Expert: Paul Henneman - 3/19/2006

Question
Can you tell me where can I find a place that is trustworthy that will help me get some stocks? I'm looking to buy a small qty of stock but I don't know the best place to look for.  Thanks.

Answer
Sammie,
  Thank you for your question! This is a very large question because there are so many different ways to choose stocks. It really depends on what kind of investor you are and what your future goals are. But I will try to offer some advice to get you started.
  The first thing I would recommend is to determine what type of investor you are. Very aggressive investors take on alot of risk. This means that there is a decent chance that they can achieve high returns in a short amount of time, but there is also a good chance that they will lose money. The less risk you take on in your stock choices, the lower the return. For example, very large companies tend to be less risky than small companies, but will give you lower returns for your investment.
  I would strongly recommend buying "Investing for Dummies" before you actually buy any stocks. This book goes over these issues, and also discusses other ways to invest. It will give you a basic foundation of knowledge on how to determine what type of investor you are, and then how to begin to research to find stocks that fit your profile and needs.
  Some other online sources of research to find stocks are www.MotleyFool.com, www.morningstar.com, www.cbsmarketwatch.com  Each has a different type of information to offer. There are a variety of subscription services available that are very good, for example Investors Business Daily is a well known and respected newspaper that offers a great deal of data on stocks. William O'Neill is the founder of IBD, and has several books out that are worth reading if you want to make the full use of this approach.

I hope this helps to get you started! Please keep in mind that it is not easy. If it were easy to make money in the stock market, everyone would do it. However, with some research and careful planning, you can do very well. I usually do not discuss my companies own services as that is not the purpose of allexperts, but if you are interested in a portfolio of recommended stocks that we produce, please do not hesitate to visit www.ValuEngineView.com
I would be happy to answer any additional questions if you would like to follow up with me after looking into some of what I suggest. Do not hesitate to send me additional questions through allexperts.

Sincerely,
Paul Henneman
President
ValuEngine, Inc.
www.ValuEngine.com
www.VEInstitutional.com
www.VEReports.com
www.ValuEngineView.com