Expert: Dr. Joseph de Beauchamp - 12/28/2005

Question
I am new to the stock market and have never owned any stocks. I am 42 and I have to start thinking about my future because i got screwed at my workplace. I was never informed about opportunities and lost out.

I am watching this guy on tv and 90% of his stock picks are making money. I figure i would try to jump in and cash in.

The one thing I notice is that these online trade companies are asking for 1000 minimum and i dont have that kind of cash. Simple question, Cant i just buy the stock outright? Do i need to depost large amounts of cash into some online account?

Answer
Richard,

Go to the public library and pull out Morningstar. I would recommend just start with a small amount into a good mutual fund. I would have you stay away from stock buying and trading. People just do not make money this way. Remember that you do own stocks in the market with a mutual fund. You might also look over the http://wfnn.info website. This is free information without an ax to grind you.

Dr. Joseph de Beauchamp