Build a winning portfolio--and reduce your risk--with this bestselling guide
Online investing has never been easier--or more potentially confusing. Now that every broker or finance site has its own app, data, or approach, it can be all too easy to be misled and make a bad decision. Online Investing for Dummies helps you reduce risk and separate the gimmicks from the gold, pointing investors of all experience levels to the pro-tips, calculators, databases, useful sites, and peer communities that will lead to success.
Updated to include information on mobile trading and the influence of social media on the markets, the book also covers the basics--showing you how to figure out how much to invest, find data online, and pick an online broker. It then progresses through to more advanced topics, such as calculating returns, selecting mutual funds, buying bonds, options, commodities, and IPOs, taking you and your money wherever you want to go in the global market.
* Set expectations and assess your risk
* Analyze stocks and financial statements
* Assemble the suite of tools to calculate your performance
* Get tips on choosing the right online broker and on protecting your information online
It's time to get a pro strategy, and Online Investing for Dummies has all the inside information you need to build up that winning portfolio.
Autorentext
Matt Krantz is a nationally known financial journalist who specializes in investing topics. He's personal finance and management editor at Investor's Business Daily. He's also worked in the financial industry and covered markets and investing for USA TODAY. His writing on financial topics has also appeared in Money magazine, Kiplinger's, and Men's Health. Krantz is the author of Fundamental Analysis For Dummies and co-author of Investment Banking For Dummies.
Klappentext
- Set expectations and assess risk
- Choose an online broker and weigh your options
- Use the latest tools, data, and resources
Build a winning portfolio
Online investing has never been easieror more potentially confusing. Now that every broker and finance site has its own app, data, or approach, you can easily be misled and could potentially make a bad decision. This book helps you reduce risk and separate the gimmicks from the gold. It points investors of all experience levels to the pro tips, calculators, databases, useful sites, and peer communities that will help lead to success.
Inside...
- Set your goals and expectations
- Assess any possible risk
- Analyze stocks and financial statements
- Assemble a suite of tools to calculate your performance
- Choose the right online broker and protect your information
Zusammenfassung
Build a winning portfolioand reduce your riskwith this bestselling guide
Online investing has never been easieror more potentially confusing. Now that every broker or finance site has its own app, data, or approach, it can be all too easy to be misled and make a bad decision. Online Investing for Dummies helps you reduce risk and separate the gimmicks from the gold, pointing investors of all experience levels to the pro-tips, calculators, databases, useful sites, and peer communities that will lead to success.
Updated to include information on mobile trading and the influence of social media on the markets, the book also covers the basicsshowing you how to figure out how much to invest, find data online, and pick an online broker. It then progresses through to more advanced topics, such as calculating returns, selecting mutual funds, buying bonds, options, commodities, and IPOs, taking you and your money wherever you want to go in the global market.
- Set expectations and assess your risk
- Analyze stocks and financial statements
- Assemble the suite of tools to calculate your performance
- Get tips on choosing the right online broker and on protecting your information online
It's time to get a pro strategy, and Online Investing for Dummies has all the inside information you need to build up that winning portfolio.
Inhalt
Introduction 1
About this Book 1
Foolish Assumptions 2
Icons Used in This Book 2
Beyond the Book 3
Where to Go from Here 3
Part 1: Getting Started Investing Online 5
Chapter 1: Getting Yourself Ready for Online Investing 7
Why Investing Online is Worth Your While 8 Getting Started 9
Measuring How Much You Can Afford to Invest 12
Turning yourself into a big saver 12
Using desktop personal finance software 13
Perusing personal finance websites 15
Capitalizing from personal finance apps 17
Saving with web-based savings calculators 18
Relying on the residual method 19
Using web-based goal-savings calculators 19
Deciding How You Plan to Save 21
To Be a Successful Investor, Start Now! 21
Learning the Lingo 22
Setting Your Expectations 23
Keeping up with the rate of return 23
The power of compounding 24
Determining How Much You Can Expect to Profit 24
Studying the past 25
What the past tells you about the future 28
Gut-Check Time: How Much Risk Can You Take? 30
Passive or Active? Deciding What Kind of Investor You Plan to Be 31
How to know if you're a passive investor 31
Sites for passive investors to start with 32
How to know whether you're an active investor 33
Sites for the active investor to start with 34
Chapter 2: Getting Your Device Ready for Online Investing 35
Turning Your Device into a Trading Station 36
Using favorites to put data at your fingertips 37
Putting key mobile apps a touch away 38
Compiling a list of must watch sites 39
Tracking the Market's Every Move 39
Getting price quotes on markets and stocks 40
Slicing and dicing the markets 41
Your crystal ball: Predicting how the day will begin 43
Getting company descriptions 44
Keeping tabs on commodities 44
Tracking bonds and U.S Treasurys 45
Monitoring Market-Moving News 46
Financial websites 46
Traditional financial news sites 48
Checking In on Wall Street Chatter 50
Everyone is an expert: Checking in with blogs 51
Finding blogs 52
Getting in tune with podcasts 52
Taming Twitter 53
Keeping Tabs on the Regulators 54
Executing Trades 56
Searching the Internet High and Low 56
Keeping the Bad Guys Out: Securing Your PC 57
Mastering the Basics with Online Tutorials and Simulations 58
Online tutorials 59
Simulations 60
Chapter 3: Choosing the Best Account Type for You 63
Knowing How Different Accounts Are Taxed 64
Taxable accounts 64
Retirement accounts 64
Education savings accounts 65
Plain Vanilla: The Taxable Brokerage Account 66
The importance of dividends 67
How capital gains are taxed 69
The high tax price of being short-term 70
How long-term capital gains are taxed 71
When you can win from your losses 71
What to do with your worthless stock 73
Using technology to measure your capital gain 74
Measuring your capital gains if you've lost your records 77
How dividends are taxed 79
Retirement Accounts: Knowing Your 401(k)s from Your IRAs 80
401(k)s: A great place to get started 82
Managing your 401(k) plan online 83
Getting in tune with IRAs 84
Setting up an IRA 85<…