Candlestick Trading Blog
May 9, 2009
Investing 101
| Thinking about investing money, but are unsure of where to begin? You are not alone, especially in today's market. In today's article Investing 101 we discuss steps each new investor can take to begin investing for your future. One of the first steps you will learn in investing 101 and that that new investors take is to open a brokerage account. Brokerage accounts will allow the investor to purchase stocks and bonds, mutual funds, and other types of investments. There are fees associated with these accounts that determine not only on the brokerage firm, but the type of account, what you want to do specifically with that account, and the type of broker that you decide to use. There are full service brokers that will provide an array of services, and are more expensive. There are also discount brokers that are cheaper but they don't provide the level of service that full-services brokers provide. Basically, investing 101 tells us that newer investors may want to start of with a full-service broker, where more experienced stock traders that are more self-directed may opt to utilize the services of an online discount broker. When opening an account, be aware of the different fees as well as the commission fees, and the minimum investment required to open the account. This again will depend on the type of account you are opening and the fee usually ranges from $500 to $1,000. The process of applying for an account whether you will be investing in stocks, investing in bonds, or investing in mutual funds, is relatively simply and you can typically get them off of the brokerage firm's site online. Investing 101 will also teach you that you must not only research the brokerage firm's fees but you must also research the firm's customer service ease of use, website, etc. Call into their customer support and see how long it takes them to answer the phone. Once they answer the phone, ensure that they are courteous, knowledgeable and are able to answer your questions. This will give you a good idea of how your experience will be with them should you encounter any issues. Once you open your account you are then free and clear to begin investing your money. All firms will give you the option of paying automatically each month, in which your fee will deposit directly into the brokerage account from your checking or savings account, depending on how you set it up. This helps to invest money to start building up your equity. Continue to research other investing tips and investing basics before you take any action and good luck! Online Stock Market Reviews presented live via the internet by Stephen Bigalow |
|
 |
|
 |
|
 |
|
 |
------------------------------------------------------------------- -
0 Comments:
Post a Comment
<< Blog Home