Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
Learn as much as you can about the market, and the target companies you plan on buying. Learn what alpha and beta means. You might want to buy a series 7 study guide--its alittle boring but well worth the investment. Also, do not speculate unless you can lose alittle money.
It's simple in that stocks are simple pieces of paper, (ownership) of a company.
Generally, if the business does really well over a long period of time, you do well as a part owner. I.e. if you own a piece of Ebay or Starbucks, you'll do better than a defunct auction company or a fast food chain that fails.
The investment world is made far more confusing than it really is by all the newsletters, "coaches", personalities, gurus, experts, people on tv. They're all peddlers basically, no different than a peddler on the street that tries to hand you a flier for an upcoming club or they want you to buy something.
I would be extremely wary of the experts, the newsletters, the "try my subscription for $95", the world is littered with people trying to sell you information.
Common sense will go farther than the experts or the newsletters.
On tv you might here about the market "always going up" or companies that always "go up". Just completely crazy. Go to a mall or shopping center, lots of companies go out of business. Yet on tv, "companies always go up". Total lunacy.
I wouldn't worry about taxes, that's a good thing.
The bad information and the peddlers (i.e. gurus, people on tv) is what you should watch out for.
I invest most of my stock market money in one ETF it is called VTI
It mirrors the value of the total stock market in one stock.
VTI
Another option is SPY (the S&P 500)
or QQQQ (The NASDAQ Market)
Last edited by total_genius; 06-23-2008 at 06:38 AM..
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.