Your Questions About Investing Tips For Beginners

Jenny asks…

What are the BEST shoes for advanced beginner rock climbing?

I have climbed in my past, like at summer camp and birthday parties, but this summer I really began climbing more. I go to a indoor climbing gym a couple times a week, and want to join a team, so I want to invest in a good pair of shoes and a harness.
I’m 15 and have fairly narrow feet, so what are some good brands? Are laced up better than velcro? What other gear should I consider buying? Any other tips would be awesome!
Thanks in advance!

John answers:

The best shoes to get are shoes that fit your feet along with the type of climbing you plan on doing. Different brands and models will fit different people. La Sportiva are known to be more narrow while 5.10 are wider. Since you are still a “beginner” I would stear away from the overly agressive shoes with a down turned toe. You dont need them yet and they wont help you develop good climbing technique on less steep routes you will be climbing at your current skill level. I would suggest an entry level shoe. Make sure you try them on and get a feel for them. Also, make sure you have an experienced climber help you with your choice. They will be able to help you choose the size based on the construction of the shoe. Some shoes will stretch as much as a 1/2 size over a very short time, while others wont stretch much at all. So you will want to keep that in mind as you are trying them on. Laced shoes offer the ability to “customize” the fit but adjusting the laces at the toes, half way up, and at the top while slippers provide an easy on/off. Velcro is the best of both words. You cant get them on as quickly as slippers. And you cant customize the fit as well as laced. Keep this in mind while you are making your purchase.
Other gear:
To save yourself money over time, get yourself a harness (again, fit is everything so try them on and actually hang from a rope in them before deciding), chalk/chalkbag, and if your local gym charges you to rent belay devices, invest in an ATC & large locking carabiner. That is all you really need to get started climbing indoors.
In the end, proper fit is priority 1!
-Good luck

Laura asks…

looking for someone with experiance with stocks?

alright im trying to do some research on investing on stocks and i need some tips that would be use full for a beginner

John answers:

Open a share dealing account with a broker most high street banks have this option or you can open one online, you have the option of advisory or execution only. Advisory is more expensive as you pay the broker for their opinion. Execution only is cheaper and you make the decision whether to buy or not after doing research.

Sources of research include BBC,CNN,Bloomberg, Investors chronicle and numerous other websites including company websites that you intend to invest in.

I would suggest using a fantasy portfolio first to learn the ropes then invest with hard cash.

Good luck its not as easy as it seems

Betty asks…

Interested in learning about buying stocks, but clueless.?

I’m wanting to learn how to ease my way in to buying stocks. I know that there’s a lot to learn. I’m wanting to find inexpensive ways to invest. I am disabled and live on a fixed income, so I have to start out small (very small) and work my way up.

I know that a lot of people recommend certain books, but I can’t do that. I’m visually impaired, and even have a hard time reading large print books. Are there any sites with easy to understand instructions/guidelines/tips, etc for beginners?

Also, what are some good trading sites to use for someone wanting to start out small? Little to no fees, no minimums, reliable, etc if any exist?

Any help or advise would be greatly appreciated.
And to a couple people that replied. I do not plan on investing more than I can afford to lose. That’s why I said I need to start very small. (I was thinking $20-$50 just to start with). I wouldn’t dare invest so much that I would be screwed if I lost it.

John answers:

You don’t need books. You need resources. These can be in the form of folks like myself who have learned the ways of the market and manage to make every year a profitable one. And it can also be your broker, provided you’re not reluctant to ask for help.

I spent 4 to 5 years legally blind and most of my vision was restored about three years ago following four surgeries. I know what it’s like to have to depend upon Metrolift to be brought to a supermarket or the zoo. And I remember using two pairs of drug store readers at the same time, along with hand-held magnifiers. I also know the despair of feeling like a forgotten soul.

There’s a big “however.” coming:

I also know that with discipline and dedication and very little money, it’s possible to regain your footing and become a viable person once again. It will mean sticking your neck out and embracing great risk. Small amounts of money don’t grow into big amounts of money without accepting risk. There’s a lot to be learned, a lot to be studied, a huge amount to be questioned (and answered) and the path is littered with obstacles. But the journey is possible if you want it badly enough.

I can’t read your essay above and dismiss it. In a way, I feel as though I have a spiritual obligation of sorts. After all, you’re in the same boat I was and I’ve been able to climb out of the abyss. I owe you something, I figure.

