How Do I Get Started in the Stock Market?

You would like to invest some of your money. You want to plan for your retirement. You want to make some additional money. You ask yourself, "How do I get started in the stock market?"

What are stocks?

When you buy stocks, you are buying little pieces, or individual shares, of ownership in a company. If the value of your stock rises, you will make money. Otherwise, you could lose money or break even, depending on what the value of your stock does. If you own 100% of the available stocks in a company, guess what? You are the owner. Getting started in the stock market can seem complicated, so naturally you ask, "How do I get started in the stock market?"

How much will it cost to invest in the stock market?

How much it will cost will depend on how many shares of stock you want to buy and how much shares of stock cost. It is possible to open up an online account to buy stocks from a brokerage company for as little as $5. If you want to request quotes for a particular stock, you will receive an ask price, which is the lowest price a particular stock could cost you and a bid price, which is the most you could hope to sell the stock for.

How do I know which stocks to buy and how much money can I make?

There are more than 8,000 stocks available, so it is not surprising you wonder, "How do I get started in the stock market?" There are a lot of ways to determine which stocks are the best to invest in:

o Get advice from financial experts, like a broker.
o Invest in the same stocks that your retirement money is invested in, if you are making money.
o Listen to the advice of experts on radio, television, and in newspapers and magazines.
o Buy stock in successful companies, those whose stock value has been typically increasing.
o Read online sites about the stock market and take a class or attend a seminar about investing in
stock market.
o Read online reports of individual companies filed with the Securities and Exchange Commission.
o Consider the stocks of local companies you trust.

Typically it is not unrealistic to make 10% on your stock market investments, if you invest in companies whose stock value usually increases.

Develop Financial Goals

Talk with a broker and financial expert to determine how much money you would like to and need to make. Look at what you need to make money for-retirement, or some other reason. If you are married, talk everything over with your spouse. Be prepared to hold onto any stock you buy for at least three years, maybe five, before selling.

Discount Brokerage

It is good to get advice from a trusted financial advisor, but if you learn enough about stocks that you feel comfortable investing, you can do an Internet search for discount stock brokers and invest yourself and save money on brokerage fees.

Lucy Bushman is an accomplished niche website developer and author.

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