How would i go about becoming an investor in the NYSE?
Well recently i have made up my mind due to some new amounts of money i received . And i want to invest it . I actually live here in New York City and id like to know as a novice investor how do i go about investing in something as huge as the NYSE .
Your best bet is to take an ammount of money you are comfortable in not using for years to a broker. Letting someone else handle your money while being “green” is your best bet. However, don’t invest anything you are not comfortable with losing.
The NYSE is a composite index made up of numerous companies. Other indexes would be AMEX and NASDAQ. Truthfully, it is not as simple as just wandering into the exchange and purchasing a stock. Most transactions are done electronically now and are very complex. There are also many ways to “exchange” a stock, ie: short, long, short-sell, put, call, margin, cash, and so on. Without any prior knowledge of this, chances are, you may lose your money very quickly.
Leave it to the professionals and watch your portfolio grow.
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