1. Your Questions About Invest In Stocks Beginner
Daniel asks…
Is it a good time to invest in stocks now ? as a beginner?
I am completely new to this stocks.
I never invested in stocks before in my life
I am 35 yr old
I have around 10K to invest, is it a good time to invest in stocks in this time of economy ?
or don't want to risk ?
Steve Winston answers:
It's usually always a good time to invest. The key is not to open a brokerage account & buy
some stock you heard will do well.
The best time to invest is after you spent some time reading some basic books & learning.
Otherwise you will make some typical basic mistakes.... That will cost you money & may
discourage you from investing for the rest of your life (a big mistake).
Be smart. Learn the basics. Always use good risk control.
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2. Thomas asks…
Good Stocks to invest in for a beginner with the recently market
ups and downs.?
With so many stocks at low prices like GM Citi AIG and so on, is this something that would be a
good long term investment? Should someone wait until the end of the third quarter when the
market is "supposed to" stabilize? The 3 stocks mentioned above are what I have lightly
invested in so far but am wondering if stocks like those are something I should be putting
considerable amounts of money into for the gains it could make on the rebound.
Thank you for the input.
Steve Winston answers:
Don't invest right now because today global stocks are weak it may drag other stock drop with it
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3. Mandy asks…
How do you decide on which stocks to invest in if you are an
absolute beginner?
beginner to investing
Steve Winston answers:
You begin with mutual funds but - most important - you DO begin. Not complicated or few could
do it. Open an account at schwab.com or TD ameritrade & get going. IRA (roth or regular) if
don't have 1. Can buy SWEGX (if schwab) or similiar index type fund with no knowledge. No
need to pick stocks. Do not use confusion as excuse for inaction. Start today!
Vegas_iwish@yahoo.com
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4. Sharon asks…
What do you think about investing in stocks as a beginner?
I think the stock market can be a smart thing to experiment in even without much experience, in
contrast to most advice given. My reasoning is that you can "practice" picking stocks for a very
small amount of money- even under $100. You can buy just 1 stock option and though you
won't make much, you won't lose much either and you'll have experience of watching the
market. Sure you can argue that you can study the market without putting your money into it,
but I think having something on the line- even if it is only a $20 stock option- keeps your
attention and diligence. I am inexperienced with stock trading- it's been years since I've owned
stock- but I'm smart, I have a financial mind, and I am a quick study. I think I want to take a few
hundred dollars and spread it over a handful of well-picked stocks and watch it for a few
months to see what happens. Maybe I'll make a profit, maybe I won't. But I'm not risking much.
If you disagree, please explain your logic. Thank you!
what do you think about zecco.com?
Steve Winston answers:
Oh! I agree... I found that it is an excellent, even fantastic< way to profitably spend your time. As
you say, if you get in just a little...it's great experience ( and always something to " click over to"
on the computer.
If you're into the " practice" part of it , a guy ( who occasionally answers here) has a nice site at:
http://www.top10traders.com/
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5. Great place to see " how you can do" and look at the way about 1200 other traders play the
game!
Good luck.
P.S. Correction: up to 1300 traders, now.
Mary asks…
How much money should a beginner invest in the stock market?
Stocks or mutual funds
Steve Winston answers:
Start with $1,000
Go to a bank and buy a "balanced mutual Fund" that has no front end load or rear end load (no
buy/sell fee)
This will give you a start with a diversified portfolio , of stocks , bonds, and money market
instruments. It will not carry much risk, and will have little volatility. Add to your position when
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6. you can.
Learn all you can about investments and next get more money and invest it in a "Blue Chip"
dividend fund. Learn more, earn more, contribute more...and when you are ready to accept the
risk, while keeping your other funds, buy a growth equity fund.
Keep learning and investing and you will get rich
George asks…
What is the best book to read about investing in stocks for
beginners like me?
i'm currently reading the one by William O'neill but i found myself lost once in a while... i just
can't understand a lot of terms! is there a dictionary for stocks or something? or is there a book
that's more intended for beginner investors who're not very familiar with most stock market
terms? Thanks!
Steve Winston answers:
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7. "Investing For Dummies" is a good starter, to be followed by "Stock Investing For Dummies",
which goes a bit deeper into stocks.
Lizzie asks…
whats the best way to invest in stocks for beginners?
Steve Winston answers:
I would say a good balanced fund. You can go to morningstar.com and do some research on
those balanced funds that have a good track record. Yes, index mutual funds are cheaper in
terms of management fees, however, in these volatile market conditions, you may want to go
with funds that have the mandate to invest in both equity and fixed income markets.
Just remember to contribute regularly to take advantage of dollar cost averaging.
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8. Chris asks…
Beginner in investing...stocks, mutuals, ETF...which do I choose?
I just graduated from college and got a job, but no 401k is offered, so I wanted to try saving up
my money on the side. The problem is, I have no idea where to start or what a stock even
entails. Can anyone explain to me in VERY BASIC TERMS what a stock, mutual/index fund,
ETF (and anything else I might want to consider) is and which one might be good to start with?
Thank you in advance!
I know there are many websites online explaining the differences between all of these, but I get
really confused with the jargon, which is why I need someone to explain in basic terms. Thanks
Steve Winston answers:
Look for your favorite sector. One in which you think will go up in the future. Tech usually heats
up this part until the end of the year. Then look up an etf for that sector. You like consumer
staples as a safety play?
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9. Mark asks…
What kind of stocks are good to invest in on sharebuilder? i'm a
beginner in the stock market?
Steve Winston answers:
Absolutely do not use Sharebuilder... If you haven't heard, they are encouraging fraud in their
latest facebook contest, and are knowingly letting people cheat:
http://ireport.cnn.com/docs/DOC-478946
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