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Author: [Investments] Topic: Asking for any and all help....
atlheatholder
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atlheatholder
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#1
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!

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wallstreetcappers
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#2
Posted: 7/26/2010 1:53:19 PM
We have discussed this quite a few times over the years, I would suggest opening an acct with a place like Scottrade if they have a local office near where you live.

Having local access to put in fund and take them out and ask questions is a huge plus, and Scottrade has cheap commissions and their trading platform and charts are fine.

I would steer clear of places like Sharebuilder where there are hoops and restrictions. Scottrade is pretty cut and dry and no nonsense sort of place.

Paper trading is just taking positions and trades on paper and learning that way before you put money in and do it for real.
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atlheatholder
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atlheatholder
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#3
Posted: 7/26/2010 2:20:16 PM

Thanks wsc - I'll start looking into Scottrade and check for local offices in my area.

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atlheatholder
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atlheatholder
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#4
Posted: 7/29/2010 8:16:43 PM

Scottrade's looking to be a promising start.

 

Any blogs, reading material (mags/newsletters/books/etc), investment sites that help educate the beginning investor?

 

 

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wallstreetcappers
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#5
Posted: 7/29/2010 8:43:45 PM
Well this forum has a ton of info, scan some pages of posters questions and threads about a variety of subjects.

You can go to a site like yahoo finance and there are a ton of articles and DIY sort of research available.
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