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M.C. 05-22-2014 01:26 AM

Good beginner stocks
 
I'm thinking about testing the water never have invested in the market before I have about 1k to invest and tips would be appreciated

Thanks!

Legalman72 05-22-2014 06:02 AM

Re: Good beginner stocks
 
Lots of research and it really depends what your goals are.

GE is a great stock but its well valued at the moment. Many people feel there's a bear market coming. If you have some cash, you might want to wait and then go bargain hunting.

b381l 06-07-2014 11:36 PM

Re: Good beginner stocks
 
Quote:

Originally Posted by M.C. (Post 4164847)
I'm thinking about testing the water never have invested in the market before I have about 1k to invest and tips would be appreciated

Thanks!

Barrons is a good place to start....it comes out weekly. Actually, the market looks to be fully priced now plus the summer is historically a bad time to get in.....but if you decide to go ahead, purchase stocks you know something about. Plus the best way to buy stocks is to put a certain amount in each month and continue doing that....so if the stock goes down, you'll be purchasing the stock at a cheaper price next month. It means you are averaging the cost. Good luck !

ds401 06-10-2014 10:00 PM

Re: Good beginner stocks
 
Maybe try a mutual fund. Fidelity, Janus, Vanguard have lots of different funds that have blue chip or mid size companies, ect. They invest different companies that u may like or not like. Read about them and decide. You can watch the mutual fund and maybe get a feel for some stocks and how they move.
You can read about stocks and mutual funds at Yahoo Financial, Wall Street Journal, and the individual websites for example.

b381l 06-12-2014 01:27 AM

Re: Good beginner stocks
 
Quote:

Originally Posted by ds401 (Post 4179503)
Maybe try a mutual fund. Fidelity, Janus, Vanguard have lots of different funds that have blue chip or mid size companies, ect. They invest different companies that u may like or not like. Read about them and decide. You can watch the mutual fund and maybe get a feel for some stocks and how they move.
You can read about stocks and mutual funds at Yahoo Financial, Wall Street Journal, and the individual websites for example.

Most fund families require more than $1,000 as an initial payment to purchase a fund......also, there are more mutual funds than stocks......if someone isn't familiar with them, it can be very confusing.

Here is a short list of total stock market EFT (exchange traded funds). These are easy to purchase, very inexpensive to own and there is no pent up tax liability as there is sometimes with mutual funds. You can open a discount brokerage account at Fidelity, Schwab, etc and purchase EFT's, stocks etc for under $10 per trade.

http://seekingalpha.com/article/3031...and-broad-etfs

MountainCock 06-14-2014 08:52 PM

Re: Good beginner stocks
 
Firstrade is $6.95 per trade.

Scottrade is a $7.00 per trade.

I have used Scottrade for two years now, after using Firstrade for over 15 years. Scottrade has better resources, and they have local offices.

Travelin 07-13-2014 07:15 AM

Re: Good beginner stocks
 
I started about 11 years ago. I wanted to start small and buy my own stocks by doing my own research. My best advice is as follows.

Look for stocks you can buy directly from the company. These are called Direct Stock Purchase Programs. DSPP. A lot of popular companies offer these options. look at their website and click on Investor Relations. Once you have found some stocks you like, look and see if they offer a DRIP. This is a Dividend Re-Investment Program. Your Dividends are automatically re-invested for you each quarter allowing you to gain more stock over time. TYou can invest as little as $25 to $50 a month or a one off payment whenever you like. You don't have to pay in monthly if you don't want to.

By going this route, you basically by-pass the broker and pay much less fees when you buy and sell. This option isn't very good if you are wanting to buy and sell quickly. They have set days they purchase your stock. And if you want to sell, it's done usually a few days or even weeks after you request it. These options are great for mid to long term investors, but you learn a lot on the way and after some time, you will feel more comfortable trading yourself.

Hope this helps.


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