Where to learn about stocks?

Where should I go to learn about stocks?

  • I want to learn about stocks. Like what age I have to be to buy them, what I should look for, where should I buy stocks from, all the stuff that people who work with stocks know. I like to read, so anything long will be good. I want to start investing, and what about stock trading software? What is that?

  • Answer:

    You should consult a financial advisor

Ghosty12... at Yahoo! Answers Visit the source

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Investing in "individual" stocks takes a lot of knowledge and practice; so I would not suggest doing this until you understand completely how the stock markets work. Instead visit Vanguard.com and learn about mutual funds, index funds, and exchange-traded-funds (ETFs). Trading funds is less risky than trying to trade "individual" stocks. Unless you plan on spending everyday of your life looking at stock charts trying to determine the best time to get in and out of "individual" stocks, I would look into some sort of fund. Also be very careful about asking for stock tips online. Most are probably worthless or contain unethical motives. Do not fall for any Pump-and-Dump scams. As far as books go, I actually started out with the Investing for Dummies books, and they definitely pushed me in the right direction. To many other books have their own agendas in my opinion. The websites below all contain plenty of FREE information to get you started in the right direction.

Chad

Money Magazine is a good source-I would not necessarily act on their recommendations. Buying individual stocks without alot of knowledge is not good. You are better off with mutual funds as the cost is much lower(fees). Brokers often tell you to buy the stocks that are giving them the highest commission-do not buy a fund via a broker as you can purchase them directly from the mutual fund without broker commissions. -Fidelity, Vangaurd, T Rowe Price, etc. Funds are of varying types: growth, value, small cap, mid cap, balanced,bond, etc. These companies have info on their sites and will send you info on each type of fund. Educate yourself first. I am glad that you are interested in saving money for later-too many young people are spending it all now and they will live to regret it. Being old and poor is no fun. Meanwhile you can keep it in a CD or Money Market Fund to earn interest. Not a bank MM though-the mutual fund MM pay a higher rate. Right now about 5% is the average.Not much but it is safe there. Good luck

Jane T

well i started out reading a book by Jeffrey B Little, its called "understanding wall street" is very illustrative and easy going. check it here http://www.amazon.com/Understanding-Wall-Street-Jeffrey-Little/dp/0071433732/ref=sr_1_3/002-9218734-3630456?ie=UTF8&s=books&qid=1187500515&sr=8-3. Stock markets are of great importance in capitalist economies it has many benefits for investor or for companies, stock markets are called oftenly capital markets because its a market where companies sell capital (stocks, bonds , etc). A "share" is a piece of the company itself, for example the company XYZ its worth $1,000,000, so they didvide into "shares" lets say 1000 shares @ $100. Buying or selling stocks its a simple operation, it can be done via internet or via phone what ever you choose via orders, orders are forms where u specifiy if u want to buy or sell, the price, and if it will be a limit order or a market order, limit orders allows u to buy a stock at a specific price(ex: microsoft is at $23 you want to buy a t 23.15), market orders on the other hands buys a stock full hands on the price market depending on the bid and ask conditions of the market. Markets are like any other market like buying fruits or so. Imagine yourself a truck driver in atlanta who owns 100 shares of the company XYZ, one day he npicks up his phone, calls his broker and decide to sell em at market price placing a market order, meanwhile in NY a web designer decides to buy 100 stocks of XYZ at any price, so he places a market order to buy, via internet, well once they both make thier orders some people at wall street called floor traders negotiate and meet (today this is made via servers in less than 60 seconds), as a result the truck driver gets 100 shares of XYz and the web designer gets the price of those stocks ,simple as that. This said however, you should read more watch CNBC or CNN money which is very illustrative and gain many experience, markets can be a great opportunity to make cash but it requires studying and analisis.

alonso v

You can read a lot of useful information about stock trading at Investopedia.com. And you can practice trading stocks there for free at its Stock Simulator: http://www.investopedia.com/

Nick Z

Take a few finance courses at your local college.

binarywoman

Here are some good sources of info for beginners: 1) Mutual Funds for Dummies, by Eric Tyson. Great for beginners. I give this as a b-day gift to some of my friends. 2) The Five Rules for Successful Stock Investing, by Pat Dorsey. A must-read if you are going to purchase individual stocks. Excellent primer on fundamental analysis. He explains financial reports in a way that beginners can understand. 3) A Random Walk Down Wall Street, by Burton Malkiel. The book that pretty much changed the way academics think about the stock market. After reading this, you will probably not want to buy individual stocks again. 4) My free downloadable book at http://www.invest-for-retireme... . It's not nearly as good as the first three books I mentioned, but for the price, who is gonna complain? I wrote it primarily as an investment manual for my coworkers who are clueless on the subject. But they liked it so much I decided to upload it to a website for anyone who wants. Warning: I can get a little long-winded in some chapters. Eric Tyson's book is a better choice if you are not interested in more complex explanations. 5) The Boglehead's Guide to Investing is an excellent beginner's book. 6) http://www.investopedia.com has some tutorials for beginners. Best all-around investing website I've found. Good luck.

derobake

Visit this website http://www.investools.com As far as on line brokers go I prefer Thinkorswim because they allow you to do options, and everybody that's anybody knows that options are where the real money is.

Barney

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