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Stock Exchange??? How do I invest?
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02-20-2014, 01:28 PM
Post: #5
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What you're looking to do is to invest in stocks that are traded on an Exchange, you're not going to be an investor in the stock exchange. To invest in a stock exchange, you must be at least 18 years of age, registered with the SEC, purchase an exchange membership (approx $250,000) deposit your investing capital (another $50,000), show proof of insurance, obtain a clearing agreement with another B/D - approx nother $50,000.
Don''t worry what to wear when you go there, - I wore jeans & a tee short bu t I was known by most of the committee. But you're not ready for all this, just start with opening brokerage account when you're 18. In North America you must be 18 to have a brokerage account in your name, but a parent can open custodian account using your social security nimber and when you turn 18 the assets in the account can be moved to an account in your name. In the meantime, you never to young to start learning about the markets and the various products traded in those markets. Before you spend $0.01 on any investment, you must know what you’re doing, why you’re doing it and how to do it. 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. Begin 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. Start your education by reading “Investing or Dummies†by Eric Tyson. To continue your education select some of the following 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 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 Uncover the Secret Hiding Places of Stock Market Profits by Joel Greenblatt. 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 Websites that can provide instructions and help with procedures and terminology are Investopedia - http://www.1source4stocks.com/info/stock...pinion.asp or Smart Money http://www.smartmoney.com/ Visit some of the more professional websites like Zacks Research - http://www.investors.com/default.htm?fromad=1 Some of these web sites will have advertisers who are worth looking into also. And remember, if they offer free information, get it. And when you think you want to invest/trade, try some paper trading to test your skills without spending you money http://www.moneyworks4me.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, study hard and you’ll invest well. |
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Stock Exchange??? How do I invest? - John - 02-20-2014, 01:10 PM
[] - A nobody - 02-20-2014 01:28 PM
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