Online Stock Investing
May 17, 2006 by
There are many websites which offer the opportunity for online stock investing. Even though online investing offers discount prices and you can very easily invest, nevertheless you need to first know something about investing in stocks. You should have a read a good how-to book on the
subject first. Also, you should budget your investing, and not invest more than you can afford. You should decide what percentage of your income you will allow for investing. With any type of investing, you should not invest more than you can afford. In addition, you must decide what percentage of earnings that you re-invest and what percentages should go into a savings or money market account.
You should decide this budget matter before investing. Say, you decide you can afford to invest 5%-20% of your income. You also can decide if you would prefer to invest as an individual or as an "investment club." There are many "investment clubs." You might also decide to invest a percentage in mutual funds and a percentage in stocks.
What is the advantage of online investing? Online investing companies allow you to invest directly and on your own. Also, they charge very little per trade, some as little as $4 per trade. However, again, you need to learn as much as you can yourself about stock investment. We recommend the book and Stock Investing for Dummies by Paul Mladjenovic and Investing Online for Dummies by Kathleen Sindell, both available from Amazon.com:
Stock Investing for Dummies
http://www.amazon.com/exec/obidos/ASIN/0764554115/freelanceagen-20/102-9850981-8223315
Investing Online for Dummies
http://www.amazon.com/exec/obidos/ASIN/0764503367/freelanceagen-20/102-9850981-8223315
You should decide this budget matter before investing. Say, you decide you can afford to invest 5%-20% of your income. You also can decide if you would prefer to invest as an individual or as an "investment club." There are many "investment clubs." You might also decide to invest a percentage in mutual funds and a percentage in stocks.
What is the advantage of online investing? Online investing companies allow you to invest directly and on your own. Also, they charge very little per trade, some as little as $4 per trade. However, again, you need to learn as much as you can yourself about stock investment. We recommend the book and Stock Investing for Dummies by Paul Mladjenovic and Investing Online for Dummies by Kathleen Sindell, both available from Amazon.com:
Stock Investing for Dummies
http://www.amazon.com/exec/obidos/ASIN/0764554115/freelanceagen-20/102-9850981-8223315
Investing Online for Dummies
http://www.amazon.com/exec/obidos/ASIN/0764503367/freelanceagen-20/102-9850981-8223315
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