Ok, i know nothing about finance( i am actually a physiotherapy student) , but i know that the only way to be rich is investingbuying assets.
I want to start some investment and buy some stock online, so where can you start from? where can you get the information froms? Do i need to hire a stockbroker? How much starting money do you need to start? ( i am not very rich or i wouldnt be here :P)
some expereinced stockbroker ’s answer would be great to give me some hint and ideas how to start
THANKS ~~ Much appreciated your help
MINH
Comments
Since you are new to this - I would advise you invest in growth mutual funds and not try and buy individual stocks. Check out sites, like Ameritrade or E-Trade where you can have funds invested into any number of good funds. Check ot the Morningstar rating for funds and stick with the 4 or 5 start ratings.
The best way to start learning is to go to the library and read all the books on investing formulating your strategy then back testing your learned theories to see how they perform. Once satisfied go for it.
Here is an interesting simple little system how a beginner can have an advantage in the stock market, that could make you very successful:
Now if you want to make money right now just do the opposite of what you would for a stock that looks good to you and you should be successful by shorting the stocks that look good to you by selling them first and buying it back later at a lower price for a profit. Use a protective stop above your shorting price to take a loss of 20% and take a profit by buying back the shares at a profit of 10% below your shorting price and you should do just fine. Find a broker with the lowest possible commission to do this suggesting finding one with a zero commission charge. If you loose on a trade double your investment on your next trade. Divide your investment capital among eight different unrelated industries.
Since you’re new you could either try mutual funds rather than buying individual stocks yourself or open an account with a brokerage that offers advice, the commissions are higher of course. But they offer advice.
I’d say you need to get educated first, then try out your hand playing some imaginary stocks, then the real thing. Technical and fundamental analysis will all be part of what you must learn, I guess.
You can learn about stocks and investment from this site, and this is the section in particular:
You can buy stocks online, or you can buy stocks through a broker.
You will need just some starting capital to invest with.
You can check up the various markets and then try investment yourself, or you can try mutual funds or index funds. Look at these resources to get some ideas:
Good luck and all the best!
