First, the Acer Aspire 1410 is a "netbook" - this a lesser computing platform than a "notebook" or laptop.
Netbooks were not designed to be video editors. They were designed to be a smaller, lightweight (and less horsepower), addition to a tower or desktop computer.
In this case, it is likely that video editing will be possible, but it will depend on the RAM installed (this machine tops out at 4 gig - hope that is the case for yours. The CPU looks OK... and of course, we assume there is available hard drive space (that you will never let go below about 15% of total hard drive space).
The only connectivity the 1410 and a possible camcorder have in common is a USB port. That means you are limited to flash memory and hard disc drive camcorders or cameras that capture video as a convenience feature.
Honestly - with the limited requirements (assuming good audio - external mic - is not a requirement) and good lighting, pretty much any camcorder will do - even the pocket Flip and Sanyo Xacti.
If an external mic is required, then a Canon FS series standard def camcorder is fine.
In any case, the video from the camcorder will probably need to be converted before it gets into an editor. MPEG Streamclip from www.squared5.com works well - there are lots of others.
And NEVER use the camcorder handheld. Chair, table, rock, fence post... anything but not handheld.
I have a horse business and need to create sale videos. I would be taking the video outdoors with plenty of light. I need to take a lot of footage then edit it down, put in transitions and titles, etc., for posting on my web site and youtube. I want it to be easily compatible for those uses. I have an Aspire 1410 notebook and have used windows movie maker. My budget is small--what can do the job for the least $$? Thank you in advance for advice.