How to buy stocks for my son and other investment stuff!?

I know nothing something like the stock market, cd's, mutal funds, ira's, etc. (I know, I am working on learning). But I be watching something can't remember who or where and they said that instead of sending X amount of dollars to your grandchild for a present buy them a stock. I thought what a great impression. So I was thinking of purchasing stocks surrounded by my sons name for him. How do I shift about that. I of late found out that you pretty much can't purchase stock from the company that you have to use a broker. Which one is the best, low fees and illiterate investor friendly? Also, what other types of accounts can I open for him for the adjectives? I know about the college nest egg, but what if he gets a scholorship (ok he's lone 7) but isn't it correct that money HAS to be used for college education? We live surrounded by North Carolina. Lastly, if anyone has essential laymans terms for me to start study about investing (stocks, bonds,ira's mutual funds, which is best) or a really well-mannered book that would be great!

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know more something like stocks from http://stockdummy.blogspot.com

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go for it

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Go to Ameritrade's website.

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Go to one of the discount brokers and look for a stock that is outstandingly leveraged in environment. Weyerhauser is a good example of a stock that have huge land holdings. I believe this to be an undervalue stock, but please check into this for yourself.

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Here is an article just about doing what you are trying to do:

http://beginnersinvest.roughly speaking.com/c/ht/01...

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Answers:    I strongly urge you to consider a DRIP Plan for your son.

They are seldom recommended by brokers due to the low rate of commissions received. However, these
reinvestment plans can be very powerful long-term investments. Studies enjoy shown that DRIP's are one of
the best strategies on Wall Street.

They are inexpensive and easy to start. New investors to the stock souk should definitely consider a DRIP Plan.

Companies resembling Toyota, Royal Canadian Bank, Sony, Bank of America, General Electric and many other Blue Chip
Stocks can be purchased through your DRIP Plan, near as little as 1 share in most cases.

These long-term plans are great for beginners as capably as veterans. Check them out.


Best of Luck

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For what it's worth it is still possible to buy certain stocks direct from the company. I know con edison and other similar utility companies still do this. Of course brokers would never let somebody know you this.

How to purchase stocks from a privately...


if you dont enjoy any idea more or less stocks, it is wise if you buy some mutual funds contained by the name of ur child, you will be given a customer self number, so that you can dump in money when ever you acquire, its wise if you could reclaim for you child month on month basis on indistinguishable number. A book will not help you much, it will verbs you all the more, Mutual funds of any compney which invests 100% is Shares is perceptive. because shares for long term will other give a flawless return.

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The bare bones:

Stock: A piece of a company. If one person owns adjectives the stock, then they are the sole owner of the company.

Dividend: A slice of the profits, split among everyone who owns the profitable company's stock. Normally, this is between 2 and 25 cents per share per three months, rewarded in brass.

Bonds: A loan. Since a company can't get a huge enough loan at a single edge for what they need, they print bonds instead. When you buy a bond, you are loaning the company money, beside the promise of getting it back plus interest.

Mutual fund: A sizeable collection of stocks.

IRA: Individual Retirement Account. Set up by Congress a few years ago, it allows you to put money in, reduce by it from your taxes, and then cancel it when you retire.

Roth IRA: A newer type of IRA, invented by Senator Roth. You put the money in, you can't discount it from this year's taxes, but when you withdraw the money at retirement, you appropriate it out tax-free. You can only put earn money into a Roth, not gifts. (The money you put in have to show up on your own 1040 tax form as income)

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visit www-indianstockmarket-webs-com to find answer

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I recommed reading a book by Dave Ramsey or visiting his website www.daveramsey.com

There is great insite on how to invest, how to locate a trusted cpa and what you should avoid investing contained by for children.

Good luck!

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i think that you should bargain to your banker.

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In the beginning “newbie” traders and investors DO NOT INVEST THE FIRST cent or dollar. No amount of money.

In the formation you LEARN HOW:
A] the stock market works.

B] to invest surrounded by many, heaps various ways.

C] to properly trade

D] abundant other concepts and aspects.

Beginning or novice ['newbies"] investors and traders ALWAYS net mistakes. In fact, throughout a person's avocation or hobby to do trading, he/she will take home mistakes.

