Originally Posted by darksideofjae
Hey guys. Im thinking about gettting into the world of the stock market. I see how lucrative it can be if u make the right choices. My question tonite is this; I know nothing so what are some things i should look for and how do i get started. If you have any pointers it'll be greatly appreciated as well.
Thanx
Jae
My point of view is, don't go with mutual funds, usually the rollover is above 75% which is not good, as the mutual fund then pays fees, and taxes! It's hard for anyone to give you advice as no one really knows your level of knowledge about stocks. I would recommend reading some books on the subject, first of read scholar text books, it will teach the terms, as well as the option you have! Stock, options (put and calls), T bills ect...
Then why not pick up a book based on Warren Buffets strategies, here a good one its called "the warren buffet way". Great book, and as you probably know Warren is the most popular investor around.
The most important thing i could tell you(and i have been successful in the stock market) is not to get influenced by others! Do your own research (very time consuming) and invest in a small number of company... the saying don't put all you eggs in the same basket is taken to seriously in investing (that means don't invest in like 100 company keep it simple, easy to follow read everything about one company that you own). But obviously don't invest all your money in 1 company eigther!
Well that is my opinion, and my advise I know a lot of people out there will tell you the contrary, and it is up to you to decide! Good luck!