Money Forum World

Golddigga · Joined: 08 Nov 2007 Posts: 2086

I need someone that knows a lot about purchasing stocks.....help me out here...?
i don't know that much about the stock market or purchasing stocks,thats why I need your help. I wanna learn how to purchase stocks and trade and how much I have to use up on purchasing a stock and what not. I heard you need about six months to learn that kind of stuff and know what ure doin. could someone supply me with more information on this kind of stuff?.or tell me which sites I can get them from? thank you

Erick Hurst · Joined: 08 Nov 2007 Posts: 2140

Basically you may be able to purchase stocks through some ways.

A discount broker, who will just take an order for a stock and get it done for you. About ten bucks a trade. Just let them know the stock you want and the price youre wanting to pay and theyll execute the order.

A full service broker, who will give you advice on stocks and maybe get you in on IPOs and stock offerings if youre a good client. THeyll charge lots more.

Buy a seat at the exchange and do your sales over the network. Dont think about this one.

If your question is about learning on what stocks to purchase and how much theyre worth, and if you may be able to expect the price on them to go up and such, youre going to either have to read a helluva lot of books, or go to school and get an education in finance and investment valuation.

Lester H. · Joined: 08 Nov 2007 Posts: 2088

go to the bank and talk to them,, they will assist you

Ingrid-H · Joined: 08 Nov 2007 Posts: 2202

Well, from the experience of trading on the stock market for many years, I know that it takes a long time to understand market movements and changes in share prices. it's told that a minimum of $3000 is invested at any one time in a single transaction because of trading costs and commission making any smaller amount hugely costly.

The best way to start out is by picking at least ten different stocks from differing sectors. This is basic stuff, and comes under the Modern Portfolio hypothesis of Risk Management technique. Stick to a big spread of businesses and, if the market rises, then so will your shares.

There are lots of books that supply useful info for the private/amateur investor, I could propose reading some before you start.

Carlene Franco · Joined: 08 Nov 2007 Posts: 2143

That is tuff, you'll get 100 different opinions. The 1st thing you have to choose is what your objectives are. If you're wanting to make a ton a money fast you're going to have to take on lots of risk not suggested . If you're a lasting investor you have more flexibilty and a better chance of success.

Travis13 · Joined: 08 Nov 2007 Posts: 2152

Check out the free courses at morningstar.com [morningstar university.

Do not invest money till you tried out some trial portfolios with imaginary money.

Avoid pinkslip and penny stocks. Avoid Canadian and other small company mining stocks. don't purchase stocks that appear in spam.

It involves quite some effort and time, but there are not many things more rewarding if you really know what you're doing.

Much less than half of all investors have a clue.

H2wood · Joined: 08 Nov 2007 Posts: 2081

Investing takes a whole lot of education, experience and mindset shift. If you're really serious about it, the 1st thing you have to do is clarify your notions about finances, money, money and find out your risk aversion.

Next, you then have to learn the basics of how to read financials e.g statements of financial performance and statements of financial positions. Then, train yourself about stocks, the stockmarket.

Go to investment seminars, take courses about trading stocks, network with other experience stockmarket people, i.e people that have really made real, yearly profits from trading stocks.

Determine your risk bound or set your risk management system, i.e your stop loss, profit targets, upper limitations on your trading bank.
Decide if you want to be a basic stocktrader, a technical trader or a combo of both.

With that in mind, papertrade for at least six weeks using realtime stockmarket data, i.e trading on paper without using any real money. After you get a feel for it and are comfy, shop for stockbrokers, set up an account, and get to trading.

One hot tip: never be emotionally attached to a stock and never trade when you're emotional.

RoyalM · Joined: 08 Nov 2007 Posts: 2111

Scottrade.

Corrine Lane · Joined: 08 Nov 2007 Posts: 2056

You may want to check out top10traders.com this is a free site that allows you to create a portfolio of stocks with $100,000 in play money. Each day the site ranks the best performing portfolios, so you may be able to see how your picks perform in comparison to other investors. You may also read posts on investing from the best traders, also as share your investing ideas. there's also a charting feature, so you may be able to see how your portfolio performs in comparison to the S&amp,P 500.

Here are this months best traders:

top10traders.com/Top10Standin.

Good luck.

Angelica Chan · Joined: 08 Nov 2007 Posts: 2120

you dont need six months but I could strongly recommend starting off with a broker like Edward Jones, AG Edwards etc instead of somethign like sharebuilder or scottrade because the latter two you're pretty much on your. Sure you're paying for their advice but they offer the BEST advice and they know their stuff.

Lorenzo Kelly · Joined: 08 Nov 2007 Posts: 2097

Books on investing are good. Some investment seminars are ok. Classroom study is better. A good consultant that means someone who really cares that you learn what you're doing is the complete best. Working with a counselor/advisor is the same as on the job training. You could need a minimum of six months to get a clue of what the stock market is about.

Contact your nearest community college and see what courses they offer. Ask if the instructor is from the investment business or was teaching for some years. If you're lucky in finding a good consultant, you may want to for the persons credentials before wasting time and money. A good consultant will communicate well and give you info that seems right to you. The right person will teach you about the types of stocks, and mutual money that are in the market. for example, you may want to be able to tell the difference between an overpriced stock from a value stock. you may want to also learn how to read and interpret financial statements from businesses. Investing is no more hard than what you make it. One of my best clients was a 16 year old who put his heart into investing in the market.

Learning to purchase stocks isn't as hard as many people think. Start gradually and dont invest till you are aware of what the consequences may be. My advice is to purchase a round lot 100 shares of a single stock for your initial investment. Pick a company that doesnt cost more than $30 per share. Once you do buy your 1st stock, you'll become part owner of that company. you may want to start out in an business that you are aware of. I feel like offering a tip before I close. you may want to do pretty well if you owned shares in Southwest Airlines NYSE: LUV . The company operates in one of the fastest growing regions of the United States, and the price is nice at a little over $15. Tell your advisor/instructor I said so.
Good luck.

Hawk

Todd Burris · Joined: 08 Nov 2007 Posts: 2167

I could propose visiting ibooyah.com for your investment matters. good luck.

M Stein · Joined: 08 Nov 2007 Posts: 2243

Buy the book, The Investing Bible. it'll tell you all that you need. If you're still puzzled, then I could put your money into a mutual fund where they do the investing for you.