How to invest in individual companies

People often tell me, “I don’t know how to start investing.” 

The best place to start is with your 401(k) 403(b), 457, TSA, Simple IRA and SEP plans at work, and if you are self-employed, start with an IRA.

How to buy stocks /invest in individual companies:

Another good place to begin is to start buying good mega quarterly-paying dividends stocks such as Wall-Mart (WMT)10 percent is your to keep , Target (TGT) BP (BP), General Electric (GE), Consolidated Edison Inc (ED), Hewlett-Packard (HPQ) and Procter & Gamble (PG) etc. and most important, the utility companies that supply you each day with gas and electricity. For example: if you live in Minnesota, each month you send a check to Xcel Energy Inc. (XEL). If you live in New York; it is ConEd (ED).

You can buy these utilities stocks just by calling the company directly and telling them you want to buy stock in their DRIP Plan (DRIP = Dividends Reinvestment Plan) and they will tell you how to sign up and you can start with as little as one share.

Or you can start at these sites listed below:

1) www.sharebuilder.com

2) www.directinvesting.com

3) www.etrade.com

Books you can read

The first thing you should do is to read a book that will teach you the very basics.

Two books I strongly recommend:

1) My book, “Safer 401(k) Investing: How to Protect All Your Investments from Wall Street Greed and the Government”

2) “The Only Investment Guide you Need,” by Andrew Tobias

Again the most important Step is the first one.

 Just remember that 1 share of Coca Cola would have cost you only $40 and now you would be worth over $10.3 Million.

Sherwin Brown

About Sherwin Brown

Sherwin has been an entrepreneur since he was twelve years old. He currently teaches, writes, and speaks to people about how to improve and safeguard all aspects of their financial portfolios.

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