Posted by: goosfraba April 13, 2010
Beginner- Trying to invest in Stocks
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Saathi


I do not want to sound discouraging because i myself  have money invested in stocks.


But there are 2 things you must consider


First is that 1k is (and please note i'm not trying to be disrespectful) not going to be enough if you want to invest in the US.You will have to invest in penny stocks if you want to make any sort of profit.And penny stocks are extremely speculative.Also the money will have to be invested for a longish period of time.And with 1k by the time you are done with taxes,the profits will be minimal to none.


Secondly,your timing is a little off.Last year the markets were on fire and no matter where you invested,the rewards were bountiful.This year,even with a lot of research,it has been somewhat of a struggle to make money.And like i said,with 1k i don't see much happening.


As a solution i can offer you two possibilities-you can take the money and invest in a good bank's stock in Nepal.If you can keep the money there for a couple of years,the rewards will be good.Also in Nepal,1k will have a lot more value than here.


Or you can invest the 1k here,but what you need to do is to keep adding to the account until you have atleast 5-10k.Only then will the investment be meaningful.


This is not an endorsement either to invest or to not invest.This is only my opinion.Investing in stocks can lead to pretty severe losses,and one should only invest if one is willing to risk all the money invested.


That having been said,it is your money to do as you please.


Good luck to you.Cheers.

Last edited: 13-Apr-10 05:25 PM
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