Do you still in doubt for your first investment. Okay it's now the time for your investment. It's right you have to get some risk, don't be backward due to this. Every one have to face this situation at the beginning, but trust that stickily "I can go ahead" and always work with good planing. Then you can see your future going through it and identify what are the problem can be arise and get necessary steps to solve them earlier. That's your success. Good luck!

I can recommend the book "Stocks for the Long Run".

this is what i could come up with

After flagging the companies that you have gained an interest in, find out the intricacies of its financial position by looking for the following things;
-the current ratio: this is the ratio of the current assets and the current liabilities. The minimum should be 2:1
-The rate at which earnings are growing. A minimum increase of a third in per share earnings for the past 10 years or more using at least three year averages is recommended.
-the P/E ratio; ratio of the price of a stock to the earnings in the previous years. This P/E ratio should not be more than 15 i.e. the current stock price should not be more than 15 times the average earnings for the past three year averages.
-the price to assets ratio. The current stock price should not be more than 1.5 times the book value of the stock as reported in the latest financial statements (I will describe how the book value is calculated very soon). A rule of the thumb suggested by Benjamin Graham in his books is use of the multiplier i.e product of the number obtained by dividing the current stock price and its earnings (in this case it is 15) and the price to assets ratio(in this case 1.5). This new number should not be over 22.5
After ascertaining its financial strength, the next thing is to find out its earnings stability. The company should show consistent earnings for the past decade or more- particularly if it has undergone an economic upheaval and still sustained its earnings.
The next thing is to look at the dividend record of that company. The same rule goes but in this case they should be uninterrupted for at least 2 decades.
All the above information is obtained from a company’s cash-flow statements, income statements, balance sheets, the quarterly reports and the analyst’s report. As you can see, you will need an inordinate amount of time to pore over all this paper work in search if the best stock to buy. This is the uninteresting world of the professional investor. The upside is that if this analysis is done right, better than average results are obtained from your investments and you will be the object of envy for the speculators all trying to mirror your investing acumen.
I must say that these rigorous tests may make an investor exclude many companies that have the potential of high future earnings but the upside is that you are left with a small group of companies in which there is very little chance of losing your hard earned money.
That’s basically it. any qns are welcome

A beginner's guide to investing.
How much to invest.
Your investment strategy will depend partly on how much you want to invest.
The one fund option.
for some, one mutual fund is plenty to get started as an investor.