Lux Investing
i want to invest some money in stocks/bonds what is the best way to get started, what do i need to do?
how much money do i need to start and where do i go to buy them. any information would help
Public Comments
- Thanks to the internet it is very easy to do. So much so that most people lose money at first. Check out a few of the discount brokers such as Scottrade, TD Ameritrade, or E-Trade. I would advise you to educate yourself as much as possible before jumping right in. You can start out with as little as $300 at first w/ Scottrade but a diversified portfolio will likely require $2-3K at least. Good luck.
- In the beginning “newbie” traders and investors DO NOT INVEST THE FIRST cent or dollar. No amount of money. In the beginning you LEARN HOW: A] the stock market works. B] to invest in many, many various ways. C] to properly trade D] many other concepts and aspects. Beginning or novice ['newbies"] investors and traders ALWAYS make mistakes. In fact, throughout a person's avocation or hobby to do trading, he/she will make mistakes. In the very beginning, you READ AND LEARN about the market and how it works: Read "Investing for Dummies" As you are reading and doing research about the investments you are interested in, sometimes you'll come across a financial or investment term you never heard before. You can usually find excellent, easy-to-understand definitions of many financial and investment terms by going to Investopedia’s dictionary. http://investopedia.com is a free site. It’s recognized by Y! A as a "Featured Knowledge Partner". It probably won’t be long when you’ll feel you’re ready to invest your hard-earned money. Before taking that step, you really should do research about what you are investing in. It also has a free, paper trading platform. You can set up a virtual account and almost trade as though you were trading with real money. http://finance.yahoo.com is also recognized by Y! A as a "Featured Knowledge Partner" END E-MAIL #1 The thought processes are: 1] to have more successful trades than failing trades. 2] to minimize the losses of those losing trades. 3] "To live to trade another day." Having enough money in the trading account to return to the market. ALL this is accomplished by a few true expressions used on Wall Street: Some trading expressions come to mind: A] "On Wall Street there aren't any gifts." No one gives anyone else anything - not even stock tips. B] BUlls [BUyers] earn money. BEars [SEllers] earn money. Pigs get fat. Hogs [Greedy Traders] get slaughtered. They lose the money in their trading accounts. C] "Trees don't grow to Heaven. Neither do stocks or any other investments." In other words: What goes up, MUST come down! D] "Plan your trade. THEN trade your plan!" Have a trading plan with rules for that plan for each strategy. I want everyone to know I DO NOT own any portion of this man’s estate, nor am I associated with him or any one else connected with him in any way. I am not part of the publishing company or an agent or anything else. This man does not know me from Adam AND I don’t know him. I know of him and the wonderful book he wrote. THIS IS NOT SPAM. You should buy a copy of this book: “The Richest Man in Babylon” by George S. Classon. You can get the book on http://amazon.com Its very easy to read. Its very easy to follow. You can write in it. You can make notes in it. All you have to do is to read five [5] pages - Let’s count 1 - 2 - 3 - 4 - 5 pages of this book - or any book - each and every day. OR You can leave it sit on the shelf, on a table or on the floor and let it collect dust. Thanks for asking your Q! I enjoyed answering it! VTY, Ron Berue Yes, that is my real last name!
- To answer your question the amount of money to invest is the level you feel comfortable with to start with. Work that amount out and in your heart prepare to lose that money in the event that things don't turn out the way you want to. However you can compress your learning curve by getting a stock trading platform to accurately pick the right stocks for you to invest and to reduce your margin of error. I have decided that a stock trading robot would have to be developed by someone who knows the complex thinking and analysis involved in the stock market. A basic understanding of the stock market would not be sufficient to create a good stock trading robot. This of course basically means that the computer has to get good information to get some decent results. So the individual or individuals who developed a stock trading robot would have to have a good grasp of computer technology as well as a background in the stock market. A good combination would be a computer geek and a stock market expert. So my interest was piqued when I read that there is such a product available to the public. Just like most people who have an interest in making a profit in the stock market I have been looking into this product in some detail and to my surprise it seems to have some promise. It does not have a long history which is one question I have but on the other hand getting the information generated by this stock trading robot is not expensive. The product has only been available since the beginning of 2007. Also, as with many available products, you can try the picks generated by the robot during a trial period. I have decided that of all the products I am considering to supplement my retirement. I have used the stock trading robot Marl as a "tester', which was offered to me by the developers, and it may have some promise. It certainly seems to have a good track record to date. Have you ever wondered how to be successful at picking good stocks to invest in? I think this is worth the investment that I have made. Cheers! Daniel Tay (danieltayhh@gmail.com) Check it out at http://tinyurl.com/2tw8b5
- Hello, I also had a similair problem as you have. I had a good amount of money, and wanted it to grow. So I looked around on the internet to find something that is: 1) giving me great returns towards a relatively small risk 2) Professional people who know what they where doing with my money. I'm glad to say I finally found a moneymanager who is capable of giving me good returns and give me a great support. On this blog you can follow up all the results that he is making: http://my-robottrader.blogspot.com/ My money is working for me, in three months time I already have a ROI of 89%. So you don't hear me complaining! Annyway if you would like to get in touch with my moneymanager to have some more information feel free to contact me you can send an email to me at derrekmay at gmail.com. Then I'll give you the email adress of my moneymanager Hope this has helped you!
