Anonymous
Anonymous asked in Business & FinanceInvesting · 1 decade ago

does anyone know how one who has absolutley no clue how to learn the easiest way to invest in the stock market

i have never done it before only heard of people but i have no experience and no clue whats the best way to go about it and learn how to invest money in stock

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  • Anonymous
    1 decade ago
    Favorite Answer

    The stock market is a very scary place to be, trust me. Even if you spend all day long studying the market, it is impossible to time it. The is a guy on radio by the name of Bob Brinker who is very good. He saved a lot of people from disaster in the market downturn in 2000/2001. I wish I had listened to him! Here's his website:

    http://www.bobbrinker.com/

    Right now, real estate is the place to be.

  • Anonymous
    1 decade ago

    Read "The Little Books that Beats the Market". Then for investing ideas, go to http://www.top10traders.com/ - this is a free site that lets you create a portfolio of stocks with $100,000 in "play" money. Each day the site ranks the best performing portfolios, so you can see how your picks perform compared to other investors. You can also read posts on investing from the best traders, as well as share your own investing ideas. There is also a charting feature , so you can see how your portfolio performs compared to the S&P 500.

    Here are this month's best traders:

    http://www.top10traders.com/Top10Standings.aspx

    Good luck.

  • Anonymous
    1 decade ago

    First thing is you need to educate yourself, start by reading the book, "Understanding Wall Street". Then take some courses in stock trading at your local community schools, which are very inexpensive. Learn about technical analysis before investing. Then as you start investing and getting some experience, keep learning, read more advanced books and take a course with a professional trader. With time, knowledge and experience, you will eventually have your own strategy/plan and you can become a very successful trader. You have to be passionate about it in order to be successful.

  • 1 decade ago

    Don't do it. There are professionals who do it for a living all day long, and they'll always have the advantage over you. The new guy always gets screwed.

    Save money in a few good, solid mutual funds that spread the risk across many stocks from different industries. They won't make you rich right away, but they'll earn a good rate of return over the long-term and help you achieve a comfortable retirement.

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  • Anonymous
    1 decade ago

    Go here: http://www.morningstar.com/Cover/Stocks.html?pgid=...

    At the bottom left, there is a tab called "Learn." Click on Stock Investing Courses.

    There are 5 levels from beginner to advace and a test after each course. You even get a free book if you complete them all.

    Have fun.

  • 1 decade ago

    Use yahoo finance and create practice portfolios before you invest real money. Make a point to read articles that appear on yahoo finance. Once you have a basic handle on it you can open a brokerage account with one of the many online brokers

    Source(s): finance.yahoo.com
  • 1 decade ago

    What do people buy every day? Find out what company makes it. Theres the stock to buy. Never invest money you cant afford to lose.

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