Question by only me: I’m considering giving investing in the stock market a shot but need to learn the ropes. Can someone give tips
And advice on how to start?
Any advice is welcome from knowledgeable people.
Best answer:
Answer by Walter S
Go to your local library and look at what they have available.
It would help to know on a scale of 1 to 10 your knowledge of business, the stock market, finances. 1 being none, and 10 being an expert.
The first thing to understand is what a stock / bond etc… actually are. Next is to understand how they are bought sold, and where you can buy or sell them.
There are many books at the library covering this, just tell the reference librarian what your looking for. They also have DVD’s, and videos.
Give your answer to this question below!
Related Posts :
- July 25, 2010 -- Q&A: I am new to the stock market investing area, could someone give me a few pointers on what to look for?
- July 3, 2010 -- I am new to the stock market investing area, could someone give me a few pointers on what to look for?
- May 19, 2012 -- Q&A: What are the best investments someone could make, besides real estate and investing in the stock market?
- May 18, 2012 -- what do i need to know about the stock market and investing ?
- March 20, 2012 -- what are some things you learn from investing in the stock market?
- January 26, 2012 -- Q&A: can someone make stock market investing his business .. i mean can someone live on just investing in stocks .?
- January 21, 2012 -- Q&A: Where should I begin to learn about investing in the stock market?
- December 27, 2011 -- Stock Industry Buying and selling Tactics: Learn Stock Market place Investing
- November 21, 2011 -- I am investing in the stock market and need to know what limit price is?
- October 26, 2011 -- What are some good tips for investing into the stock market?
Tags: Considering, give, Giving, investing., Learn, Market, need, ropes, shot, someone, Stock, Tips
First of all, I’d advise that you purchase and read the book “Investing For Dummies” which you can get to by clicking on the below link. Read it thoroughly, and then do some reading on the internet regarding stock investments. Good luck.
Your financial security is too important to be taking advice from complete strangers. Take control and ownership of your future and educate yourself. The bookstore and local library are filled with numerous books and resources that will give you the tools and knowledge that you need to make an educated decision about where to invest your money.
I am glad you are trying to learn the ropes before jumping in. Like in everything else in life, there’s nothing like starting early. Consider this excellent article about the benefits of starting early and what Compounding can do for you, when you start early.
Power of Compounding
http://www.valueresearchonline.com/story/h2_storyView.asp?str=4007
Next, I would recommend you to first get solid grounding in Investing. 3 must read books. If you haven’t heard of these, buy them NOW, today. They will be your invaluable guides to safe & prosperous investing and future wealth creation.
1. Intelligent Investor -Benjamin Graham
Considered the bible of all investors, this will foremost teach you the basics and most importantly, how not to lose money. Thats the first lesson you need, believe me
2. One up on Wall Street -Peter Lynch
This is another classic. Tells you how to spot winners from what you see around you. successful products, companies. Practically shows you how you do not need to be a hot shot financial analyst to be able to spot good moneymaking opportunities in stocks
3. Common stocks Uncommon Profits- Phil Fisher
As you dabble for 1 or 2 years, make some money and also make some small (hopefully) mistakes, you will start itching to catch the multi-baggers, the ones that go up 4x-10x in a couple of years! This book show you how to sift out probable winners
Start listening in on the financial channels, start reading a business daily, daily. Check out great investing basics websites like
http://beginnersinvest.about.com/
http://www.investopedia.com/articles/basics/
http://www.kiplinger.com/moneybasics/
And ask questions to the more experienced investors at popular forums, hang in lurk at some of the great investing forums for pearls of wisdom and when you have a query that you have to have answered post a quick one. Consider Chucks Angels -a nice yahoogroup for wannabe investors too http://finance.groups.yahoo.com/group/chucks_angels/
Good Luck. And get cracking, TODAY
find yourself a good broker
good luck with that