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I am interested in buying stock need help?

Hey I am a 19 year old college student and I want to know what is a good way of going about buying stock, how muchmoney will i need what are good companies and etc

4 Answers

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  • ?
    Lv 5
    1 decade ago
    Favorite Answer

    Buy stocks for $250 or more. I buy stocks no body else wants to own and these usually double or triple in a few months. But don't buy them when they are dropping, wait until the price stabalizes.

  • ?
    Lv 7
    1 decade ago

    Start with a mutual fund account with a company such as Fidelity or Charles Schwab. You can open an account with as little as 250 and 50 a month. This spreads the risk while you build up capital and learn about investing in stocks

  • Anonymous
    1 decade ago

    I recommend playing with fake money first and doing a LOT of research and making sure you have control over your emotions before investing. That way you won't make the same mistakes I made when I first started.

    Some specific answers to your questions:

    I would start off with less than $2,500

    I would start off with the blue chips (the big boys like GE, BAC, or F) first

  • Anonymous
    1 decade ago

    If you want to start investing its always better to have a well diversified portfolio so that it will minimize it risk. Investing in fundamentally strong company is always a good option for long run. Investing in Equity Mutual Fund is also a good option for this year where you can make good returns.

    For more details refer Dalal Street Investment Journal's Magazine

    www.dsij.in

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