I have recently developed an interedt in the stock market, though i cant pick a stock to save my life?
Answers:
Mad Money on CNBC. Weekdays at 6pm and 11pm. That is a good place to start. It will help you see what's hot and what's not. As well as an expert opinion on long term and short term investments. Also if available in your area try Investor's Business Daily.
What helped me learn about the stock market was the Motley's Fools Guide. Or you can go to the website http://www.fool.com/
Hope this helps and good luck!
Individual stocks represent the highest risk. You need to buy mutual funds, which diversify the risk. See www.daveramsey.com and also msn money. Another good one to look at is bankrate.com Don't mess with things of which you have no knowledge. The market is brutal.
If you want to invest a sizable portion of your life to trying to pick the best possible stocks to invest in, go ahead. There are lots of guys with lots of training and experience that are trying to do the same thing as an occupation, with mixed results.
My career isn't in "picking stocks", so I realize I can't spend the time to do all the research and don't have the expertise to know what to do with the data anyway. So I invest in Index Funds, through Vanguard (though Fidelity or Schwab is just about as good). I just hop onto the stock market as a whole and go for the ride and spend my free time on other things that I like to do.
I don't fault you, though, if you're genuinely interested in what makes a stock likely to outperform its peers. Don't expect that your study is going to turn you into the next Lynch or Buffett, though -- you'll probably do worse than an index fund (because you'll be paying more in trading fees and capital gains taxes).
Doug
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