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So, I'm a recent graduate, and I've heard how some people my age do trading and get some nice money back. So I was considering it. Where would I start, hahaha, how much stock should I buy initially, because I don't have that much, and what steps should I take to not get screwed?
I'm thinking about buying some stock in these places, when I get more money in my savings.
So, I'm a recent graduate, and I've heard how some people my age do trading and get some nice money back. So I was considering it. Where would I start, hahaha, how much stock should I buy initially, because I don't have that much, and what steps should I take to not get screwed?
I'm thinking about buying some stock in these places, when I get more money in my savings.
Google
Amazon
Apple
What's funny?
If you're thinking of trading--as opposed to investing--you have a lot to learn before you just start buying stuff hoping to get rich quick. Vegas is easier to learn and has about the same odds.
If you're thinking of investing, you also have a lot to learn, but there are options that would serve you all right until you learn more. Stocks aren't the only option. Buying actual bonds isn't the only way to be in fixed income. Not everything that looks like a stock is a stock. Why would no one in his right mind buy most mutual funds right now? What does the Q at the tend of a five-letter ticker mean? Why is anyone who talks smugly about index EFTs a moron? How much can you dilute commissions with the amount you have to invest?
In any case, the most likely thing that will 'screw' you is your own eagerness, this sense that omigawd it's going up I'm going to miss the boom I gotta buy gotta buy gotta buy. I remember it when I was 23 and a recent college graduate, looking back at recent market trends and feeling pretty confident in that September of 1987. I made my move and I was sure I couldn't lose.
I suggest Jason Kelly's Neatest Little Guide to Stock Market Investing. I also suggest an extended participation on Motley Fool. All sorts of people far more sarcastic and self-assured than I will be there, arguing and discussing and correcting each other's answers to questions. You'd learn from watching them.
Read up on financial sites first like www.fool.com and such. Think about how much you have to invest, the cost of each share and trading costs. Since you dont have a lot, familiarize yourself with capital gains tax rates.
1. Find big companies that are solid (so your shares have little chance of becoming worthless). Iffy companies and newer offerings are much more of a risk. Make sure they generally trade large volumes so you wont have a problem unloading them or buying them at a particuliar price.
2. Buy them when they are no more then 50% of their 52 week high.
3. Pray/hope/cross your fingers, etc, that they go up closer to their 52 week high.
For long term, generally just load your portfolio up with strong companies. The Dow returns about 10% on average.
1. Find big companies that are solid (so your shares have little chance of becoming worthless). Iffy companies and newer offerings are much more of a risk. Make sure they generally trade large volumes so you wont have a problem unloading them or buying them at a particuliar price.
2. Buy them when they are no more then 50% of their 52 week high.
3. Pray/hope/cross your fingers, etc, that they go up closer to their 52 week high.
For long term, generally just load your portfolio up with strong companies. The Dow returns about 10% on average.
Oh boy, should I drill you?...Nah, I'm going to presume you're joking.
Trading stocks is very simple.
........
For long term, generally just load your portfolio up with strong companies. The Dow returns about 10% on average.
The Dow is a weighted average of just 30 companies. However assuming you did this, then your returns from a decade ago would be ~$0. Zero dollars.
Oh boy, should I drill you?...Nah, I'm going to presume you're joking.
I really dont care about what you say.....Im not impressed by anything you have to offer. You arent the say all to trading as you think you are, you are just another CD talking head. Go home.
If you follow my very simple method, you will consistantly see returns in the vicinity of 25-30%. I can guarantee that.
The Dow is a weighted average of just 30 companies. However assuming you did this, then your returns from a decade ago would be ~$0. Zero dollars.
The market has ups and downs, some times they are huge, sometimes little, but the longer the given horizon, it will normalize closer to 10%.
For instance, how much would someone who dumped some money in an index fund in 1981 have? The Dow peeked at over 13,000 pts higher 26 years later, and is still sitting at over 9000 pts higher today.
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