So I've been working a bit, and I've managed to save a bit of money, so I think it might be a neat idea to do some investing with it. Me and a few friends are thinking of pooling resources to do so economically. I'm completely new to this , but I remember that some of you guys were experienced at this sort of thing, so I might as well ask you guys at least about the basics.
I don't absolutely need the cash (due to my youth), so I'm willing to take on a fair amount of risk, but I'd prefer to get into buying and holding stock for long term growth rather then day trading. Any tips, suggestions? Any good sources of investment info (not buying tips, so much as technique). Anything I should know?
I have a few basic questions:
1. What's the best online broker to use?
2. Is there any particular exchange that's the best/easiest to use? Is it best to stick to using a single stock exchange?
3. What do the various stock stats mean?
4. What should I look out for when assessing stock for buying/selling?
5. Are there any websites that in your experience post the best information, and any that should be avoided?
6. What's the best way to keep on top of the health of the companies in my portfolio?
7. Anything Legal/Tax related I should be aware of when investing?
If you guys think there are better ways to invest savings, I'm open to it, though as a general rule I don't want to be investing in stuff that's particularly abstract and complex (I can't help but think they're a bit dangerous...).
I don't absolutely need the cash (due to my youth), so I'm willing to take on a fair amount of risk, but I'd prefer to get into buying and holding stock for long term growth rather then day trading. Any tips, suggestions? Any good sources of investment info (not buying tips, so much as technique). Anything I should know?
I have a few basic questions:
1. What's the best online broker to use?
2. Is there any particular exchange that's the best/easiest to use? Is it best to stick to using a single stock exchange?
3. What do the various stock stats mean?
4. What should I look out for when assessing stock for buying/selling?
5. Are there any websites that in your experience post the best information, and any that should be avoided?
6. What's the best way to keep on top of the health of the companies in my portfolio?
7. Anything Legal/Tax related I should be aware of when investing?
If you guys think there are better ways to invest savings, I'm open to it, though as a general rule I don't want to be investing in stuff that's particularly abstract and complex (I can't help but think they're a bit dangerous...).