Which online broker do you recommend for me to buy my first stock and hold for dividend?
In the US, Robinhood might be the best place for a beginner with a small account. They charge NO commission and that minimize the effect of commissions on a small portfolio.Because they don’t pay interest on cash balances, they charge more than other firms for margin borrowing and they receive Payment For Order Flow … so indirectly, you’re paying for it.Robinhood is fine if your needs are minimal, if not absent (research, charting, fast execution and reporting, quality customer support, low margin rates, portfolio margin, good option analytics, etc.). If you need more than their stripped down platform, you need to look elsewhere.
Which is the best brokerage company to invest in stocks in India?
The factors to consider when picking a broker are:Cost - First and foremost the thing that matters is cost. The cost for delivery trading should be no more than 10 bps or INR 20 whichever is lower. For intraday the going rate is 1 basis point (1 basis point is 1/100th of a percent).Technology - Brokerage today is a technology driven business - the quality of the website matters - not the marketing page but the actual application.Who is the Depository Participant - The depository participant is the company who deposits your shares in NSDL or CDSL which are the 2 depositories in India. The depository system is beautiful as even if the broker goes belly up you still own your stock.Cost & amount of margin - If you are doing margin trading you need to study the cost of margins. If you do not know what this is I suggest you stay away from a margin account.Which exchanges and products are covered - At the least the broker should be covering BSE and NSE for stocks. If you want to trade derivatives, commodities, currency or other instruments you need to make sure that you have that facility enabled as well.Service - Can you call someone if there is trouble? How soon do they respond? These questions are also very important.We at Wixifi offer trading and DEMAT account services from TradeJini - our brokerage partners who we believe are the leaders in the aforementioned services.Full disclosure: I am the founder of Wixifi.com - a robo investment advisory service that builds algorithms to create portfolios of mutual funds & stocks according to your risk profile and goals.
Would it be wise to hire a stock broker to invest my money in the stock market?
I would say a clear NOBrokers are very clever people. They usually give a buying recommendation to 50% of the people and a sell recommendation to the other half. Either way they have 50% of the total costumer.They don't do proper research.They brokerage houses usually hire MBA graduates who have little or no knowledge of stock markets and they usually don't do the research and provide their speculative ideas.They don't give sensible buys or they don't even use their common sense.They usually give a buy to a stock trading near to 52 week highs which is sometimes not sensible at all .They give excuses.After they are done converting the investment into losses they would say that it usually happens and no brokerage house is perfect and they are the most efficient,they have x% accuracy,blah ,blah.For an investment to be successful you need to buy lower and sell higher and you need to find the right stock at right point of time. Rather we should look forward to buy stocks at inflection points.I would say that we should do our own research before investing.Following investment gurus like vijay media,RJ,ashish kacholia,porinju veliyath,dolly khanna will be a great help because they are people who are capable of coming very close to the company management and they understand the business in which they are investing.Apart from that one needs to understand the basic ideas related to the stock markets . One can start learning through the zerodha website.Happy investing!!
How do i start investing in stocks?
I want to start investing in stocks, but i have no idea how to. I heard its good money, but i don't understand where i need to go to start trading stocks, and how old does one have to be to make an account for investing in stocks. Also could you explain to me what a mutual fund is and the basics of investing in stocks? Thank You.
Should I hire a stock broker?
Without having more information about your personal information, such as age, current income and other data such as risk tolerance, martial status, and demographics it would be very inappropriate for me or any other responsible person to provide specific investment information in this type of media. Also it would not be appropriate for any professional to provide any specific investing advice based on the information provided. And it would not be prudent for you to accept any investment advice from unknown individuals here at YA or a similar media. After reading some of the responses you have received, please seek professional help, the amatuers here on YA answers are not qualified to provide investment advice. There are many people just like you that are, or were looking to invest and those that did bought Mutual Funds and/or Exchange Traded Funds (ETFs). One purpose of mutual funds is to help investors like you, who are either just entering the investment world or who have no investing experience. Once you feel you at least have an understanding of investments you should look into ETFs which are similar to mutual funds but are traded on the exchanges. Mutual Fund companies as well as ETFs have an entire array of products many will fit your needs. Read about the various products and in doing so you will be getting investment ideas and at the same time educating yourself about investing. You could also contact the funds companies for more information. I have found that Vanguard (http://www.vanguard.com/) & Fidelity Investments (https://www.fidelity.com/) can meet your needs for mutual funds. The service and information they provide is all free and you will find it helpful. Since you do not know anything about the markets and investing, it would be very foolish of you to try to invest your own money. Please seek professional help. And thank you for your service to our country. Stay safe, invest well
Would you trust an independent stock broker or the bank to help you invest your money?
NONE !!!Yes believe me do not trust your broker nor banker.You can ask among your friends to recommend you a personal finance advisor not anyone who promotes his finance products in garb of advisor.Go for a certified financial advisor.Yes they do have certification.Ask that CPA whether he earns from commission or pure advisory.The latter one would be unbiased & focussed on your benefit coz he benefits from you not the company which gives the biggest commission.If you can spend few hours weekly reading a bout personal finance you can manage it easily unless your earning & savings are in crores !!!But if you can't spare that much even then CPAs are ideal.You don't need advanced finance degree to manage your investment.All you need is little bit of interest in reading books & magazines about it & rest is taken care by passive style of investing.You need not tinker too much of your portfolio.Chopping & changing harms more than benefits.Dont worry it sounds alien but not more difficult than maths in 10th.If any specific questions then do message.
Whats the best STOCK to invest in?
im 14 and i have about $500. i want to invest early so i can have money sooner in life. I was thinking of investing in McDonalds and Walmart since those 2 seem alot likely to go bankrupt anytime soon but what do you guys think. should i save to about $1000? but what stock should i invest in and if you can give me tips would be appeciated. thanks
Is any full broker always suggest us for which stocks we should buy?
Learn then trade. Never trust on broker, tips provided, TV jokers mail to hazoorcapital@rediffmail.com