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), 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:
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”
Again the most important Step is the first one.