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Help getting started (I've just opened a trading account)
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I'm new to online trading and to investing. I also don't have a lot of money. I want to start by investing maybe $200 to learn the ropes. I know it's not a lot but it makes me less nervous about losing money because of poor stock choices.
Given the amount of money I'm putting in now, do you guys have any advice on:
a) What stocks to pick or how to pick stocks to maximize my returns from such a low starting amount. Like how do you as a beginner pick stocks that will appreciate in value, especially for buying/selling in a 1-7 day time frame? I'm sure I'll know what to look out for as I gain more experience, but I'm sure I'm not using all the available resources on the internet because I'm not aware of them.
(b) I'd like to also invest on a longer time frame once I know what I'm doing. For me, a longer time frame would be 5-6 years for a bunch of personal reasons. I can probably put in around $2000 for this. Should I invest this in dividend paying ETFs or stocks to maximize my returns?
Thank you! Any advice is appreciated and I'd be very happy to get some specific (rather than generic) advice.
Thanks!
stocks etf starting-out-investing
edited 2 hours ago
Chris W. Rea
26.2k1585174
asked 6 hours ago
user34801
1061
New contributor
user34801 is a new contributor to this site. Take care in asking for clarification, commenting, and answering.
Check out our Code of Conduct.
add a comment |Â
up vote
1
down vote
favorite
I'm new to online trading and to investing. I also don't have a lot of money. I want to start by investing maybe $200 to learn the ropes. I know it's not a lot but it makes me less nervous about losing money because of poor stock choices.
Given the amount of money I'm putting in now, do you guys have any advice on:
a) What stocks to pick or how to pick stocks to maximize my returns from such a low starting amount. Like how do you as a beginner pick stocks that will appreciate in value, especially for buying/selling in a 1-7 day time frame? I'm sure I'll know what to look out for as I gain more experience, but I'm sure I'm not using all the available resources on the internet because I'm not aware of them.
(b) I'd like to also invest on a longer time frame once I know what I'm doing. For me, a longer time frame would be 5-6 years for a bunch of personal reasons. I can probably put in around $2000 for this. Should I invest this in dividend paying ETFs or stocks to maximize my returns?
Thank you! Any advice is appreciated and I'd be very happy to get some specific (rather than generic) advice.
Thanks!
stocks etf starting-out-investing
edited 2 hours ago
Chris W. Rea
26.2k1585174
asked 6 hours ago
user34801
1061
New contributor
user34801 is a new contributor to this site. Take care in asking for clarification, commenting, and answering.
Check out our Code of Conduct.
This site has a lot of advice that can be used to answer your questions; try searching your questions here and on google, and if you have a specific question you can't find an answer to, ask it again. Your broad question here is basically "teach me everything about investing", to which the answer is more or less "here are several textbooks."
– Grade 'Eh' Bacon
6 hours ago
4
This question is too broad. People wrote whole books about how to speculate with stocks. Just one advise: Before you start speculating with real money, speculate with play money. Create a spreadsheet, enter how much of which stocks you would have bought and the current price, and save it. A few months later, re-check the prices of the stocks and calculate whether you won or lost money.
– Philipp
6 hours ago
I answered a similar question recently: "No debt. Any advice where to invest saved money and what to invest in after maxing out 401k?". It was deemed a duplicate of another question, with good advice as well: "Best way to start investing, for a young person just starting their career?" Have a look at the answers in both questions - they might be useful to you.
– Lawrence
4 hours ago
add a comment |Â
up vote
1
down vote
favorite
up vote
1
down vote
favorite
I'm new to online trading and to investing. I also don't have a lot of money. I want to start by investing maybe $200 to learn the ropes. I know it's not a lot but it makes me less nervous about losing money because of poor stock choices.
