[young_entrepreneur]

Hello! Im new to this site. I want to start investing in stocks and the such, but i have no idea what to do first.

I am very savvy with this business lingo. Its kinda confusing. but id really like to start learning about this stuff in order to gain experience and hopefully great profit!


any advice for this novice??

[pboychuk]

This is also a step I would like to take, I am kinda discouraged because it seems like everything I read says, if you dont know exactly what you are doing you are going to lose money, and if you want to learn how to become a good investor you have to learn from your mistakes by........ losing money.

So, what gives?

I suppose now is a good time to get started with the markets as low as they are.

But, I figure a good way to start learning is pick up a book, then once you have the basics down you can start investigating particulars by asking questions. This is probably what I will do when I find the time to start investing.

[SiteFlipAcademy]

Welcome to YE!

Its good to join the forum for you'll learn a lot of business ideas. Hopefully this site helps spark some ideas and gain you connections needed to start something and eventually have it come to fruition and success.

[Bill Moran]

Hi to both of you

Firstly - what do you know about Stocks and Shares?????

Secondly have you read Robert Kyosoki's books????

Have you developed a Ghost Portfolio????

This is what you would have bought and then track them, if you keep losing money you need to change you and your knowledge level.

Want to know more? If so .contact me.

Bill Moran

[topsearchresult]

Yes Bill makes a good point. There are plenty of sites out there if you want to set up a mock portfolio. We used Investopedia for my Applied Investment Management course at University.

You will no doubt make mistakes but it's best to learn them when you're young and it's only a small amount of money as compared to when your older.

If I were you I would read up on ETF's. You can get ones that track the market, so you will do what the market does. Long term the market will return 8-12%. Buying when it's down, (like now) will allow for bigger gains but takes more guts.

Best of luck.

[young_entrepreneur]

Thanks everyone for the responses. Upon reading them, I GUESS there are still tons of stuff i dont know about investing. I should read up on it.
I tried jumping the gun yesterday and tried registering for an online broker (Sharebuilder.com). Well i dont have a credit card yet,(I only have debit), and my dad handles all my checking and stuff. so I dont know! I wasnt able to get started.

What should i do?
I really want to get involved in this company, i think they are doing very well. Im just ready to start.

I think? Any thing else yo u guys can provide for me?

[RLorenzen]

I definitely recommend starting with a mock portfolio. The best way to learn trading after you have studied it in books is to learn from your mistakes and the best way to make mistakes is with fake money. Start an account at Investopedia. Play around with $10K or so and get a feel for finding good stocks, buying them, and knowing when to sell. Once you feel more comfortable with hitting that buy button, then open a real account.

[Romane]

The Bull and The Bear

[Romane]

I just setup my Entertainment Company as an LLC and now I have 1,000,000 units/shares. How much above $1,000 should I sell a share for? Email or AIM if you have an answer simplerobb@gmail.com

[RLorenzen]

Originally Posted by Romane

I just setup my Entertainment Company as an LLC and now I have 1,000,000 units/shares. How much above $1,000 should I sell a share for? Email or AIM if you have an answer simplerobb@gmail.com

I hope you understand that you can't sell shares of "stock" in a LLC per se. Shares in a LLC are called membership shares. You are free to sell these as you please, but doing so could change the structure of your LLC.

Most LLCs are member managed which obviously means its members manage it. Once you start selling shares of your LLC to many investors your LLC will have to become manager managed meaning you will have to name specific members to manage the company on a daily basis. In a manager managed LLC only the named managers can vote on day to day management issues. For all intents and purposes, your non-managing share owners will basically not have a say in how the company is run. Also, they will not be able to choose a board of directors nor sit on the board simply because a LLC does not have a board of directors.

If any of this info could be expanded on or clarified, I welcome other members to further explain since I know there are a few members on the forum with a legal background who will know more about this issue than I.

[Romane]