Investing In Stock - Coming Soon
There are two ways to learn about investing: reading and actually doing it.
If you are interested in investing in stock, I would suggest you pick out a couple of good books and thumb through them. You can look at my reading list for ideas on a few good books. It is always good to try to get an idea of what you are getting into.
The next step would be to save up a little extra money to get you started. Ideally, you will put aside a little each month to invest. It may be hard at first but in the long run it is well worth it. It will be a joy to see your dividends increasing faster than your salary. When your dividends grow higher than your salary, that will be a real joy.
Finally, you need to set up an account with a broker. I would go with an online/discount broker. Full service brokers really don't offer you anything useful. You can get lots of free research material from discount brokers. Also, full service brokers really aren't that qualified to give you financial advice. Actually, they are not qualified at all. To be a financial advisor, you have to get certified. To be a broker, you don't even need a high school diploma. I don't know about you, but I feel a lot more comfortable doing my own research than getting info from someone who is less educated. Full service brokers costs too much. Period. It is hard enough to try and keep costs down with a discount broker. Last but not least, they also have no incentive to give you good advice. Brokerage firms make money off of fees (commissions) and not on whether or not you make any money. They make money even if you don't.
If you are interested in investing in stock, I would suggest you pick out a couple of good books and thumb through them. You can look at my reading list for ideas on a few good books. It is always good to try to get an idea of what you are getting into.
The next step would be to save up a little extra money to get you started. Ideally, you will put aside a little each month to invest. It may be hard at first but in the long run it is well worth it. It will be a joy to see your dividends increasing faster than your salary. When your dividends grow higher than your salary, that will be a real joy.
Finally, you need to set up an account with a broker. I would go with an online/discount broker. Full service brokers really don't offer you anything useful. You can get lots of free research material from discount brokers. Also, full service brokers really aren't that qualified to give you financial advice. Actually, they are not qualified at all. To be a financial advisor, you have to get certified. To be a broker, you don't even need a high school diploma. I don't know about you, but I feel a lot more comfortable doing my own research than getting info from someone who is less educated. Full service brokers costs too much. Period. It is hard enough to try and keep costs down with a discount broker. Last but not least, they also have no incentive to give you good advice. Brokerage firms make money off of fees (commissions) and not on whether or not you make any money. They make money even if you don't.
