EPTmy budgets around 100$ including fees and crap.....
Stock Trading
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sqwert
United States781 Posts
my budgets around 100$ including fees and crap..... | ||
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ahrara_
Afghanistan1715 Posts
1.) It is never a good idea to put all your eggs into one basket. Diversify. 2.) Share prices have not reached bottom yet, but they are still continuing to fall. Despite the tumbling markets, when it hits bottom is actually a terrific time to invest. 3.) $100 is probably not worth investing, especially if you need that money. | ||
CaucasianAsian
Korea (South)11567 Posts
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KwarK
United States41574 Posts
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Ecael
United States6703 Posts
On October 12 2008 06:06 CaucasianAsian wrote: wait until the stock market balances off, or your $100 is going to look like $10 real quick. And how do you know when that is? What if he misses the chance for a large return because he caught it on the rebound? While it makes no sense to try to aim for the bottom, it doesn't make particularly much sense to wait for some kind of stablizing factor before investing considering how everyone thinks that way. That said, $100 isn't worth investing, make it $1000 and you'll be better off, the returns from $100 to investing stocks is probably less than the happiness and energy to work harder after a couple of meals from that money. | ||
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Hitokiri
Spain306 Posts
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sqwert
United States781 Posts
ok what if my budget was $500 ? | ||
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ahrara_
Afghanistan1715 Posts
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micronesia
United States24483 Posts
On October 12 2008 07:20 ahrara_ wrote: dude, don't invest in a company just because you like them. this is seriously the stupidest thing you can do with your money. this is how people end up losing their life savings. earn a little more, then diversify your portfolio. you wanna ignore my advice, be my guest, but you do so at your own risk. This may be true, but doesn't sound like it applies to him at all since he has so little to invest. | ||
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fight_or_flight
United States3988 Posts
On October 12 2008 07:20 ahrara_ wrote: dude, don't invest in a company just because you like them. this is seriously the stupidest thing you can do with your money. this is how people end up losing their life savings. earn a little more, then diversify your portfolio. you wanna ignore my advice, be my guest, but you do so at your own risk. This is true. The hardest part of being in a market is knowing when to sell, not when to buy. You have to be ready to dump that stock in a heartbeat if need be. Any attachment beyond business is generally a bad thing. | ||
GHOSTCLAW
United States17042 Posts
On October 12 2008 07:20 ahrara_ wrote: dude, don't invest in a company just because you like them. this is seriously the stupidest thing you can do with your money. this is how people end up losing their life savings. earn a little more, then diversify your portfolio. you wanna ignore my advice, be my guest, but you do so at your own risk. With so little to invest, it's probably worth the amount of emotional investment that he's going to put into owning the stock, as well as learning how everything works (although it does look like he's already done a fair bit of research, so he should be okay). That being said, since you're going more for an emotional investment instead of a money making investment, you should go ahead and do it if you want to. If you were trying to make a large amount of money, then you should probably diversify (and you should probably think about investing more money). | ||
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fight_or_flight
United States3988 Posts
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ahrara_
Afghanistan1715 Posts
On October 12 2008 08:50 waterdragon wrote: With so little to invest, it's probably worth the amount of emotional investment that he's going to put into owning the stock, as well as learning how everything works (although it does look like he's already done a fair bit of research, so he should be okay). That being said, since you're going more for an emotional investment instead of a money making investment, you should go ahead and do it if you want to. If you were trying to make a large amount of money, then you should probably diversify (and you should probably think about investing more money). Why would you advise him to throw away a hundred bucks at a whim? Like, why is it at all a good idea to get into investment for "emotional reasons"? If it's just for "practice", he could just invest pretend money in the market. Frankly, it doesn't look like he's done any research at all. Can he tell us what are the other divisions in this company and how much they're making, and what their prospects are? | ||
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EmeraldSparks
United States1451 Posts
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Kickstart
United States1941 Posts
Btw, more than likely things are going to get worse before they get better, you may want to wait to invest anything and as others have said, if your going to invest seriously your going to need to invest much more than $100 and diversifying is generally a good idea (unless you want to be a day-trader, which is fairly risky if you aren't careful). Anyways if you have any questions feel free to PM me and I'll help you out or give you my input if you like  . | ||
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