Given the amount of money I'm putting in now, do you guys have any advice on:
a) What stocks to pick or how to pick stocks to maximize my returns from such a low starting amount. Like how do you as a beginner pick stocks that will appreciate in value, especially for buying/selling in a 1-7 day time frame? I'm sure I'll know what to look out for as I gain more experience, but I'm sure I'm not using all the available resources on the internet because I'm not aware of them.
(b) I'd like to also invest on a longer time frame once I know what I'm doing. For me, a longer time frame would be 5-6 years for a bunch of personal reasons. I can probably put in around $2000 for this. Should I invest this in dividend paying ETFs or stocks to maximize my returns?
Thank you! Any advice is appreciated and I'd be very happy to get some specific (rather than generic) advice.
Thanks!
stocks etf starting-out-investing
edited 2 hours ago
Chris W. Rea
26.2k1585174
asked 6 hours ago
user34801
1061
New contributor
user34801 is a new contributor to this site. Take care in asking for clarification, commenting, and answering.
Check out our Code of Conduct.
I'm new to online trading and to investing. I also don't have a lot of money. I want to start by investing maybe $200 to learn the ropes. I know it's not a lot but it makes me less nervous about losing money because of poor stock choices.
Given the amount of money I'm putting in now, do you guys have any advice on:
a) What stocks to pick or how to pick stocks to maximize my returns from such a low starting amount. Like how do you as a beginner pick stocks that will appreciate in value, especially for buying/selling in a 1-7 day time frame? I'm sure I'll know what to look out for as I gain more experience, but I'm sure I'm not using all the available resources on the internet because I'm not aware of them.
(b) I'd like to also invest on a longer time frame once I know what I'm doing. For me, a longer time frame would be 5-6 years for a bunch of personal reasons. I can probably put in around $2000 for this. Should I invest this in dividend paying ETFs or stocks to maximize my returns?
Thank you! Any advice is appreciated and I'd be very happy to get some specific (rather than generic) advice.
Thanks!
stocks etf starting-out-investing
stocks etf starting-out-investing
edited 2 hours ago
Chris W. Rea
26.2k1585174
asked 6 hours ago
user34801
1061
New contributor
user34801 is a new contributor to this site. Take care in asking for clarification, commenting, and answering.
Check out our Code of Conduct.
edited 2 hours ago
Chris W. Rea
26.2k1585174
asked 6 hours ago
user34801
1061
New contributor
user34801 is a new contributor to this site. Take care in asking for clarification, commenting, and answering.
Check out our Code of Conduct.
edited 2 hours ago
Chris W. Rea
26.2k1585174
edited 2 hours ago
Chris W. Rea
26.2k1585174
edited 2 hours ago
Chris W. Rea
26.2k1585174
26.2k1585174
asked 6 hours ago
user34801
1061
New contributor
user34801 is a new contributor to this site. Take care in asking for clarification, commenting, and answering.
Check out our Code of Conduct.
asked 6 hours ago
user34801
1061
asked 6 hours ago
user34801
1061
1061
New contributor
user34801 is a new contributor to this site. Take care in asking for clarification, commenting, and answering.
Check out our Code of Conduct.
New contributor
user34801 is a new contributor to this site. Take care in asking for clarification, commenting, and answering.
Check out our Code of Conduct.
user34801 is a new contributor to this site. Take care in asking for clarification, commenting, and answering.
Check out our Code of Conduct.
This site has a lot of advice that can be used to answer your questions; try searching your questions here and on google, and if you have a specific question you can't find an answer to, ask it again. Your broad question here is basically "teach me everything about investing", to which the answer is more or less "here are several textbooks."
– Grade 'Eh' Bacon
6 hours ago
4
This question is too broad. People wrote whole books about how to speculate with stocks. Just one advise: Before you start speculating with real money, speculate with play money. Create a spreadsheet, enter how much of which stocks you would have bought and the current price, and save it. A few months later, re-check the prices of the stocks and calculate whether you won or lost money.
