Basic Investing Strategies For First Time Investors
Anyone looking to learn how to buy stock for the first time should know that things have changed a lot in the last decade. It used to be that trades were made over the phone between you and a broker. Everything you did, from opening and account and discussing your goals to actually buying and selling stock, was done through your broker. Now though, with the computer taking over everything, the process of buying and selling stock has changed.
Now though, with the computer and Internet so involved in all our lives, investing and trading stocks has change dramatically. Investing online has gotten extremely easy and some might even argue that it has gotten too easy. Where as before you had to have contact with a real person, now you never have to see, hear, or speak to anyone and it can all be done very anonymously from your computer. Everything from opening a stock account, funding the account, and making trades both in and out of stocks is done with only the aid of your computer and Internet connection.
Where can a novice investor go to learn how to buy stocks and how the market works? There are many books in the library that will explain all the terms and principles and you can also do a lot of research online. Watching investment television programs would probably not be a great idea because all those "gurus" seem to want to do is give you their stock picks that are dubious at best.
Once you have studied some stock market basics for a while, it could be a good time to get started buying a stock. You can read and learn all you want but nothing is a substitute for the real thing. On the job learning is the best teacher and that goes for the stock market too.
Although you may want to get started right away, right now the market is in the midst of one of the worst downturns in recent memory. When the market is going up every day it is easy and fun to buy stock as most likely you will come out a winner. But now the market is not doing well and you have to be prepared to lose if you decide to buy anything at this time. Although it is good to buy stock when it is low, which most stocks are now, it is also scary knowing that they may go down further. If you do want to start your stock investment journey anytime soon, it would be wise to invest carefully and not put in more money than you can afford to lose. Caution is a good thing to have in mind when you are buying stock in 2009! - 23200
Now though, with the computer and Internet so involved in all our lives, investing and trading stocks has change dramatically. Investing online has gotten extremely easy and some might even argue that it has gotten too easy. Where as before you had to have contact with a real person, now you never have to see, hear, or speak to anyone and it can all be done very anonymously from your computer. Everything from opening a stock account, funding the account, and making trades both in and out of stocks is done with only the aid of your computer and Internet connection.
Where can a novice investor go to learn how to buy stocks and how the market works? There are many books in the library that will explain all the terms and principles and you can also do a lot of research online. Watching investment television programs would probably not be a great idea because all those "gurus" seem to want to do is give you their stock picks that are dubious at best.
Once you have studied some stock market basics for a while, it could be a good time to get started buying a stock. You can read and learn all you want but nothing is a substitute for the real thing. On the job learning is the best teacher and that goes for the stock market too.
Although you may want to get started right away, right now the market is in the midst of one of the worst downturns in recent memory. When the market is going up every day it is easy and fun to buy stock as most likely you will come out a winner. But now the market is not doing well and you have to be prepared to lose if you decide to buy anything at this time. Although it is good to buy stock when it is low, which most stocks are now, it is also scary knowing that they may go down further. If you do want to start your stock investment journey anytime soon, it would be wise to invest carefully and not put in more money than you can afford to lose. Caution is a good thing to have in mind when you are buying stock in 2009! - 23200
About the Author:
Would you like to learn how to buy stock for beginners? If so, please visit my website The Stock Market For Dummies.
posted by X - Men @ 5:00 AM
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