In the very emergence, you READ AND LEARN about the bazaar and how it works:
Read "Investing for Dummies"
As you are reading and doing research about the investments you are interested contained by, sometimes you'll come across a financial or investment term you never hear before.

You can usually find excellent, easy-to-understand definition of many financial and investment jargon by going to Investopedia’s dictionary.

http://investopedia.com is a free site. It’s recognized by Y! A as a "Featured Knowledge Partner".

It probably won’t be long when you’ll perceive you’re ready to invest your hard-earned money. Before taking that step, you really should do research almost what you are investing in. It also have a free, paper trading platform. You can set up a virtual report and almost trade as though you were trading beside real money.

http://finance.yahoo.com is also identified by Y! A as a "Featured Knowledge Partner"
END E-MAIL #1
The thought processes are:
1] to have more successful trades than failing trades.
2] to minimize the losses of those losing trades.
3] "To live to trade another light of day." Having enough money within the trading account to return to the bazaar.

ALL this is accomplished by a few true expressions used on Wall Street:
Some trading expressions come to mind:
A] "On Wall Street in that aren't any gifts."
No one gives anyone else anything - not even stock tips.

B] BUlls [BUyers] earn money.
BEars [SEllers] earn money.
Pigs go and get fat.
Hogs [Greedy Traders] capture slaughtered. They lose the money in their trading accounts.

C] "Trees don't grow to Heaven. Neither do stocks or any other investments."
In other words: What go up, MUST come down!

D] "Plan your trade. THEN trade your plan!"
Have a trading plan with rules for that plan for respectively strategy.

$____ may not be enough for you to win started. I want everyone to know I DO NOT own any portion of this man’s estate, nor am I associated with him or any one else connected beside him in any style. I am not part of the publishing company or an agent or anything else. This man does not know me from Adam AND I don’t know him. I know of him and the wonderful book he wrote. THIS IS NOT SPAM.
You should buy a copy of this book:
“The Richest Man surrounded by Babylon” by George S. Classon. You can get the book on http://amazon.com
Its especially easy to read. Its hugely easy to follow. You can write surrounded by it. You can make action in it. All you enjoy to do is to read five [5] pages - Let’s count
1 - 2 - 3 - 4 - 5 page of this book - or any book - each and every sunshine.
OR You can leave it sit on the shelf, on a table or on the floor and agree to it collect dust.

Thanks for asking your Q! I enjoyed answering it!

VTY,
Ron Berue
Yes, specifically my real closing name!

I own 500$ on foot. What...


There's a Canadian book called "The Lazy Investor" that negotiations about investing contained by stocks for children. It also talks just about investing south of the boarder in the US.

The rudimentary process is:
1. Open an online brokerage account through your local ridge branch.

2. Transfer some cash within. $100 or less should do it.

3. Select a "drip / spp" stock. There's a document of them in the book.

A stock licence is a piece of paper that say you own a small portion of a company.

When the company makes a profit, they can provide each (stock) owner a "dividend" as any cash, cheque, or more stock.

By choosing stocks that wage dividends in the form of more (partial) stocks, you benefit from compound interest. This is "Dividend Re-Investment Plan" - drip.

By choosing a stock explicitly "spp" as well, you can automatically contribute second cash every month or quarter.

4. Purchase 1 stock of a drip & spp company using the online brokerage commentary. Might cost $30 to do the trade, plus price of stock.

5. Convert the stock from electronic to paper - might cost $50.

6. Whatever company stock you own, look up their 'transfer agent' within the investor section of their trellis page. Write to the transfer agent and enlighten them you want to enroll in drip /spp. They might ask you to distribute in rag certificate.

7. Whenever you perceive like it, contribute a few more dollars to your drip / spp.

8. Sit hindmost and watch the money grow over time.

Resolved Questions:
We are retired.we want to start an investment accts for our 4 sons.which would be best?if we go to nursing?
home,we don't want nursing home to go to our children for our protection.what do we do?we are fairly in shape as of now.

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As it stands very soon within are THOUSANDS of companies to invest contained by but do you focus they will adjectives be bought up?
PLEASE READ THIS BEFORE YOU ANSWER Do you think someday here might only be a few companies approaching 10 controlling the vast...

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