Saturday, March 28, 2009

How to Invest Online

More and more people these days are learning to invest their money without the use of a stock broker or portfolio manager. Here is one way i've found to invest in the comfort of your own home..

Instructions
Step1The website that i have had some financial success with is called www.sharebuilder.com . You can easily link a checking or savings account to your Sharebuilder account and deposit/withdraw money from it.
Step2Once you have an account set up, you can trade several things, including stocks, stock options, invest in money markets, etc. My personal experience has been with stock options. Having 1 stock option contract is like holding 100 shares of a stock for a certain period of time, usually a month or so. You can either buy a call (predicting the stock price will rise) or a put (predicting it will drop in price). If your call or put is correct, you can make an almost unlimited amount of money.
Step3I prefer stock options to stocks because you can invest 100 dollars in a stock option and make so much more than investing in a stock itself. If you are interested, try using Google to find out more info about it. If you have even a basic knowledge of what affects stock prices, you have a chance to make big bucks in stock options.

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