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Monday, April 27, 2009

How to Buy Stocks

By Cassie H. Todd

Are you interested in buying and selling stocks to make more money? Do you have any extra money lying around that you could invest in stocks? You need to have money to buy stocks before you can do anything else.

If you are short on cash and have no money to invest, you need to stat saving. Come up with a certain amount each month that you can save and put towards your investments. For example, you could save $200 a month and put it towards investing in stocks.

There needs to be some preparation before you buy any stocks. Don't buy anything if you don't know what you are doing yet. You need to learn how to research companies and you need to do the research first.

Before you get anywhere, learn how to do research. Read annual reports and financial statements and find out what exactly you need to know about them. Don't worry, you don't learn this stuff in high school. Do your research.

It's pretty easy to actually buy stocks. You don't have to worry about finding someone who will sell the stock you want to you. There are people out there that will do this for you. It is their job.

Start by setting up an account with a brokerage firm. For those with large amounts of money to invest and who want lots of help with their investments, you should get an account with a firm that specializes in giving a lot of help and that will meet with you in person.

If you are looking to save money and want to handle it all yourself, you can go with an online brokerage firm. Online brokerage firms specialize in offering you discounted commission rates which mean you can earn even more money.

Learn what you need to learn, do your research, and have your account set up. Then, when you know what you want to buy, don't wait, just buy it! Don't wait because you could be forfeiting gains. - 23208

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