Investing

sherpasrock

sherpasrock

Active member
alright. now, i'm perfectly aware that newschoolers is not the place to base any huge decisions off of, but i know a few people on here do invest and i was looking at investing myself.

i was looking at a few places like ameritrade, and e-trade, but are there any advantages to working with a broker vs doing online trading yourself? (especially since i'm not really sure what i'm doing yet). also, are there some websites where i could go to read about it, before just buying stock? if you could just give me some info or ideas that would be great.

thanks.
 
definately not the place to ask, since the average age here is like 16. I wish i could help, but i dont know much about online trading.
 
e advantage of a broker is they are people who know how to play the market, if you have a good one they can make you a boat load of cash. Some of the best things to invest in when your starting out are mutuial funds. Alot of people knock them because the pay off isnt as much but their really good long term investments that are on the safer side of investments. Also locked investments with your bank arnt bad to have either. Their intrest isnt that bad and your moneys nice and safe. The quickest way to make cash is the market but if you dive in feet first chances are your gona get burned. My best sujection is to use realitymarkets.com for a while. Its such a sweet system and it really gives you a idea of how things work
 
Not sure if my advice will be perfect because I'm sure there are some differences between the US system and the way things are in Britain, but I've got a bit of experience so maybe I can help.

1st thing, if you don't know what you're doing don't even think twice about hiring a broker. Sure it's gonna cost you a few $$ but I'm sure you will get a better return in the long run. Another option, that someone else mentioned, is to put your money into a high interest bank account. It's a fail-safe way to get a return but usually you have to commit your money to the bank for a minimum period so you won't be able to touch it for a while (this is how banks can afford to pay you such good interest). Also, you could get a better return if you invest in stocks if you take prudent (although luck is also a factor) decisions.

MSN Money is one of the most useful websites I've come across. It's written for people like you and me to understand and it has an excellent free Portfolio Managed programme so you can follow any stocks you've invested in. http://moneycentral.msn.com I haven't been able to find it on the US version of MSN Money but the UK one has a great virtual trading 'game' that you can use to get some experience in investing without actually committing any of your money.

Hemscott's really useful too. http://www.hemscott.com

Last piece of advice; investing in stocks is risky at the best of times. I'd definitely recommend that you look to make long-term investments instead of trying to make a quick buck by buying and selling the whole time.

Good luck.
 
my grandfather is into the stockmarket big time he does it on the computer all the time, i was takling to him about it and he uses e-trade, and it seems like a good company to work with.
 
You must log in or register to reply here.
Back
Top