 |
what's the most efficient way |
|
 |
|
|
 |
Unless you have tons of money, you're better off with diversified passive portfolios. |
|
|
|
|
|
The best way to learn about investing is to just go to the book store and read a few books. Start with books on investing basics and they will lead you to other advanced books as you learn more. Then watch CNBC and follow along with what they talk about, and when they talk about something your not familier with then you google it. Yahoo finance is also a great place for info, but I suggest staying out of the message boards. there just full of scammers and those that dont realy know what their talking about. |
|
|
|
|
|
read books go to yahoo finance and learn practice on paper trading stocks, figure out what you did right, what you did wrong |
|
|
|
|
|
Many cities and towns have investment clubs whose members are ordinary people learning about investing. They actually invest a small amount each in stocks the group picks and watch what it does. Everyone has input on what happens and does some research that they share with the group. That way, nobody has to do a lot of work and everyone benefits from the work of others. It's a pretty efficient, low risk, hands-on way to get started. Check these websites for information: http://www.fool.com/Investment Club/InvestmentClubIntroductio n.htm http://www.investmentclubhelp. com/ http://www.rightonthemoney.org /shows/112_investmentclubs/ |
|
|
|
|
|
Also take a look at the Fidelity web site and go through their portfolio planner just for fun. It's age specific etc. also just pick a stock and look at it's history, then watch it on a monthly basis to see what it's doing. Pick a name you recognize like Best Buy or Circuit City or McDonalds. Then make a pretend buy and track it. Look at mutual funds . |
|
|
|
|
|
Get Cramers "Real Money" he goes into detail on what is required- research time and how every one is out to screw you. Next follow about 5 stocks in different sectors and follow them everyday. The big one- NEVER chase the news. |
|
|
|
|
|
Watch a tv show on CNBC called "Mad Money w/ Jim Cramer". Jim is a bit crazy as you will soon realize when you watch his show but the guy knows his stuff. His show focuses on stocks. He keeps investing interesting. The best thing is that he keeps it simple. He teaches ordinary people to think like and invest like the "big boys" as he calls them. When he makes a mistake he admits it and uses that experiance to help make you "mad money." |
|
|
|
|
