Hello!

Recently I have been trying to learn investing and financial thins. I want to start investing in the stock market and a whole lot of other related stuff right now. Unfortunately I am not knowledgeable nor do I know much about investing or anything about finance that well, so I am sort of a newbie in this. I was wondering if you guys could help me by giving me any tips for starting with baby steps since I'm a complete noob, any advice, online links I could use for help and learning etc, thanks.

alphafuzard

United States1610 Posts

September 20 2008 23:32 GMT

dont focus on one company, put your eggs in different baskets so to speak
there are many different investing plans that focus on a large number of stocks, you have to do some research to find out which would be the best for your cash range

edit: you might want to wait a few weeks though till the market chills out : /

il0seonpurpose

Korea (South)5638 Posts

September 20 2008 23:33 GMT

now's not a good time to try to invest.

Chef

10810 Posts

September 20 2008 23:42 GMT

Generally I would think succeeding in the stock market means being smarter than most of the other people investing... Since you only make money by selling unpromising stocks at a high price, and buying promising stocks at a low price. So asking for public opinion of where you should start is pretty ridiculous... Not to mention everything you could want to invest in, in the United States, seems to be a pretty slippery slope down from my perspective. Think Black Tuesday.

Poker is the new investment game, and it's not all that different from playing the stocks... But you still need to be smarter than everyone else you're playing with.

I say you invest all your money in a pirate ship and sail the seven seas for treasure.

anderoo

Canada1876 Posts

September 20 2008 23:43 GMT

shitty timing to start investing dude

ShloobeR

Korea (South)3820 Posts

September 21 2008 00:09 GMT

Heh, reading the news is a good start dude!

HeavOnEarth

United States7087 Posts

September 21 2008 00:22 GMT

On September 21 2008 09:09 ShloobeR wrote:
Heh, reading the news is a good start dude!

lolol ;D wait a sec ima find that little clip
aw whered it go

nooh

d(O.o)a

Canada5066 Posts

September 21 2008 00:39 GMT

Stockmarket crashed.

Ender

United States294 Posts

September 21 2008 00:51 GMT

On September 21 2008 08:43 anderoo wrote:
shitty timing to start investing dude

Depends. The key point is to buy cheap and sell big. When are stocks cheap? Usually when a certain sector of the economy isn't doing so well. So when the economy comes back up, you sell big and make a profit. Also, diversifying is important. But, the most important thing is to have a plan and stick to it.

XCetron

5226 Posts

September 21 2008 00:56 GMT

#10

sometimes when economy isnt doing so well, some companies just die...

Last Romantic

United States20661 Posts

September 21 2008 00:56 GMT

#11

It's a perfectly good time to start investing. Maybe trickier, and yeah, short term gains won't be great. For long term it's incredible, though.

micronesia

United States24768 Posts

September 21 2008 00:56 GMT

#12

On September 21 2008 08:42 PsycHOTemplar wrote:
Generally I would think succeeding in the stock market means being smarter than most of the other people investing... Since you only make money by selling unpromising stocks at a high price, and buying promising stocks at a low price. So asking for public opinion of where you should start is pretty ridiculous... Not to mention everything you could want to invest in, in the United States, seems to be a pretty slippery slope down from my perspective. Think Black Tuesday.

Poker is the new investment game, and it's not all that different from playing the stocks... But you still need to be smarter than everyone else you're playing with.

I say you invest all your money in a pirate ship and sail the seven seas for treasure.

Asking for public opinion on which stocks to buy would be ridiculous. Asking for public opinion regarding how you can train yourself to learn the basics is not.

ploy

United States416 Posts

September 21 2008 01:40 GMT

#13

Assuming you believe that the stock market can even be beaten above the national average in the long run...

mahnini

United States6862 Posts

September 21 2008 02:11 GMT

#14

invest in banks

you'd think i'd be kidding but i'm not

haduken

Australia8267 Posts

September 21 2008 03:08 GMT

#15

The idea of investment is not to focus on short-term gains but rather have an eye for long term benefits.

Invest in diverse and many portfolios. Have patience and above all have a sense of discipline.

Don't make rush decisions, be informed, do your own homework.

Everything else can be learned and told but what i said above is easier said than done.

kpcrew

Korea (South)1071 Posts

September 21 2008 03:26 GMT

#16

On September 21 2008 12:08 haduken wrote:
The idea of investment is not to focus on short-term gains but rather have an eye for long term benefits.

Invest in diverse and many portfolios. Have patience and above all have a sense of discipline.

Don't make rush decisions, be informed, do your own homework.

Everything else can be learned and told but what i said above is easier said than done.

agreed.
right now is a great time because there are alot of undervalued companies which have lower than usual prices due to the current market and the panic that went through investors because of the mortgage and financial crisis. if u invest in the companies that were "saved", im sure that they will rebound

Yogurt

United States4258 Posts

September 21 2008 04:15 GMT

#17

DIVERSIFY YOUR BONDS NIGGA

eborp

United States266 Posts

September 21 2008 05:05 GMT

#18

lol

Diversification is a good initial strategy because you have less risk, but it also limits potential gains.

Also always make sure to save some money into "safe" investments, like bonds and such. Going straight stocks is a recipe for disaster.