Money Forum World

Importer · Joined: 08 Nov 2007 Posts: 2161

I know some about stock market. but, I have never bought any stock before. I need help to start. Either tell me something on it, or give me suggestion to purchase a book toread. Thanks.

Rob Nixon · Joined: 08 Nov 2007 Posts: 2145

Hi Franklin,

I could propose you read as much as you may be able to previous to investing. I greatly recommend The Intelligent Investor by Benjamin Graham. Graham is regarded as to be the father of value investing. He was a professor at Columbia and one of his students was Warren Buffett. I also recommend a tutorial on Investopedia.coms web site. Here is the link:

investopedia.com/university/s.

I hope this helps.

Michael Weiss
The Editor
The Mutual Fund Investor
mutualfundinvestorthe.

BlakeB · Joined: 08 Nov 2007 Posts: 2071

Go to clarkhoward.com and read his advice. It was useful for those of us in the Atlanta area and beyond. he's a true buyer advocate.

StockAddict · Joined: 08 Nov 2007 Posts: 2032

Read investopedia.com since its free and made by people in the know rather than by a writer trying to sell a book. If you have a 401K plan just put money in that.

Travis13 · Joined: 08 Nov 2007 Posts: 2152

For beginners, I like the book Investing for Dummies by Eric Tyson.

H2wood · Joined: 08 Nov 2007 Posts: 2081

Heres a fast and easy guide to to get started. I greatly recommend that you go to a library or bookstore and get a good book on investing. Also check out investopedia.com and morningstar.com. Good luck.

Getting started in the stock market is really easy.

1 Open a brokerage account.

Check out a broker called Zecco zecco.com . The company doesn’t charge a fee to purchase or sell stock, doesn’t have a minimum balance, and won’t charge you a fee just for having an account open. Tradeking tradeking.com and Scottrade scottrade.com are other alternatives.

2 purchase shares in an exchange traded fund.

These are just mutual money that trade on the stock market, effectively allowing you to own a little stock in a big number of businesses with a single trade. Two prominent examples are the iShares fund IVV and the SPDR fund SPY both of which hold all 500 stocks in the S&amp,P 500 a listing of the major US stocks . Both money have low costs and should track the performance of the stock market closely.

3 Sit back, relax and do nothing.

The stock market averages a ten 12% return over long periods of time. Over 30 years an investment growing at 12% a year will increase 30 times ie a $1,000 investment will be worth just under $30,000 . Just keep adding more cash to your account whenever you may be able to and don’t panic if the market drops a bit.

You may also look into purchasing individual stocks, but either of these money will make a great core holding.

dj_fuzion · Joined: 08 Nov 2007 Posts: 2017

Read

A Random Walk Down Wall Street: The Time Tested approach for Successful Investing, Ninth Edition

amazon.com/Random Walk Down W.