Does anyone do their own stock trading / investing? I am looking for advice to get started on a very, very small scale. Thanks!
Seemenow
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You might look for an investment club to join. You learn a lot and buy stock as a group. Another idea is to buy DRPs (Dividend Reinvestment Programs). You can generally buy them directly from the company and your dividends are applied to purchasing more stock. You don't have to pay stock broker fees for this.
We manage our own Roth IRA's through Vanguard.com. We don't own any single stocks, just mutual funds. Mutual funds are managed by somebody who really knows what they're doing, and they contain lots of different stocks from companies of different sizes, locations, and industries so you get a lot of diversification. It's important not to put all your eggs in one basket--that's how people lost their entire retirement savings with Enron--they had only Enron stock. Had they diversified by owning different stocks or mutual funds, they'd only have lost the small portion that was Enron stock.
ShareBuilder from ING DIRECT: Investing Made Easy
Check the price divided by earnings or PE on any stock you buy. The lower the better. If you buy a dividend stock, check to see how long they've been posting dividends.
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