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Thursday, 17 May 2007

I want to experience investin in stock/MF but i dont earn,still i have like 5-6k Rs.hw to start investin? -

hey ppl, i havent started earnin but i hv like 5-6k from my dad n some other sources,i jus wanna start up wid this money instead of jus keepin them like this...what r the pre-requisites 1 need in order to start investing???|::::|unless you have investing experience, just jumping into the stock market, especially at a time like this, could be catastrophic. i would highly recommend against just throwing your 6 grand into stocks. you should try a site like http://www.updown.com first, which lets you practice investing $1 million. investing your money wisely takes a lot of research and is not something you should rush into. as for actual requirements, you ned to be 18 to open an account with any broker, and you need a valid SSN. other than that you can pretty much start right up. remember that there are a lot of fees involved with a brokerage account and you should shop around.|::::|There are virtual stock trading games through which you can practice trading and get a feel of the risks involved in the stock markets. You can play these games and then decide upon your strategies|::::|Read Economic Times, Discuss with Friends/ Experts. Watch Financial news.. Do that for next 15 days and see if u feel confident. Dont just jump into it.. Also inquire brokerage charges from different investment companies and arrange for documents like PAN card, Identity Proof, Address proof, etc..

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