Money Forum World

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.

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.

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.

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.

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

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.

Read

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

amazon.com/Random Walk Down W.