<p>(From a young investor)Would it be a great idea to take advantage of these economic times and invest in large companies that have taken hits, but are likely to rebound in the coming years?</p>
<p>If a person were to get on a stock when it is down and have decades to allow the company's stock to grow then I do not see any downside in investing now.
Opinions?</p>
<p>Don’t you think that the answer is really just common sense? As long as you invest in the right companies, and have enough money, it should be good.</p>
<p>Buy low, sell high.</p>
<p>Short high, cover low</p>
<p>that’s what I said</p>
<p>That’s what I did. It requires lots of patience though. Just choose something that has been around for a long time and you are confident will be around for years to come. After you buy them just expect the market to do terrible and try not to look at the prices or you will feel compelled to sell. Buying for the long run now seems smart. You obviously can never predict stocks though.</p>
<p>Where does a person go to buy stock for the long term? Is an Internet trading site, like E-trade or TD-Ameritrade, or some other place best to go? I don’t want to have to make a minimum number of trades/month. I just want to buy some secure stocks and sit on them for a few years. What is the best route to take?</p>
<p>You can try
Scottrade at 7 dollars per trade
Sogotrade at 3 dollars per trade (They don’t offer Options)</p>
<p>and I have heard</p>
<p>Think or Swim is a good trading engine.</p>
<p>Do a Google search and see what people think of each online broker.
But since you are not going to day trade, I think stability and liability is your best bet.</p>
<p>From what I hear, thinkorswim is the best. The commissions are reasonable, they offer a ton of different trading options, they have a great downloadable platform (many places don’t), and no stupid account fees or any of that. When opening an account there though, you should have at least $3,500 in it.</p>
<p>As a novice investor your might want to look into an index fund.</p>
<p>It’s an easy and great first time investment for the long haul. Chances are you won’t be able to pick individual stocks that will outperform an index in the long run. </p>
<p>[Advantages</a> of Index Funds - Mutual Funds Center - Yahoo! Finance](<a href=“Top mutual fund Gains: mutual funds posting the highest gains today - Yahoo Finance”>Top mutual fund Gains: mutual funds posting the highest gains today - Yahoo Finance)</p>
<p>To get you started. Just google what an index fund is for some more information. One of the more popular index funds is the Vanguard 500 index (VFINX). Of course there’s a plethora of index funds to choose from that track a multitude of various indexes (DIJA, NAS, S&P, Russel etc.)</p>
<p>I would suggest buying Investing for Dummies (I know it sounds ■■■■■■■■) but it’s a great place to start and give you some background. After that check out yahoo finance, they have some great articles on investing basics. After that try [Fool.com:</a> Stock Investing Advice | Stock Research](<a href=“http://www.fool.com%5DFool.com:”>http://www.fool.com) for even more investing help. </p>
<p>Take your time, do it right the first time =)</p>