jacob asked in Business & FinanceInvesting · 1 month ago

Getting started in Stocks?

What is the best way to get informed and invest in the stock market? I have only used the Robinhood app but i have never made much on it. Any help on how to become more knowledgeable would be greatly appreciated.

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  • 1 month ago
    Best Answer

    Neither you or anyone else can learn about the markets and investing from  "Apps".  

    Before you spend $0.01 on an investment, you must know what you’re doing, why you’re doing it and how to do it and make sure you have the money to do it.  Also, you must have an understanding of the rules & regulations that govern what you’re trying to do.   Before you invest in any security, the first investment you should make is in yourself, and the best investment you can make is by educating yourself.  

     

    Begin your education by learning why you should invest and the importance of being able to make your own decisions or how the pro’s make theirs. Start your education by reading “Investing for Dummies” by Eric Tyson. 

    To continue your education, select some of the following  

    Beating the Street by Peter Lynch 

     How to Make Money in Stocks” by William O’Neil 

    24 Essential Lessons for Investment Success by William O’Neil 

    The Intelligent Investor, by Benjamin Graham 

    The Little Book Common Sense Investing – John Bpgle 

    What Works on Wall Street by James O'Shaunessey 

    Your Money and Your Brain by Jason Zweig 

     

    Websites that can provide instructions and help with procedures and terminology are Investopedia - http://www.investopedia.com/ http://www.investorshub.com/ and 1 Source for Stocks 

     - http://www.1source4stocks.com/info/stock-analyst-o... or Smart Money  

    http://www.smartmoney.com/ 

    Visit some of the more professional websites like  Zacks Research - http://www.zacks.com/ Schaeffer’s http://www.schaeffersresearch.com/   Investors Business Daily - http://www.investors.com/default.htm?fromad=1 

    Some of these web sites will have advertisers who are worth looking into also. And remember, if they offer free information, get it. 

     

    When you think you're ready to look at which brokerage firms to use - look at some of the best and Robinhood is not in that category.  Most major firms have great investing/trading platforms that are very helpful.

    Source(s): 45+ years on The Street
    • Steve
      Lv 6
      1 month agoReport

      You should get rid of the phrase "why you are doing it".What guy is doing it to intentionally lose money?

  • 1 month ago

    Educate yourself as A Nobody says, then make a Plan, make investing a habit. Stay away from story stocks and invest based on fundamentals. I always say Buy high, Buy MORE Low, but as a individual investor your not going to time the market, better to just make it a habit and keep adding shares or to investments & savings based on your plan. It takes the emotion out of the equation which is what causes most mistakes.

  • Anonymous
    1 month ago

    There are entire books on this, I dont think 2 sentences here on yahoo will help

  • 1 month ago

    Start by learning economics.

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