Question by Keith: What are some excellent stocks to invest in on Scottrade?
I am 18 years old and I would like to commence investing. I am going to open a Scottrade account with $ 500. What are some good firms I need to invest in or some guidance on how to make excellent investments?
Very best answer:
Answer by Frequent Sense
Before you open an account. Before you take into account what to trade…….
Be smarter than most. Learn the fundamentals. Read some books. Never ever (ever) take stock guidelines from any person (specially strangers, whose qualifications and motives can never ever be recognized). Choose what kind of investor or trader you want to be. The 2nd most significant mistake you can make, as a new trader…. is to purchase stocks trading less than $ ten a share. Do more than $ 20…… Getting ten shares (or 3, or five etc) is always “OK”.
If you never understand the fundamentals… you are going to spend lots of money in standard, avoidable mistakes. Scottrade is an above typical broker….. much better than ETrade, Sogo and a couple of a lot more. In a year or two… you may possibly discover moving on to a much better broker is a excellent concept.
Start off with books from the Dummy series.Then move on to more particular books. Never ever cease attempting to learn how to invest or trade.
Very good luck!
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