I want to start investing..... school a rookie!

memphisboi55 · Nov 30, 2008

please break it down for me in lame-man terms.

as if im a ****** if you must say.

Told myself im going to start investing in 09'.

Stocks
cds
index

etc.....

break it down NT style.

looking to start small and watch it rise..

Dirty.....my fellow mod, where you at?

tmukg21 · Nov 30, 2008

*waiting on info*

Got a Scott trade just need to get it going

Also: how to pick stocks,sectors etc

zerogravity23 · Nov 30, 2008

break it down NT style.

you asked for it.

Spoiler [+]

wraith aka invincible · Nov 30, 2008

im hearing that this is feasible http://www.savingsbonds.g...ccount_treasurydirect.htm

shatterkneesinc · Nov 30, 2008

importking · Nov 30, 2008

dont take any advice from some nt'ers.

go to barnes and read

doublejs07 · Nov 30, 2008

please break it down for me in lame-man terms.

carminepower · Nov 30, 2008

invest in the housing market. it can only go up from now on

seventh letter · Nov 30, 2008

Originally Posted by ZeroGravity23

break it down NT style.

Click to expand...

you asked for it.

Spoiler [+]

Corny

memphisboi55 · Nov 30, 2008

Originally Posted by IMPORTKING

dont take any advice from some nt'ers.

go to barnes and read

I can do all the reading i want , but all sounds complicated and confusing.

Plus figured ill ask here, im sure there are some investors here.

lazyj10 · Nov 30, 2008

fool.com

How much do you have to invest?

$100, $1000, etc?

Lower amounts of money, look at funds.

Have you started to figure out retirement options, IE 401k / IRA?

Individual stocks require more capital in my opinion, but that's just me.

Read books by Graham

dlsilva21 · Nov 30, 2008

Originally Posted by CarminePOWER

invest in the housing market. it can only go up from now on

Decent outlook. With the market how it is now, you can make a lot of money from people leaving. Say... buying GM when its 2.81 and throwingeverything in there to see it go up to 5.24 Friday.

A lot of it is just doing a lot of research

. I never really rush intothings and it's been beneficial so far.

bruce negro · Nov 30, 2008

i would say make a stock portfolio in yahoo finances first just to see how much money you would lose or make before you even actually invest. And just checkthe stock market everyday to get a feel. However, right now may not be the time to invest

tmukg21 · Nov 30, 2008

Originally Posted by LazyJ10

fool.com

How much do you have to invest?

$100, $1000, etc?

Lower amounts of money, look at funds.

Have you started to figure out retirement options, IE 401k / IRA?

Individual stocks require more capital in my opinion, but that's just me.

Read books by Graham

first name on Graham

?

wraith aka invincible · Nov 30, 2008

im also hearing this is feasable Invest in the S&P 500 index fund. Easy as pie to do and you don't even have to go through a broker.

cjmoney · Nov 30, 2008

Originally Posted by tmukg21

Originally Posted by LazyJ10

fool.com

How much do you have to invest?

$100, $1000, etc?

Lower amounts of money, look at funds.

Have you started to figure out retirement options, IE 401k / IRA?

Individual stocks require more capital in my opinion, but that's just me.

Read books by Graham

Click to expand...

first name on Graham

?

Probably Benjamin (Warren Buffett's teacher)

memphisboi55 · Nov 30, 2008

^

2.81, so if i want to invest into GM..... i just pay 2.81 x how ever many shares i want? like i only want one share, i just pay 2.81?

and do i have to go see a stock broker or what?

where do i go to say... i have money and i want to invest in "blah blah" here is my money.

wawaweewa · Nov 30, 2008

Originally Posted by CarminePOWER

invest in the housing market. it can only go up from now on

I wouldn't be so sure.......yet.

As for investing, just read as much as you can. The best, by far, reading you can do is that on the history of markets(of all types).
Invest based on how things do work. Not how they should work.
When it comes to news, read between the lines. Politics and markets aren't strange bedfellows. They actually have a longstanding relationship throughouthistory.
Go with your gut feeling.

For the past few months everybody in the market has basically been looking to make money day to day. Very few know what the hell is really going on so mostare acting like day traders because it's just safer at present.

