richermo answers:

Of course you do have to pay the mortgage. But there are other expenses that are, shall we say, descrecitionary. And food is one of them. Eating out is something that can be avoided allowing you to use that money to invest.

Quite frankly the sooner you start investing the better off you will be.

Here is the low down.

Assuming you can earn 8% annually, not an impossibilty.

$1.00 invested

after 40 years becomes $21.724

after only 30 years becomes only $10.06

after only 20 years becomes only $4.66

So you see the longer you put off investing the more money you loose.

richermo answers:

If you are asking for advices to trade, buy low and sell high. Always try to buy when there is a bear rally or a down day. And not really on an up day unless the point you buy is still at its low.

Also, even if you see that the stock might be going up and you think you might be missing the opportunity…don’t worry…chances are…stocks go up and down…so you might be able to buy it at the price you want. Don’t try to chase after the stock.

For short term, when you see a decent profit, take the profit and get back in once the price of the stock drops.

You should start reading financial news, be aware when the economic data are coming out and how those data can affect the market, the earnings announcement from the companies.

Also, there are blogs available such as www.crashmarketstocks.com…so you can get someone’s point of view about the stock market.

Personally for me, when I opened my Scottrade account a few months ago, I just looked at the historical price trends graph of the stocks from google finance and keep myself updated with the news.

If you still need to open a brokerage account, consider Scottrade.

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You and I can get 3 FREE trades.

So far, I have been buying financial stocks…so out of them BAC, WFC, JPM, DB…overall right now JPM, WFC, and DB are kinda high…so you should wait til the earnings’ period is done and reevaluate the market condition…so you can buy them at lower prices and keep them for short or long term…

For apparel companies…I think GES and RL are good…but once again…have gone up way too much…