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June 3rd, 2011 
admin Question by brooke0611: Buying Shares?
Hi,
I am interested in buying some shares. I have about a thousand dollars to invest and was wondering if anyone could point me in the right direction and advise where to start, what research i should do, who i should see and how to go about buying shares.
Thanks 
Best answer:
Answer by silverice2388
First of all I started investing 4 years ago in a almost identical situation. I combed through all the invetsment sites and found that TD Ameritrade was the best for me. While it is $ 10 a trade and some places go for $ 8, I think it is a safe bet and I know my money is secure and the company is reliable. They have great customer service and in the end $ 2 is worth it. With 1k I would invest in only 1 stock to start out with. I know a lot of people that have like 10,000 shares of this and that company but $ 1000 doesnt allow for you to do that so spread out your money. I would say no less that $ 1000 in a company and no more than $ 2000 in any either. (The following in my suggestion on how I would invest your money) To play it safe I would put that into a mutual fund, try a vanguard or a american growth fund (AGTHX) or something that has historically little risk and decent returns. This will give you somehting to monitors and get a good feel for what investing is all about. If you want to go into stocks and not mutual funds, I would go Pharmeuticals (Pfizer maybe because it gives a great dividend and will be solid for about the next 3 years), Energy (Exxon is always solid), Retail (I thik under armor is a great little known stock), Financee (Bank of America, JP Morgan, or Citi because they are all beat up like no other), and maybe a Time Warner or Disney. Of those stocks I suggested, they are all safe stocks that wont crash on your (Under Armour is a little iffy since it is new) and by watching those you will gain a great understand of stocks that you can use to invest your next $ 1000 you save or whatever. GOOD LUCK!!
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Since you have only a limited amount of money to invest you should consider goind into a mutual fund, preferably a no-load or one that has low fees. Vanguard is one company that can fit your needs and they would be willing too provide you literature on your various options.
When one invests, it is good money management to NEVER, NEVER invest 100% of your investing dollar into any one stock, but you can do it with a fund.
REMEMBER, as you move forward get into the habit of paying your self first before you pay those monthly bills. After you open a mutual fund account, alway send them a few bucks a month. Your monies will grow..
If you buy a stock, always have the dividends reinvested, chance are the dividend money will not be that great so you might as well put it back into the stock.
In the mean time educate yourself about investing, eventually you will have a few extra bucks so that you could move comfortabley into the general market.
If your company has a stock option plan – sign up for it, if they have a 401K sign up for it.. Sign up for anay plan where the company will also contribute.
Good luck on your journey