Stocks ???

[Hopedale Hustler]

Ok I see yall on here talking about stocks a good bit. Im curious. But I have no idea where to start or hoq to start. A friend told me to download e trade on my phone and I can get started from there. Is this a good idea?


Also I have no clue what to start with or how much ro start with. Should I start with penny stocks? Or should buy something worth a little more? Or should I maybe just throw this idea in the can and buy more ammo??? Ive been trying to follow some stocks but for my simple minded self its like reading Japanese...Help please.


Btw im thinking about starting out with 1000 dollars just to get my feet wet. If it were you where would you start?

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[Armand16]

Penny stocks are considered risky.

First I would start with maxing out the matching portion of your 401k. Aside from that, research the companies you are interested in and try to guess when you think they will rise in the market. If you prefer a buy and hold strategy and are interested in long term savings (3+ years), look into mutual funds. You can buy thousands of stocks, bonds and treasuries and only pay an up front fee as opposed to buying them individually and paying a trade fee for each security.

[southLA]

Originally Posted by Hopedale Hustler

Ok I see yall on here talking about stocks a good bit. Im curious. But I have no idea where to start or hoq to start. A friend told me to download e trade on my phone and I can get started from there. Is this a good idea?


Also I have no clue what to start with or how much ro start with. Should I start with penny stocks? Or should buy something worth a little more? Or should I maybe just throw this idea in the can and buy more ammo??? Ive been trying to follow some stocks but for my simple minded self its like reading Japanese...Help please.


Btw im thinking about starting out with 1000 dollars just to get my feet wet. If it were you where would you start?

Sent from my SCH-I605 using Tapatalk 2

Don't start with penny stocks!!

If I were you, to start, I'd look into a low cost index fund like the Vanguard Total Stock Market. Buys the equivalent of the whole US stock market. Instant diversification. That or a S&P 500 index funds.


Read A random walk down wall street. great book

[mikedatiger]

Originally Posted by southLA

Don't start with penny stocks!!

If I were you, to start, I'd look into a low cost index fund like the Vanguard Total Stock Market. Buys the equivalent of the whole US stock market. Instant diversification. That or a S&P 500 index funds.


Read A random walk down wall street. great book

X1000's

only W is good enough to beat the market on a long-term basis. Buy a good index fund and call it a day.

[VIRTUOSO]

LNG, FTK, CHK, AIG (yes, them), CVX, CQP, XOM, IOC

[Hopedale Hustler]

Originally Posted by southLA

Don't start with penny stocks!!

If I were you, to start, I'd look into a low cost index fund like the Vanguard Total Stock Market. Buys the equivalent of the whole US stock market. Instant diversification. That or a S&P 500 index funds.


Read A random walk down wall street. great book

This sounds like a good route for me but I 100% do not understand it.

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[southLA]

Yes, or blue chip dividend paying stocks.

I like CVX, PM, KO right now for long term investing.

http://www.bogleheads.org/wiki/Main_Page Good site.

[Hopedale Hustler]

And honestly I dont know about long term right now....maybe in the future. I was really just hoping to get my feet wet with something I can pkay with day to day. Just not sure how or where to start doing that.

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[Bdv2642]

Start with companies that you know. Watch them in relation to the broader markets and watch them in relation to their 52 week highs and lows. Buy low sell high. It doesnt have to be more complicated than that. With all that being said, if you are looking for a quick dollar (which it sounds like you are) don't play the stock market. You have to devote lots of time watching the market and individual companies. If you really want to "day trade" start with one company that you know and watch for about 6 months to a year. Get an idea of what a "good price " for that company is for our current economic situation. Once again buy low sell high. Hopes this helps.

[Hopedale Hustler]

Originally Posted by Bdv2642

Start with companies that you know. Watch them in relation to the broader markets and watch them in relation to their 52 week highs and lows. Buy low sell high. It doesnt have to be more complicated than that. With all that being said, if you are looking for a quick dollar (which it sounds like you are) don't play the stock market. You have to devote lots of time watching the market and individual companies. If you really want to "day trade" start with one company that you know and watch for about 6 months to a year. Get an idea of what a "good price " for that company is for our current economic situation. Once again buy low sell high. Hopes this helps.

