Quick Wealth Network - Investing..?

Investing..?

Hi, I'm interested in buying some stock....I'd like to be able to buy it online.. and I'm wondering if anyone know's of a good website that accepts paypal that I can buy/sell shares. Thanks

Public Comments

i don't think any of them do you need to have a bank account so you can transferr funds from one to the other.
There are alot of good online brokers, but just make sure you look at the fine print...fees and what not. Take a look at Charles Schwab...low broker fees and you get benefits of being with a financial services leader. Oh and also, you prolly won't be able to use your paypal deal to buy your stock. Usually most brokers will need you to have the cash in your trading account before you can buy. Want a stock tip? ADP...great company with like 80% market share. Good luck.
I don't know that there are any that accept paypal. If you want to invest in stocks, move the money from your paypal account to a checking account, then you will be able to invest in stocks through an online broker. I recommend tdameritrade.com or scottrade.com.
You should honestly look into aid4families.com as an investment strategy. I am doing extremely well with it.
The short answer to your question is to open a brokerage account. Most brokerages offer online trading. But before you do that, there are other things you should consider. Ask yourself these questions: 1. What is my goal? Are you an active investor? My rule of thumb is that active investing can get you a 15% annual return—if you take some risks, act to avoid large losses, get some help from the rising economy, and don’t make any huge blunders. The issue is not whether you “made 28% on that trade,” but the return that you can consistently obtain. Anyone claiming they can do better is an expert trader or running a scam. Versus a passive “buy-and-hold” approach, investing yourself offers market knowledge, greater safety, and higher returns. However, it is a learned skill—not taught in schools. Investing is a tradeoff between risk and reward. Young people can take large risks because they have lots of time to recover from a blunder or crash. Invest in risky stocks at age 60 and you can lose your entire retirement wealth, as did many people in 2000/2001. Assume that your money grows tax-free in an IRA, that you start with $40,000 and add $3500/year to it. At 15% per year, your account will reach to $2.06 million in 25 years. Starting from zero, I invested 4000/year in two IRA’s over 17 years in ($4000/year at the time) and built the total investment of $68K into over $400K with the help of some very good years in the late 90’s. 2. What do I buy and sell? Avoid stocks. Two reasons: high risk and your time. Stocks are subject to company risk—announcements of accounting fraud, fired CEO’s, bad earnings—that create wide price swings. This volatility makes you to buy and sell too often. To limit risk, you need to invest in as many as 20 stocks. Unless you have the time to research company prospects, monitor daily, and time your buys and sells precisely, you are likely to lose more often than win. Meanwhile, commission costs will eat into your profit. Buy funds. Effectively you are “outsourcing” the research, diversification and trading of stocks to professional managers who trade in high volume at lower costs. Their research is more thorough and they are on the job 24/7. When you consider risk, funds perform better than stocks. They have lower volatility, and require less trading, yet aggressive funds can deliver annual gains above 30% . 3. How do I generate high returns with funds? Search for the best. It’s true that most funds don’t beat the S&P 500. But great stock pickers who run the best-performing funds beat the S&P 500 handily. You can hold them for long periods before they must be sold. Use online tools to find the top funds. You can find them using comparative charts and selecting those with the best low-volatility/high-performance trade off. The best tools for this are the Morningstar Premium Fund Screener for mutual funds and the Wall Street Journal ETF screener for ETF’s. Your mutual fund candidates should be open to new investors, have no loads or commissions, have reasonable fees and be available at your broker. 4. How do I manage risk? Diversify among funds. Buy low volatility funds that don’t move in the same direction at the same time, typically a mix of domestic and international equity funds, some bond funds and real estate (REITS). Sell in downtrends. Diversification is insufficient in a sharp sell-off. Limit losses to less than 10% or you may not recover for years. Also, selling gives you the cash to buy the new fund leaders that emerge when the recovery begins. 5. How long do I hold funds? Read trends. Stock and fund prices don’t vary randomly. They run in trends because investors have a “herd instinct” When buying starts, institutions pile on and drive up prices. When causing successively higher prices. Then they all get nervous and the same thing happens in reverse. Trends are visible with powerful charting tools available free on the Internet or through your broker. Chart patterns often predict where fund prices will go because investor behavior repeats. Buy in uptrends, hold in sideways or base trends, and sell in down trends. Plan to sell before you buy. Charts give you prices at which trend reversals are apparent, allowing you to set sell stops. Consider news, market sentiment, and volatility. Trends can reverse instantly, so you won’t always win. Being aware of market moving news and sentiment toward the economy can tell you whether a trend is likely to continue. These factors also help identify bear markets, when you must get out and change strategy. 6. How do I maximize gains? Minimize trading. In a choppy market, following trends too closely creates too much trading, causing slippage, as you buy back what you just sold. Reduce trading by holding a core set of funds that you hedge against losses during major downturns. Control your emotions. Whether trading stocks or investing in funds, your timing is critical. If you get nervous or greedy, you’ll sell too soon or buy too late, chasing the market, losing on every trade. Disciplined investors act on a plan, not emotion. Get the right brokerage. You are making your own decisions, buying mutual funds and ETF’s. You don’t need advice or handholding from a full-service broker. You do need a broker that has a wide selection of mutual funds. Cut your taxes. Try to get all your money into IRA’s, particularly Roth IRA’s, since your money is not taxed when you take it out. If you must, use 401K’s; however you will have fewer fund choices. Put any money you can’t shelter from taxes in a standard brokerage account.