Advice for beginner in share/stock investing

M

marfsmal

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157
Hi there,

I'm new to investing. I have been reading the FT every day, Reuters website and some others to get a broad idea of things and I was wondering if anyone might have some other recommendations?

For example, I've been wondering basic things, like what time do all of the stock markets actually begin trading? Is there an online account you can use in Ireland, or could you use something like zecco.com? Also, how do you know what the 'seller-dominated' markets are?

I'd appreciate any advice guys, thanks.

Marf
 
1) read all the previous posts.
2) read the investment books listed in the previous posts.
3) avoid sharewatch like the plague
 
Investing is easy - choosing the time to sell your investments is the hard bit.
Each time you review your investment you should ask for each investment you hold "would I invest at today's price". If the answer is no, then you should sell.
Follow the trends. If an investment has been going up in recent weeks, then the most likely direction for next week is up. If it has been going down, then it is likely to go further down. Do not expect it to bottom out.
 
Buy shares when no-else wants them...sell those shares when everyone wants them...

that's the advice I would give.
 
If you have an AIB current account you can buy shares online through internet banking. However, you have to set this up first and can take about 3 weeks. The option is on the left hand side of the page when you log on to AIB online. They charge €32 per transaction.
 
Marf,
Regarding some of your questions..The UK market opens at 8am and closes at 430pm. There is an opening auction that commences at 750am and finishes at 8am (which determines the opening prices)..there is a closing auction at 430 ( finishes 435). The US market opens at 230pm and closes at 9pm (our time)..My advice to you is the same advice I would give any other novice: Get yourself an account with a professional trader to guide you. Online accounts have nice and cheap commissions but what good is that if you can't trade profitably!!

marfsmal said:
Hi there,

I'm new to investing. I have been reading the FT every day, Reuters website and some others to get a broad idea of things and I was wondering if anyone might have some other recommendations?

For example, I've been wondering basic things, like what time do all of the stock markets actually begin trading? Is there an online account you can use in Ireland, or could you use something like zecco.com? Also, how do you know what the 'seller-dominated' markets are?

I'd appreciate any advice guys, thanks.

Marf
Click to expand...
 
I'm in a similar situation to yourself, i.e. planning on moving into stockmarket investing in the near term. I'm planning on doing lots of reading before I do anything, like at least for the next year. It's clear that there are numerous competing investment methodologies (buy and hold, value investing, day trading etc.) and you should research to pick the one best suited to your circumstances. This is the hard part and deserves a lot of research. I'm leaning towards the "Random Walk" investment methodology as I think it suits my circumstances, i.e. I have limited time and bandwidth to do technical analysis etc. You owe it to yourself and your future to do your research. I would suggest reading the following:

http://www.amazon.com/Neatest-Little-Guide-Market-Investing/dp/0452289211/ref=sr_1_1?ie=UTF8&s=books&qid=1224760756&sr=1-1

http://www.amazon.com/Random-Walk-Guide-Investing/dp/039332639X/ref=pd_bbs_sr_3?ie=UTF8&s=books&qid=1224760693&sr=8-3

http://www.amazon.com/Random-Walk-Down-Wall-Street/dp/0393330338/ref=pd_bbs_sr_1?ie=UTF8&s=books&qid=1224760693&sr=8-1

I am more or less convinced by the "Random Walk" approach given my personal circumstances (age, risk tolerance etc.). I am currently researching it to the next level and looking at "Asset Allocation" strategies.
 
raven said:
I'm in a similar situation to yourself, i.e. planning on moving into stockmarket investing in the near term. I'm planning on doing lots of reading before I do anything, like at least for the next year. It's clear that there are numerous competing investment methodologies (buy and hold, value investing, day trading etc.) and you should research to pick the one best suited to your circumstances. This is the hard part and deserves a lot of research. I'm leaning towards the "Random Walk" investment methodology as I think it suits my circumstances, i.e. I have limited time and bandwidth to do technical analysis etc. You owe it to yourself and your future to do your research. I would suggest reading the following:

http://www.amazon.com/Neatest-Little-Guide-Market-Investing/dp/0452289211/ref=sr_1_1?ie=UTF8&s=books&qid=1224760756&sr=1-1

http://www.amazon.com/Random-Walk-Guide-Investing/dp/039332639X/ref=pd_bbs_sr_3?ie=UTF8&s=books&qid=1224760693&sr=8-3

http://www.amazon.com/Random-Walk-Down-Wall-Street/dp/0393330338/ref=pd_bbs_sr_1?ie=UTF8&s=books&qid=1224760693&sr=8-1

I am more or less convinced by the "Random Walk" approach given my personal circumstances (age, risk tolerance etc.). I am currently researching it to the next level and looking at "Asset Allocation" strategies.
Click to expand...

Would also add to that list...

"The Little Book of Common Sense Investing" by J C Bogle
"Devil Take The Hindmost" by Edward Chancellor
"The Four Pillars of Investing" by William Bernstein
"Your Money and Your Brain" by Jason Zweig
 
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