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Newbie investing in individual stocks
Posted on 2/12/13 at 5:21 pm
Posted on 2/12/13 at 5:21 pm
I'm looking to start investing in individual stocks. Someone please break this down to me like I'm 10 years old. A few specific questions too, naturally:
What is the best online site (i.e., E-trade, etc.) to use to purchase shares of individual stocks?
What is a reasonable fee to incur for stock purchases?
Do you recommend using a live broker or are online sites simplistic enough for a first-time stock purchaser?
Really any general advice from the MB is appreciated.
What is the best online site (i.e., E-trade, etc.) to use to purchase shares of individual stocks?
What is a reasonable fee to incur for stock purchases?
Do you recommend using a live broker or are online sites simplistic enough for a first-time stock purchaser?
Really any general advice from the MB is appreciated.
8
Posted on 2/12/13 at 6:08 pm to Jwodie
Posted on 2/12/13 at 6:13 pm to Jwodie
Online sites are plenty simple enough to buy and sell individual stocks, but you'd be much better off doing some reading about the market and deciding against investing in individual stocks.(recommend a book like "a random walk down wall street")
Posted on 2/12/13 at 6:42 pm to Jwodie
quote:
I'm looking to start investing in individual stocks.
Don't. Buy shares in a retirement index fund and read up.
Posted on 2/12/13 at 6:46 pm to Jwodie
(no message)
This post was edited on 2/15/13 at 9:30 am
Posted on 2/12/13 at 6:48 pm to Jwodie
quote:
Individual stocks
quote:
Newbie
Don't go together. It takes a lot of time to be able to invest into stocks. Look at mutual funds.
Posted on 2/12/13 at 9:44 pm to Jwodie
I am in identical shoes with you. One year out of college, with only 401k and savings holding all of my earnings outside of expenses. I will be paying attention to your threads
//Edited to correct myself.
//Edited to correct myself.
This post was edited on 2/13/13 at 8:11 am
Posted on 2/13/13 at 6:45 am to Jwodie
If you're not going to day trade and want a hands-off investing experience, do not invest in individual stocks. ETFs are doing well, and I would also look to European equities for returns, if possible.
Posted on 2/13/13 at 3:32 pm to Jwodie
Chaos theory investing has always worked for me.
Liquidate your 401(k) and invest all cash (no less than 75% of life savings) into financial derivatives such as credit default swaps on Goldman Sachs and out of the money Zynga Call options. Shorting Pfizer is advised to make big bucks too. Merrill Edge is the best online trading platform btw. The more expensive the transaction the better the platform.
Liquidate your 401(k) and invest all cash (no less than 75% of life savings) into financial derivatives such as credit default swaps on Goldman Sachs and out of the money Zynga Call options. Shorting Pfizer is advised to make big bucks too. Merrill Edge is the best online trading platform btw. The more expensive the transaction the better the platform.
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