I need some serious help with stocks and investing!

@rebelmel (1386)
United States
July 29, 2009 6:09pm CST
I recently signed up for an e*trade account under the impression from my boss that it was set up so that anyone could become an investor pretty easily. I deposited a bit of money that I can play with, that wont hurt me financially if I lose it in hopes that I could figure out a bit about investing. The problem is, I don't know where to begin. I am hoping that someone can give me a little one on one help through an email, but if not, I was also looking for any sort of advice, or links to forums, or videos, pretty much anything that would get me going in the right direction. I am looking for any sort of constructive advice on this topic, so feel free to comment if you have something to say. The only responses I do not want to see would be ones that say "Sorry, I do not know anything about investing" because I will mark those as negative comments as I am looking for help, not who knows how to invest. Thanks!
7 responses
@LouieWpHs04 (4555)
• United States
2 Aug 09
Don't invest in places like starbucks? That's about all I can tell ya'! Companies like that are super hot at the beginning but once they're around for a while and already hit their "brink" point, they won't really show any sign of growth or at least, not much of it. Follow up on the news of the given companies you want to invest in. If something big happens with them, or they're releasing some of or new product that you think would be popular, that might be the time to invest. Most of it's common sense, really. It's common sense mixed in with unneccesary lingo is how I see it. However, the markets now are very unstable so who knows what could happen. There are also 1cent stocks you can invest in, and the thing with them is you can probably invest in a bunch without it really costing you much and if one get's super hot you'll more then earn your money back & if all else fails, you might be out a tiny bit. It's low-risk and might be where you would want to start before entering into the big-time stocks. I also recommend looking into sites that allow you to play around with "fake stocks" as in sites that have a stock site you can test around with & invest play money before actually investing real money to get an idea of how it works. I found this site through a few searches, http://www.howthemarketworks.com/ I dunno if it's any good but it's a supposed place where you can practice 100% free & the best way to learn how something works is to try it out without any risk. Trial and Error is the best way to learn.
• United States
2 Aug 09
Oh, well. Uhh. Don't they have any E-trade guides on the actual E-trade site? For as big of a site as it is I would be suprised if they didn't.
@rebelmel (1386)
• United States
4 Aug 09
They do have some help guides on the site, but nothing that is actually helping me! I need a guide for the absolute beginner, and they don't seem to have one of those!
@rebelmel (1386)
• United States
2 Aug 09
My major problem is actually physically buying a stock on etrade. There are other fields with choices I have to make before I can buy a stock, and I have no idea what they even mean! I wouldn't want to choose the wrong option and royally screw myself, and I can't seem to find any etrade tutorials!
1 person likes this
@divkris (1156)
• India
30 Jul 09
The best thing in your case is to look for a good stock broker. I'm sure you will have many trading companies that will have brokers availabel for their customers. Once you get a good hold of the market and understand the trick of the trade you can start trading independantly :)
@rebelmel (1386)
• United States
30 Jul 09
I am pretty sure that the whole thing that looked good from afar regarding e*trade was that you were supposed to be able to do everything from your home and on your own, I just don't understand any of the lingo yet. I don't have the money to afford a stock broker, I only invested a small amount so far in hopes that I can learn a bit from e*trade.
@rebelmel (1386)
• United States
2 Aug 09
I checked that link, and I didn't really see anything that would help me. I am seriously just not sure how to buy a stock. There are other options with the "buy feature" and I don't understand which choices I am supposed to make. I could just guess, but that could result in me losing my money or something!
@divkris (1156)
• India
31 Jul 09
i have another suggestion - go online and just check this link - https://us.etrade.com/e/t/toolsandresearch Look for it online and I'm sure this is the easiest way to understand all about it.
@eshaan (6188)
• India
4 Aug 09
Dear friend, i am at forex...and can suggest you only forex, forex ,forex and nothing else ...its not as a force...i am doing pretty good at it and have learned a lot working in it from last 6-7 months and i know one thing that this is the best way to earn fastest on net than any other...if you need any help in this case i am always there to help u out, enjoy !!!
@rebelmel (1386)
• United States
4 Aug 09
Honestly, I am not very sure what forex is! Can you help me out? I would really like to start earning online using stocks, because I am pretty good at math and it sounds so interesting! I have recently found myself unemployed, so I have a lot of time which I can spend on earning from the internet. If you would like to help me, I would like to learn! Send me a PM and I can give you my email address!
@lilybug (21107)
• United States
30 Jul 09
I have an e*Trade account, but I have yet to invest anything in it. My sister and one of my brothers have money in an e*Trade account and they play the market a little bit. They just pick a company that they have actually heard of that has a low share price and buy in. After the stock has gone up a little bit my brother pulls his original money back out and invests the profit back into the same stock. Then all the money he gets from re-investing is basically free money. That is how he sees it.
@lilybug (21107)
• United States
30 Jul 09
It sounded a bit confusing to me at first too. Maybe that is why I have not done anything with mine yet. I think what you have to do is pick a price that you are willing to buy the stock at and if it is available then you can get it. I think there are a few times when the stock my brother wanted to buy was not available. I will ask though the next time I talk to him.
@rebelmel (1386)
• United States
30 Jul 09
Thank you so much! I look forward to hearing back from you! Maybe we can figure this e*trade thing out together!
@rebelmel (1386)
• United States
30 Jul 09
Yeah, that's basically what I want to do while I read up on investing and stuff so I can eventually have a decent amount of money to invest at some point. My problem is, I don't know how to buy a stock. There are a few options that you need to pick from to buy something, and I can't figure out what settings to pick. Do you think your sister or brother would be able to tell me HOW to buy a stock? I find it so confusing! Thanks for your response, good luck with E*trade, for you!
• United States
30 Jul 09
My parents taught us to invest with something you currently use. Be that food, cars, electricity etc. For example if you eat cereal watch the Kellogg's stock for awhile. If you drink Coke or Pepsi watch those. If your drive a Honda watch that. You get the idea. It stands to reason if it is something you use, then others will too. Invest only what you can afford to lose. Start small even 1-10 shares and watch it.
@rebelmel (1386)
• United States
30 Jul 09
I actually already know of a few stocks I plan to invest in, but I can't even understand the controls on E*trade, so I am not even sure how to purchase the stocks! There were a few that my boss mentioned that he invested in that he was really successful with, and one of those has been constantly growing, but still very cheap, so I think once I figure out how to actually purchase one, then I will be alright, I think.
@jeadams7 (69)
• United States
2 Aug 09
I was always told to start with something really cheap for practice. There are a lot of stocks that are less than a dollar each that you can start with that will allow you to learn and possibly earn a buck or two here or there. You're used to the slow earnings and learning from your posts that I have read, so I'm sure it would be a great way for you to get started. I am going to try to locate a few example stocks that would be good to research that are under a dollar and probably invest a little myself.
@rebelmel (1386)
• United States
2 Aug 09
My major problem is I don't even know how to buy that initial stock! There are about six other fields you need to pick something from while buying, and I have no idea what to choose! I am thinking I am going to do some research online today and see if I can't figure it out! I am really antsy to get started!
• United States
2 Aug 09
Most stocks you have to buy with a "Limit" pricing option so basically you are setting the limit or highest amount you will pay for that stock. When the stock becomes available you will then "purchase" it and it will be yours.
• United States
30 Jul 09
im right there with you if you find anything out yourself could you please send the info my way too
@rebelmel (1386)
• United States
30 Jul 09
Yes, definitely! Trading is so difficult for me! I know nothing about it, although, I am considering buying "Investing for Dummies" in hopes that it will help.