Archive for June, 2010
I’m very new and know little about how the markets work. I want to know where i can learn more about the markets and how to go about trading stock? could you also list all the pre-requisites i might need such as accounts,etc.?? And also where would i go for information on upcoming and new areas that i could invest in?
Could you be more Australia specific with your answers. What would be the best way to go about doing the above in Australia??
You might try obtaining a copy of "Investing for Dummies" at your local library. If you can’t find it there your local book store might still have a copy. Book stores however have pretty much purged their investment books during the last couple of years. Not too much demand these days. Amazon.com is almost certain to have a copy. I also have seen this book on some of the sites that sell distressed stock. The book is an excellent book for beginners. Fool.com has a site where one can participate in CAPS. It has a lot of information on potential stocks.
You can open a brokerage account with any one of a number of on line brokerage firms. Scottrade.com is very inexpensive. TD Ameritrade is a little more expensive but not much. Fidelity.com is a premium site but does have considerable research that the other two do not offer. Etrade is a 4th you might consider. Some of these have a minimum amount you need to deposit to open an account. Others do not. Once you make your deposit you are good to go.
I know pretty much zero about investing, but I would like to start putting my money somewhere where I could eventually make a profit. I’m just beginning college, so I don’t want and can’t to invest lots of money.
I don’t know any investing vocab! I really need something that explains the very basic stuff.
beginnersinvest.about.com and earlyearners.com
Two websites you can check out. Best way to start investing is to just by setting aside a small about each week or month i.e. 25.00/week and letting it set in a savings account until you find a certain investment you would like. Whatever you do make sure that the investment is something you are comfortable with. And whatever anyone tells you nothing will guarantee a return except goverment obligations such as government issued bongs and banks. OTher than that there is risk. However risk isn’t necessarily bad. Just research before you buy.
Ok. Lets say a Real Estate investor buys a 20 unit apartment building (20-Plex). And this landlord has paid off the WHOLE building. It is 100% occupied and he charges 600 per month in each unit. And wonderfully everyone pays on time every month 
SO it grosses at 144K a year. ALL i want to know is what will be his NET after that, because i know there are expenses that hes gonna have to use that 144K. Can u tell me what these different expenses are and how much u estimate his net will be after all the expenses? Thank YOU! Sorry about the long paragraph lol im just curious because i want to learn about RE investing.
Cost of operation: heat, lights in public areas. Fixing things that break. Insurance. Real estate taxes. A new roof every so often. Cleaning service. Snow removal for some places.
One that has the resources / assistance to help you from making typical newbie (costly) mistakes.
Charles Schwab & Fidelity Brokerage… either one would be a good choice.
The last thing you should be doing is opening a brokerage account. You should take 6 months to a year to learn the basics of investing & trading. The 2nd biggest mistake you could make is trying to trade penny stocks (stocks under $5).
Be smart… learn this stuff first!
What are some steps after you study buisiness that you should physically do after learning about stock to start investing, and trading, as well as some things to buy, tools, and other useful things to help you ?
Even after studying business, you are not ready to start investing in stocks yet. Before you start investing, you should take time do some reading. There are many great books and online tutorials out there. One of my favorite sites is Investopedia ( http://www.investopedia.com/ ).
After you have acquired the appropriate knowledge, you will need to find a stock broker. I prefer discount online brokers because they are much cheaper than full-service ones. Plus, I like to make my own decisions when trading. I currently use Firstrade ( http://www.firstrade.com ). They are much cheaper than big name brokers such as Scottrade, Ameritrade, Etrade, and Schwab. Their website is easy to use, making them perfect for beginners. I would definitely recommend them.