i have save up about 2k from my part time job and im really tempted to spend it on something stupid?where can i learn to invest in buying stocks and things like that? Its only to experiment
First you should read some books to invest wisely.
Personally, I thing the best book for a beginner is The Bogleheads? Guide to Investing.
This book is written by experienced investors and they don?t try to sell you something.
1. Stocks aren?t just pieces of paper.
When you buy a share of stock, you are taking a share of ownership in a company. Collectively, the company is owned by all the shareholders, and each share represents a claim on assets and earnings.
2. There are many different kinds of stocks.
3. Stock prices track earnings.
4. Stocks are your best shot for getting a return over and above the pace of inflation.
5. Individual stocks are not the market.
A good stock may go up even when the market is going down, while a stinker can go down even when the market is booming.
6. A great track record does not guarantee strong performance in the future.
Stock prices are based on projections of future earnings. A strong track record bodes well, but even the best companies can slip.
7. You can?t tell how expensive a stock is by looking only at its price.
Because a stock?s value depends on earnings, a $100 stock can be cheap if the company?s earnings prospects are high enough, while a $2 stock can be expensive if earnings potential is dim.
8. Investors compare stock prices to other factors to assess value.
9. A smart portfolio positioned for long-term growth includes strong stocks from different industries.
10. It?s smarter to buy and hold good stocks than to engage in rapid-fire trading.
Investing in stockmarket is little a big process? the first thing is you should do some home-work, read few books, analyze the market movements & have patience. Play the markets, I mean trade the markets with play money first and then once you feel that you are confident, you can go ahead with real money trading
Well if you still want than go for virtual trading first and understand the whole procedure. For virtual trading you can go for stock market games which work just like real scenario.
Side by side apply for demat and trading account.
and start exploring internet and tv for information.
The names on our latest penny stocks list don?t come from any particular sector. Rather, they are just some of the hottest ones on the market currently that also sport solid fundamentals. Yes, penny stocks carry much greater risk than their larger, more established brethren. But, as you?ll see, one of our stocks has skyrocketed 23% in the past week, while another is up an amazing 321% in the past 12 months. You just don?t see those kinds of gains in blue-chip stocks.
Now, speaking of risk, the names on our penny stocks list might not be what you would consider ?true penny stocks.? But micro-cap pink sheet or OTC stocks that cost only a few cents per share are incredibly risky investments, which we do not advocate. These stocks are a little bigger, and therefore a little safer, but they still have the ability to continue delivering spectacular gains.
Here are seven top penny stocks to buy now:
Level 3 Communications Inc. (LVLT)
The first stock on our list illustrates the kind of amazing gains investors can make in a penny stock in a very short amount of time. Integrated communications service company Level 3 Communications Inc. (NASDAQ: LVLT) has skyrocketed 23% in the past week. And it is up 88% since the start of 2011. The stock continues to break to new 52-week highs, and potential investors should also note the company?s year-over-year quarterly revenue growth of 2% last quarter.