ANSWERS: 8
  • Be very careful of administrative fees. if your stocks are not making you a profit, the admin. fees will sponge away your investments.
  • Honestly inexperienced and the stocks do not mix well. You really have to take the time to learn how the markets work before you get involved in the markets. My best advice for someone completely new is to visit http://www.vanguard.com You will learn a lot about your own risk/ reward tolerances by visiting this site. Also the following FREE websites all offer great learning resources: http://www.lucky-dog-investing.com http://www.investopedia.com http://www.motleyfool.com
  • You should now just focus on your studies and not be pre occupied with the stock market for atleast another 5 years
  • Pay of your credit card and your return will be whatever the interest was that you were paying!
  • Investigate the different investments you have available to you. Make THE BEST investment you can: Invest THE TIME to educate yourself. Once you have that knowledge, no one can ever take it away. In the beginning "newbie" traders & investors DO NOT INVEST any money. It probably won't be too long when you'll feel you're ready to invest your hard-earned money. Before taking that step, you really should do research about what you are investing in. You should LEARN HOW: A] the stock market works. B] to invest in many, many various ways. C] to properly trade D] Properly manage the money in your trading account. "Newbie" investors & traders ALWAYS make mistakes. In fact, throughout a person's trading hobby, avocation or career, he/she makes mistakes. In the beginning, you READ & LEARN about the market & how it works: Read the very basic books about what the different invetments are, how each investment works and learning how to trade that investment. As you read & do research about the investments you are interested in, sometimes you'll come across a financial or investment term you never heard before. Use an on-line investing site or an investment dictionary. There are also free sites where you can set up a virtual account & almost trade as though you were trading with real money. Since Google is providing the ads for this site, you can do a google search for those. There are quite a few of them. You might want to try a few different virtual trading sites, THEN make your selection. A SIMPLER WAY TO TRADE: This is what I learned about the stock market and trading: 1] I read a little about the overall market and how it works. I read about different aspects: mutual funds, currency, commodities, stocks and options. 2] I asked Qs of my coaches and mentors; suggestions were made to me. 3] THEN I read and studied about those areas which interested me. 4] I concentrated on those areas which interested me and which fit the amount we had to work with. 5A] For those strategies I felt comfortable with, I developed trading rules. For those strategies I didn't know anything about, I developed some trading rules. 5B] I discovered I only needed trading rules for 4 to 6 trading strategies. 6] Using those rules, I paper traded. 7] When trades went against me - when I lost money - I adjusted or "tweaked" those rules for that strategy. 8] I paper traded - again and some more. 9] I made further adjustments. 10] I’ll admit I didn’t do enough research for the right broker for our trading needs, wants or desires. However, the one we decided to go with is OK – but not the greatest AND definitely not the least expensive. Yet, the actual trading account was opened: As a speculator, with margin, with the approval to trade options. 11] Yes, it was VERY scary AND I was VERY apprehensive: BUT, I MADE THE BIG JUMP: Going "live" - in-the-market - with real money. I lost some money. NO ONE ever succeeds in each and every trade 100% of the time. A] BUT I didn't use the entire amount of the account's money on one trade. I learned HOW TO properly manage the money in the account. B] I lived to trade another day. AND I continue learning and living to trade other days. C] AND YES, I STILL have a few losing trades. BUT my winning trades are A WHOLE LOT more than the losing trades. Thanks for asking your Q! I enjoyed answering it! VTY, Ron Berue Yes, that is my real last name! Sources: My wonderful family! My wonderful coaches and mentors! TWO [2] of THE ABSOLUTE BEST, MOST wonderful trading groups in the world, which I am most proud to be a member of! Trading stocks and options more than 2 years. "THE University of Hard Knocks"
  • Depends on how risky you want your investments....The more money you want to make...the riskier the investment. You could sink your money into blue chip stocks...Companies like Walmart, Coca Cola, Altria ETC. Blue chips will give you a nice return over the years but not as risky. I have some stocks like BIDU (China's version of Microsoft) and ISRG Intuitive Surgical......Little more riskier but my 60 dollar shares are now about 350.00 to 400.00s a share. As A beginner I read alot on Motley Fool.com and got enough information to make these picks...
  • Investigate the different investments you have available to you. Make THE BEST investment you can: Invest THE TIME to educate yourself. Once you have that knowledge, no one can ever take it away. In the beginning "newbie" traders & investors DO NOT INVEST any money. It probably won't be too long when you'll feel you're ready to invest your hard-earned money. Before taking that step, you really should do research about what you are investing in. You should LEARN HOW: A] the stock market works. B] to invest in many, many various ways. C] to properly trade D] Properly manage the money in your trading account. "Newbie" investors & traders ALWAYS make mistakes. In fact, throughout a person's trading hobby, avocation or career, he/she makes mistakes. In the beginning, you READ & LEARN about the market & how it works: Read the very basic books about what the different invetments are, how each investment works and learning how to trade that investment. As you read & do research about the investments you are interested in, sometimes you'll come across a financial or investment term you never heard before. Use an on-line investing site or an investment dictionary. There are also free sites where you can set up a virtual account & almost trade as though you were trading with real money. Since Google is providing the ads for this site, you can do a google search for those. There are quite a few of them. You might want to try a few different virtual trading sites, THEN make your selection. A SIMPLER WAY TO TRADE: This is what I learned about the stock market and trading: 1] I read a little about the overall market and how it works. I read about different aspects: mutual funds, currency, commodities, stocks and options. 2] I asked Qs of my coaches and mentors; suggestions were made to me. 3] THEN I read and studied about those areas which interested me. 4] I concentrated on those areas which interested me and which fit the amount we had to work with. 5A] For those strategies I felt comfortable with, I developed trading rules. For those strategies I didn't know anything about, I developed some trading rules. 5B] I discovered I only needed trading rules for 4 to 6 trading strategies. 6] Using those rules, I paper traded. 7] When trades went against me - when I lost money - I adjusted or "tweaked" those rules for that strategy. 8] I paper traded - again and some more. 9] I made further adjustments. 10] I’ll admit I didn’t do enough research for the right broker for our trading needs, wants or desires. However, the one we decided to go with is OK – but not the greatest AND definitely not the least expensive. Yet, the actual trading account was opened: As a speculator, with margin, with the approval to trade options. 11] Yes, it was VERY scary AND I was VERY apprehensive: BUT, I MADE THE BIG JUMP: Going "live" - in-the-market - with real money. I lost some money. NO ONE ever succeeds in each and every trade 100% of the time. A] BUT I didn't use the entire amount of the account's money on one trade. I learned HOW TO properly manage the money in the account. B] I lived to trade another day. AND I continue learning and living to trade other days. C] AND YES, I STILL have a few losing trades. BUT my winning trades are A WHOLE LOT more than the losing trades. Thanks for asking your Q! I enjoyed answering it! VTY, Ron Berue Yes, that is my real last name! Sources: My wonderful family! My wonderful coaches and mentors! TWO [2] of THE ABSOLUTE BEST, MOST wonderful trading groups in the world, which I am most proud to be a member of! Trading stocks and options more than 2 years. "THE University of Hard Knocks"
  • How will i start investing and getting into stock, Precisely what i was really looking into is to start getting legal money online.

Copyright 2023, Wired Ivy, LLC

Answerbag | Terms of Service | Privacy Policy