View Full Version : Whats the stock market? How do you play?


mairzydoatz
09-30-2004, 02:56 AM
I want to start doing it!

boogityman
10-11-2004, 11:49 PM
Its a market where you can buy and sell proportionate ownership in companies. You have to start by opening a brokerage account, like those offered by Fidelity and Schwab. If you don't feel comfortable with individual stocks you can buy mutual funds, which are big pools of stocks. tb

MD
10-23-2004, 08:42 PM
It's not a game

melgonzsbcglobalnet
11-04-2004, 05:35 PM
its a lot like playing Russian roulette with a pistol that has only one round in the chamber. its not for the weak at heart.the stock market was not designed to go up 300 points one day & then down 250 points the next day.good luck, you will need it.

MarieK
11-16-2004, 02:27 PM
Standard investment advice is that you should invest in a diversified mix of stocks, bonds, and money market funds. You want to buy a diversified portfolio of stocks as individual stocks are too risky. Most folks have a dificult time buying a properly balanced portfoilio of stocks on their own. They will misbalance their portfolio by buying all small stocks or all growth stocks, or some other misbalanced assortment of stocks. Unless you know what you are doing, it is best to buy mutual funds. I like Vanguard.com, other people like Fidelity, TIAA-CREF, and DFA. Buy no-load, low cost funds. If you are like most people you will invest part of your money aggressively in stock funds, and part conservatively in money market funds and bond funds. Vanguard has an on-line questionnaire which will give you an idea of how to do "Asset Allocation," determining how much to put in each type of fund.If your company offers a 401K plan at work, try to invest the most you can. The money grows tax free, and some companies will match your contribution. Investing in a mutual fund IRA is also a good idea. If you have children, you may want to consider a 529 plan or other college savings plan that grows tax free.I like index funds. Because of their broad diversification, you are less likely to have a dramatic drop in value. They also have the lowest expenses. For stock funds, I would suggest putting ~70-80% of your money in the Vanguard Total Stock Market Index Fund. and ~20-30% in a foreign stock index fund. However, there are many different opinions out there on what the best mutual funds are. Read the links below and form your own opinion.If you have high-interest debt, like credit cards, it is best to pay this off first before trying most of the investment ideas above. You should also have 3-6 months of salary saved up as an emergency fund in a bank or money market fund before trying more risky investments. Believing advice you get on Yahoo answers can be risky, so read these websites for further information. If you find it too confusing, contact a professional financial advisor. They will charge you significant commissions, however. Sources: http://www.vanguard.com/VGApp/hnw/planningeducationhttp://www.fool.com/school.htm http://sec.gov/investor/pubs/assetallocation.htmhttp://www.diehards.org/readsites.htmhttp://finance.yahoo.com/education/begin_investinghttp://finance.yahoo.com/funds/basicsAsset Allocation Calculators(Determining how much to put in stocks and how much into bonds and money markets is a personal decision depending on your financial status. These Asset Allocation questionaires give you a rough idea how to do this. I like Vanguard best, but try some of the other sites as well.)https://personal.vanguard.com/VGApp/hnw/FundsInvQuestionnaire?cbdInitTransUrl=https%3A//flagship.vanguard.com/VGApp/hnw/planningeducation/educationhttps://ais2.tiaa-cref.org/cgi-bin/WebObjects.exe/DTAssetAlcEvalhttp://www.ifa.com/SurveyNET/index.aspxWeb forum: http://www.diehards.org/(Many investment web forums are overrun by scam artists. This one seems the most legitimate site.)529 plans: http://www.savingforcollege.com

beebs
11-28-2004, 11:20 AM
The stock market is where ownership shares in Publicly owned corporations are bought and sold. The New York Stock Exchange (NYSE) is one such market.You must use a licensed broker to buy and sell shares for you. e.g. Merrill Lynch, UBS, Ameritrade, Scottrade.You do not PLAY in the stock market. You invest in the stock market. Please read "invest" as "gamble".There are lots of places to learn details and basics. Try Wall Street Journal or Investors Business Daily (www.investors.com) for good basic info.