– Philipp
6 hours ago
I answered a similar question recently: "No debt. Any advice where to invest saved money and what to invest in after maxing out 401k?". It was deemed a duplicate of another question, with good advice as well: "Best way to start investing, for a young person just starting their career?" Have a look at the answers in both questions - they might be useful to you.
– Lawrence
4 hours ago
add a comment |Â
This site has a lot of advice that can be used to answer your questions; try searching your questions here and on google, and if you have a specific question you can't find an answer to, ask it again. Your broad question here is basically "teach me everything about investing", to which the answer is more or less "here are several textbooks."
– Grade 'Eh' Bacon
6 hours ago
4
This question is too broad. People wrote whole books about how to speculate with stocks. Just one advise: Before you start speculating with real money, speculate with play money. Create a spreadsheet, enter how much of which stocks you would have bought and the current price, and save it. A few months later, re-check the prices of the stocks and calculate whether you won or lost money.
– Philipp
6 hours ago
I answered a similar question recently: "No debt. Any advice where to invest saved money and what to invest in after maxing out 401k?". It was deemed a duplicate of another question, with good advice as well: "Best way to start investing, for a young person just starting their career?" Have a look at the answers in both questions - they might be useful to you.
– Lawrence
4 hours ago
This site has a lot of advice that can be used to answer your questions; try searching your questions here and on google, and if you have a specific question you can't find an answer to, ask it again. Your broad question here is basically "teach me everything about investing", to which the answer is more or less "here are several textbooks."
– Grade 'Eh' Bacon
6 hours ago
This site has a lot of advice that can be used to answer your questions; try searching your questions here and on google, and if you have a specific question you can't find an answer to, ask it again. Your broad question here is basically "teach me everything about investing", to which the answer is more or less "here are several textbooks."
– Grade 'Eh' Bacon
6 hours ago
4
4
This question is too broad. People wrote whole books about how to speculate with stocks. Just one advise: Before you start speculating with real money, speculate with play money. Create a spreadsheet, enter how much of which stocks you would have bought and the current price, and save it. A few months later, re-check the prices of the stocks and calculate whether you won or lost money.
– Philipp
6 hours ago
This question is too broad. People wrote whole books about how to speculate with stocks. Just one advise: Before you start speculating with real money, speculate with play money. Create a spreadsheet, enter how much of which stocks you would have bought and the current price, and save it. A few months later, re-check the prices of the stocks and calculate whether you won or lost money.
– Philipp
6 hours ago
I answered a similar question recently: "No debt. Any advice where to invest saved money and what to invest in after maxing out 401k?". It was deemed a duplicate of another question, with good advice as well: "Best way to start investing, for a young person just starting their career?" Have a look at the answers in both questions - they might be useful to you.
– Lawrence
4 hours ago
I answered a similar question recently: "No debt. Any advice where to invest saved money and what to invest in after maxing out 401k?". It was deemed a duplicate of another question, with good advice as well: "Best way to start investing, for a young person just starting their career?" Have a look at the answers in both questions - they might be useful to you.
– Lawrence
4 hours ago
add a comment |Â
2 Answers
2
active
oldest
votes
up vote
10
down vote
You're not going to learn anything of significance by investing or trading with only $200 other than how to use the platform of your broker and you could easily do that by opening a FREE paper trading account with a broker.
There are a slew of web sites that offer stock price forecasts. What makes you think that they are any good? If they could pick winning stocks with consistency, why wouldn't they be mortgaging the farm and doing it for themselves instead of hyping touts, often with the agenda of getting you to get you to $$ubscribe to them?
What you need right now is generic advice, not specific advice. You need to become financially literate. To do so, start by reading beginner level introductory material. There are a lot of "XYZ For Dummies" books. Build a basic foundation first. Then, move up the food chain. As you understand more, seek out the more complex books in areas of the market that interest you (Equities? ETFs? Closed end funds? Mutual Funds? Options? Futures? Long term Investing? Trading? ). Read everything that you can here, at Investopedia, at Seeking Alpha. In fact, read everywhere. Until you're somewhat literate, you won't have a clue what's worthwhile versus what's BS.
