I'm thinking of investing in some stocks during this downturn, and I would like to educate myself on some basics and fundamentals. So I'm asking for the forumites to post some good websites for learning how to invest in stocks wisely. I'm putting particular emphasis on long-term investments.
I'm thinking of investing in some stocks during this downturn, and I would like to educate myself on some basics and fundamentals. So I'm asking for the forumites to post some good websites for learning how to invest in stocks wisely. I'm putting particular emphasis on long-term investments.
Fool.com: Stock Investing Advice | Stock Research
Free Personal Finance Software, Budget Software, Online Money Management and Budget Planner | Mint.com
I have heard these two sites recommended more frequently than others from multiple sources. I have no personal expertise in the subject though, so take the advice with that caveat.
Investopedia.com Tutorials: Building Blocks and the Basics of Investing
Start here and learn the basics, even if they are boring.
Investing in individual securities half cocked is a recipe for disaster.
Things to avoid, websites selling hot stocks with heavily inflated returns and Jim Cramer.
After you get warmed up, we can talk about investment strategies.
If you're just of the mind that the stock market as a whole is undervalued, it might be worth investing in an index fund. Something like SPY is a great way to benefit from a market upswing without much effort on your part.
Thanks for the website. I'll be sure to read up on it.
Right now, I've invested only a little bit of money in only a few companies with the long-term in mind. I've got a local stock broker and made my picks with some advice from my grandfather. I've just started, and at the moment I'm not interested in any other things, and that includes trading using websites. Right now, I want to use websites just for information, and I want to start slow and keep things simple.
I would avoid stock brokers, even assisted trades and advice aren't worth the added expense.
A discount broker like Scottrade, TradeKing, ShareBuilder, etc are much better bang for you buck.
Generally speaking, you want to keep your trading fee at 1-2% of the amount invested, otherwise your better off with Mutual/Index funds.
I just want to add another vote for this. I used ING direct to open a Roth IRA and a trading account last year. I paid something like $10 to buy a chunk of an index fund and another $10 to sell it later on. Unless you're a highly sophisticated investor or are getting invited to closed hedge funds, a great way to make money is to minimize your costs on trading and on actively managed funds.
I'm thinking of investing in some stocks during this downturn, and I would like to educate myself on some basics and fundamentals. So I'm asking for the forumites to post some good websites for learning how to invest in stocks wisely. I'm putting particular emphasis on long-term investments.
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