Posted by: thugged out May 7, 2006
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There's are tons of brokerage firms you can choose from. Check out this website:
http://www.fool.com/dbc/dbc.htm
As they say, you need to diversify your portfolio. Do not buy shares of just one company and expect it to go up. Also do this: go to amazon.com or your local barnes and noble pasal and get a copy of Benjamin Graham's "The Intelligent Investor". Benjamin Graham's book suggests that you buy stocks of 10-30 different companies. I learned it the hard way, trust me. Last year, my portfolio had stocks of only two companies: one was pfizer, and the other...well let me not mention the other one. Let me just say that it filed for bankruptcy and it got delisted and it's trading at 20 cents a share. I got out of it right on time. Had I not done that, I would have lost plenty more.
Second, what sort of a person are you? Are you able to handle the volatility of the stock market? If not, try an index fund. Your return is just dependent upon the performance of the market. Go to this site:
http://www.ishares.com
You may want to build a portfolio of just these index funds. The average market return has been 10%. Also, here is a fact: most mutual funds don't seem to be able to beat the market. I myself am trying to beat the market, and I have not been that successful. But I'll keep trying till I get it right. I'm gonna subscribe to the Wall Street Journal soon; you may wanna do the same.
Hukka,
I had bought Sirius shares at almost 7.10. What happened was that it kept going down and down and I quickly traded it away. Now it's hovering around the 4.70 area, and it seems like it's not going anymore down. Looks like there is some sort of support in this area. I personally think that if you wanna invest in Sirius, you really need some cojones. This is one helluva volatile stock. Hukka, I have 10 different stocks. I don't want my protfolio to be any more volatile than it already is.