Lux Investing

How can I learn how to Buy and Trade Stocks? Just for personal gain.?

I want to learn how to buy and trade stocks. I also want to learn about 401k and IRA's. I would like to invest some money and teach my children how to make your money work for you. Are there any websites I can go to that may have tutorials.

Public Comments

1. I would buy a few books to start with: The intelligent investor (graham and Dodd) Please read more than once One up on Wall Street (Peter Lynch) Please read more than once Rich dad, poor dad (Robert Kiyosaki) Contrarian investment strategies (David Dreman) These books are a good foundation for a non-professional investor. I would stay away from websites and so forth in the first year because some are promotional sites for certain investment styles that may not fit in your overall situation. Eboudames
2. A good starting point is the ASX website. www.asx.com.au. The website will explain how the stockmarket functions and how you can basically invest in different financial products (eg, stocks). Next step would be to find a good broker. Most people go for ComSec or E-trade, however, do your research and you will find that there are much cheaper brokers out there. However, I stress to do your research, as each broker offers a different level of service, different level of resources available to you. If you do not know how to research for good investment opportunities, I would steer clear from online brokers and go for a full service broker that will recommend investment opportunities, however also at a higher price. Good resource to find more information about these sorts of things is to buy financial magazines. They usually go in depth from issue to issue about how to invest. Just make sure you pick Australian ones, as they will weigh up, for example, different online brokers available. There is much more to it, but this is a starting point. Hope this is of assistance. Regards, Alexander Katyk
3. I think the best way to learn about the stock market is to first see what the best investors are buying and selling and why. You can find this information at http://www.top10traders.com - this is a free site that lets you create a portfolio of stocks with $100,000 in "play" money. Each day the site ranks the best performing portfolios, so you can see how your picks perform compared to other investors. You can read posts on investing from the best traders, as well as share your own investing ideas. There is a charting feature, so you can see how your portfolio performs compared to the S&P 500. Also, you can create your own "group" so that you can see how you are doing compared to your friends. Here are this month's best traders: http://www.top10traders.com/Top10Standings.aspx Good luck.
4. www.investing.rutgers.edu/inde x.htm www.suite101.com/course.cfm/16 607/seminar www.investorsguide.com. (no spaces, this site just does not like long urls)
5. I would suggest you to check the website http://money-review-site.com/shares.html to learn more on shares and stock trading and how to select the best stocks. Hope it helps http://money-review-site.com/shares.html