Are there any online classes,etc to learn about stocks

[bear]

Hi,

I'm new to the blog and all this financial strategy. I just inherited some stock from Mother and I don't know if it is wise to keep it in Edward Jones or transfer these to Fidelity or Charles Schwab.

I'm in my late 50's and I can't afford to make any mistakes with this. Are there any sites that provide basic courses or articles in understanding the different stocks, terminology,etc. I think this will help me make the best decision.

Thanks

[feh]

Hi,

I'm new to the blog and all this financial strategy. I just inherited some stock from Mother and I don't know if it is wise to keep it in Edward Jones or transfer these to Fidelity or Charles Schwab.

I'm in my late 50's and I can't afford to make any mistakes with this. Are there any sites that provide basic courses or articles in understanding the different stocks, terminology,etc. I think this will help me make the best decision.

Thanks

The problem is that there too many sites/articles out there telling you what to do w/ your money.

I suggest you start at http://www.bogleheads.org/forum/index.php. On the wiki you'll find some reading suggestions, or you could just ask folks for advice.

[Petunia 100]

MorningStar has a great "classroom" (it's a collection of short articles arranged by topic followed by a short multiple choice quiz). http://www.morningstar.com/cover/Classroom.html

Another vote for the Bogleheads' Index Forum.

Good investing is simple:

1. Make a reasonable asset allocation plan.
2. Re-balance regularly.
3. Keep costs to a minimum.

You don't need commissioned advisors, expensive actively managed funds, or complicated strategies. They are not better, they only cost more.

[snafu]

Do you already have a brokerage account? What is currently held in the EJ account? Is it individual stocks, Mutual Funds, ETFs or a mix? If Mutual Funds [MF], what type, what load/fee what MER [Management Expense Ratio}? What are the top 10 holdings in each MF?

Have you looked at your Risk Tolerance? You need to be able to sleep at night without worrying about the value of the portfolio. Stock and Bonds increase and decrease in value most often opposite each other. Your time line is a very important feature in the decision making process. Is it your plan to leave the sum for 5 yrs, 10 yrs, 15 yrs, or more? [we don't cash out on retirement day].

[bear]

My Mother had EJ"s Advisory funds program where it is invested in stocks, etc. I still haven't received all the paperwork yet but it looks like she was diversified. She also had a 711 401K, Vanguard Winsor Funds, a Roth IRA, quite a lot. I am so overwhelmed but this and really don't know what to do. I know that I have pull the trigger soon because the estate is going to disbursed shortly. The guy at Edward Jones seems knowledgable and is a good saleman -kinda reminds me of Rush Limbahl - very direct.

thank you for the tips on articles etc. I wish I the estate could wait while I get caught up but that isn't going to happen.

Any other tips? I'm going to talking to him on Friday. Any questions that I should ask that a novice wouldn't begin to think about?

[bjl584]

The community college in my area has several courses on personal finance and investing. I'd check out the school near you.

[disneysteve]

The guy at Edward Jones seems knowledgable and is a good saleman

Any questions that I should ask that a novice wouldn't begin to think about?

I think the most important thing you need to ask is how to go about transferring all of the funds, and you really don't need to ask him that. You need to ask the company to which you will be transferring. So I'd be on the phone to Vanguard or Fidelity and speaking with them about how to set everything up to get it out of the high-priced broker's hands.

You don't want to invest with a "salesman".

[sherylgray]

Online Marketing

There are so many sites from where you can learn about stocks, shares, debentures, etc. These are very helpful for newbies, as these provide a clear idea. However, all the sites are not trust worthy. You can try out this site: http://www.tradingacademy.com/

[bullfrogcorner]

Try "khanacademy.org" link below

khanacademy.org


I think they are impartial.