Stocks

Status
Not open for further replies.


Well, I have done some money from stocks, but nothing big. First and most important thing is that you must have big enough capital when you start. I wouldn't go without at least $50k in my pocket. With $10k-50k you can start doing some forex. You can of course start with smaller capital, but don't hope for big winnings.

Think it this way: You buy $10 stock, it rises 5%, you sell, you win $0.50. You buy $10 stocks with $100,000, it rises 5%, you win $5000.

Yes, I know. That's horrible example, but you get the point, hopefully :) You really can't except to double your money in one night like in the movies. Yes, it can happen, but it usually takes inside info or pretty damn good intuition ;)
 
There is a ton of money to be made in the stock market

no im not talking daytrading, options, & forex

Just buy and hold
 
micfire said:
Well, I have done some money from stocks, but nothing big. First and most important thing is that you must have big enough capital when you start. I wouldn't go without at least $50k in my pocket. With $10k-50k you can start doing some forex. You can of course start with smaller capital, but don't hope for big winnings.

Think it this way: You buy $10 stock, it rises 5%, you sell, you win $0.50. You buy $10 stocks with $100,000, it rises 5%, you win $5000.

Yes, I know. That's horrible example, but you get the point, hopefully :) You really can't except to double your money in one night like in the movies. Yes, it can happen, but it usually takes inside info or pretty damn good intuition ;)
Click to expand...

I've always been interested., know of a good starting point (website) to learn the ins and outs that you recommend?
 
andyem said:
I've always been interested., know of a good starting point (website) to learn the ins and outs that you recommend?
Click to expand...
Honestly I would recommend getting a broker with good track record. I bought some DIY stock books, but after reading for 6 hours I decided it was waste of my time and decided to take the easier route and hire a broker. He has actually studied this stuff for years ;)

TalkGold.com - E-Gold HYIP Forum HYIP Investments is a pretty good starting point. It's a forum, but I bet you can find some links there. At least better ones I can offer :)
 
Read "The neatest little guide to stock market investing". Very easy read and very effective. I experimented after I read the book but I did it with virtual money. My research was serious (the book teaches you how to research) and with $100,000 virtual money I began trading. I still have the same stocks, but haven't any much profit tough.

There are a lot of sites where you can experiment with virutal money, practise first and then do the real thing :-)

If you had some accounting, then the research makes a lot more sense. I read this book before I had any accounting and sometimes the numbers don't make any sense to you. Although the book does a good job explaining, my light bulb really turned on when I had accounting last semester.
 
If you don't have the time or funds to day trade, buy low and hold. You can't expect to make a lot of money quickly unless you have a LOT of money and time.

You can do very well with smaller amounts if you hold.
 
Stay well away from whatever stocks I buy, because sure as hell they tank soon after. I know it's cliched, but don't risk more than you can afford to lose.
 
In my previous incarnation, I was an options trader for a huge investment company. From everything I saw in the industry, there's basically two things you have to do to be successful:

1. Diversify. Buy as many securities you can, of all different types and riskiness.

2. Wait. The buy-and-hold strategy is the way to go....Daytraders rarely make much in terms of actual profit...even with cheap trades nowadays, it's hard to beat the rake.
 
  • Like
Reactions: DruSam
Buy and hold is NOT always the best advice - if you apply that strategy to a portfolio of poorly chosen securities what will be the outcome? Right, a complete loss. So obviously you need to apply some logic to choosing securities and that is where the money is. The problem is that few people are good at it and the good ones aren't good for long.

My advice to people is invest in what you know and understand. This is also how Warren Buffet invests. If you don't KNOW that a business or industry is doing well and that its future prospects are bright, don't invest. THEN buy and hold.

My experience has also shown me that the "average guy/girl" has as much stock-picking acumen as any well-educated mutual fund manager (and demonstrably as much or better success).

Here are some tools/links/books to check out:

Investopedia's Simulator
Yahoo! Finance
http://earnings.com
Investor Home - The Home Page for Investors on the Internet
CNNMoney
My Finance Forum
BEGINNERS: The Intelligent Asset Allocator: How to Build Your Portfolio to Maximize Returns and Minimize Risk
BEGINNERS: The Warren Buffett Way, Second Edition - Robert G. Hagstrom
ADVANCED: The Intelligent Investor: The Classic Text on Value Investing - Benjamin Graham
ADVANCED: Security Analysis - Benjamin Graham
And don't forget about bonds in your portfolio...Many people do and its a simple mistake: My Bond Info
 
Status
Not open for further replies.
Top Bottom