To buy stocks or shares in the beginning, you need the assistance of a stockbroker who is licensed to purchase securities on your behalf..Making the picks on your own can be more time consuming, but it's the cheaper option compared to letting someone else manage your money. Fund managers almost always charge more fees than an account you mange yourself.
Beginner should keep these four questions in mind while choosing shares in the beginning
Here are these four questions to answer before hitting the "buy" button.
1.What are your goals? Outlining what you want your investments to accomplish will help guide you in the right direction
2.Should I bet it all?.Your age is an important metric to understand how much risk you should take. According to investors and experts, the younger you are, generally, the more investing risks you can take.
3. What's your schedule? How much time do you want to spend learning about stocks, bonds, currencies commodities, ETFs, REITs....you get the point.
history shows that the blue chips tend to be safer investments among individual stocks.
4. What's the cover charge or brokerage charges? Whether you go for ETFs, individual stocks or another investment, keep an eye on fees. For instance, E*Trade (ETFC) charges $9.99 per order.
