Buying stock for the first time (advice needed)

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toonaspie
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Buying stock for the first time (advice needed)

Post by toonaspie »

Okay so I have NO idea how the stock market works. LOL. Seriously. I've been trying to figure out the system since high school and I'm still confused.

But I have been strongly considering buying Disney stock and since the price has gotten REALLY low this month I'm seriously planning on buying now before it goes back up again.

But I dont even know where or when to buy it (I think that the stock market runs Mon-Fri right?). How pathetic is that? :lol: No I dont plan to buy the Investors plans that Disney is offering cuz it's too expensive unless I already own at least 5 shares. I'm thinking of buying just 3 for now. I may jump to 5 if I really want to but that depends on when I buy it.

So I'm a total dunce. But yeah...help me if you can. I think I need the "stock buying" for dummies book. 8)
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Mr. Toad
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Post by Mr. Toad »

I would by some beat down financial or insurance stock that is sure to survive. They have been totally beat down and should see some upside.

Ford may be another stock to buy. I still dont think GM or Chrysler will survive even if we pull out of the recession quickly.

Disney has some upside, Iger seems to be going sideways with some stuff though. Although, not nearly as much as some of the whacked out ideas Eisner has with his recent purchase of Topps. Disney does some core things really well, but Iger seems to want to go away from them.
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bluemoon86
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Post by bluemoon86 »

I wouldn't even think about buying stock until you know exactly what the stock market is and how it works. Do a lot of research. Never buy stock just because you like the company or because the price is low. Please don't buy any stock unless you know exactly what you are getting into.
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DarthPrime
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Post by DarthPrime »

Be very careful in case you decide to buy stock. Honestly right now I would not buy any at all.
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Daisy Duck
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Post by Daisy Duck »

If the money you'll use to buy the stocks is money that you don't need right now and you plan to hang onto the stocks for next 5+ years, then this is a terrific time to buy.

At these low prices, it's like stocks are on sale right now. Once the market bounces back (and that could be a long time), you'll likely make a nice profit. Just pick a company that you feel will survive the current economic climate.
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