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Started By
Message
Buying stock for the first time
Posted on 1/25/19 at 5:56 pm
Posted on 1/25/19 at 5:56 pm
I want to purchase some stock and I have never done this before. I have thought about it for awhile. Any tips would be appreciated. Amazon and net flix is the two I'm thinking about buying.
Posted on 1/25/19 at 7:17 pm to Tiger2712
Download the Robinhood app. It’s super easy.
I just started as well.
I just started as well.
This post was edited on 1/25/19 at 7:18 pm
Posted on 1/25/19 at 9:09 pm to Tiger2712
Diversify. Watch your fees. ETFs and mutual funds are probably your best bets. Set it and forget it.
Posted on 1/25/19 at 9:51 pm to Tiger2712
Get Robinhood app. I’ll send you a link and we both can get a free stock
Posted on 1/26/19 at 6:20 am to Dupont3
Buy companies that you do business with , that treat you well , and seem to do a good job.
Buy companies that are diversified . I am a fan of Ecolab. You name, they are in it . Hotels, restaurants, industrial water , refineries , oil and gas, wind , solar, pest control , life sciences , etc.
Eh, my $0.02. Good luck!
Buy companies that are diversified . I am a fan of Ecolab. You name, they are in it . Hotels, restaurants, industrial water , refineries , oil and gas, wind , solar, pest control , life sciences , etc.
Eh, my $0.02. Good luck!
Posted on 1/26/19 at 8:23 am to Tiger2712
good luck. robinhood is a good place to start. I'd watch and research a lot before making thst first leap. pick a time horizon and investment strategy before you buy
Posted on 1/26/19 at 11:26 am to Tiger2712
I like buying individual stocks.
Just visit the different brokerage sites and pick the one you like. Most have educational tools you may find interesting and almost all of them will let you atumatically deposit funds on a monthly basis.
Just visit the different brokerage sites and pick the one you like. Most have educational tools you may find interesting and almost all of them will let you atumatically deposit funds on a monthly basis.
Posted on 1/26/19 at 3:57 pm to Tiger2712
I agree with those suggesting the Robinhood app. 100% free trades. The only drawback I’ve found with it is that many stocks, mainly OTC’s aren’t available.
I’m a newb, too, so I wouldn’t be qualified to give you much advice. I was sure to do thorough research before buying. Look at multiple sources on any stock you’re considering before pulling the trigger.
I’m a newb, too, so I wouldn’t be qualified to give you much advice. I was sure to do thorough research before buying. Look at multiple sources on any stock you’re considering before pulling the trigger.
Posted on 1/26/19 at 4:22 pm to High C
I know buying individual stocks is much more fun, but for someone just starting out, I’d recommend some well balanced mutual funds/ETFs. It’s much easier to lose money on one or two stocks, trust me I have learned the hard way.
Posted on 1/26/19 at 5:10 pm to saderade
Oh, I’ve been in mutual funds for over twenty years, and I agree with your assessment. I’m not throwing big money at anything right now, just feeling my way.
Posted on 1/26/19 at 6:03 pm to High C
No reason to be trading OTC stocks ever, much less starting out, trust me I learned the hard way back in college. So maybe he should look at Robinhood
Posted on 1/26/19 at 10:41 pm to thatguy777
quote:
No reason to be trading OTC stocks ever, much less starting out, trust me I learned the hard way back in college. So maybe he should look at Robinhood
Or, you know, have some higher risk stuff and some lower risk stuff.
Posted on 1/27/19 at 7:28 am to Jcorye1
Your reply doesn't really address his post.
He's right, Robinhood has all the stocks that a newbie would need and it's free.
He's right, Robinhood has all the stocks that a newbie would need and it's free.
Posted on 1/27/19 at 10:16 am to Jcorye1
It's possible to have higher risk stuff that isn't OTC, just saying.
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