Understanding financial markets is like learning a foreign language. It takes time and effort, something most people don’t want to do and as a result of failing to do so, they often lose their money. Financial markets quickly take the money of the inexperienced and uninformed. There's a lot of junk on the web. Until you learn this language, you're going to be cannon fodder.
answered 6 hours ago
Bob Baerker
11.1k11542
2
This is a good answer; I've retracted my close-vote on the question because I think this shows that it is answerable, though perhaps not in the way the asker would prefer.
– Grade 'Eh' Bacon
6 hours ago
add a comment |Â
up vote
2
down vote
Like how do you as a beginner pick stocks that will appreciate in
value, especially for buying/selling in a 1-7 day time frame?
You're going to go broke.
If you pick all the very best stocks with perfect accuracy and clairvoyance you'll likely still go broke due to trading fees.
Day trading literally has no path to success for the amount of money you're talking about. If you want to invest the $200 into learning, there's nothing wrong with that. But you will lose that money.
What you should do is buy something (preferably ETF since you can't sufficiently diversify otherwise with just $200), and hold onto it. Never sell, just buy more when you have available funds.
With that you might be able to make 10% or so per year, of which you still spend a quarter in trading fees in the first year (I don't know the terms of your account, obviously).
answered 2 hours ago
xyious
620212
From complete novice to trying to make money with short term trading. The results will not be pretty.
– Samuel Weir
1 hour ago
You're right that he's likely to go broke because 90% or so of day traders lose money. But it won't be because of commissions because traders use deep discount brokers whose fees are negligible when compared to the $$ size of the trade. His $200 would be better spent on some quality investment books and that would still be a waste of money because the library is free.
– Bob Baerker
1 hour ago
add a comment |Â
2 Answers
2
active
oldest
votes
2 Answers
2
active
oldest
votes
active
oldest
votes
active
oldest
votes
up vote
10
down vote
You're not going to learn anything of significance by investing or trading with only $200 other than how to use the platform of your broker and you could easily do that by opening a FREE paper trading account with a broker.
There are a slew of web sites that offer stock price forecasts. What makes you think that they are any good? If they could pick winning stocks with consistency, why wouldn't they be mortgaging the farm and doing it for themselves instead of hyping touts, often with the agenda of getting you to get you to $$ubscribe to them?
What you need right now is generic advice, not specific advice. You need to become financially literate. To do so, start by reading beginner level introductory material. There are a lot of "XYZ For Dummies" books. Build a basic foundation first. Then, move up the food chain. As you understand more, seek out the more complex books in areas of the market that interest you (Equities? ETFs? Closed end funds? Mutual Funds? Options? Futures? Long term Investing? Trading? ). Read everything that you can here, at Investopedia, at Seeking Alpha. In fact, read everywhere. Until you're somewhat literate, you won't have a clue what's worthwhile versus what's BS.
Understanding financial markets is like learning a foreign language. It takes time and effort, something most people don’t want to do and as a result of failing to do so, they often lose their money. Financial markets quickly take the money of the inexperienced and uninformed. There's a lot of junk on the web. Until you learn this language, you're going to be cannon fodder.
answered 6 hours ago
Bob Baerker
11.1k11542
2
This is a good answer; I've retracted my close-vote on the question because I think this shows that it is answerable, though perhaps not in the way the asker would prefer.
– Grade 'Eh' Bacon
6 hours ago
add a comment |Â
up vote
10
down vote
You're not going to learn anything of significance by investing or trading with only $200 other than how to use the platform of your broker and you could easily do that by opening a FREE paper trading account with a broker.
There are a slew of web sites that offer stock price forecasts. What makes you think that they are any good? If they could pick winning stocks with consistency, why wouldn't they be mortgaging the farm and doing it for themselves instead of hyping touts, often with the agenda of getting you to get you to $$ubscribe to them?
