out of the people who posted so far who has an investment portfolio in excess of 50K? not counting 401K

 

The average age of someone in the basement is like 22. What do you think?

 

I'll have my brother take care of that after he gets a job. o:

Not like I have a ton of money to invest, but I would like to invest some.

 

I doubt much if any of us. We probably wouldnt be or wouldn't have been driving Hondas if we had that kind of cash

 

seems everyone has become experienced in investing and were offering advice. so i wanted to try and quantify it.

 

My father has a 7 figure investment portfolio, and has given me the same advise, essentially word for word, that I gave in my first post. So, I don't think net worth is necessarily the leading prerequisite to giving good advise, rather being informed is far more important.

 

nor was i making that assumption. i was only trying to figure out who had actual experience with investing.

 

start with a mock portfolio. yahoo finance among other sites lets you create dummy portfolios so you can test the waters.

don't trade excessively; or commissions, taxes, volatility and spread will kill your profits (or worsen your losses).

don't play with what you're not willing to lose as mentioned above.

make sure you keep good records so it's easier to report come tax time.

learn technical and financial analysis if you plan on trading. read buffett and siegel if you plan on investing.

if investing for the future, proper allocation is more important than choosing good stocks.

buy low, sell high. or buy high, sell higher.

it's good to learn as much as you can now since you're gonna have to deal with this for the rest of your life. my portfolio peaked at 150k a couple months ago, but the only stock i own got hit (lesson: don't put all your eggs in one basket) and i had to liquidate some for my down payment so i'm down to about 65k now.

 

Rick help me get rich. Please

 

you bought the book, just read them and follow the advice in the book.

i personally don't invest as much as i used to in the market. i plan on shifting the money into a real estate by purchasing a industrial building. what i have in the market will stay in the market. i'm just not putting in more money.