Lux Investing - I want to invest in stocks.. I saved money for like 2 years.. Where do i start?

I want to invest in stocks.. I saved money for like 2 years.. Where do i start?

After 2 years of saving, I want to venture in the stock market world, where do I start? .. Thanks in advance!

Public Comments

It's best to talk with a financial consultant...just buying stocks is not going to secure your future or any children you may want to ensure they are taken care of....the biggest mistake is buying stocks only..diversify
If you have less than $5,000, it really wouldn't be worth the time or effort, since such a small amount would get eaten up by the per trade charges that range between 3-12 dollars per trade. You are required to pay capital gains on stocks and the IRS expects detailed records with dates bought/sold, price, ect. If you do decide to give it a shot, Scotttrade.com or Etrade.com are both safe, reputable companies to open an account. I don't know if they require a minimum balance in your brokerage account, so best to compare what best suits your needs. Remember, buy the time you read or hear something in the media about the stock, its already to late to jump on the bandwagon. Buy low, sell high. Don't use money you need to feed your kids or pay the rent.
Depends on your knowledge of the market and the risk that you would like to take. If you are interested in investing safely then you should invest in an index fund. If you are looking at choosing individual stocks, I would play my hand in some of the paper stock sites and see how I do. Then after a little while when you feel comfortable, you can put some of your money in the stock market. It is just a matter of how much time you want to be studying the market. Another question you need to ask yourself is if you like to sleep at night or how much sleep you may want at night. If you like to sleep then invest in an index fund. If you are fine with the stress and lack of sleep then invest into individual stocks.
Hard to say with your question. Mutual Funds are a great way to get a diversified mix of the market and many are out there to match your risk tolerance. Mutual Funds dealing with Blue Chips stocks, high growth, dividends, Asia, Japan, Latin America, Emerging Markets etc. Many mutual funds have minimums to start though around $2,500. I will take your question at face value though and dive more into stocks. To invest in stocks in quite easy - you can use services like Zecco.com (Free trades, at least according to commericals), TD Ameritrade, and many others. Many of the organizations will charge big fees if you don't own the stock for 90 days. I believe that one cannot beat the market and professional investers will have information on big deals, moves or mergers long before it gets to the average person. If you want to invest in stocks do some research and most importantly invest in what you know. Plan to hold on to the stocks for a while and don't sell if you had a bad week. Finally, do not put all your money into stocks or in one stock specifically. Diversity and patience are the key.
It helps to know your age, your income, and your tolerance for risk. If you're younger, I can't emphasize strongly enough the value of Ken Heebner's CGMFX Focus Fund. His average returns for the past 10 years dwarf virtually everyone, with 5 star ratings across the board. Put it in and leave it alone and you'll do well. I would wait for a pullback in the market. Many people tend to think we will retest the lows of March 17. I tend to agree. If that happens, it will be a great opportunity. Set up an account with a firm that handles CGMFX. I know Schwab does, and Fidelity doesn't. Open the account now so your money is clear and ready to invest when the opportunity arises.
Zecco. (If you have less than $25,000.00 USD)
Hi, It depends on the type of investing you want to try as there are loads of different areas and specialisms. I have started options trading and I have made a packet. It is a specialist area so I would recommend you do some serious research before starting. Saying that its probably one of the safest. The following site it is packed full of articles, tips, resources and links you can use for all of you’re investing needs. It even has some free technical analysis software you can download and try out with sample data animated demonstrations, step by step tutorials and all the documentation you need to get started. http://www.options-trading-advice.info/
start with opening a de mat ac wit either Reliance Money,icici,sharekhan indiabulls etc etc...... once u do tht u can start investing in online trading.
you need to start by learning about the stock market, and also you need to decide if you want to invest your money for retirement,or to make extra income. You also need to know when you talk with a financial adviser they are paid on commission, usually 5% to 6% of your investment.