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Elmira Nancy
Preferred Member
Cash: $ 26.90
Posts: 136
Joined: 01 Dec 2009
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| Right time to invest in the stock market |
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I know what the stock market is and that you must contact a broker. Would it be possible to have individual and direct involvement? How? Do any of you know a website that can teach "trading" and "stock-no-how"? Are the profits even worth investing in the stock market?
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Thu Mar 04, 2010 6:01 am |
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SmarterSpend
Member
Cash: $ 2.85
Posts: 13
Joined: 25 Feb 2010
Location: Los Angeles, California
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I believe NASDAQ.com has a fine tutorial on stock trading and trading terms.
"We will either find a way or make one." - Hannibal
SmarterSpend - Personal Finance and Money Management
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Thu Mar 04, 2010 8:22 am |
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oldguy
Senior Member
Cash: $ 275.70
Posts: 1316
Joined: 21 May 2006
Location: arizona
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quote:
I know what the stock market is and that you must contact a broker. Would it be possible to have individual and direct involvement?
Didn't anyone answer when you asked this the other times? 
In the 1960s, before computers, all trading was done thru a 'full service' broker. Commisions were costly, an important part of your 'buy' decisions. Several Fortune 500 companies offered DRIPs - Dividend Reinvestment Programs - so that you could buy shares directly from the company controller, and the dividends were automatically reinvested for you, all w/o a commision.
The paper shares were sent directly to you (as opposed to being kept in 'street name' by a broker). So when you wanted to sell, you had to find a broker and hand deliver the shares - and that was about as expensive as just using a broker to start with. You had to open an account, drive to their office, quite a hassle.
DRIPs are still available today - altho the 'advantages' have disappeared - you can now trade on-line for a pittance, so I doubt that many people bother with DRIPs these days. I don't.
I avoid owning stocks in individual companies - after Spiders, Index Funds, etc, were invented, they provide the same return but w/o the risk of bk's and w/o the risk of business sector failures. In my case, I made way more money after I QUIT trading and stock picking.
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Thu Mar 04, 2010 5:09 pm |
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