What you need right now is generic advice, not specific advice. You need to become financially literate. To do so, start by reading beginner level introductory material. There are a lot of "XYZ For Dummies" books. Build a basic foundation first. Then, move up the food chain. As you understand more, seek out the more complex books in areas of the market that interest you (Equities? ETFs? Closed end funds? Mutual Funds? Options? Futures? Long term Investing? Trading? ). Read everything that you can here, at Investopedia, at Seeking Alpha. In fact, read everywhere. Until you're somewhat literate, you won't have a clue what's worthwhile versus what's BS.
Understanding financial markets is like learning a foreign language. It takes time and effort, something most people don’t want to do and as a result of failing to do so, they often lose their money. Financial markets quickly take the money of the inexperienced and uninformed. There's a lot of junk on the web. Until you learn this language, you're going to be cannon fodder.
answered 6 hours ago
Bob Baerker
11.1k11542
2
This is a good answer; I've retracted my close-vote on the question because I think this shows that it is answerable, though perhaps not in the way the asker would prefer.
– Grade 'Eh' Bacon
6 hours ago
add a comment |Â
up vote
10
down vote
up vote
10
down vote
You're not going to learn anything of significance by investing or trading with only $200 other than how to use the platform of your broker and you could easily do that by opening a FREE paper trading account with a broker.
There are a slew of web sites that offer stock price forecasts. What makes you think that they are any good? If they could pick winning stocks with consistency, why wouldn't they be mortgaging the farm and doing it for themselves instead of hyping touts, often with the agenda of getting you to get you to $$ubscribe to them?
What you need right now is generic advice, not specific advice. You need to become financially literate. To do so, start by reading beginner level introductory material. There are a lot of "XYZ For Dummies" books. Build a basic foundation first. Then, move up the food chain. As you understand more, seek out the more complex books in areas of the market that interest you (Equities? ETFs? Closed end funds? Mutual Funds? Options? Futures? Long term Investing? Trading? ). Read everything that you can here, at Investopedia, at Seeking Alpha. In fact, read everywhere. Until you're somewhat literate, you won't have a clue what's worthwhile versus what's BS.
Understanding financial markets is like learning a foreign language. It takes time and effort, something most people don’t want to do and as a result of failing to do so, they often lose their money. Financial markets quickly take the money of the inexperienced and uninformed. There's a lot of junk on the web. Until you learn this language, you're going to be cannon fodder.
answered 6 hours ago
Bob Baerker
11.1k11542
You're not going to learn anything of significance by investing or trading with only $200 other than how to use the platform of your broker and you could easily do that by opening a FREE paper trading account with a broker.
There are a slew of web sites that offer stock price forecasts. What makes you think that they are any good? If they could pick winning stocks with consistency, why wouldn't they be mortgaging the farm and doing it for themselves instead of hyping touts, often with the agenda of getting you to get you to $$ubscribe to them?
What you need right now is generic advice, not specific advice. You need to become financially literate. To do so, start by reading beginner level introductory material. There are a lot of "XYZ For Dummies" books. Build a basic foundation first. Then, move up the food chain. As you understand more, seek out the more complex books in areas of the market that interest you (Equities? ETFs? Closed end funds? Mutual Funds? Options? Futures? Long term Investing? Trading? ). Read everything that you can here, at Investopedia, at Seeking Alpha. In fact, read everywhere. Until you're somewhat literate, you won't have a clue what's worthwhile versus what's BS.
Understanding financial markets is like learning a foreign language. It takes time and effort, something most people don’t want to do and as a result of failing to do so, they often lose their money. Financial markets quickly take the money of the inexperienced and uninformed. There's a lot of junk on the web. Until you learn this language, you're going to be cannon fodder.
answered 6 hours ago
Bob Baerker
11.1k11542
answered 6 hours ago
Bob Baerker
11.1k11542
answered 6 hours ago
Bob Baerker
11.1k11542
answered 6 hours ago
Bob Baerker
11.1k11542
11.1k11542
2
This is a good answer; I've retracted my close-vote on the question because I think this shows that it is answerable, though perhaps not in the way the asker would prefer.
