Wednesday, March 7, 2012

I want to start investing money, but where do I begin? ? Sakemi's Blog

I don?t have any knowledge on investing and am wondering where the best place is to get some beginner information.

Before you spend $0.01 on any investment, you must know what you?re doing, why you?re doing it and how to do it.Before you invest in any security, the first investment you should make is in yourself, and the best investment you can make is by educating yourself.

Start your education by learning why you should invest and the importance of being able to make your own decisions or how the pro?s make theirs.
Here is some reading material that can get you started in the right direction,
Beating the Street by Peter Lynch
Bulls Make Money, Bears Make Money, Pigs Get Slaughtered, by Gallea
From Riches to Rags, by I.C. Freeley
Millionaire Traders, Lein & Schlosberg
How to Make Money in Stocks? by William O?Neil
24 Essential Lessons for Investment Success by William O?Neil
The Intelligent Investor, by Benjamin Graham
Common Stocks, Uncommon Profits, by Philip A. Fisher
One Up on Wall Street by Peter Lynch
Stocks for the Long Run, by Jeremy Siegel
The Interpretation of Financial Statements by Benjamin Graham
The Lazy Person?s Guide to Investing by Paul B. Farrell
The Warren Buffett Way by Robert Hagstrom
Trading for a Living, by Alexander Elder
Uncover the Secret Hiding Places of Stock Market Profits by Joel Greenblatt.
What Works on Wall Street by James O?Shaunessey
You Can Be a Stock Market Genius by Joel Greenblatt
Your Money and Your Brain by Jason Zweig

Get into the habit of making daily visits to some websites like MSN Money and Yahoo Finance. (http://moneycentral.msn.com/home.asp , http://finance.yahoo.com/

Other website that can provide instructions and help with procedures and terminology are Investopedia ? http://www.investopedia.com/ http://www.investorshub.com/
Visit some of the more professional websites like Zacks Research ? http://www.zacks.com/ Smart Money ? http://www.smartmoney.com/ Schaeffer?s http://www.schaeffersresearch.com/ Some of these web sites will have advertisers who are worth looking into also. And remember, if they offer free information, get it.Or you can meet others who are trading at http://www.moneyshow.com/main.asp

Attend all the free seminars you can, just be careful and don?t get pressured into anything you really don?t want or need. Most schools offer courses in finance and economics, but very few will have courses on the mechanics of the investment markets, if they do try taking the course. You may want to consider on-line courses, the New York Institute of Finance use to have such courses. Try to get some fee information from the stocks exchanges they all have (had) free booklets, SIAC and some of the regulators (FINRA SEC MSRB CBOE) may provide some free literature.

And when you think you want to invest/trade, try some paper trading to test your skills without spending you money http://simulatorinvestopedia.com/ and/orhttp://www.tradingsimulation.com/

You at least have made the right decision to start investing, this is the first big step and it won?t be your last. Keep taking those steps forward and along the way never take the advice from people that are not in the market or try to tell you not to invest.

Good luck on your journey, study hard and you?ll invest well.

Hi,

I think that being a Debutant Investor, you can first start investing into Savings Sector in Finance Field. Bank Fixed Deposit and Bonds related to Banks and Companies are examples of Savings Investment. Later, when you will have sufficient amount of money then you can switch over to Equity Sector in Finance Field. Here you can go for options like Mutual Funds and then gradually to Stock Markets. Later in life if you want then you can also opt for investing options like Initial Public Offerings(IPO) of reputed companies or Car Parking Investment and so on. Please do consult a Financial Consultant before taking any decision. I have given you some tips but the Final Decision should be yours. All the Best and Happy Investing.

Start at a bookstore. Look for books such as
Investing for Dummies
The Idiot?s Guide to Investing
Investing Made easy.
Cost will be about $20.Great books with chapters on stocks, mutual funds, ETF?s, bonds, cd?s, even a chapter that shows brokerage companies with their minimums to open and their fees for trading.

If you try to learn by reading online, you won?t get a full understanding of everything.
You?ll end up reading the same information over and over again.
$20 in a book is the best education you will ever find.

I joined this vacation travel business and its been a pretty good investment so far?I wanted to invest but since I?m in college I only had a couple hundred bucks so I figured an online business would be better.
check it out

https://www.tvtravelonline.com/members/businesspackage/landingpage/default.aspx?repid=SR4431

good luck!!!!!

Tired question. Answered it here:

http://answers.yahoo.com/question/index;?

The internet.

Source: http://sakemi.com/i-want-to-start-investing-money-but-where-do-i-begin/

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