Anybody have helpful Stock tips to get me started?
Taco Bomber Baby asked:
I just opened an account with etrade.com and I’m wondering how this whole stock thing works. What time does the stock market and close each day and whats a good stock to buy that will help me get some knowledge about how it works?
I just opened an account with etrade.com and I’m wondering how this whole stock thing works. What time does the stock market and close each day and whats a good stock to buy that will help me get some knowledge about how it works?
Tags: Etrade, Good Stock, Knowledge, Stock Market, Stock Tips
February 26th, 2010 at 3:14 pm
I made some mistakes as a young pup, so I’ll share since I do this sortof thing pro bono.
Invest for the long-term only, and in mutual funds/etfs.
I myself go for emerging markets, I am super-aggressive in my investments and have no fear of losing my money since the upside is so great!
The NYSE traded 9:30 to 4:00 EST.
March 2nd, 2010 at 2:12 am
Seriously, man, look around. The country is going into an economic recession. Not the best time to buy stock. Get out of it if you can. It’s probably not going to be long before we have the next big stock market crash, and we go into another “Great Depression”. Put your money into savings.
March 3rd, 2010 at 6:33 pm
I actually disagree with the last answer. Right about now is a good time to buy stocks. Maybe just waiting a month or two more would be good, but stock prices are really low right now. The elections will have an impact, most likely a positive one. The blue chips are good ones to start with, but don’t offer big returns. Apple and Google have become huge, and hopefully can still go up. Other than that, I say, put it all in button companies. If all else fails, our shirts still need buttons!
March 6th, 2010 at 6:52 am
1. Read the Investor’s Business Daily Learning Center to learn about stock investing. My favorite tip from them is setting an immediate stop loss at 8% below the purchase price to protect yourself.
2. Learn about how to read stock charts. My personal favorite is how to use Bollinger Bands.
3. I have a financial advice website and I outline my stock assessment methodology. I use five factors to find stocks that of companies that are well run, profitable and growing.
4. Never buy “hot” stocks (Enron, Tyco, so-and-so’s hot list). You’ll get burned. Use what you’re learning in the steps above to find good quality stocks that will make for a fabulous long-term investment portfolio.
March 7th, 2010 at 5:24 am
I have an account with ETrade also, may I suggest you look at their DRIP Plans. They are great ways to invest and very safe.
These powerful investment plans are seldom talked about because brokers make very little money when they suggest them. Yet, they have proven to be one of the best, if not the best, long-term strategy on Wall Street.
They are perfect for small investors, as well as big investors. They are safe and allow you to not care about whether the market is going up or down. They are a must for any serious investor.
I strongly recommend looking into it. They are great plans.
March 7th, 2010 at 1:54 pm
No offense, but I think that you’re doing this backward. You should have learned the basics of how to invest BEFORE you opened an account, not after. Buying stocks without knowing what you’re doing is a very fast way to lose your money.
Check out some websites such as Kiplinger, Motley Fool, or Morningstar. Pick up a book or two on beginning investing. Make some fake trades on paper and see if you understand what you’re doing. Until then, buy a good stock mutual fund or two and let the pros do it for you.
Knowledge is the difference between successful and unsuccessful investors.
March 11th, 2010 at 1:51 am
Here’s the most important stock tip you’ll ever get;
Never buy on stock “tips”.
What’s worse…… asking strangers whose qualifications and motives can’t be known, how to invest your money.
Be very careful. You’re approaching investing like it was horse racing (a sin that will eventually take your money).
A better idea;
Learn investing. Learn trading. Read as many books as you can for the next 6 months to a couple of years. If you’re investing for the long term, you’ll be in the six month range. If you’re looking to trade, that will take more time to learn the ropes.
This is not hard. But it is essential. Otherwise…. you’ll make all the costly mistakes newbies make…. for no reason other than you didn’t take the time to learn.
March 13th, 2010 at 8:15 pm
Hi,
Well, since you don’t know much, trust your money to someone who does, Warren Buffet. He’s got a BRK-B stock that’s valued at $4600 right now. His BRK-A rose 50% last year, and this guy’s got a great track record over the last 25 years.
Other than that, use the online analyst tools. Check and double check third party reports on the stocks until you find one with a low P/E and with several buy recommendations from respectable third party analysts. Stay away from penny stocks.
March 16th, 2010 at 4:56 pm
You can get a HUGE list of upcoming Penny Stock companies and tips at
Its a great resource for anyone interested in penny stocks.