Where do I start?

Discussion in 'Stock Market Education' started by Thejamal, Mar 27, 2014.

  1. JR Ewing

    JR Ewing Super Moderator Staff Member

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    If you're going to be trading in and out of positions very often, you'll need far more money to offset transaction costs. Better for the beginner with limited funds to focus on fundamentals, protecting principal, and growing capital - and not wasting big chunks of money on transaction costs. It's less risky as well to invest more traditionally.
     
  2. dianethare

    dianethare Senior Investor

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    Livvy, this is absolutely cool, trying out small other than putting all eggs in one basket...something that Warren Buffet warns against when it comes to all things investment...at least it will be a wonderful learning curve and emotions won't get the best of me, something also forbidden whilst trading.
     
  3. JoshD1990

    JoshD1990 Active Member

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    Wow I was just about to post this question. Thanks for all of the great resources!!

    I am a small business owner and I am looking for places to begin placing my profits rather than a bank.
     
  4. firelily99

    firelily99 Well-Known Member

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    I have been working on this for awhile and decided that I should be getting more advice from others. I got a lot of information here this afternoon and plan on checking all of it out. I plan on taking an introductory class through the adult ed in my town and I think that it will help me a lot.
     
  5. jondjacob

    jondjacob Well-Known Member

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    What would you consider more traditional investments? I have a 401K, but I am looking at trying to grow some wealth outside of that by investing. That said, I don't have a huge group of funds to play with. Would it even make sense to try to use an online trading company?
     
  6. JR Ewing

    JR Ewing Super Moderator Staff Member

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    You can use a reputable discount broker in order to keep costs down.

    You might start by picking at least 10 or so good companies to invest in, or perhaps several of the better managed mutual funds. Even an index fund for at least a while is better than nothing - that's a good way to get market exposure while you learn the ropes on investing for yourself.
     
  7. lovemwaf

    lovemwaf Member

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    Apart from books and regular advice from different people I recommend that you check out youtube. There are a lot of people who are experts in the fields that love to give advice to people in your position. Check out some tutorials on YouTube. Also try and find some audiobooks online about stocks. There is a vast amount of information out there and also try look for people who are thinking about the same lines as you. The ultimate aim is to aim high and earn more money, but there is also a certain style and way to earn money which might be good for you. I say look for that
     
  8. mcjonesqwe

    mcjonesqwe Member

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    lovemwaf, do you have any suggestions of YouTube channels that you have had a good experience with in the past? I'm pretty new to investing like the original poster, and YouTube has always been a great thing for me to learn on! Do they usually go through step by step and show how to go about investing, or is it the type of videos where the person is just sitting in front of a webcam dousing the audience with knowledge for 8 minutes straight? Either way, I would appreciate your recommendations. Thanks!
     
  9. JR Ewing

    JR Ewing Super Moderator Staff Member

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  10. gekko41

    gekko41 Active Member

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    I would start with at least $5000-$6000 in capital, so that you don't end up incurring a significant loss due to fees.
     

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