[Blindtlk] The stock market?

[Michael]

Kevin,
I have been an investor for forty years, about ten of those as a blind 
investor.  There are several things to consider, blind or not.  You need to 
ponder your risk tolerance, your short term and long term financial goals, 
your current financial position, as well as your age.  These are factors 
that an experienced financial planner can help you assess.  But I am here to 
tell you that nothing will replace your own financial knowledge.  You will 
need to emerse yourself in reading materials, both from books to guide you 
through the terms and lingo of the financial world as well as being 
completely caught up on a daily basis of market and global trends.  If you 
don't have the time or inclination to do the research required then by all 
means use a full service broker who can help you navigate this field.  But 
full service brokers generally charge two percent to buy and to sell stocks. 
So one hundred shares of a fifty dollar stock will cost you two hundred 
dollars to get in and out of the position.  Discount brokers such as 
Fidelity charge seven to fifteen dollars for each trade.  Discount brokers 
typically don't tell you what to buy, but they do give valuable research 
information.  Many financial planners only have a Series 6 license.  This 
only enables them to sell mutual funds.  A Series 7 license is required to 
sell stocks. I  use NFB Newsline to read the Investor's Business Daily each 
day, as well as national papers to keep me caught up on global news.  So 
understand that stock trading involves risk, and your ability to stomach the 
sometimes roller coaster ride will definitely determine what you buy and how 
you buy it.  Individual investors have little or no influence on the market. 
Only large investors such as insurance companies, pension plans, and mutual 
funds move the market.  So understand that you will probably always be 
lagging on information and gaining from action on this information.  So a 
long term strategy is preferable to flash in the pan profits.  Buying very 
high quality assets is essential.  Just be sure you understand that 
different companies have different levels of risk.  The term for this risk 
is the Beta.  The higher the Beta, the more risk associated with that asset. 
Good luck.  Educate yourself. Have a plan. And buy only high quality assets. 
It may be advisable to use a planner initially, but understand the way 
planners make their money, whether it is a transaction cost for each trade, 
an income stream from mutual fund companies for recommending their products, 
or a fee independent of any trade influences what they recommend.  I would 
recommend the latter.   Good luck.

Michael

-----Original Message----- 
From: Kevin via blindtlk
Sent: Wednesday, November 18, 2015 9:41 AM
To: blindtlk at nfbnet.org
Cc: Kevin
Subject: [Blindtlk] The stock market?

Hello.  Do any of you know how a blind person can get started in buying
and selling stock?  I'm thinking of getting into that. Thanks.


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