Anyone who knows anything about stocks could give me a little more of an insight to what and how to do it correctly? Thank you!
Man, tons to learn. I say a book that helped me a bunch was "Learn to Earn" by Peter Rothschild, pretty easy reading without getting too complex. Then I would google up one of those sites that allow you to start a trading account and use fake money, almost like an online game. I think you'll learn a ton by trading, even if it's not real money at first.
And I guess you'll have to figure out if your in it for long term investing for retirement/wealth, or if you're gonna try to be a day trader. From what I hear, day trading is a lot harder, you have to be more educated, and you can lose your wad a lot faster. The closest I got to day trading was I signed up and followed a guy on the "Marketfy" platform. It was $500 a year to sign up, and they text you alerts to buy and sell this many shares at whatever price. It was pretty fun, almost intense. They would text while I was at work and I'd be logging in to my account and be buying and selling stuff while trying to work at the same time. And I actually make money by following what they texted, although I didn't learn much. I ended up cashing out my stock market money at the time to buy a commercial property so it's been a while since I've done it, but I'd like to do it again sometime.
Tremon - Motley fool is a popular service that I have subscribed to for a very long time. The website itself is free And they have paid services like Stock Advisor ( most popular). I started here and learned over time. Like anything it takes time and patience to learn.
@Royston Lobo Ahhh ok gonna check it out! Thanks a lot!!
@Andy W. Ahhh ok I see good read! I'm gonna look into that also, I wanna expand my portfolio and stuff so I wanna learn a little but more and invest in that also, appreciate it!
Hey Tremon, there's a lot of fantastic resources out there. I would hesitate against buying any courses right off the bat that aren't specifically focused on how to analyze a stock.
YouTube has many great videos. Let me know your interest level and Ill link some names.
In the meantime, Patrick Boyle has a great video about 10 books to read if you're just jumping into the markets or are simply interested in the markets. You will learn a ton from just those books.