How To Get Started In The Stock Market?

June 26th, 2009 | by Frenday |

What’s a reliable yet inexpensive online stock exchange company? I was thinking about e-trade or schwab. How much do you need to open an account and whats that money for? And how easy are these sites to navigate? Is it point, click, buy/sell?

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  1. 6 Responses to “How To Get Started In The Stock Market?”

  2. By john carlo on Jun 26, 2009 | Reply

    Start by educating yourself. At this juncture you don’t need individual stocks. Forget penny stocks. Go for the gold. Try the Vanguard website: http://www.vanguard.com Look at planning and education; a good beginners course. Another good source: The Bogleheads’ Guide to Investing: Taylor Larimore, Mel Lindauer, Michael LeBoeuf, John C. Bogle for the beginning investor.
    Spread your risk by investing in a good, low cost, no load mutual fund thereby spreading your risk across scores of stocks. If one loses for a short term, chances are the other hundred will help you along. Even better, look at their STAR fund. It is spread 65% in stocks and 35% in bonds through holdings in other Vanguard Funds diluting your risk further.
    If you are making the sensible step of moving you money out of your bank good for you! Now put it to work and let it grow. Educate yourself and sometime in the future maybe you will want to invest in individual stocks.
    I’ve made a fortune over the past 35 years in mutual funds and also in stocks. But I have the time and money and education to invest in stocks.
    Slowly and surely you will get there too.

  3. By Stanley on Jun 26, 2009 | Reply

    you can open an online brokerage account with as little as $500. the money is your money, you use it to buy stocks, but the brokerage charges a fee every time you buy or sell, so if you plan on trading alot, you want to choose one with a small transaction fee. most few i’ve used are pretty simple to navigate, pretty much like finance.yahoo.com, but with a link to buy/sell. (word of warning: i can often be too easy, so make sure you know what you’re doing first or you might lose lots of money on accident ;) )
    if you’re not comfortable with stock market concepts, try to get a practice account on a site like: http://www.stocktrak.com/ (there are some on facebook too)

  4. By The Chosen One on Jun 26, 2009 | Reply

    The best online brokerage acct. by far is zecco, but i advise you to do the research yourself to confirm this first! they are the only ones that have free stock trading {with 2500 minumum acct balance, or 4.50 if less than 2500, wich is still the lowest you will find i promise}, it’s what i use and am doing quite well.http://friends.zecco.com/r/6d6d3da67a001…

  5. By Becki S on Jun 26, 2009 | Reply

    e-Trade is a very good site to start – lots of information readily available and some of the cheapest fees. Obviously, as it’s ectremely reliable it can be trusted.

  6. By Unique Garden Decor on Jun 26, 2009 | Reply

    Open a e-trading account
    In India,
    Apply for a PAN card
    open a Demat account
    Open a trading account
    And most imp… Start to study market on a continuous basis

  7. By ARLLYN P on Jun 26, 2009 | Reply

    hey you can really find answers to all your queestion on the UTVI site that is http://www.utvi.com…..it will answer all you queries and also help gain knowledge ……i hope it helps you

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