– Grade 'Eh' Bacon
6 hours ago
add a comment |Â
2
This is a good answer; I've retracted my close-vote on the question because I think this shows that it is answerable, though perhaps not in the way the asker would prefer.
– Grade 'Eh' Bacon
6 hours ago
2
2
This is a good answer; I've retracted my close-vote on the question because I think this shows that it is answerable, though perhaps not in the way the asker would prefer.
– Grade 'Eh' Bacon
6 hours ago
This is a good answer; I've retracted my close-vote on the question because I think this shows that it is answerable, though perhaps not in the way the asker would prefer.
– Grade 'Eh' Bacon
6 hours ago
add a comment |Â
up vote
2
down vote
Like how do you as a beginner pick stocks that will appreciate in
value, especially for buying/selling in a 1-7 day time frame?
You're going to go broke.
If you pick all the very best stocks with perfect accuracy and clairvoyance you'll likely still go broke due to trading fees.
Day trading literally has no path to success for the amount of money you're talking about. If you want to invest the $200 into learning, there's nothing wrong with that. But you will lose that money.
What you should do is buy something (preferably ETF since you can't sufficiently diversify otherwise with just $200), and hold onto it. Never sell, just buy more when you have available funds.
With that you might be able to make 10% or so per year, of which you still spend a quarter in trading fees in the first year (I don't know the terms of your account, obviously).
answered 2 hours ago
xyious
620212
From complete novice to trying to make money with short term trading. The results will not be pretty.
– Samuel Weir
1 hour ago
You're right that he's likely to go broke because 90% or so of day traders lose money. But it won't be because of commissions because traders use deep discount brokers whose fees are negligible when compared to the $$ size of the trade. His $200 would be better spent on some quality investment books and that would still be a waste of money because the library is free.
– Bob Baerker
1 hour ago
add a comment |Â
up vote
2
down vote
Like how do you as a beginner pick stocks that will appreciate in
value, especially for buying/selling in a 1-7 day time frame?
You're going to go broke.
If you pick all the very best stocks with perfect accuracy and clairvoyance you'll likely still go broke due to trading fees.
Day trading literally has no path to success for the amount of money you're talking about. If you want to invest the $200 into learning, there's nothing wrong with that. But you will lose that money.
What you should do is buy something (preferably ETF since you can't sufficiently diversify otherwise with just $200), and hold onto it. Never sell, just buy more when you have available funds.
With that you might be able to make 10% or so per year, of which you still spend a quarter in trading fees in the first year (I don't know the terms of your account, obviously).
answered 2 hours ago
xyious
620212
From complete novice to trying to make money with short term trading. The results will not be pretty.
– Samuel Weir
1 hour ago
You're right that he's likely to go broke because 90% or so of day traders lose money. But it won't be because of commissions because traders use deep discount brokers whose fees are negligible when compared to the $$ size of the trade. His $200 would be better spent on some quality investment books and that would still be a waste of money because the library is free.
– Bob Baerker
1 hour ago
add a comment |Â
up vote
2
down vote
up vote
2
down vote
Like how do you as a beginner pick stocks that will appreciate in
value, especially for buying/selling in a 1-7 day time frame?
You're going to go broke.
If you pick all the very best stocks with perfect accuracy and clairvoyance you'll likely still go broke due to trading fees.
Day trading literally has no path to success for the amount of money you're talking about. If you want to invest the $200 into learning, there's nothing wrong with that. But you will lose that money.
What you should do is buy something (preferably ETF since you can't sufficiently diversify otherwise with just $200), and hold onto it. Never sell, just buy more when you have available funds.