This is what I propose:

Click my stage name (Len). It will bring you to multiple pages detailing all answers I’ve given. Click the ones particular to investing. You’ll find answers provided by a number of well qualified, equally helpful people. I want you to read all the responses, not just mine. When you come upon a response you believe is really on the money (no pun intended. LOL), explore that person’s answers, too. In this way, you’ll find a lot of useful baseline information at your fingertips. You can set up a file to organize types or categories of topical information.

When you believe you’re ready to take your first baby steps, email me or someone else if you prefer. Explain that you’re visually impaired and are seeking some guidance as to how to gain basic knowledge of how the stock market operates, that you have reason to believe you might be able to carve out a place for yourself. Ask for help and see what comes of your request.


Donald asks…

I need an expert on the stock market, I am a beginner.?

I know the basic information about stocks like what they are, but I do not understand what all the numbers mean when looking at stocks. Like what do all these numbers mean?:

Please help, i have about a month until i invest in my first stock.
Any tips I need to be successful?
Also, how much money can the average person make in stocks in about two or three months?
Thank you for anything you have to say.

John answers:

Please read this answer I wrote to another yahoo answers user about what the numbers mean.
In that question I explained what the yahoo finance numbers mean, but these numbers would apply if you looked up the same stock in google.

Here is the answer to read about what the numbers mean:;_ylt=Appe7nG6ZsoPKc4VRdyGFfvsy6IX;_ylv=3?qid=20111019143223AAO5Erv

BTW, i did not explain beta but beta basically says if you multiply the beta number times the s&p 500’s return for a period of time (beta is actually a measure of the stocks movement compared to the whole market) that should be the return for the particular stock for the period of time.

Making sense of beta:
google’s stock price is $583.67. Lets say the s&p 500 goes up 1% tomorrow. The google stock would be expected to go up to the price given by this formula: $583.67(price) * 1.14(beta)* 1.01(s&p500 percent change).

S&p500 and dow jones industrial index are two index’s which measure market movement as a whole.

The best tip I can offer is invest in stocks that will increase their earnings… (increased earnings in the present or future raises a stock’s price, there is an advanced formula for calculating a stocks price… You probably would need to take a finance class to understand it)… I recommend if you do not know the increase in earnings of companies that well that you invest in dividend stocks. Dividend stocks pay you to hold the stock from the company’s money.

I would recommend an etf to invest in instead of just one stock. You should diversify your investments to reduce risk. You could invest in the SPY which is a fund that invests in the components of the s&p 500.

Or you can find dividend stocks here.

How much money you make in stocks depends on a stocks performance and market performance.
This is why i recommend dividend stocks. If you invest $10,000 in a stock and the dividend rate is 5% you will surely make $500 profit for holding that stock for 1 year. As far as 2-3 months, the money you make will depend on the change in price for the stock. If the stock goes up 10% and you invested $10,000 you made $1000. This is how the stock market works, what makes stocks go up is increases in earnings, increase in demand for the stock, and buyout speculation. Stocks are treated like pieces of a company, when you own a share you own a part of a company. So when you sell a stock its like selling a part of the company to another person. The price you get will depend on the value of the stock you sell, which can increase from the previous reasons I mentioned.

I wish you well in stock market investing future. Be careful with your money, stock market can get addicting because you earn money when investing. Don’t go invest in companies without doing research… Which I informed how for you earlier in this post with a reference to the other question I answered.

Lizzie asks…

Celestron C9 1/4-SGT (XLT) Questions?

I am in the middle of upgrading scopes from my Meade ETX-80at-tc to a scope thats good for beginner astrophotography and that will last me a long time. I have done an imense amount of research on mainly Celestron scopes since I wasn’t too pleased with my Meade. I have a 35mm fully manual camera and hopefully i want to invest in a DSLR thats not too much (around 400-500$) if anyone can help me or show a good camera and even some beginner astrophotography tips that would be awesome.
Also I have chosen this C9 1/4-SGT (XLT) because next school year I will be a Junior in High School and will be doing an individual research/class on Astrophotography that I will present to a crowd of people. So i can use all the tips you can give me to have some sucess with Astrophotography, i know most of it is trial and error but i am willing to work hard at anything i do.

John answers:

I don’t think that you can get a dslr for that kind of money unless it was used, but then buyer beware. If you only have that kind of $, then maybe you should consider a CCD imager.

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