Posted by: fountaindew December 27, 2014
INVESTING IN STOCK HELP NEEDED
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I've seen a bunch of threads asking for stock investment. Well for starters it's not a get rich quick scheme. Now a lot of people above like Kiddo and Hakim saab have provided thougtful insights.
First and foremost thing from my viewpoint is that I don't believe in penny stocks. You may make a lot of money but you can lose just about the same. It's like gambling in my opinion.
Second thing like Hakim saab said, it takes a lot from your work time and eventually your career. Holding stocks is a risky business and you have to constantly watch the market and update yourself about the performance and fundamentals of the company you are investing or planning on investing. You'd need to know what's the right time to enter and exit. For that it requires a lot of effort and of course experience.
The best thing for you is start with hakim saabs advice and go with etf, mutual fund, etc. Once you study how it works, where these funds are investing their assets, and why they are doing that, you may get a better idea on creating your own portfolio. A well balanced portfolio will keep you out of trouble and make you money over the course of time. A lot of online broker tools give you the ability to analyze your portfolio for risks and you can adjust accordingly.
Bottomine. It's a high risk game. I have lost thousands just in a matter of few hours and you can imagine how stressful it may be. You need to have a strong heart and resilience to withstand such events and keep going forward learning your mistakes. You can make good money off of stocks, but it requires due diligence, patience and perseverance.
Don't think of it as a get rich quick scheme. It requires as much effort as any other profession.
Last edited: 27-Dec-14 11:51 PM
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