some stocks you are interested in. Go to yahoo finance and get quotes. Check the quotes at least once a day. How long you watch the stocks is up to you. But make it long enough to get a feel for how the stock fluctuates in the market.

  For your 1st time you might want to start with mutual funds, or stay with a blue chip stock. That means a big company such as P&G, GE, Dupont.

  A way to minimize risk (but not eliminate it) is to dollar cost average. That means invest a little at a time in the same stock over weeks months or years. You the buy the stock at different prices but when you average them together you usually come out ahead.

• 4 Stockwillrise // Sep 13, 2008

  U need a pro like me to guide you through and make money for u while u learn. visit my free website http://www.cashthecheck.ws
  Here I give stock and option recommendations. All my recommendations are accurate.

• 5 Joseph R // Sep 13, 2008

  Before you start investing, you should start educating yourself. You need to know how to research each company, how much they're are worth in the market, how much you're willing to lose money in case of a bear market, and above all discipline. If people follow the crowd by buying/selling ABC company, they won't get very far in the world of investing when it comes to building wealth.

  There is a website called "investopedia" that can help you know the basics of investing. They also have a stock simulator which is a virtual stock portfolio that would help you learn about investing. You play with virtual money while playing in real time trades.

  You should also seek help from people who know how to trade like a pro and put your money in a growing portfolio.

  If you want to know where to start there are two ways to trade stocks: traditional and online stock brokerages Sometimes I recommend an online brokerage b/c of its flexibility and the convenience of trading stocks on your own.

  Here are some online stock brokerages I can recommend:

• 6 Subhankar // Sep 13, 2008

  First buy Peter Lynch’s “One Up on Wall Street”. Read it cover to cover.
  It is an enjoyable read and will provide the fundamentals of stock market investing. Then decide on your next steps.

  For a list of other books that I’ve found useful, please visit the June ‘08 posts on my blog (http://investmentsfordummieslikeme.blogspot.com).

  Investing is serious business. Try to learn as much as possible before buying your first stock. Buy only the best stocks. That’s a great way to avoid losing money.

  But understand that just as losing games is part and parcel of baseball, losing money is integral to playing in the stock market. The trick is to have a batting average above .500. That’s almost impossible in baseball - but quite possible in the stock market.

• 7 Doctor Deth // Sep 13, 2008

  if you have no other investments, don’t even thing about buying individual stocks - very risky - buy CD’s, savings bonds and mutual funds before even thinking about stocks - if you don;t know what you are doing - you risk losing all your money if you make a bad decision

• 8 Jason M // Sep 13, 2008

  listen to Dr Deth

  CD, Mutual Funds, and US Savings Bonds are the best way to start out.

• 9 The Old Guy // Sep 13, 2008

  Before you invest in any security, the first investment you should make is in yourself, and the best investment you can make is by educating yourself.

  Start your education by learning why you should invest and the importance of being able to make your own decisions or how the pro’s make theirs.

  Here is some reading material that can get you started in the right direction, The first book you should read is Rich Dad Poor Dad by Robert Kiyosaki

  Then try some of these
  What Works on Wall Street by James O’Shaunessey
  Beating the Street by Peter Lynch
  One Up on Wall Street by Peter Lynch
  The Warren Buffett Way by Robert Hagstrom
  How to Make Money in Stocks” and 24 Essential Lessons for Investment Success both by William O’Neil

  Get into the habit of making daily visits to some websites like MSN Money and Yahoo Finance. (http://moneycentral.msn.com/home.asp http://finance.yahoo.com/ )

  While at MSN following the strategy lab analysts to get a feel for what the pros are doing and why. This site has some basic information for beginners.

  Other website that can provide instructions and help with procedures and terminology are Investopedia - http://www.investopedia.com/ Stock Charts - http://stockcharts.com/ http://www.investorshub.com/ http://www.1source4stocks.com/

  Visit some of the more professional websites like Zacks - http://www.zacks.com/ Smart Money - http://www.smartmoney.com/ Schaeffer’s – http://www.schaeffersresearch.com/
  Some of these web sites will have advertisers who are worth looking into also

• 10 beastseekbeauty@yahoo.com // Sep 13, 2008

  Nothing ever says you can’t lose money. You need to be real girl. Once you realize its’ all a bet, and risk, email me and I’ll help you.

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