The Stock Market
Originally Posted by darksideofjae
Hey guys. Im thinking about gettting into the world of the stock market. I see how lucrative it can be if u make the right choices. My question tonite is this; I know nothing so what are some things i should look for and how do i get started. If you have any pointers it'll be greatly appreciated as well.
Thanx
Jae
Thanx
Jae
do lots of research, leave emotion out of investing .. dont rely on 'tips' .. small cap/high risk stocks have the biggest growth potential, but at the same time are volatile and you can lose your 'shirt' :chuckles:
market sucks right now.. up to u to decide if its hit the bottom or not :dunno: .. factors like the war, oil, election, corrupt ceo's, etc effect everything..
buy low, sell high :dunno:
Originally Posted by WiLL
T-Bonds are in increments of $1000.
And when they say that the Interest needs to be reported for taxes, do you do that every year or just when you take the money out?
And when they say that the Interest needs to be reported for taxes, do you do that every year or just when you take the money out?
could always take a few economic classes at a community college. Start reading the business section, and learning the terms. It is much better to become educated, rather than jumping right in and losing money.
Originally Posted by GSR4444
could always take a few economic classes at a community college. Start reading the business section, and learning the terms. It is much better to become educated, rather than jumping right in and losing money.
It's hard to get started without a large source of capital, which is why mutual funds were started to begin with. Even if you do select the right stocks, chances are you won't see huge earnings just because you don't own that many shares.
Originally Posted by darksideofjae
Hey guys. Im thinking about gettting into the world of the stock market. I see how lucrative it can be if u make the right choices. My question tonite is this; I know nothing so what are some things i should look for and how do i get started. If you have any pointers it'll be greatly appreciated as well.
Thanx
Jae
Thanx
Jae
Then why not pick up a book based on Warren Buffets strategies, here a good one its called "the warren buffet way". Great book, and as you probably know Warren is the most popular investor around.
The most important thing i could tell you(and i have been successful in the stock market) is not to get influenced by others! Do your own research (very time consuming) and invest in a small number of company... the saying don't put all you eggs in the same basket is taken to seriously in investing (that means don't invest in like 100 company keep it simple, easy to follow read everything about one company that you own). But obviously don't invest all your money in 1 company eigther!
Well that is my opinion, and my advise I know a lot of people out there will tell you the contrary, and it is up to you to decide! Good luck!


