Archive for the 'stock investing' Category
From researching I have found I need to open a cash account with a brokerage firm to start penny stock investing is this correct?
If you are old enough, you can open a cash account at an internet brokerage firm like, ScottTrade, Ameritrade, Fidelity, etc. their minimums may be as low as $2000 to $10,000. Then once your check has cleared you will have acces to buy any stock of your choice. I will tell you that "penny stocks" (those selling for less than $5 per share) are extremely risky and while you could make incredible gains of 50% or more, you could also lose half or nearly all of your money too. You do not have to buy penny stocks simply because you have little money to invest. With low resources the better thing to do is buy less shares (even 1-10) of a quality company and learn what you are doing first. Build up your account by continually adding to the principle. Every one thinks they are aggressive till their account falls by 20% or more!
I’m trying to learn more about investing and the stock market. Anyone know some good books that break down the lingo and what everything means? Its kinda hard to research or learn when your having a hard time understanding it all. Thanks!
So you say you want to learn how to invest in the stock market.
Education is the key ingredient. Read all you can get your hands on about investing and the stock market. Knowledge is power, so become an educated invest before making your first buy.
You could start here: www.investopedia.com
I recommend a starter book called “The only investment guide you’ll ever need” by Andrew Tobias http://en.wikipedia.org/wiki/The_Only_Investment_Guide_You%27ll_Ever_Need
If you want to become a member, this is another good Organization to learn from: www.betterinvesting.org
Your next task is to figure out 4 things.
The amount of risk you’re willing to take?
No risk, Low risk, Medium risk
You get the picture.
What kind of investor do you want to be?
Saver, Speculator or Specialist
How long to want to invest?
Day trader, Short term, Long term or Life long
What do you want to invest in?
Stocks, Bonds, Coins, Precious metals, Money Market, Real Estate,Etc.
There are different styles of investing so learn them all and then pick the one that suits your risk tolerance and tastes.
I chose to be a Dividend Investor. I do reinvest my dividends and that buys me more stock. Since I’m in it for a life time I do not let the roller coaster ride of the stock market influence my decision to sell. I have set up an excel spread sheet of stocks that I have considered to buy and loaded them on to a portfolio on yahoo finance. When I copy and paste the current prices into spread sheet my excel spread sheet tell me when to buy, hold, or sell. It does this by the criteria that I set up in the formulas I created in my spread sheet. I research all the companies before they go my spread sheet.
http://www.globalinstituteofwealthforwomen.com
Linda P. Jones shares how the spiritual and financial are connected.
Duration : 0:3:37
Learn value investing at http://www.magicformulapro.com
http://www.alphatrends.blogspot.com