Difficulty: Moderately Challenging
Things You’ll Need:
- Computer
- Investment software (optional)
- A job
Step1
Determine your budget. Don’t worry if you don’t have a lot of money. On-line investing sites are designed to be the poor man’s stock market. If you choose to invest in anything other than stocks such as options or mutual funds, find out what these items are and how they work. A good place to learn about these things is investopedia.com.
Step2
Check out some of the investment websites listed below and get familiar with their rules of investing.
Step3
Do research on the stocks that interest you. Do not choose a stock simply on the basis that it looks “sexy”. If the Hollywood Glamour Co. looks like it is losing money and the Big Fart Co. is making money, which stock would you choose?
Step4
Log on to the investment website of your choice to begin your investments. Always diversify and never put all your money into one stock. Forming an investment club in your neighborhood is also good idea.
Step5
Begin investing. You will be paying a commission on each investment you make, but the commissions are very small.
They will probably ask you when you would like your investments to take place. Choose the date that’s as soon as possible.
Step6
When you feel that the stock has run its course and you want to put your money some place else, do so and the eHow staff hopes you makes lots of money.