Lux Investing

I want to invest money in stocks, can someone give me good suggestions on where to start ?

Public Comments

1. Buy a very elementary book like "Stocks for Dummies"
2. If you want to invest some money in stocks and earn some more money, I would recommend to go to your bank and talk to financial adviser. Or if your bank does not provide those services for customers, then go to the investment company. They are professionals, they will sit down and talk to you and choose the product, that is right for you. I hope, that info helps:)
3. Watch out for the 'professionals'. Not only can they be refered to as 'professional investers', they can (and some should strictly) be refered to as 'professional salespeople'. The more transactions they do for you, the more money they make. Some are OK, but be VERY careful if you decide to use one. Personally, I don't trust anyone with my investments except for myself. By the dummies book. Read it a few times. Buy a different begginers book - read it a few times. DO NOT start investing with all the money available that you have. There is a steep and possibly expensive learning curve. Theory is one thing, paper trading is anather - but its a COMPLETELY different ball game with your real cash on the line - thats when emotions come it to play - and thats VERY dangerous in the market. A book could be written on the subject... as a matter of fact, there is MANY already written on the subject. The best advice I have? patience.
4. Read books, watch stock programs and update yourself with the latest news. Buy specialized news paper and narrow your choices in a circle of companies that seem profitable. Then act like an investigator and get what ever news you can about those companies. Register yourself with an agency, get advice from them, but make your decisions by yourself. Never get greedy cause this's how people lose thier money.
5. Educate yourself first before you get start. Doing some reading on how to invest in stock. A few books I suggested, One Up On Wall Street by Peter Lynch, and How to Make Money on Stocks by William J. O'neil.
6. There are no fast answers to this question. I would suggest you, first of all to visit the web page : http://stocks101.net/ Now the problem ( but a good one )with that WEB SITE is that there are hundreds of pages, it takes a lot of time to screen many of them. But, there is great reward to learn by yourself and not relying on others. Second, it is ABSOLUTELY FALSE ta say that negotiating in stocks is easy money. Dont believe that. There is no such things as Holy Grail. Quote " from Martin Pring, in his book Technical Analysis Explained, 4th edition... There is no reason why anyone cannot make a substantial amont of money in the financial markets, but there are many reasons why many people will not. As with most endeavors in life, the key to success is knowledge and action. As far as stock market is concerned, one of the most enduring book in that field is : TECHNICAL ANALYSIS OF STOCK TRENDS, 8TH EDITION BY EDWARDS ANd MAGEE.Perhaps not an easy book to read but if you can grasp, by hard working, the essemtial of this booy, you will be plenty rewarded. This book, like many others, is solely based on TECHNICAL ANALYSIS, that is the study of graphs trying to forecast prices in the future. Good luck in your new adventure. michelplafter@videotron.ca
7. Open a brokerage account at ameritrade.com and drop me a line.
8. Try buying some Costco stock; the company is steadily growing and you will earn money on your investment, even though our economy is bad. Be prepared though, stocks do go up and down, buy when the stock is down, don't panic! This company is an excellent investment.
9. Try this site; paper trade for a few months and make your own conclusion
10. These 2 sites are pretty good for learning. The beginner will do best investing in mutual funds.