2006-10-06 04:32:48 · 5 answers · asked by amanda pr 1 in Business & Finance ➔ Investing
i mean, im thinking about doing it, but, im also going into the military and will not be able to do anything with it untill late june 07... i somewhat know how it works but, im not to sure.. and i was just wondering if it was worth it or not.
2006-10-06 04:37:15 · update #1
I'm sorry to say $500.00 won't do much for you. If you buy it now, you'll probably get around 15-18 shares.
I'll suggest reading a bit on stocks and if you don't have the time, try researching mutual funds. While you're in the military, have an automatic deduction set up to disburse $100 or more to your fund. That way, you can build it up a bit if the stock market is doing well, while you're away.
Just a summary about stocks.
Basically, you're purchasing shares of the company, in form of stocks. If the outlook and the performance of the company is doing well, the price of stock will go up. If it's not, then the price will dip.
A lot can happen in one year, so it'll be a bit difficult to predict.
Let's say you bought 10 shares of msft at $28 a piece ($280 total). In one year, msft went up $10. You make a profit of $100 minus trading cost. Vice versa if msft is doing poorly.
There are a lot more to it, but I'm afraid, it'll be a long post. I tried to make it as brief and informative as possible. Hope it helps a bit.
Good luck in the military, whatever branch your in. If you're in the marines, Semper Fidelis.
2006-10-06 04:55:55 · answer #1 · answered by xugu 2 · 1⤊ 0⤋
Buy the October eighty five places on ENR pay not more than four.eighty according to percentage Buy a small quantity to start and if the choice falls to four.30 purchase extra Maybe 6 contracts at four.eighty and 10 contracts at four.30 and purchase 10 extra contracts at three.eighty if it will get that low. I will inform u have been to promote as good preserve in touch with me. Buy whilst i say purchase and promote whilst i say promote.
2016-08-29 07:00:29 · answer #2 · answered by ? 4 · 0⤊ 0⤋
he said "if" meaning hypothetically
anyway, stocks rise and fall based on many different factors (quarterly profits/losses, public confidence, future security, etc)
I'm sure you understand ask stocks rise, you make more money. Basically it is a "safer" form of gambling, do you believe your stock will rise or fall in the coming days/weeks
2006-10-06 04:42:57 · answer #3 · answered by Anonymous · 0⤊ 0⤋
You invested $500 without even knowing how stocks work?
Wow.
2006-10-06 04:35:17 · answer #4 · answered by Phoenix, Wise Guru 7 · 0⤊ 1⤋
get yourself a financial adviser. If you are in California, I know several good ones including my wife.
2006-10-06 04:41:06 · answer #5 · answered by bravenarr 2 · 0⤊ 0⤋