What’s the best way to get into learning about stocks? I heard about penny stocks should I start here?

4 Comments

1. MikeeyMan says:

   March 7, 2010 at 09:33

   If you are just learning, you should stay clear of penny stocks.

   Penny stocks are very risky and not subject to many of the controls that big companies on the major exchanges are subject to.

   go to http://www.fool.com. The motley fool has tons of information for the beginning investor.
2. magy says:

   March 7, 2010 at 09:34

   You shouldn’t start anywhere until you educate yourself more- I do not know a lot about penny stocks- I feel picking more expensive, but more proven stocks is a better way to go, if you’re investing long term (you don’t mention your goals here). Mutual funds are even better! Get yourself to the library or read up on line about what may be the best investment choices for you and your goals- and watch out for fees, to trade, or fees to maintain accounts, or ‘loads’ when you purchase things.
3. cbmttek says:

   March 7, 2010 at 10:04

   Vanguard Mutual Funds has a really good site dedicated to getting you educated about investing, and their mutual funds are about the best around as well.

   Go here:
   https://personal.vanguard.com/us/planningeducation/education

   And the other answers are 100% stay away from penny stocks unless you want to lose your money.
4. raysor says:

   March 7, 2010 at 11:00

   No. Investing in penny stocks is a lot different from “ordinary” investing. I would suggest avoiding penny shares initially as you stand a greater chance of losing (all) your money if you are a beginner. I suggest learning the fundamentals of investment. Top down/ bottom up, risk, diversification etc., understanding company accounts, financial ratios etc. On my website I have recommended an investment book for beginners and various journals; http://www.shareworld.co.uk/beginners.htm
   If I can get down to it I will shortly be publishing a beginners guide, perhaps in chapter instalments. I would be interested to hear exactly what people would be interested to know, and don’t say how to buy stocks that only go up!