Anonymous
Anonymous asked in Business & FinanceInvesting · 2 years ago

Beginners stock market share?

I have been doing a lot of research and I would like to invest in some stocks for the first time. I am going to start with around $1200CDN first and then slowly expand. I am planning to spend all the $1200 in one or two stocks (I know about diversifying but this is a small amount and I am just learning right now). What are some good suggestions on stock to buy for long term growth over the years because that is what I am planning on doing (thinking something like WMT) and something that will perform well in an upcoming recession. And is SNAP a good stock to buy right now since it is very low? Does it have good potential? Also any thoughts on tesla, amd, KO, intel, nvidia?

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  • 2 years ago

    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

    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

    You at least have made the right decision to start investing, this is the first big step and it won’t be your last. Keep taking those steps forward and along the way never take the advice from people that are not in the market or try to tell you not to invest.

    Good luck on your journey, study hard and you’ll invest well.

    Source(s): from The Street
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