http://tmtt.com/ , this sight says u can make money of the stock market what do u think?

Question

This seems to good to be true, i mean if it was true wouldn't they keep it a secreat so they could make more money?

please give your opinion, becuase i mean if it does work my mom wouldn't have to go to work anymore she could just stay home from now on and i would be able to give a payment to a house all by myself and i could have money.

Comone 5 grand a month is good, my family could live of that and have money left over.

Answer 1

No, no, no. There is plenty of money to go around, so there is no reason to keep it secret. It is not like everyone in the world is going to be doing the exact same trades anyway.

I got started in trading by attending a seminar, myself. It was a two-hour deal, the guy talked about certain signs and then made his sales pitch. He was pretty good at it, so it was interesting to watch him work it. The program was well over a thousand dollars, so I didn't buy it. I took my notepad and my pen and went home a little more excited than I was when I got there.

Five thousand a month is not only feasible, it is not even on the "crazy" end of the spectrum. In fact, within a year, you will see that five thousand a month from your trades is really about right and not some outlandish possibility. What you want to avoid is day-trading and over-trading.

It looks like the course (that they will hawk in the free seminar...) offers software that yields buy and sell signals. If you tweak it right and follow only "sure things," then you should only be making about four or five trades a month at the most.

I like the way you think about your mom not having to work any more. That is a great reason to buckle down, save your money and study the market like it is going out of style. First stop, the free seminar in your area. (Don't worry, they won't make you buy anything...)

Best of luck to you!

Answer 2

Take that 100 bucks from the next sum you want to invest and go and buy the Rich Dad, Poor Dad books by Robert Kyosaki. Buying Pfizer probably won't lose you money in the long run but have you looked in to what it'll cost you to take the money out. On sums that you are dealing with it could be about 30% of your profit. We all need to diversify. Have sums available that are liquid and some that you can lock away. You are to be congratualted on starting a longterm savings plan so young but be sure that you are happy to reinvest the dividends otherwise you will erode your main source of capital growth. By the way, there are no risky investments, there are just risky investors and it sounds like you are a very risky investor by buying stocks that you have no idea about. That is why I'd invest first in education so that when you make a load of money (as I hope you do) you have a prayer of holding on to it. You need education, a plan to work and some really good advice. Go find the richest person you know and ask them for their advice. Then follow it no matter how boring it sounds. And to answer your question about how you could lose money on Pfizer in the long run the answe is that you could argue that you probably won't but what if you HAD to sell soon, then you may lose money. Also it's not about absolute returns i.e. what you sell for minus what you paid. You need to calculate what that money could have done for you in another investment or even paying down debt. Inflation will also erode the value of your money by about 2-3% per year so you need to account for that in your calculations too. Complicated isn't it? Good luck anyway you are eons ahead of most of your peers.

Answer 3

How much profit you make will depend on capital available, your devotion to the task and LUCK.

Mutual fund companies employ dozens of highly skilled analysts to research companies and yet few of them beat the market average (ie,the index)

If profits were so easy none of us would be working for an employer. In the long term you will do just as well putting your money in a tracker fund.

Answer 4

Before you put money into anything, talk to a money manager , / financial advisor, or you may be burned.