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What is the best way to get into the stock market?

 
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Xanthia Alysha



Joined: 26 Oct 2009
Posts: 137

PostPosted: Sat Nov 21, 2009 3:16 pm    Post subject: What is the best way to get into the stock market? Reply with quote

We already have some money in investments but I want to try the stock market. Should I use a broker or do penny stocks or something else? I don't know much about it.
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salenacaitlyn



Joined: 14 Apr 2010
Posts: 38

PostPosted: Wed Apr 21, 2010 4:48 am    Post subject: Reply with quote

Read and understand how the market works first. If investing long term use a broker. Never trade penny stocks unless you know what you are doing. Once you understand the market you can later move to an on line broker at a greater discount.Rule to follow never let the broker talk you into a mutual fund. Its money in their pocket not yours.
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jewellnessa



Joined: 22 Apr 2010
Posts: 4

PostPosted: Thu Apr 22, 2010 5:39 am    Post subject: Reply with quote

If you're a rookie in investing or stocks, go to

..finance.yahoo.com.

Open up a portfolio without using real money. You can give yourself as much or as little money to try out the market. The stocks you want to focus on is consumer staples, consumer discretionary, and healthcare. These are DEFENSIVE stocks that will survive through good and bad times. Most of my positions are in these stocks. Some names include 3M, Procter & Gamble, Kimberly Clark, Exxon Mobil, Walmart, Costco. Everybody's got to eat and wipe their butts regardless of the state of economy. Many of these companies survived through the Great Depression.
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