Not really looking for a quick buck lol...I guess im just the kind of person that wpuld like to see it wprk out positive for me first before I get into longterm investing....I already have invested in silver and thats kind of a long term investment for me one that I hope will always be getting better.

Buy low sell hogh seems like a pretty straight forward method. I think my issue is more or less learning how to actually do all of this myself. Once I get that down I think ill understand better.


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[southLA]

Just remember the power of compound interest. The sooner you put more money in, the better.

[Bdv2642]

Well I use Scottrade. It cost $7 per trade. So a buy and a sell is $14. They have a trade tab and you select buy or sell and type in the ticker and the number of shares you want to trade. Any of the online brokers will basically function in this manner.

[Goooh]

Originally Posted by Hopedale Hustler

And honestly I dont know about long term right now....maybe in the future. I was really just hoping to get my feet wet with something I can pkay with day to day. Just not sure how or where to start doing that.

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They have apps that allow you to research and trade real time, but with fake money. It's practice that doesn't cost you anything

[Sightwindow]

Others may blast me but so be it. Use someone who does this for a living. It's only your money at stake. Follow what he/she is doing , learn along the way and after a while if you're feeling froggy, try it yourself.

Don't think reading a few books is going to substitute for talent and experience.

And another thing, stocks are like gambling. Everybody you talk to has lost more and made less than what they're going to tell you. Doesn't mean they're bad people, just means they're human.

[meaux fishing]

Originally Posted by Sightwindow

Others may blast me but so be it. Use someone who does this for a living. It's only your money at stake. Follow what he/she is doing , learn along the way and after a while if you're feeling froggy, try it yourself.

Don't think reading a few books is going to substitute for talent and experience.

And another thing, stocks are like gambling. Everybody you talk to has lost more and made less than what they're going to tell you EXCEPT " W " Doesn't mean they're bad people, just means they're human.

Fixed it

[skeeter10]

Originally Posted by Bdv2642

Well I use Scottrade. It cost $7 per trade. So a buy and a sell is $14. They have a trade tab and you select buy or sell and type in the ticker and the number of shares you want to trade. Any of the online brokers will basically function in this manner.

X2 on this. I use Scottrade as well and have been very pleased.

I set up a direct contribution every month out of my bank account and accrue money in my Scottrade bank account (similar to savings acct). Then when I see a stock I like I buy it.

52 week high/low is a good factor to look at as well as PE ratio and make sure to look at dividends. Are they issued quarterly, semi-annually, or annually? This is money paid per share they are giving you just for owning the stock (ie Apple's dividend is $3.05/share quarterly which means $12.20 a year for owning 1 share)

investopedia.com does a good job of breaking this down for you and I also like seekingalpha.com as a good resource for stock trading tips. Sorry for being long-winded but I love this stuff. If you need any more help then let me know. Good luck!

[eman]

What is the opinion of principal protected investing?

[Bdv2642]

sounds great in theory but the whole risk vs. reward thing comes to my mind when I hear that. I'd be willing to bet that someone is selling this investment. You will never get something for nothing when it comes to investments. If someone is guaranteeing your principal back it is probably not a risky investment however I would imagine the upside would be limited. and once again always look at the fees associated with any investment. Mutual funds typically charge around 1.5% whereas ETF's are typically significantly lower, around .5%. doesnt sound like a lot but it adds up, especially if you are losing money and your broker is still getting paid. sorry for the long response I too love this stuff

[southLA]

Originally Posted by Bdv2642

Mutual funds typically charge around 1.5% whereas ETF's are typically significantly lower, around .5%. doesnt sound like a lot but it adds up, especially if you are losing money and your broker is still getting paid. sorry for the long response I too love this stuff

The beauty of index funds. Less than 0.1 percent in some cases

[Bdv2642]

Originally Posted by Sightwindow

Others may blast me but so be it. Use someone who does this for a living.

Don't have an issue with this advice just look for a fee only broker. Otherwise the advice WILL be cloudy (comission oriented).