[kmr321]

hey hows it going, i dont mean to hijack your thread but i am in a similar position to yourself.turned 20 and saved $5000 which i plan to purchase new (stocks)

Anyway ive read a bunch of warren buffet, peter lynch, rich dad poor dad, think and grow rich! books and im still some what clueless in actually picking a stock.

Firstly, any recommended stock research or portfolio software which could help personally?

2. This is more of a guidline to how i think towards shares at the moment so i d like to know if im on the right track and feel free to add in stuff that im missing.

Goal - invest medium term in stocks 6 months to 2 years.

- Step 1 picking a stock - choose a stock you trust or already know about. ( Confident in its People, Price and Product)

- STep 2 - Do you homework(ratios+financial statement analysis)

- Step 3 - make some future market predictions but dont place any reliance on them.

- Step 4 - compare to other similar stocks in the industry to see if you can buy a stock which is similar at a cheaper price?

Please Add in anything im missing here,