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Wednesday, April 22, 2009

How to Buy Stocks

By Cassie H. Todd

Do you want to buy and sell stocks in order to make some extra money? Do you have any money that you could use to invest in stocks? You must have some cash first before you can start buying any investments.

You need money to start investing. If you don't have any, start saving and setting aside money each month. Find some places to cut back or use your excess income each month and try to set aside at least $100 or more per month to buy stocks and invest with.

You need to know what you are doing before you put any money anywhere. First, you must learn all about stocks and how to research them. Then you need to go ahead and research them. Don't buy stock in any company you aren't completely familiar with.

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.

When it comes to actually buying the stock, it's easier than it has ever been. You don't have to worry about getting the stock you need. You don't have to find the stock, you just need someone who will find it for you.

You need to get a brokerage firm. If you want a lot of help choosing your investments, you can go with a firm that you have an account with and meet with in person. This is good for someone with lots of money to invest and who wants lots of hands on.

If you want to save some money and you don't mind passing up the extra help with investing, you should consider going with an online broker. They offer very low fees that are very affordable no matter how much you are investing.

Make sure you have your account set up as soon as possible, even if you aren't ready to buy. You want it to be ready when you are ready to buy so that you can get the best price and make the most money. - 23222

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