5 Comments for What Are Some Tips For First Time Investing In The Stock Market?

• 1. Richard  |  November 12th, 2009 at 4:16 am

  READ< READ, READ before you invest. Any time is a good time to invest if you are planning to keep the stock for a long time. You should invest only what you can afford and be able to lose. You can invest for as little as $25 a month if you want to join an investment club. This is the best thing for someone just getting into investing. You will learn a lot by investing with experienced investors.
  You want to keep your costs as low as you can. Trading online will cost you roughly $10 a trade so the more that you can invest the lower the cost is per share. I would recommend investing maybe $300 each time. At this your expenses are 3.3% of the trade. Try to get it down to 2%. You can save up your money for months and then buy.
  Don’t forget to diversify. Don’t buy just one stock in one industry. Buy in different industries.
  The two websites below have some good resources. Sign up for some of their daily or weekly newsletters. Investopedia has one that is a different term of the day.
  EDIT – Why get a financial advisor when you can do it yourself. All it takes is common sence. All of the information you need to know is online and in books.
  Only get a financial planner if you are not good with your finances. They can help you get on track.

• 2. John  |  November 12th, 2009 at 4:31 am

  You seem to be new to stock investing. You may find it useful to visit our website http://www.narachinvestment.com as a starting point and then work your way forward from there.
  You would have to develop your own investment system with all the checks and balances you choose to have at your disposal.
  However, a word of caution would be appropriate; firstly “there are no free lunch tickets in this environment” and secondly “the buck stops at your door step every time you buy or sell a stock”. After all you could be right or you could be wrong in the decision you take.

• 3. Akash  |  November 12th, 2009 at 5:02 am

  Get a financial advisor.

• 4. pretzel2  |  November 12th, 2009 at 6:00 am

  Diversify across international funds and have some inflation oriented funds that invest in agriculture, miners, and/or energy.

• 5. Dr Jim  |  November 12th, 2009 at 6:46 am

  Don’t accept any wooden nickels.

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