FundRobot » Indexed Funds » Need advice investing in stocks?

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Old   #1 (permalink)
 
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Default need advice investing in stocks

Im 18 years old and have decided to invest in to the stock market,but were do I begin?

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Old   #2 (permalink)
 
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Default need advice investing in stocks

Many of the online brokers allow you to set up a phantom portfolio in which you can select some shares and track how that performs. In that way you will see how the stock market changes without actually losing any real money. If you really do want to risk real money, don't initially invest more than you can afford to lose. Putting it into a professionally managed fund should be safer than buying individual shares. Don't be tempted to buy into "penny shares" - you are betting your knowledge and expertise against the professionals and you can guess who is going to be the loser. You can, if lucky, do well with smaller company shares that the professionals pay less attention to, but be prepared to accept losses.
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Old   #3 (permalink)
 
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Default need advice investing in stocks

i recommend that you take a course either at you local college or online before you make any investments. good luck
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Old   #4 (permalink)
 
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Default need advice investing in stocks

Hi, firstly I would like to say don't go for binary options (it's not investment, it's gambling). I would advice that you check out FSP, just type fSP invest on google, read some of their articles, understand the different types of trading, then decide which would suit your needs, read up on great investors, and keep in mind that you can do all things if you set your mind to it.
You have chosen the best age to invest. All the best.
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Old   #5 (permalink)
 
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Default need advice investing in stocks

When you get a permanent job, invest 20% of you salary in an index mutual fund until you get enough money to work with, ($25000)
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Old   #6 (permalink)
 
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Default need advice investing in stocks

Invest long term, but some low-risk stocks and let it be.

Use that time to learn more about investing, otherwise you will lose a lot of money.
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Old   #7 (permalink)
 
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Default need advice investing in stocks

You begin at your local library. They will have a section on investing.
Look for books By Jim Cramer or The Motley Fool Brothers of investing for dummies or something like that.
You need to determine what you are investing for - long term or short term goals - a car, an education, a house, retirement?
Learn about Mutual Funds and Exchange Traded Funds (ETFs) they will help you diversify your investment with just a single purchase. By buying an S&P 500 mutual fund you can own all the stocks in the index with just a single small investment.
Decide what type of account you want to open - a retirement account like a Roth IRA or a regular old taxable brokerage account.
Decide where you are going to open an account - look at discount brokers like Fidelity, Vanguard, TradeKing, or Scottrade. Compare the fees at these brokers and see what is going to fit your investment style (monthly contributions, lump sum deposits here and there?)
Try watching TV shows like Jim Cramer's Mad Money on CNBC or the Nightly Business Report on PBS.
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