...and CNBC is not your friend. They're there to do a job and it's not to provide 'news'.

shatterkneesinc · Nov 30, 2008

Originally Posted by memphisboi55

^

2.81, so if i want to invest into GM..... i just pay 2.81 x how ever many shares i want? like i only want one share, i just pay 2.81?

and do i have to go see a stock broker or what?

where do i go to say... i have money and i want to invest in "blah blah" here is my money.

open a brokerage account

etrade
scottrade
ameritrade
zecco
fidelity
C. schwab
ect...

the price is basically the ( share price X the number of shares ) + commision fee

you have to pay a commision fee per transaction

memphisboi55 · Nov 30, 2008

^

who would you recommend from that list?

nikeflightposite · Nov 30, 2008

Quick question: Which kind of stocks do not require you to report them on your taxes annually, at least not until you decide to sell them off??

Thanks

dlsilva21 · Nov 30, 2008

Originally Posted by memphisboi55

^

2.81, so if i want to invest into GM..... i just pay 2.81 x how ever many shares i want? like i only want one share, i just pay 2.81?

and do i have to go see a stock broker or what?

where do i go to say... i have money and i want to invest in "blah blah" here is my money.

Here's the process broken down:

1. www.etrade.com
2. Open account
3. transfer money (wait 3-5 for funds to transfer)
*must wait 7 days for stocks who's shares are less that $10*
*Do research using the pdf's to the right of any of the corps you search*
4. Search a stock you want to purchase. (ex. GM)
5. Click buy
*Assume I have $600 in my brokerage account (money I transferred)*
6. $600 - 12.99 (commissions per trade) = $587.01 / 5.24 (amount per share) = 112 shares you can buy.

This is all for buying long. Meaning, you intend for it to rise. A few years down the road, you can do what's called selling short, where you sell what youdon't have... I'll answer that later if you have questions but there's the general gist of it.

*e-trade is your brokerage, so you don't have to any literal person to talk to but there are branches if you have questions that you can walk into orcall.*

(they're nice)

wawaweewa · Nov 30, 2008

Originally Posted by memphisboi55

^

who would you recommend from that list?

Look for the lowest commission fee. I;m guessing you're not going to risk tons of money at first so you don't want a comm fee to eat wayat your earnings (or add to your losses). I'd also recommend looking at sogotrade.

Don't worry too much about fancy charts and graphs (although it's good if you learn to interpret them) for now (or ever I'd argue

).

memphisboi55 · Nov 30, 2008

Originally Posted by dlsilva21

Originally Posted by memphisboi55

^

2.81, so if i want to invest into GM..... i just pay 2.81 x how ever many shares i want? like i only want one share, i just pay 2.81?

and do i have to go see a stock broker or what?

where do i go to say... i have money and i want to invest in "blah blah" here is my money.

Click to expand...

Here's the process broken down:

1. www.etrade.com
2. Open account
3. transfer money (wait 3-5 for funds to transfer)
*must wait 7 days for stocks who's shares are less that $10*
*Do research using the pdf's to the right of any of the corps you search*
4. Search a stock you want to purchase. (ex. GM)
5. Click buy
*Assume I have $600 in my brokerage account (money I transferred)*
6. $600 - 12.99 (commissions per trade) = $587.01 / 5.24 (amount per share) = 112 shares you can buy.

This is all for buying long. Meaning, you intend for it to rise. A few years down the road, you can do what's called selling short, where you sell what you don't have... I'll answer that later if you have questions but there's the general gist of it.

*e-trade is your brokerage, so you don't have to any literal person to talk to but there are branches if you have questions that you can walk into or call.*

(they're nice)

shatterkneesinc · Nov 30, 2008

Originally Posted by memphisboi55

^

who would you recommend from that list?

It depends on how you invest. If you are agressive and trade very often, they will cut you a deal for a cheaper commission fee. Also depends how much you areputting into their accounts.
But you also have to understand the rules about trading. You need atleast 25k in your account to day trade all you want.
But don't let the commission discount get into your head. I got burned once because I wanted to keep the low commission fare so I did a bunch of dumbtrades to satisfy the quota and end up losing a lot of money. I havent invest ever since