Yahoo Answers is shutting down on 4 May 2021 (Eastern Time) and the Yahoo Answers website is now in read-only mode. There will be no changes to other Yahoo properties or services, or your Yahoo account. You can find more information about the Yahoo Answers shutdown and how to download your data on this help page.

Confused on investing in stocks need help.?

Reading investing for dummies by Eric Tyson and he has wonderful information on strategic plays to keep your bank accounts healthy, but I m finding his advice on stocks bland. Its conflicting with things I ve learned. He says precious metals aren t worth investing in and only buy a stock if you plan on holding it for 5 years or more. Im trying to get a solid grasp of how it all works, but everyone I listen to is contradicting eachother. Ive been studying for weeks and i still feel like im in the dark. I just want a solid foundation before I invest is it just me or is it just a leap of faith for the first few investments until I find my own strategy?

Any books you recommend?

Any tips?

Thank you

3 Answers

Relevance
  • Prof
    Lv 7
    5 years ago

    Investing in stocks requires a good knowledge of the subject and should be left for experts. That's why there are so many mutual funds in existence. For most people who do not have the technical and financial background, a good way to invest in stocks is to buy shares of an index fund, such as those available from TIAA-CREF, Vanguard, Fidelity, and others. Index funds have very low fees, are highly diversified, which minimizes the risk, and if you invest the same amount at intervals, such as every month or every other month, you benefit from getting more shares when prices are low, ad fewer shares when prices are high, which in the long run ensures a lower average price and normal market returns.

  • 5 years ago

    He's got something like 50 pages on stocks. Everything from ticker symbols, to price to earnings, to reading financial reports, to reading the newspaper stock quotes, etc.

    Of course it's bland, it's supposed to be a how to, not a murder/mystery. Rarely have I read anything technical that was a page turner.

    Goodness, he's not going to pick your stocks for you. He can only give you the basics.

    Go to the bookstore, or search Amazon for books. Books on how to pick stocks are out there by the ton. Legendary stock picker Peter Lynch has written a handful of books. And I'm sure there are others.

    One Up On Wall Street - Peter Lynch

    The Intelligent Investor - Benjamin Graham.

  • gerald
    Lv 7
    5 years ago

    you can get gambling tipsters as well it's the same thing if I knew the winners what the fu** do I need to write a book for charity kind hearted stock brokers get outa here in 1929 it went bust in 2008 the brains of the outfit the banks made an unholy mess we have all paid for it ever since you are right to be confused there are no investments the world and his dog are investing in the only possible profit maker the stock market have you heard about eggs and a basket think about it the Banks are carrying this basket the brains of the outfit remember

Still have questions? Get answers by asking now.