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Caution is a Good Trait For Beginning Investors

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Old June 25th 09, 11:17 AM posted to misc.invest.canada
Oscar Thompson
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Posts: 11
Default Caution is a Good Trait For Beginning Investors

How you buy stocks has changed an awful lot in the last decade. You
used to have to have a broker and call him or her up to make a trade.
Most everything was done over the phone or in person and that included
opening the account and discussing your investment needs with the
broker. If you were new to investing, having to do those things could
have been quite intimidating.
Now though, with the computer and Internet so involved in all our
lives, investing and trading stocks has change dramatically. Investing
online has gotten extremely easy and some might even argue that it has
gotten too easy. Where as before you had to have contact with a real
person, now you never have to see, hear, or speak to anyone and it can
all be done very anonymously from your computer. Everything from
opening a stock account, funding the account, and making trades both
in and out of stocks is done with only the aid of your computer and
Internet connection.
If you are a beginner investor and want to get involved in buying
stock, where can you go to get more information? Of course the
Internet has an abundance of it but your best bet might be to go to
the library and check out a book on the stock market. There are many
good stock market investment books that have been written that can be
used as a guide to get started. You should be able to find some of
these solid investment guides in most libraries.
Once you have studied some stock market basics for a while, it could
be a good time to get started buying a stock. You can read and learn
all you want but nothing is a substitute for the real thing. On the
job learning is the best teacher and that goes for the stock market
Although you may want to get started right away, right now the market
is in the midst of one of the worst downturns in recent memory. When
the market is going up every day it is easy and fun to buy stock as
most likely you will come out a winner. But now the market is not
doing well and you have to be prepared to lose if you decide to buy
anything at this time. Although it is good to buy stock when it is
low, which most stocks are now, it is also scary knowing that they may
go down further. If you do want to start your stock investment journey
anytime soon, it would be wise to invest carefully and not put in more
money than you can afford to lose. Caution is a good thing to have in
mind when you are buying stock in 2009!

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