Your Questions About Investing Tips

Jenny asks…

Can someone give me some tips for investing in shares?

John answers:

As they say, “Don’t put all your eggs in the same basket”. Invest in companies with a sound background, so that you have good returns on your investments. Have patience, don’t be greedy and understand the market – this will surely lead to you being successful in trading. To understand the market, it would be good to take help from a good brokerage firm. My dad’s brokerage partner is Sushil finance http://www.sushilfinance.com/ from the last 5 years. You too should look for a reliable partner.

Paul asks…

I want to start investing in stocks and shares. Any helpful tips?

I’m a complete novice. Any good websites would be helpful. thanks

John answers:

You should do a search on past questions similiar to yours.

I would recommend that you invest through sharebuilder.com and vanguard.com. But for choosing the right investment, you should consult a certified financial planner.

Donald asks…

Any tips or books for someone who is getting into investing?

Im 18 years old and I realize it would be a bad idea to just jump in.

John answers:

You get a lot of credit for not just jumping into something you nothing or very little about

Before you invest in any security, the first investment you should make is in yourself, and the best investment you can make is by educating yourself.
Start your education by learning why you should invest and the importance of being able to make your own decisions or how the pro’s make theirs.

Here is some reading material that can get you started in the right direction,
Beating the Street by Peter Lynch
Bulls Make Money, Bears Make Money, Pigs Get Slaughtered, by Gallea
From Riches to Rags, by I.C. Freeley
Millionaire Traders, Lein & Schlosberg
How to Make Money in Stocks” by William O’Neil
24 Essential Lessons for Investment Success by William O’Neil
The Intelligent Investor, by Benjamin Graham
Common Stocks, Uncommon Profits, by Philip A. Fisher
One Up on Wall Street by Peter Lynch
Stocks for the Long Run, by Jeremy Siegel
The Interpretation of Financial Statements by Benjamin Graham
The Warren Buffett Way by Robert Hagstrom
Trading for a Living, by Alexander Elder
What Works on Wall Street by James O’Shaunessey
You Can Be a Stock Market Genius by Joel Greenblatt
Your Money and Your Brain by Jason Zweig

Get into the habit of making daily visits to some websites like MSN Money and Yahoo Finance. (http://moneycentral.msn.com/home.asp , http://finance.yahoo.com/

Other website that can provide instructions and help with procedures and terminology are Investopedia – http://www.investopedia.com/ http://www.investorshub.com/
Visit some of the more professional websites like Zacks Research – http://www.zacks.com/ Smart Money – http://www.smartmoney.com/ Schaeffer’s http://www.schaeffersresearch.com/ Some of these web sites will have advertisers who are worth looking into also. And remember, if they offer free information, get it. Or you can meet others who are trading at http://www.moneyshow.com/main.asp

Attend all the free seminars you can, just be careful and don’t get pressured into anything you really don’t want or need. Most schools offer courses in finance and economics, but very few will have courses on the mechanics of the investment markets, if they do try taking the course. You may want to consider on-line courses, the New York Institute of Finance use to have such courses. Try to get some fee information from the stocks exchanges they all have (had) free booklets, SIAC and some of the regulators (FINRA SEC MSRB CBOE) may provide some free literature.

And when you think you want to invest/trade, try some paper trading to test your skills without spending you money http://simulatorinvestopedia.com/ and/or http://www.tradingsimulation.com/

You at least have made the right decision to start investing, this is the first big step and it won’t be your last. Keep taking those steps forward and along the way never take the advice from people that are not in the market or try to tell you not to invest.

Good luck on your journey

Charles asks…

Investing on the stock market – any tips?

I have £5k I’m wanting to invest in the stock market. Ideally I would like to buy individual shares. Does anybody have any recommendations?

John answers:

My main recommendation is read this first:
http://www.fool.co.uk/investments/investments.aspx

Especially this series of articles if you’ve no prior experience investing in shares:
http://www.fool.co.uk/Investing/guides/When-Not-To_Invest.aspx

Some tips (purely for your research):
Tesco (TSCO)
Domino’s Pizza (DOM)
Fisher(J) & Sons (FSJ)
http://quote.fool.co.uk/

Steven asks…

Investing tips for a college bound senior?

Anything from stock market to bonds or mutual funds. Doesn’t matter

John answers:

You may wish to ask your question in the Y!A Investing category for better information.

If you do have more than enough money to cover all of your college/university expenses, then I recommend you meet with a well-respected investment counselor in your area and receive professional investing advice from him/her.

The well-respected investment publication Barron’s publishes an annual Top 100 list of financial advisers. Perhaps you will find someone in your area on their list, here:
* http://online.barrons.com/report/top-financial-advisors/100

Personally, I wouldn’t accept any investing tips from perfect strangers on Y!A. 🙂 I would rather seek advice from someone living and working in financial investing in my immediate area – preferably someone who has successfully worked in finance for a long time.

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Best wishes

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