With that you might be able to make 10% or so per year, of which you still spend a quarter in trading fees in the first year (I don't know the terms of your account, obviously).
answered 2 hours ago
xyious
620212
Like how do you as a beginner pick stocks that will appreciate in
value, especially for buying/selling in a 1-7 day time frame?
You're going to go broke.
If you pick all the very best stocks with perfect accuracy and clairvoyance you'll likely still go broke due to trading fees.
Day trading literally has no path to success for the amount of money you're talking about. If you want to invest the $200 into learning, there's nothing wrong with that. But you will lose that money.
What you should do is buy something (preferably ETF since you can't sufficiently diversify otherwise with just $200), and hold onto it. Never sell, just buy more when you have available funds.
With that you might be able to make 10% or so per year, of which you still spend a quarter in trading fees in the first year (I don't know the terms of your account, obviously).
answered 2 hours ago
xyious
620212
answered 2 hours ago
xyious
620212
answered 2 hours ago
xyious
620212
answered 2 hours ago
xyious
620212
620212
From complete novice to trying to make money with short term trading. The results will not be pretty.
– Samuel Weir
1 hour ago
You're right that he's likely to go broke because 90% or so of day traders lose money. But it won't be because of commissions because traders use deep discount brokers whose fees are negligible when compared to the $$ size of the trade. His $200 would be better spent on some quality investment books and that would still be a waste of money because the library is free.
– Bob Baerker
1 hour ago
add a comment |Â
From complete novice to trying to make money with short term trading. The results will not be pretty.
– Samuel Weir
1 hour ago
You're right that he's likely to go broke because 90% or so of day traders lose money. But it won't be because of commissions because traders use deep discount brokers whose fees are negligible when compared to the $$ size of the trade. His $200 would be better spent on some quality investment books and that would still be a waste of money because the library is free.
– Bob Baerker
1 hour ago
From complete novice to trying to make money with short term trading. The results will not be pretty.
– Samuel Weir
1 hour ago
From complete novice to trying to make money with short term trading. The results will not be pretty.
– Samuel Weir
1 hour ago
You're right that he's likely to go broke because 90% or so of day traders lose money. But it won't be because of commissions because traders use deep discount brokers whose fees are negligible when compared to the $$ size of the trade. His $200 would be better spent on some quality investment books and that would still be a waste of money because the library is free.
– Bob Baerker
1 hour ago
You're right that he's likely to go broke because 90% or so of day traders lose money. But it won't be because of commissions because traders use deep discount brokers whose fees are negligible when compared to the $$ size of the trade. His $200 would be better spent on some quality investment books and that would still be a waste of money because the library is free.
– Bob Baerker
1 hour ago
add a comment |Â
user34801 is a new contributor. Be nice, and check out our Code of Conduct.
user34801 is a new contributor. Be nice, and check out our Code of Conduct.
user34801 is a new contributor. Be nice, and check out our Code of Conduct.
user34801 is a new contributor. Be nice, and check out our Code of Conduct.
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This site has a lot of advice that can be used to answer your questions; try searching your questions here and on google, and if you have a specific question you can't find an answer to, ask it again. Your broad question here is basically "teach me everything about investing", to which the answer is more or less "here are several textbooks."
– Grade 'Eh' Bacon
6 hours ago
4
This question is too broad. People wrote whole books about how to speculate with stocks. Just one advise: Before you start speculating with real money, speculate with play money. Create a spreadsheet, enter how much of which stocks you would have bought and the current price, and save it. A few months later, re-check the prices of the stocks and calculate whether you won or lost money.
– Philipp
6 hours ago
I answered a similar question recently: "No debt. Any advice where to invest saved money and what to invest in after maxing out 401k?". It was deemed a duplicate of another question, with good advice as well: "Best way to start investing, for a young person just starting their career?" Have a look at the answers in both questions - they might be useful to you.
– Lawrence
4 hours ago