Lux Investing

I want to start trading stocks and investing in mutual funds?

I am trying to start investing in the stock market and investing in mutual funds but where and how do I buy them?

Public Comments

1. Hi Justin...if you do not know where to get them and how to buy them you have not done enough homework to be ready to invest. You need to read some basic books on investing and then get hooked up with a brokerage. The market is not for beginners to do it alone. Ask you friends or business associates what brokerage they use and then INTERVIEW the broker. She/he has to understand completely what your goals are, both long term and short term. GOOD LUCK
2. A new investor is best going to a broker with great support for "newbies". the two best firms for that are; Charles Schwab Brokerage Fidelity Investments (brokerage) Keep the following in mind; Don't take "tips" from anyone; Friends, relatives, TV or radio gurus, etc. Always have an "exit" plan before you buy anything. Read 3 to 5 books on Mutual Funds and Stock Investing. Start with the "Dummy" series (very good for newbies). Don't gamble. Job #1 is protecting your capital.
3. You can buy them through a broker.
4. I´ve been investing for more than 20 years and trading for almost 14, and I can tell you that if you want to make BIG and FAST profits, I recommend you trading rather than investing, trading can help you to go from rags to rich. If you are investing, you must have already achieved some degree of financial success, long term stock investing and FOREX can help you become much richer than you are today. My experiences as a Nasdaq Market Maker, Head trader of several brokerage firms, and currently as a professional trader and private hedge fund manager, I can suggest you that: We trade because we want quick, short term profits on a consistent basis. We want to cash flow the market. Milk it like a cow. Make consistent, small, short term gains rather than trying to hit a home run on every trade. Don't ever forget that. Don't marry a stock, marry the idea of making money trading stocks. That's the only way to do it. For me "All stocks are equally worthless” I don't hold on to any illusion that the stock market will continue to go up and provide a nice retirement for me. I could care less which way the market goes. It's irrelevant to me if the market goes higher, crashes or moves sideways for the next 50 years. I really could care less. Stocks are just four letters with two prices next to them that I use to make a living trading. Trade ONLY when you have a clear, easy and identifiable advantage, because without a CLEAR EDGE your odds of success are NO better than a flip of a coin… That´s why so many new traders (and investors) lose money. Take a look at any daily chart of any index or stock and you'll probably see the most volatility and the biggest opportunity for profit during the first Hour of the stock market's opening. The popular thinking and conventional wisdom is that you should wait about an hour before you start trading. But if you do, you'll miss the big, fast moves that stocks make as all the amateurs let their emotions out through their online accounts, usually right after they read some news headline or hear Maria Bartiromo go off about a stock on CNBC. It's easy to see why trading the open is the market's prime time for profiting from other online traders. The market's open is very volatile - that is the perfect environment for LARGE, FAST profits. Learn to trade as a professional Market Maker ,not as an emotionally driven amateur trader or investor with few thousand dollars in an account at Etrade. There isn't any other time during the day or any stock you can invest in, that can make you 1, 2, 3, 5, 7 or more points in minutes OTHER than during the first hour the stock market is open. That's why I love trading the open so much. I trade only when I have an edge and that means "only the first hour the market is open". If you are a beginning trader, you can give yourself an unfair advantage in the market trading this way. I can carry on with the advises about how to make money trading, but if you ask me: "What is the best thing you can do for me? I will say: Give yourself a BIG favor and go to this "Top Secret" site and learn how to get the BEST stocks that will make the largest and fastest day trading profits you´ve ever seen... www.onehourtrading.com After you review this site you won´t need system, strategy, book, software or mentor to tell you what to do, you will be able to profit HUGE every day. Good luck and good trading, Jonny
5. dont do it on your own if you have to pay someone for advice i would pay rather than lose money.. Dont use tdameritrade. they will not help you. you will not get no advise from them. I wouldnt invest in the market because I think its a scam but if i would invest i would start off with shwabb or someone who will consult you on what to do.