I was thinking about signing up for an account on Etrade.com but I really don't have any experience in stock market investing. Basically, do you just purchase a certain amount of shares, want for them to go up in value, and then sell? Also, how long does it take you to sell the stock and who buys it? Do you get the amount of money the stock is worth or will people try to offer you a lower price then the market value? Please fill me in on this because I'd really like to learn.
That's pretty much it... I follow this stock list religiously and have done VERY well over the past 5 years. Jubak's Picks Just follow the picks to the 'T' and you will make money.
You've clearly got a lot to learn, Scottrade in my opinion is best (Etrade almost went out of business not too long ago) and yes you buy all the shares you want at the current market price minus a 7 dollar commission, and theres no dealing with third parties, you never know who buys your stock or who sells it to you. Study charts and bide your time and buy on the lows. You can also buy at a fixed price which cost about 5 bucks more, or at Market price which sometimes fluctuates depending on how fast the stock is selling.
Get a broker that would be the easiest way to do it when you are just starting out. Invest in sure things like Gold, Oil, Copper, Silver, all of which will only continue to rise.
Read some manuals and books about stocks, bonds and market. Consult broker to give you additional info and with time, brain and luck of course, you can be big player.
it's nothing but gambling.... you have to be very careful not to lose your money you can also make millions but you can also lose millions quickly
Well you will need a parent or guardian to act as a custodian of your account if you are under a certain age. Most brokerage houses have account minimums though which could act as somewhat of a deterrent. Let me know if you have more questions.
1.) Brokers do not always have your best interests in mind. They are paid commissions based on how often you buy and sell individual stocks. They will simply have you trading (buying and selling) more. This hurts you two ways: 1. tax efficiency - if you hold a stock for under a year, your gain will be taxed at your regular tax rate. if you hold a stock for more than a year, there is pretty favorable tax treatment on capital gains. capital gains is the difference between what your stock is worth now and what you bought it at. if your stock is worth less than what you bought it at, you don't have a capital gain. 2. you're paying commissions every time you buy or sell. i cannot emphasize this enough. brokers make money whether you win or lose, so they will try to get you to trade often. if you are determined to invest in individual stocks, i would recommend reading all that you can find on value and growth investing. Surely you are joking about the last sentence, right? Precious metals are doing well because of the weakening of the dollar. That does not mean that this pattern will continue forever. The real estate crisis that is going on in most parts of the country can all be traced back to the idea that real estate prices will only rise. One sure way to lose money in the stock market is to base your investment choices on past performance. Let me know if you have any other questions.
I use scottrade. If you use referal code SVZP9077 you will get 3 free trades when you sign up. Scottrade is great for the beginner who doesn't have a lot of money to start with. Its just $500 deposit and $7 trades (3 free when you use that code. Zecco you can open your account with as little as $100 and its $4.50 per trade. If you open it with $2500 you will get 10 free trades each month. Decide what kind of trader you want to be. If you want blue chips, penny stocks or a mixture of both etc.. There is a lot of great information out there but you have to decide what kind of trader you want to be to really help you out. www.Videos4Traders.com has 4 free videos great for beginners on some trading ideas etc... Enjoy and have a profitable day.
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