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Started By
Message
Just getting into the market, tips?
Posted on 8/18/11 at 2:38 pm
Posted on 8/18/11 at 2:38 pm
First of all what is the best website to open up an account? Just opening an account to learn how to trade and watch things progress, only investing a couple hundred..I know a horrible time, but I know some stocks are at a clearance right and could even be cheaper at the end of the week. Looking to buy a 6-15 dollar stock that will provide short term gains, any tips?
Thanks
Thanks
7
Posted on 8/18/11 at 2:42 pm to AllEyesOnThree
Buy low, sell high 
This post was edited on 8/18/11 at 2:43 pm
Posted on 8/18/11 at 2:46 pm to Bard
Posted on 8/18/11 at 2:52 pm to AllEyesOnThree
Schwab, Scottrade, TDAmeritrade... go with one that will give you some free trades.
You don't have much to invest so I'll give you some names that are "hot" right now, up to you to do your homework on which you like.. and don't buy because I said they were good. The market is in correction, so as a general rule that's not a good time to "catch a falling knife". You may only have the funds to get into one stock or else the fees will eat you alive.
LULU
Aapl
ARCO
DLTR
You don't have much to invest so I'll give you some names that are "hot" right now, up to you to do your homework on which you like.. and don't buy because I said they were good. The market is in correction, so as a general rule that's not a good time to "catch a falling knife". You may only have the funds to get into one stock or else the fees will eat you alive.
LULU
Aapl
ARCO
DLTR
Posted on 8/18/11 at 2:54 pm to AllEyesOnThree
quote:
Looking to buy a 6-15 dollar stock that will provide short term gains, any tips?
Maybe keep a keen eye on GE as the market continues the downward trend and hope you buy in at correct time.
Posted on 8/18/11 at 8:14 pm to Chad504boy
quote:
hope you buy in at correct time.
DCA in and set discrete goals.
Posted on 8/18/11 at 9:19 pm to AllEyesOnThree
quote:
only investing a couple hundred
have you looked into share builder, you can accumulate shares slowly for $4/trade (and fractional, I believe) I'm pretty sure they rape you when going to sell though.
May be an option if your not looking to invest a lot right now.
Posted on 8/18/11 at 9:22 pm to AllEyesOnThree
quote:
any tips?
Get the frick back out.
Posted on 8/19/11 at 5:24 pm to AllEyesOnThree
The average individual investor should just open an account with any of the major firms (it doesn't really matter that much) and set up an automatic paycheck deposit. Set it up to automatically invest in an index fund or two. Then forget about it.
The idea is to put it on automatic and forget about it. You will be stunned later when you look back and realize how much you have when you aren't fretting about it all the time.
The idea is to put it on automatic and forget about it. You will be stunned later when you look back and realize how much you have when you aren't fretting about it all the time.
Posted on 8/19/11 at 5:27 pm to foshizzle
quote:
The average individual investor should just open an account with any of the major firms (it doesn't really matter that much) and set up an automatic paycheck deposit. Set it up to automatically invest in an index fund or two. Then forget about it.
The idea is to put it on automatic and forget about it. You will be stunned later when you look back and realize how much you have when you aren't fretting about it all the time.
Agreed, except change index fund to target retirement date fund.
Posted on 8/19/11 at 5:48 pm to Bard
quote:Sucks in shorts though
Buy low, sell high
Posted on 8/19/11 at 5:57 pm to TheHiddenFlask
quote:
Agreed, except change index fund to target retirement date fund.
That works as well.
Posted on 8/20/11 at 1:13 pm to AllEyesOnThree
The best tip I can give you is to get out.
Posted on 8/20/11 at 4:14 pm to TheHiddenFlask
quote:
Agreed, except change index fund to target retirement date fund.
Why? The expense ratio is much much higher.
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