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nimysa
United States383 Posts
Recently I have been trying to learn investing and financial thins. I want to start investing in the stock market and a whole lot of other related stuff right now. Unfortunately I am not knowledgeable nor do I know much about investing or anything about finance that well, so I am sort of a newbie in this. I was wondering if you guys could help me by giving me any tips for starting with baby steps since I'm a complete noob, any advice, online links I could use for help and learning etc, thanks.    | ||
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alphafuzard
United States1610 Posts
there are many different investing plans that focus on a large number of stocks, you have to do some research to find out which would be the best for your cash range edit: you might want to wait a few weeks though till the market chills out : / | ||
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il0seonpurpose
Korea (South)5638 Posts
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Chef
10810 Posts
Poker is the new investment game, and it's not all that different from playing the stocks... But you still need to be smarter than everyone else you're playing with. I say you invest all your money in a pirate ship and sail the seven seas for treasure. | ||
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anderoo
Canada1876 Posts
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ShloobeR
Korea (South)3820 Posts
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HeavOnEarth
United States7087 Posts
On September 21 2008 09:09 ShloobeR wrote: Heh, reading the news is a good start dude! lolol ;D wait a sec ima find that little clip aw whered it go  nooh | ||
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d(O.o)a
Canada5066 Posts
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Ender
United States294 Posts
On September 21 2008 08:43 anderoo wrote: shitty timing to start investing dude Depends. The key point is to buy cheap and sell big. When are stocks cheap? Usually when a certain sector of the economy isn't doing so well. So when the economy comes back up, you sell big and make a profit. Also, diversifying is important. But, the most important thing is to have a plan and stick to it. | ||
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XCetron
5226 Posts
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Last Romantic
United States20661 Posts
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micronesia
United States24752 Posts
On September 21 2008 08:42 PsycHOTemplar wrote: Generally I would think succeeding in the stock market means being smarter than most of the other people investing... Since you only make money by selling unpromising stocks at a high price, and buying promising stocks at a low price. So asking for public opinion of where you should start is pretty ridiculous... Not to mention everything you could want to invest in, in the United States, seems to be a pretty slippery slope down from my perspective. Think Black Tuesday. Poker is the new investment game, and it's not all that different from playing the stocks... But you still need to be smarter than everyone else you're playing with. I say you invest all your money in a pirate ship and sail the seven seas for treasure. Asking for public opinion on which stocks to buy would be ridiculous. Asking for public opinion regarding how you can train yourself to learn the basics is not. | ||
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ploy
United States416 Posts
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mahnini
United States6862 Posts
you'd think i'd be kidding but i'm not | ||
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haduken
Australia8267 Posts
Invest in diverse and many portfolios. Have patience and above all have a sense of discipline. Don't make rush decisions, be informed, do your own homework. Everything else can be learned and told but what i said above is easier said than done. | ||
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kpcrew
Korea (South)1071 Posts
On September 21 2008 12:08 haduken wrote: The idea of investment is not to focus on short-term gains but rather have an eye for long term benefits. Invest in diverse and many portfolios. Have patience and above all have a sense of discipline. Don't make rush decisions, be informed, do your own homework. Everything else can be learned and told but what i said above is easier said than done. agreed. right now is a great time because there are alot of undervalued companies which have lower than usual prices due to the current market and the panic that went through investors because of the mortgage and financial crisis. if u invest in the companies that were "saved", im sure that they will rebound | ||
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Yogurt
United States4258 Posts
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eborp
United States266 Posts
Diversification is a good initial strategy because you have less risk, but it also limits potential gains. Also always make sure to save some money into "safe" investments, like bonds and such. Going straight stocks is a recipe for disaster. | ||
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Physician
United States4146 Posts
On September 21 2008 09:09 ShloobeR wrote: lol.. Heh, reading the news is a good start dude! | ||
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SexY[RawR]
Korea (South)52 Posts
On September 21 2008 13:15 Yogurt wrote: DIVERSIFY YOUR BONDS NIGGA ROFL | ||
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SexY[RawR]
Korea (South)52 Posts
And if you die your family gets 50,000$ including of what you put into it. | ||
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Not_Computer
Canada2277 Posts
On September 21 2008 13:15 Yogurt wrote: DIVERSIFY YOUR BONDS NIGGA QFT ... LOL | ||
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Sky
Jordan812 Posts
...or is that illegal? | ||
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Zalfor
United States1035 Posts
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Caller
Poland8075 Posts
BUY SILVER lol | ||
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Taiche
France1963 Posts
On September 21 2008 15:24 Zalfor wrote: now is a good time to buy No. Buying right now is like catching a falling knife, you will only get hurt. SEC banned short selling No, SEC banned short selling only for a limited list of stocks (mainly financials) ; you can still short Google if you want. so the market can go nowhere but up No, there are various types of ways of trading, simple stock trading is only one small part of trading. For example, I trade futures on indices on the US market and believe me, I do have the right to short whatever I want. Finally, it's not because the market went up like crazy on Thursday/Friday that it will not go down in the days to come. Because of all the panic, people tend to overreact to any good news they can get ; what do you think will happen on next bad economic news ? (remember : the recession has not magically vanished) For the OP : what you really want to do before investing real money is read lots of stuff about what a financial market is and how it works. Then, there are many available resources (websites, blogs, books) that will introduce you to the basic principles of trading and stuff. Even if you merely want to invest on stocks without knowing the details, I wouldn't advise going for it unless you're prepared and know a bit more about this. GL anyway !  | ||
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Nytefish
United Kingdom4282 Posts
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QuanticHawk
United States32102 Posts
On September 21 2008 08:33 il0seonpurpose wrote: now's not a good time to try to invest. Actually, it's probably the best time to invest. Shit hit the fan and everything is dirt cheap now. Also, invest in commodities (silver, unless you, by some miracle, have an extra $50g or so laying around, then get gold) since the stocks are incredibly volatile now. Silver has to go up. Hurricanes (we're in hurricane season now) make them drive up, since the price is closely tied to the price of oil. Once the presidential elelection is settled, it will go up. And, most importantly, holiday season is here. Jewelery is still one of the driving forced of precious metals. Get in before that. Some general rules to follow... • Don't put in more than you can afford to lose. IE., if you have only $5,000 to your name, you don't go sinking $5,000 into stocks, gold or whatever. Put in $1,000 or 2 instead. It will still suck when if shit hits the fan (but it won't—that's why metals are good, they always hold SOME value) you have shit to fall back on • Read the news. Every fucking day. Paper, yahoo, whatever. And do NOT forget kitco.com (metals and oil trading site, best coverage you can find) If you can't be bothered to check a couple times a day, don't waste your time. • Plan on investing for the long haul. You won't make shit day trading or short term trading without a lot of experience and a lot of money—neither of which you have. | ||
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nimysa
United States383 Posts
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Taiche
France1963 Posts
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