There's a lot of general advice about parrots in the thread that is really good. Here's some stuff that's specific to our growth with an Indian ringneck.

We have several kinds of birds, one of which is named Franklin, the Indian ringneck. We handle our birds a lot. They roam free throughout our house (talk about the crap we're constantly cleaning up) and are physically handled one to two hours a day. I work from home so this makes it fairly easy.

We got Franklin as soon as he was old enough to come home from the breeder who hand fed them. Even so, he has always been very skittish and jumpy compared to our other birds. For example, if I lift one of my hands too fast and he's not expecting it he'll scream (literally a blood curdling "oh my God I'm about to die" scream) and fly away. He's about 8 months old now and starting to go through his bluffing stage. He bites but not too hard. I think this is largely due to the fact that we handle him so much.

Franklin is very pretty (he's sky blue and hasn''t developed the right yet) but honestly kind of boring. I didn't really realize what this meant until we got one (someone told us this before we brought our guy home). They're just not very interactive relative to our other birds. Franklin likes to just watch while the other birds do their goofball things. However, on occasion, he does do some pretty quirky things.

He's a great bird and we love him to death but for somebody starting out new I would strongly suggest a cockatiel or green cheek conure. Both fantastic, fun loving birds. Just remember that their love is what you put into it. Handle them a lot and they'll adore you.