[Blindtlk] The stock market?

[Kevin]

On 11/19/2015 9:54 AM, Michael via blindtlk wrote:
> 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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Michael, that was quite helpful.  Thanks.


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