How do I invest and buy stocks?
Iam only 19 but I would like to know how to invest, with stocks,trade etc….
I was thinking about buying some and then simply holding out for the right time I have about 2 grand saved (Iam pretty good about saving my money)
so how do I go about doing this any tips or advice for someone who does not have much of a clue?
also I know the economy is pretty bad but not doing anything is only making it worse in my opinion.
Thanks for answers.
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about 1 year ago
Remember you might lose your saving…
I am a risky person. If i were you i will invest in stock. Because you don’t have finance foundation. I would advice you to go for the high volume stock. Blue chips… The risk is high but return is high too..
If you are not a risk taker, then go get a fund manager to help you up.
about 1 year ago
i practiced on Investopedia.com for a while until i felt comfortable with trading. Then I dove in. Once you learn to do your due diligence you can do very well.
Also (don’t laugh) I bought Investing for Dummies (okay, you can laugh)
The key is to spread your risk over preferably five sectors and pay attention.
Good luck
about 1 year ago
open a account with scottrade im only 16 and i open a account with a custodian its a great page keeps it simple and 7 dlrs a trade dosent get better then that no fees at all
about 1 year ago
I look into stocks that you can buy without a broker my self for about 1/3 of my investments. But to just get started look at oneshare.com.
about 1 year ago
Starting at such a young age would be a great benefit, but you should take some time to do a lot of learning before putting your money at risk (and reading yahoo answers should only be the VERY beginning). Check out a great website http://www.foundationsforinvesting.com for some basics, and then start reading more about the concepts in other places. There are also “practice accounts” you can open to test your knowledge before putting any real money into the market. Good luck.
about 1 year ago
Well you need to first open a demat account and then a broking account with a broker. Post that you can decide on which stocks to buy depending on your analysis and view. However, my experience has shown that if you it is best to invest in a diversified basket like an exchange trade fund.
ETFs trade just like a share on the exchange. They trade on the capital market segment. So you need to just call up your broker, place an order just like any share. ETFs are in dematerialized form and settled like any other share on T+2.
Following are the NSE symbols for ETFs:
Nifty BeES – NIFTYBEES – Based on the S&P CNX Nifty Index
JuniorBeES – JUNIORBEES – Based on the CNX Nifty Junior Index
Bank BeES – BANKBEES– Based on the CNX Bank Index
PSU Bank BeES – PSUBNKBEES– Based on the CNX PSU Bank Index
Liquid BeES – LIQUIDBEES– Is a short-term money market fund
Gold BeES – GOLDBEES– Tracks the underlying Gold Price
about 1 year ago
If you’re a rookie in investing or stocks, go to
http://www.finance.yahoo.com.
Open up a portfolio without using real money. You can give yourself as much or as little money to try out the market. The stocks you want to focus on is consumer staples, consumer discretionary, and healthcare. These are DEFENSIVE stocks that will survive through good and bad times. Most of my positions are in these stocks. Some names include 3M, Procter & Gamble, Kimberly Clark, Exxon Mobil, Walmart, Costco. Everybody’s got to eat and wipe their butts regardless of the state of economy. Many of these companies survived through the Great Depression.
That’s the benefits. You can sleep at night knowing your money is doing well. There are NO guarantees that you won’t lose money. It’s just that these stocks are the best. They pay good dividends too.
Then once you’re comfortable and test the waters of the market, you can finally put some real money in. Go to Scottrade.com. They’re excellent for beginners.
If you’re new to stocks, DON’T DAY TRADE. You’ll a rookie in a world of professionals. I tried day-trading with Citigroup and AIG when they were a little bit over $1. I had some luck at first, making about $30 a day but I was way over my head. My luck didn’t last long and I had to rethink my strategy.
Day trading involves A LOT of commissions to the broker. With all the commissions deducted from each trade, you’ll be lucky if you only lose half your money.
I would just day trade using Yahoo! Finance. Open a stimulation account, give yourself $100 worth of fake money and play it in the stimulation format. You’ll see what I mean by losing money every easily.
Good luck.