Question by Dani: How do you go about investing in a stock?
I am in my early twenties and want to get started with investing. What are some resources that are available to learn about investing?
Best answer:
Answer by Reptile
well what you have to do is get some cash and buy some stock.
Add your own answer in the comments!
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Open an account with a broker like TDAmeritrade. place a few bucks in it and you are ready!
Go to Zecco.com and open an account with them after that buy RITE AID STOCK, (RAD) their stock is as low as 2 dollars and if you hold it for a couple of years you will make good money. This stock is going to jump back up because Rite Aid owns all of their real estate stores and do not rent their locations like WalGreens and CVS Pharmacy
Find the good stocks which are trading cheap. You could find stocks like that aplenty now.
The best is to get started a soon a you can. The best way to get started is by hiring someone to do all the trading for you. Make sure that he has a team of professionals. Check what kind of rate of return they have being getting for the last 20+ years (you want returns of 10-12% per year).
In other words to get started investing on mutual funds. That meet the perfornace that I mentioned above. In a mutual fund you have a diversified portfolio that will keep you money in good investments. The mutual fund industry is highly regulated. The day you made all the research that you need and you feel comfortable managing your own portafolio just do it.
This is a good simulator for stock trading:
http://simulator.investopedia.com/?viewed=1
http://www.investopedia.com/
If you want to take it easy invest in mutual fund for the rest of your life and you’ll be just fine. I have umbelievable resources on ivesting in my blog.