First Time Investing in the Stock Market? Beginner's Guide

So where’s the best place to start?

Investing in the Stock Market, Beginner’s Guide for Getting Started

Go To: stock market game (link is in the bottom) its a stock market simulation game and it has tons of information about investing in the stock market.

Its a great start and it helped me get a hang of what trading is all about, plus there are prizes for those who make the most. Im currently trading my own money, and wallstreet survivor helped me alot.

I learned investing from my mother. She would go to the grocery store and notice the best cake mix was made by pillsbury. Mom then checked out the financials and then invested in the company with dividend reinvesting. This is called value investing.

Mom tried to make a phone call at our cabin in the north woods. The only telephone company up there was GTE and they charged a arm and a leg because they had no competition. Mom invested in it, and now that Verizon stock will pay for half her grandchildren collage.

Go out and find a company you like, a product, a store. Then check the financials and what the so called experts say. If it is highly rated, buy, if not look for another company.

Information is power. Spend a few hours every week reading up on things. I right now like Jubak on MSN money, he makes sense.

Play in the shallow end of the pool at first. Fantasy stock trading for a year may be a good way for you to gage your risk tolerance. One financial to check out is value line. They don’t have a clue as to what the stock will do in the future, but they do give a quick score for the financials. Buy number 1, hold 2 and 3 sell 5.

I have some great reading for you.

Listen to the Bob Brinker radio show. His website has a nice tutorial.

Learn from as many sources as possible. Trade a mythical portfolio first. But you need to then learn by trading and probably losing money. But we are in a bear market with a new leg starting now. Watch the market fall and watch how it moves down then counter rally. Watching the charts is a learning experience.

Investors Business Daily is a good source. Read Bloomberg news.

I invest in penny stocks. It’s so much fun and the anticipation is more exciting than the more larger cap stocks. I have thousands of shares invested in penny stocks. After doing my research very very carefully before purchasing them…Hopefully one of these penny stocks I can make a killing off of….I am to be really really wealthy off of penny stocks alone.