I wanna get into the stock market??? can someone give me some good tips?

Man that's a complex question. You can either hand over a bunch of money to a financial manager in your hometown and trust him or her to buy and sell for you (they do lots of research) or you can try to go it alone. If you do that, it will require years of research. Yahoo Finance is an okay place to start, as is E-Trade, Scottrade, and Morningstar.

save money buy low sell high

Start off by buying into an index fund like the S&P 500. This invests everyone's money (who invests in the fund) in the top 500 companies, and the S&P 500 is typically considered the index to beat. So you're immediately starting off by playing the market based on the market's general performance. Do research and look into mutual funds. This will allow you to invest in more specialized sets of stocks, but without having to do massive research (not that there aren't a lot of mutual funds to research as well). Once you feel more comfortable you may wish to begin picking your own individual stocks. But to start, go buy some basic investing books and read, and dump whatever cash you want to invest right now into a market index fund. Your banker/broker can help you do this.

Best thing to do? Buy whats known as an index fund, it invests in every company listed in an index and offers a low sales fee, so you will not lose money to those pesky fees, plus it offers great diversification. Every website that talks about index funds will talk about how great they are because you are immediatey diversified and have low sales fees, plus most Portfolio managers cant beat their returns, so why pay more fees to someone who cant give you as much money back? The most important rule to remember though is to DIVERSIFY and to invest LONG-TERM, dont keep buying and selling stocks on a daily or weekly basis, because after commissions, you will be wasting any profits you had.

Stocks can be tricky for a first timer of the market. Go for mutual funds in the beginning. Still enthusiastic to jump ??? Well..well...buy any of the index stocks and hold for 3-6 months for a reasonable return....

