I'm just getting my IRA set up and I want to invest. Since I'm young I'm more risk tolerant, however because I'm young I also only have a couple thousand to invest. Generally I'm told that if you have less, you can't be too risky, but if you're my age you can be very aggressive.
What exactly is "being aggressive" Buying and selling more often? Hanging on to a rising stocking in hopes of selling it at it's peak rather than taking profit? using stock option strategies?
I also heard something about buying LEAP call options and using them as a collateral to write off calls, but don't quite understand it, however I understand that ETFs seem to be more stable for using as option spreads.
If anyone has a good site that could explain most of this stuff, or if you could just share a quick point about one of them it would be greatly appreciated..
Thanks
2007-03-04
07:09:20
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9 answers
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asked by
keyboring200
2