Posted: 7/26/2010 1:44:35 PM
I've never invested in the stock market (besides funding my 401k through Fidelity).
I am really looking into buying stocks. I don't want to buy/sell 20 times per week or the such - but rather looking at this as a long term deal.
I have no idea what I'm doing, and have read countless info that tells beginners to do some "paper trading" for a month or so to see if you've made a good or bad move on a certain stock.
I would use an online broker. I would want the cheapest fee for buy/sell. I'm not sure if customer service is at the top of my priorities. My main concern would have to be that I get a broker that doesn't charge outrageous fees, buys/sells in a very timely manner, and doesn't need a deposit of $5000 or so.
Can y'all give me some advice on starting? Whether it be a broker to go through, how to evaluate P/E's and the such, timing, sitting/waiting on a stock through voatile times, etc.
Thanks in advance!