I want to get started in investing and stocks. Where can i go to learn?
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I'm looking to learn about investing and shares and stocks. I'm not even sure if they are different things, but i want to learn about them, and how i can get started.
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Answer:
The term 'Stocks' is what the companies are referred to as that you can buy 'shares' of. It is a very risky business so it is a good idea to practice trading in a virtual stock market game first. This way you can get a bit of experience and learn what you are doing before risking any cash.
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Other answers
School... Be warned, a common misconception is that investing in stocks is essentially a way to get rich. This is pretty much never the case. You should only invest in low-risk stocks, such as Canadian banks, that pay good dividends. Don't go investing in some company with "potential", as this is an easy way to lose your money. Investing in stocks is simply about saving to maintain your finances and current lifestyle, not to improve your financial standing with a significant increase in wealth.
Go to your local library and read all you can about investing. If you want to invest right now, but don't know what to purchase, you see a Financial Adviser who will invest your money for you in your best interests. Buying a stock: Company xyz stock is priced at $20.00 a share. You have $1000.00 that you would like to invest into XYZ. So how many shares do you get? Answer 50 shares. If the price of a share goes up, you make money. If the price of a share goes down, you lose money.
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