What steps must I take if I wana start investing in stocks/bonds. How do I get started, I know its challenged.
ME asked:
I’m interested in investing-trade/stocks/bonds. What steps must I take if I wana start investing in stocks/bonds. How do I get started, I know its challenged.
Tell me how can I get started…schools..whatever available…the best…
I’m interested in investing-trade/stocks/bonds. What steps must I take if I wana start investing in stocks/bonds. How do I get started, I know its challenged.
Tell me how can I get started…schools..whatever available…the best…
Do you want to trade yourself or through a broker? If you are going to do it yourself you need to pass the series 7 exam. Pretty tough! The other thing to consider is what are your risk tolerances, your goals and objectives, Do you want income (bonds) or growth (stocks). Get with a financial advisor that does not charge an upfront fee and ask how to get into the business. Trading yourself takes daily monitoring and sound management techniques.
Get Jim Cramers book, Mad Money. read it all the way thru. Watch him on tV. Just start with a little money you don’t mind losing. He is a brilliant man who has made alot of money in stocks and wants to help others do the same.
Here are some useful resources:
BOOKS:
> Security Analysis by Benjamin Graham and David Dodd
> Contrarian Investing: the Next Generation by David Dreman
> The Aggressive Conservative Investor by Marty Whitman
> Buffettology by Mary Buffett
RESEARCH WEBSITES
- Yahoo Finance
- Google Finance
- Morningstar
PRACTICE TRADING/LEARN FROM OTHERS
- Xearn.com
STOCK BROKERS
- E-Trade
- Scott Trade
- Ameritrade
- Schwab
- Fidelity