If you are wondering, "should I be buying stocks without a broker, there are two things to consider.1) It's cheaper/easier/faster/etc... to do it myself; or 2) A good broker can be a valuable asset.Let's look at the first option. When the market is roaring, as it has in 27 of the last 35 years, it's hard NOT to consider the "do it yourself" option. There are hundreds of resources and many of them can be quite useful. Every person who wants to sell their newsletter/webservice/book or research report will tell you there is no point in paying a commission. They will gladly "give" you the "two/five/ten best stock picks" in return for paying them for their reports. Why pay a commission when you can pay them direct? The point is that nobody works for free!The downside of doing it yourself is the emotional side of investing. Somebody writing a web report from across the country cannot take your personality into consideration. They are not there when your portfolio takes a dive because you … [Read more...] about Should I Be Buying Stocks Without a Broker?
I want to buy stock
Standard junk emails always find their way into my inbox everyday, even though I have never made a request to have them sent to me. I can often find an email that is encouraging me to buy stock as soon as possible. I can't help but wonder about the origin and the genuineness of these emails.I'm not really sure that these emails that sound like they come from someone who wants you to get in on a good deal are not scams. I don't know why anybody would want to share a great money making deal with the world. I always have a bad feeling about a company that is trying to get someone to buy stock.People are hoping that they will earn an income when they buy stock. It would be a bad idea to get your stock tips from spam emails. If you do, then you should ask yourself why you think this would be good information.You may find that you lost everything you worked hard for if you buy stock because someone sent you an email. When there is a reason why the stock is low and not selling, you can be … [Read more...] about Some Things You Need To Know Before You Buy Stock
I love it when kids buy stock. It shows a lot of the kind of person he or she is going to turn out to be in the near future. A business person ready to encounter the real world and not afraid to do so by himself or herself. The kind of person that will become a leader in a globalized world; someone very important in circles of society and that people turn to for advice. Because it is them that get the experience of how to manage everything they set their minds to.Even so, I think a good place for kids to buy stocks to start is through penny stocks. As I've said in many other articles I've wrote, penny stocks are extremely beneficial in the short and many time in the long term. Even if it weren't so, I would still encourage people that want to start investing in the stock market, especially kids, to start with penny stock picks because of the great educational advantage it brings with the experience.Difficult but not Impossible. For kids though, it may be difficult at first investing in … [Read more...] about Kids Buy Stock: But They Need Help
One of the best ways to make a nice profit is buy low and sell high.The stock market is ideal to do this, however you need to know how to buy stocks.Some people are doing it wrong and they lose money. Sit back, relax and take some time to read this advice on how to buy stocks. Don't worry buying stocks is not difficult at all.Tip 1 # Stock brokerSigning up with a stock broker is the first step you have to take.You can find a lot of stock brokers online. Make sure you read every letter of their terms and services very careful.You don't want to find "hidden fees'.A few respected brokers are Scottrade, Ameritrade and Saxobank.Tip 2 # Deposit.If you would like to trade stocks you will have to spend some money.Send your broker a deposit so that he can purchase your stocks.How much you have to deposit depends from company to company.Some brokers don't even need a deposit.Tip 3 # Fill in formsMake sure everything is all right when it comes to taxes. Your broker will send you some forms. … [Read more...] about How To Buy Stocks – 6 Tips How To Buy Stocks
Sooner or later many investors come across the concept of buying on margin, or using borrowed money to purchase stock to get extra oomph in their portfolio. But new investors should think twice before taking the plunge.Brokers are only too happy to lend you money to buy stocks and bonds if you open a margin account. You have to put up only part of the securities' price, and your broker lends you the rest. You just sign a couple of forms, and your broker runs a routine credit check on you. Brokers are eager to approve your application because margin accounts lead to more business and higher profits for them.You can come out ahead in rising markets because you put up only 50 percent of the cost of your stocks and 25 percent of the cost of your bonds. So your money works at least twice as hard for you. The interest that you pay on your margin loan is not only relatively low but is also deductible from your taxable income up to the amount of your net investment income for the year.Consider … [Read more...] about Should You Buy Stocks on Margin?
If you have been looking to buy stock you have come to the right place. There are many different ways that you can begin buying stock, none of which is any easier or any quicker to get started than by opening an account with an online broker. There are many reasons why a person might want to go this route, but let me just name a few for you.First of all, you can do the trading on your own and from the comfort of your own home. There is nothing quite like opening up your trading account to buy stock in the morning, placing a trade and then seeing it go for a winner. A full day's work in often times mere minutes. That is the life of many traders.Also, in addition to being able to buy stock on your own, you can also start with a very small account size, as you are testing the waters. This will differ from online broker to online broker, but I have seen account minimums as low as $250. If you can't come up with at least that much, you might want to save up until you can. This will also … [Read more...] about Buy Stock – The Best Way For You to Buy Stock