Eddie asked in Business & FinanceInvesting · 5 months ago

How can I get started with stocks?

I’ve downloaded thinkorswim and Robinhood. I find Robinhood easier to use. But I wanted to get info or help from those who are more advanced in stocks. I’m tired of my low income job and want to get into stocks to use as another source of income. Any help or tips would be greatly appreciated.

Update:

Wasn’t looking for anyone to educate me either lol read the question correctly how to get started meaning what do others find easier to understand and comprehend the stocks market. Thanks for the reply though.

Update 2:

Yeah great job anon! My English is good. You’re too dumb to answer my question. If you weren’t you’d just try helping a dude out and move on. It’s obvious I know nothing about stocks which is why I’m asking that. Move on peasant 🥴

4 Answers

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  • 5 months ago
    Favourite answer

    Based on my 40+ years on Wall Street, and starting investing while in grade school, I submit the following you your benefit.

    Like anything you do in life, to be successful you need to know what you're doing, why you're doing it, how to do it and have a basic understanding of the rules & regulations that govern what you're doing.

    Opening a brokerage account or having access to a trading platform CAN NOT and WILL NOT help you be successful in the market.

    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 and make sure you have the money to do it. Also, you must have an understanding of the rules & regulations that govern what you’re trying to do. 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 for 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

    The Little Book Common Sense Investing – John Bpgle

    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.investopedia.com/ http://www.investorshub.com/ and 1 Source for Stocks

     - http://www.1source4stocks.com/info/stock-analyst-o... or Smart Money

    http://www.smartmoney.com/

    Visit some of the more professional websites like Zacks Research - http://www.zacks.com/ Schaeffer’s http://www.schaeffersresearch.com/ Investors Business Daily - 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://simulatorinvestopedia.com/ http://www.moneyworks4me.com/

    and/or http://www.tradingsimulation.com/

    After you feel comfortable with what you're trying to do, visit the Web sites of some of the more popular brokerage firms. So if you feel comfortable with what you see on line and look at the cost and/or charges. 

     When you are ready to go, just open an account with the firm using their on-line services. Please remember, the cheapest is not always the best. Even though you’re opening an account on line. you can always call the firm's "customer service" area for help

    I'm not educating you, just giving you a route on how to be a successful investor based on experience.

    Source(s): from The Street
  • 5 months ago

    Neither provide much stock trading support tools.

    Here's another piece of valuable information - free trades are not free. 

    Robinhood and the rest that provide free trades do not make money on ads - they make money on your transactions.  They are able to manipulate your trades so that they are (legally) able to make money on it - this means that you might not be making money on it. 

  • martin
    Lv 7
    5 months ago

    You should find an investment adviser at a well-known investment firm and let him or her handle the investments by diversifying your stocks, probably beginning with mutual funds.

  • Anonymous
    5 months ago

    No one here is going to give you a comprehensive investing education.   Entire books are written on the subject.

    Do you have a specific question? 

    Go visit sites like Fidelity and Vanguard and The Motley Fool.   Read books.   Learn what a stock is, how to value it, how to read a balance sheet, what earnings per share are, what a PE is, etc.   The information is readily available.  

    What you learn about investing is equal to the amount of effort you put into learning.   You can't just sit there and expect people to spoon feed you.

    ETA:   I DID read your question.   "what do others find easier to understand and comprehend the stocks market"    It's jibberish.

    And your other one, "How can I get started with stocks?" is too broad and vague to be answered.   

    Go back to school and learn basic English. 

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