Yahoo Answers is shutting down on May 4th, 2021 (Eastern Time) and beginning April 20th, 2021 (Eastern Time) the Yahoo Answers website will be in read-only mode. There will be no changes to other Yahoo properties or services, or your Yahoo account. You can find more information about the Yahoo Answers shutdown and how to download your data on this help page.

TNT245 asked in Business & FinanceInvesting · 1 decade ago

how 2 invest in stocks?

hey...m 18 yo...m interested in investing around 75k in stocks...i kinda know the basics of stocks n stock trading etc etc..can anyone tell me how 2 start..

7 Answers

Relevance
  • Anonymous
    1 decade ago
    Favorite Answer

    Don't you think you are too young to take so much of tensions?? Well if you still want than go for virtual trading first and understand the whole procedure. For virtual trading you can go for stock market games which work just like real scenario.

    Side by side apply for demat and trading account.

    and start exploring internet and tv for information.

    Good luck dude.

  • Max M
    Lv 7
    1 decade ago

    If you're a rookie in investing or stocks, go to

    www.finance.yahoo.com.

    Open up a portfolio without using real money. You can give yourself as much or as little money to try out the market. The stocks you want to focus on is consumer staples, consumer discretionary, and healthcare. These are DEFENSIVE stocks that will survive through good and bad times. Most of my positions are in these stocks. Some names include 3M, Procter & Gamble, Kimberly Clark, Exxon Mobil, Walmart, Costco. Everybody's got to eat and wipe their butts regardless of the state of economy. Many of these companies survived through the Great Depression.

    That's the benefits. You can sleep at night knowing your money is doing well. There are NO guarantees that you won't lose money. It's just that these stocks are the best. They pay good dividends too.

    Then once you're comfortable and test the waters of the market, you can finally put some real money in. Go to Scottrade.com. They're excellent for beginners.

    If you're new to stocks, DON'T DAY TRADE. You'll a rookie in a world of professionals. I tried day-trading with Citigroup and AIG when they were a little bit over $1. I had some luck at first, making about $30 a day but I was way over my head. My luck didn't last long and I had to rethink my strategy.

    Day trading involves A LOT of commissions to the broker. With all the commissions deducted from each trade, you'll be lucky if you only lose half your money.

    I would just day trade using Yahoo! Finance. Open a stimulation account, give yourself $100 worth of fake money and play it in the stimulation format. You'll see what I mean by losing money every easily.

    Good luck.

  • 1 decade ago

    You need an online broker and also a couple of books on stock trading. Start small making tiny purchases very frequently until you are confident you know what you are doing. I would suggest a broker that doesnt overcharge per transaction too.

    My favorite is sogo because they have the lowest rates at $3 a trade via web interface. You can even trade from a PDA while in traffic! All the others are from $7 to $12 a trade and I see no point in paying that especially when you do a lot of trades and sogo also gives you a free 100 trades when you open an account.

  • Anonymous
    1 decade ago

    Firstly you should ask yourself is would you be a short term or long term investor?

    The above question will give you clarity about were to invest and what to look for.

    If you are a long term investor you can visit my website.

  • How do you think about the answers? You can sign in to vote the answer.
  • 1 decade ago

    Register or signup in different online trading platforms and practice trading.Some of the free tarding platforms are gnutrade,bloomberg,reuters .........I suggest you to practice on paly money paltforms to gain experience.

    Source(s): gnutrade learning center section
  • Anonymous
    1 decade ago

    ya your question is good.. first u learn well and start to invest..

    i'm booking the good profit daily with help of below below website.. search well choose the best share...

    http://www.stock-guide.webs.com/

Still have questions? Get your answers by asking now.