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|Subject: Re: New Fool beginner||Date: 11/17/2012 10:03 PM|
|Author: culcha||Number: 259659 of 266434|
Can anyone explain to me how do you get started? Please do not respond with the recommendation of 3 core stocks. I need to know what I need to do to make a purchase. What is the process?
Well, here's good place to start. Did you read it?
Buying your first stock comes up in step 7. So there are several things to do before you get to that step... Also, some people would recommend one of these plans: (1) make your first investing purchase to be of a mutual fund (or ETF) rather than a stock; this is mainly for instant diversification; (2) start trading on paper first; keep track of your gains and losses for a while -- maybe a few months and then start with actual securities (step 7).
It's OK to go slow. As a beginner, I was in too much of a hurry. Somebody (probably on this site) said to slow down, that the market will always be there when you're ready.
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