|Forum - Gurus Answer Questions
||Gurus answer your questions about the art of trading.|
|From: stocksforthewin (Rep: 0) reply to Masterpiece021||Date: 10/02/2018 18:29|
|Forum: Gurus Answer Questions - Msg #645||Thread #674028919 (Rec: 0) |
|Re: Im new to investing but also dont make a lot of money but I want to get into ...|
Best option if you have little money to start would be to paper trade. This method is used to learn how to trade so that you don't lose all of your real money.
Grab a pen and paper, make up a number (example $10,000 US). Then find a stock you want to trade. Write down the name of the stock, the date, how many shares you are buying, and how much it will cost you. Then watch the stock through any one of the websites that quote stocks (such as finviz.com). Then when it hits the price you want, write down that amount and see how much profit you made. Do this for a couple of months while saving any real money you are making. If you are profitable on paper for three months straight, then go ahead and open a brokerage account. If you still have very little money, then buy a full share (not fractional) of the company that you want. I'd recommend choosing a company that you are familiar with that you think will still be around in a few years. I'd recommend learning as much as you can. If you don't have time, then choose a good mutual fund.
NOTE: This message was originally posted on 2018-10-02 18:15:27 by the stocksforthewin.
| Reply to Masterpiece021 - Msg #642 - 08/19/2018 15:09|
I’m new to investing but also don’t make a lot of money but I want to get into investing so with that said.....I have to start somewhere. I started investing in stash as on a few days ago. Once I have enough money in my portfolio I plan on buying two full shares. My question is this. Are fractional shares worth? Would I make more on my returns buying 1 full share(apple)vs multiple fractional shares? How much of a difference?
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NOTE: This message was originally posted on 2018-08-19 13:21:22 by the Masterpiece021.
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