William asks…
Stock Market Investing for a Dummy?
roughly,how much money do I have to pay a stock broker?and also is it possible to lose 100% or more of the money I invest?
admin answers:
A full cost stock broker can charge a very high commission on a trade, so avoid them. I would go with an on-line brokerage where the commission costs per trade are much lower. Scottrade on charges $7.00.
Yes, it is entirely possible to lose all your money. So, know what you are doing before you start investing in individual stocks.
George asks…
How to start investing in the stock market?
First I would like to say that I am looking for a trustworthy mentor who has peoples best interest at heart. I am a young ambitious 18 year old who desires to live financially free. I have researched about the market. I have watched CNBC daily instead of watching mtv. I have read Rich Dad Poor Dad which was a very influential book which I think triggered my thirst for financial independence. I now am determined to increase my financial intelligence. I have read stock investing for dummies and I am currently reading ‘the only investment guide you’ll ever need – Andrew Tobias. (I am aware that in the road of investing you must continue to learn new things because in todays era, change is common. So the title is by no means represents my frame of mind.) Anyways I really just would like to ask someone specific, detailed questions about certain steps I should take on this path. No questions like should I buy or sell in this company? But just questions on strategies, techniques, in maximizing your profit & legal ways to avoid paying a load on taxes, steps in opening an account, which online broker should I chose and so forth. The reason why is that no matter how many books I read (I plan to read a lot more) I need the guideness and I need the experience in this field in order to become successful. Anyone who is a expert on stock market, real estate, accouting, finance, management, marketing & sales, and taxes. I would like to establish a relationship and begin this journey towards financial freedom! I feel the need to take up someones mantel in a way, or carry on their legacy. Thank you, for your support, time and efforts. It is greatly appreciated.
admin answers:
A good way to find a trading mentor is through a financial trading blog/group.
Watch and learn, contribute via comments and ask questions, you will nearly always get a good response if you are constructive. It is just a case of finding some commentators whose trading style suits you and whose opinion you can value through a proven record of success.
John asks…
What’s a good book for dummies who want to learn about finance especially about the stock market?
I’m currently studying finance and although I find the subject fascinating I don’t want to miss out on any of the finer details so I was wondering if there is a book out there that could help me (me of low brain capacity) out with understanding the ins and outs of finance. Especially in subject of the stock market (like how and when to invest on what stock, etc). Could someone please help me?
admin answers:
Try These Books
Book Review: Five Rules for Successful Stock Investing:
Morningstar’s Guide to Building Wealth and Winning in the Market
http://www.stock-investment-made-easy.com/five-rules-for-successful-stock-investing.html
Book Review: Investing For Dummies
http://www.stock-investment-made-easy.com/investing-for-dummies.html
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