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Hey guys I'm 19 years old and have saved up best online broker schweiz a bit of money over the years 23k. I'm super excited about Tesla Motors and Solar City, the thing is I have no clue on how to buy stocks. I just started to do some research but I thought maybe I'll sign up to the forums and ask you guys, since most of you are probably have experience in stock market business. Even though the stock price is high right now, I'm willing to wait best online broker schweiz see if it drops.
Im from Toronto Canada, so if there are any fellow Canadians in here that could help me out, I'd greatly appreciate it. Look into what a diversified portfolio is and how to spread your risk. Being young, it seems "smart" to invest in a high-flying stock but beware of becoming "in love" with a stock.
Those who do the best in the market invest without emotion. Your bank can serve as a broker through affiliated or subsidiary companiesbut is likely to balk at your intentions. There is several investor threads at Tesla Motors Club too. I know there are some Canadians that frequent that forum. When you say "have no best online broker schweiz on how to buy stocks", do you mean you literally don't know how to go about purchasing stocks?
Or do you mean that you don't know about the best online broker schweiz, etc? I'mnot familiar with what it's like in Canada, but do you have a company such as Fidelity, or online companies like ScottTrade, eTrade, etc? It should be fairly simple to open an account. There are more advanced trading options, but they're not necessary to learn when you're just getting started. Terry, here are some of my tips, learned from plenty of successes and mistakes over my last 30 years of investing.
First, be best online broker schweiz not to confuse trading with investing. Trading is about short term buying and selling. For most people, trading is like gambling, and in gambling, most gamblers eventually lose. There's too much going on that is outside of your control. Traders spend a lot of time looking at charts. Because a lot of traders use the same rules when looking at charts, charts often work. But charts also don't work reliably. They're a tool, and even if you're not a trader and you're not speculating, charts provide good information so try to learn about them and the theory behind best online broker schweiz patterns it's fun!
Investing is about taking a stake in a company and holding it over a longer period of time. When you invest for the long term, you don't have to be right about the short best online broker schweiz. Invest in a company that has high growth prospects, great management with great vision and proven ability to execute, great defensible not easily copied technology, moats barriers to competitive entry and a company that is positioned to take advantage of multiple converging trends.
Pay attention to valuation. Because their expectations are higher, the stocks are riskier because they're prone to high volatility if best online broker schweiz change. Listen to earnings conference calls. They're quite possibly the single best source of information about a company.
You'll also learn to form a judgement about the quality of management, their vision, and their ability to execute. Read the financial statements, such as the 10Qs and 10ks. Learn how to read best online broker schweiz balance sheet. Learn about assets, liabilities, and stockholders equity.
Learn to read an income statement. Learn about cash flow. The more research you do, the greater the confidence you'll have in best online broker schweiz company. Read business magazines I grew up reading Forbes and Fortune for fun. Reads stories about business strategies that worked and that failed. You'll be surprised what you can learn from successful companies and successful business managers in industries that might not even interest you.
Someone interested in the computer chip business can learn from the stories of businesses selling soda and potato chips. You can learn from everything. The more you learn about business, the more successful and well-rounded you'll be as an investor. Don't put all your eggs in one basket. At your age, you can afford to take greater risk, but don't gamble.
It'll take intestinal fortitude, though, to stand firm in all the wild ups and downs. Avoid "full service" stock brokers. They make money when you buy and sell. They just want you to trade. Use a discount broker instead. I basically didn't know about how to go and purchase stocks. I'll look into the online best online broker schweiz and do more reading. I understand when you guys say not to invest into one company but I just have a feeling Tesla will succeed and if best online broker schweiz don't, it'll be an experience.
Obviously they didn't listen to me and It's something they regret not doing. Since I'm older I have the ability to do whatever I want and handle the repercussions. There are also other companies that I'm looking to invest into, not just Tesla. But Tesla is where I want to start. Read up a bit on 'dollar cost averaging'. When the price is low, you get more shares.
When it's high, you're lifting the average value of your portfolio. Resist the urge to fiddle with the routine. The rigidity of the schedule insulates you from "madness of crowds" effects. But if you want to buy some Tesla stock, shop for an online broker. Here's a good place to compare the differences: I'm not going to dispense with investing advice since that's something you'll have to learn on your own over the years thru study and experience.
Good for you, though, because a good place to start is when you're young. Submitted by terry on These companies have consumer businesses and should be able to help you set up an account. Best online broker schweiz I appreciate all the help!
Then buy some Tesla shares. User login Create new account Request new password.