Originally Posted by lidspinner
i wish I knew more about this stuff....I am so dumb when it comes to stocks and investing my money....I would love to get some advice on how to start small, and I mean really small, so I can learn on my own and not feel raped if I lose my investment....then as I learn and teach myself, hopefully more options will become available and I can actually learn from people like you all on here...but right now it looks like I am reading a forum in arabic or chinese or some foreign language.....haha.....
if anyone wants to give me some advice on where to start and what to start with I would appreciate it...I understand this is not something you learn in a years time, its a lifetime of learning, but I really do have a "itch" to start learning how to invest, even if it is in small amounts. I am open to all ideas and advice..
Just do it. If you have the funds available, you can set up a very inexpensive brokerage account through an online broker(TD Ameritrade, Schwab, ETrade, Scotttrade.) Once you have done that it is pretty simple to trade, its just finding the right stocks. Cyclone mentioned a Boglehead philosophy that I don't agree with fully but its something to consider. You can get your hands on all types of investment publications. Some are good and some not so much, if you have a kindle you can get all kind of investment books for around $1-2. I like to read Kiplinger, Money, SmartMoney and Fortune just for ideas. I also enjoy watching Jim Cramer (gasp) just to get his take on things and also for ideas.
Its one of those things that you learn a lot more when you are acutally doing it, than when you are on the sidelines looking at it. Personally I think its something that you need to create your investment philosophy, get as much information as you can handle, and make your decisions based upon that.
Oh, if you have a 401K max out the company match. Its free money.