Hi, If I were young, I would be investing in small cap growth mutual funds or stocks. Go here for excellent low cost advice (http://www.aaii.com/aaiiportfolios/commentaries/stockportfolio/200701comment.cfm). Don't be alarmed at the low cost - it has some of the best financial advice on the Web. You have lots of time before retirement which means the magic of compound interest will just keep building and building. It really works and if you keep investing every year, in 10 or 15 years you will be surprised at how it mounts up. In 30 years you could be a millionaire which probably won't amount to much in 30 year owing the the ravages of inflation. By that time you will need a money manager like Fisher Investments to manage your money - probably before when you reach the $500,000 mark. And that's the primary reason to keep investing in small cap growth stocks - they will flog inflation to death. When investing in mutual funds, select the no-load funds only. Do not invest in mutual funds with a "load", an up front commission that you have to pay before when they sell you the mutual fund. Some charge as much as 10% which is a rrip-off. Many studies have shown that the no-load funds do as well as the load funds and sometimes a lot better. Look at the AAI Shadow Stock Portfolio. I would try and emulate that portfolio if you want to invest in stocks. It was up 25% as of November 2006. The Vanguard Index fund is only up 14%. AAII has some of the best financial advisers and the cost is very low. They have excellent guides and advice. You may need a broker so go to e-Trade or Scottsdale who have low commission rates. Do your own due diligence. Your own ideas are the best. Do not depend on someone else to select investments for you. Learn about investing so you don't have to ask what stocks to invest in. Be self reliant. Remember what Emerson said: A foolish consistency is the hobgoblin of little minds, adored by little statesmen and philosophers and divines. With consistency a great soul has simply nothing to do. Find stocks that have steadily rising net profits (earnings), low debt, and good P/Es, lots of cash, companies buying back their stock.. What interests you? Find stocks that pique your interest and passion. You need fast growing good stocks with good earnings and in good sectors. You need to learn more about the stock market before you even think about investing in it. The stocks world is divided into 12 sectors such as energy which chevron belongs to. It is next to last in the sectors list today. Technology is numero uno, but things can change in a new york minute, but within the sector, the fastest growing are computer services, not Microsoft. Then, Electronic Instruments and controls. Next is computer storage devices. The next hot sector is Healthcare, but heed the warning below. Go here for sectors: (http://clearstation.etrade.com/cgi-bin/Itechnicals?Event=srp&Section=redge&Refer=/redge.html) The best software is Vector Vest if you can afford it. It has sector investing. Here is a free Web site for charting stocks: (http://www.incrediblecharts.com/). First of all, stay away from "professional brokers" and tips coming to you via e-mail or friends and acquaintances. And tips at Yahoo! Answers. And e-mail tips. Do your own due diligence - don't rely on someone else. Read Emerson's essay "Self Reliance. Hey! They will say anything to get you to buy their junk. If it's too good to be true, it is. Remember this, they are just sales people trying to sell you what their firm is pushing. They are not security analysts or financial planners, not even financial advisers. Trust me, I know from experience that they cannot be trusted especially with a million dollars. You risk losing it all. A million dollar account is known as a "whale" and they would love to get their greedy little paws on it and suck it dry. They just want to make commissions on what they buy and sell for the suckers, err...clients.. Get this book: The Market Gurus: Stock Investing Strategies You Can Use from Wall Street's Best (Paperback) by John P. Reese (Author), Todd O. Glassman Risk avoidance is the name of the game. Remember, the harder I work, the luckier I get. Penny stocks are highly speculative. I would avoid the ones under a dollar a share. For example, Best Buy started at less than $5. So there are some good companies, but it takes a lot of digging to find the good ones. You are looking for companies with good earnings, little debt, low capitalization, and good P/Es. For stocks under $5, very few will meet these requirements. Stay away from the pharms unless they have patented drugs - do not invest in generic pharms, no growth there. Check out which business sectors are the most popular and invest in the companies in those sectors. The number one, two and three are: technology, health care, and cyclicals (retail). These change periodically so keep current. Go here for a list of growth stocks: http://www.thestreet.com/_googlen/newsanalysis/ratings/10345212.html?cm_ven=GOOGLEN&cm_cat=FREE&cm_ite=NA There are these lists all over the Web - you pays your money and takes your chances. Watch CNBC, but don't pay too much attention to the talking heads, except for Jim Cramer, the wild man - but he tries to teach you how to invest and has some great advice. Get Jim Cramer's Real Money: Sane Investing in an Insane World by James J. Cramer Listen to Jim Cramer on CNBC.com Go to Clearstation for quotes and tutorials on investing at (http://clearstation.etrade.com/). Sign up is free. Look up a few stocks. Do their tutorials. Check out the sectors. Get this book: Value Investing: From Graham to Buffett and Beyond (Wiley Finance) by Bruce C. N. Greenwald, Judd Kahn, Paul D. Sonkin, and Michael van Biema. Another good book: The Motley Fool Investment Guide for Teens: 8 Steps to Having More Money Than