Buying Stocks ?

[frozenimage]

Unless the government is selling stocks, I wouldn't recommend any stocks at the moment. You see, America has cut back on everything just to make ends meet.

[gizmo42]

Unless the government is selling stocks, I wouldn't recommend any stocks at the moment. You see, America has cut back on everything just to make ends meet.

One thing I have to say is you have to be in it to Win it.

[lynnc35]

You will probably have to ask someone who is financial savy about that. There are internet trading companies where you can trade stocks. But I would get advice before dipping into this.

[EDW39A]

You can become a little more savvy by reading and investing a little. You can use DRIP's (Dividend Reinvestment Plan), by getting one share of stock. And then buying very small amounts (less then a share) directly from a company. It is a great way to teach a child, or educate yourself. After that you need to do a lot of reading or get some information on CD's. Books for beginners on "intelligent investing" (and not gambling, or even intelligent speculation at this point) and understanding the need for some safe non-correlated asset classes, are a must as well.

[carty1]

I would love to buy stock but where should i look. I just need to find stocks that I can afford.

[TOMAS7]

@ carty1 , I am a former stockbroker and have to inform you that buying stocks that you can afford needs to include more than just the actual price per share for the stock. You need to do some research as to the potential growth of the company, does the company pay dividends? does the company have a Standard and Poors or Moody's credit and performance rating? many of the "penny" stocks do not, based on that they also carry a higher risk of paying off for you. This is why you either have to put in the time and effort in to research or rely upon a broker whose job it is to perform some of that research and make recommendations for you. You also need to determine what you goals are, and what is known as your risk tolerance. Usually younger people are considered to be able to handle higher risk as they  have the element of time on their side to recoup any losses they may have early in their investments. More senior people as they approach retirement generally would look for lower risk in order to protect their principle and thus move their investments into dividend paying stocks like utilities or muni bonds which don't require Fed income tax be paid on their earnings. There are tons of companies that offer newsletters which are usually tied to certain particular stocks or industries so you can become excited about their particular recommendations. However, there are others that can offer guidance while remaining somewhat neutral, they can teach you the general things to evaluate but generally won't make specific recommendations.  One is The Motley Fool, another would be to google Jim Cramer from MSNBC, Standard and Poors will provide good third party information as well as Reuters or Bloomberg which are primarily stock and business reporting news media. Hope some of these ideas help get you on a good start.

[Mojoshog]

Yeah, Apple and Google look good but $700 a share. geez.
I'd stay away from the penny stocks but that's just my 2 cents

[EDW39A]

Yeah, Apple and Google look good but $700 a share. geez.
I'd stay away from the penny stocks but that's just my 2 cents

What is the strategy you are going to use? You don't have to go to either extreme, but there are some good penny stocks out there it requires doing some homework. As an investor you may have a watch list put Apple and Google on them after you do your homework, and come up with a strategy for buying them. This does not mean it will work in your favor, but with no homework or strategy in place it may be a bad buy any way. One strategy might to buy them if they ever do a stock split. (there are more ways but they require a lot more homework) If you think penny stocks are speculative only purchase them with a small part of your money. It is like FusionCash it is not a get rich quick scheme. Not to mention having a defensive mindset by having a few bonds in your portfolio (like 50/50 for most of use, not willing or able to do our homework), to balance and reduce your risk. And to go one step further 3-5 non-correlated (one might be a privately held business) asset classes who knows what the future will bring.