Your Parents Ever Dreamed Of (Motley Fool) by David Gardner, Tom Gardner, and Selena Maranjian Jim Cramer's Mad Money: Watch TV, Get Rich by James J. Cramer and Cliff Mason I Want to Make Money in the Stock Market: Learn to Begin Investing Without Losing Your Life Savings! by Chris M. Hart\ Sensible Stock Investing: How to Pick, Value, and Manage Stocks by David P. Van Knapp Stock Investing For Dummies (For Dummies (Business & Personal Finance)) by Paul Mladjenovic All About Stock Market Strategies : The Easy Way To Get Started by David Brown and Kassandra Bentley The Motley Fool Investment Guide and their Web site (http://www.fool.com/). The Little Black Book of Microcap Investing: Beat the Market with NASDAQ/AMEX Microcap Stocks, OTCBB Penny Stocks, and Pink Sheet Stocks by Dan Holtzclaw How To Make Money In Stocks: A Winning System in Good Times or Bad, 3rd Edition by William J. O'Neil Trading for a Living: Psychology, Trading Tactics, Money Management by Alexander Elder Big Trends in Trading: Strategies to Master Major Market Moves (A Marketplace Book) by Price Headley Extraordinary Popular Delusions & the Madness of Crowds (Paperback) by Charles Mackay (Author), Andrew Tobias (Foreword) This book talks about the Tulip craze in Holland where people would mortgage their homes to buy Tulip bulbs. Same thing happened in 2001 - 2002 with the Internet bubble that brought the stock market to its knees. The dot com companies were the Tulip bulbs. Buy Investors Business Daily. It has lots of tutorials and I like it better than the stodgy Wall St Journal. Money Game by Adam Smith Common Stocks and Uncommon Profits and Other Writings (Wiley Investment Classics) (Hardcover) by Philip A. Fisher. Recommended by Warren Buffet who took $100,000 and grew it to $34 billion! Value Investing with the Masters by Kirk Kazanjian Valuegrowth Investing by Glen Arnold The 5 Keys to Value Investing by J. Dennis Jean-Jacques The Intelligent Investor Rev Ed. (Collins Business Essentials) by Benjamin Graham. Warren Buffet was his student at Columbia. The Money Masters by John Train The Bogleheads' Guide to Investing by Taylor Larimore Common Sense on Mutual Funds: New Imperatives for the Intelligent Investor by John C. Bogle Why Smart People Make Big Money Mistakes And How To Correct Them: Lessons From The New Science Of Behavioral Economics by Gary Belsky Rule #1: The Simple Strategy for Successful Investing in Only 15 Minutes a Week! by Phil Town . See his Web site at (http://www.ruleoneinvestor.com/). Free sign-up. I got the book at the library. Listen. You don't have to spend a lot of money on these books - most can be found at your library and those that your library doesn't have they can usually get from other libraries in your state. Most of these books talk about stock and mutual fund investing, but for a good introduction to other forms of investing Gerald Appel has a great book called Opportunity Investing - How to Profit When Stock Advance, Stocks decline, Inflation Run Rampant, Prices fall, Oil Prices Hit the Roof and Every Time In Between. First, Break All the Rules: What the World's Greatest Managers Do Differently by Marcus Buckingham and Curt Coffman Not a book on investing, but it's a nice segue into the next book. Now, Discover Your Strengths by Marcus Buckingham and Donald O. Clifton Go Put Your Strengths to Work: 6 Powerful Steps to Achieve Outstanding Performance by Marcus Buckingham Finding your strengths is important when investing. These books teach you to build on your strengths, what you a good at. Everyone is good or passionate about something. Why not get better at what you are good at? Another good book is: Opportunity Investing: How To Profit When Stocks Advance, Stocks Decline, Inflation Runs Rampant, Prices Fall, Oil Prices Hit the Roof, ... and Every Time in Between (Hardcover) by Gerald Appel Most mutual funds do not even keep up the the return on the S&P. That's like 99% of them. Vanguard Index funds are a no brainer. A CD is better than a savings account. They range from six months to several years. You cannot touch your money tho until the time limit is up. Check out this Web site on Direct Investment Plans where you can buy shares directly from companies: (http://www.fool.com/School/DRIPs.htm). Usually no fees and you can buy one share at a time. Bonds are probably the safest. But they are not for the young. You might try a bond fund. They might return 5 or 6 percent. At 5% a million would return $50,000 a year - not a bad income. Remember, you have to pay taxes on the $50,000. There are also municipal bonds and the income from them is taxfree especially if you buy them in a state that offers them, but they only pay about 3%, but it's mostly taxfree. Look into Fidelity sector funds. Buy the top three, then in six months look how they are doing and if not so hot, select the next three that are best. Do this for a few years and you will make lots of money. Kindest Personal Regards, Walt Brown Site Build It Certified Webmaster [email protected] P.S. This is a life-long learning process. Reading these books and applying the rules to analyzing stocks that may be good It takes time. Be patient and keep reading and listening. Don't be a sucker and follow someone elses advice. Be your own man or woman. Depend on no one except yourself. You can only get smarter and stronger that way. P.P.S. Internet has lots of good stuff, for example (http://stockcharts.com/school/doku.php?id=chart_school:technical_indicators:moving_average_conve Stockcharts.com is very good and their discussion of MACD is one of the best, barring its originator, Gerald Apple, but now we are getting into Technical Analysis and that is not for beginners. But it is an important factor in finding good stocks that are going up and growing. Remember, tiny acorns grow into mighty oaks.