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Well im lookin on gettin into the stock market, were studying it in class and i find it to be really interesting and theres alot of money to be made there. (i know a big risk too). but i was just wondering if anyone had tips or know of any cheap stocks to gettin to that you think well start to rise or a company on the low that is going to rebound? (keep in mind im not rich so i need kinda cheap stocks nothing like 30-40 a share.) thanks

2006-11-11 19:04:11 · 2 answers · asked by empire_942 2 in Business & Finance Investing

2 answers

If I were you I would definitely stay out of the stock market altogether right now. You need WAY more knowledge than it appears you have and any money you "invest" without knowing what you are doing is basically just outright gambling.

Also, you say is there a good "stock" when in fact the most important rule is to diversify and buy many stocks. If you buy only one, it could go bankrupt, which has happened to me twice in the past when I was young and didn't know better.

When you do buy stock though, one good strategy is to find a product or service that has just come on the market and you and your friends love it. If it is that good, then probably lots of other people will love it as well, which means more sales and more profit for that company. Just make sure it is a product/service that is innovative and just came out, like....krispy kreme when people were first getting into it.

2006-11-11 19:52:23 · answer #1 · answered by Anonymous · 0 0

first shortlist few stocks fundamentaly

then buy them with technical buy signal use aptistock freeware

price of stock not matters % return profit is more important

2006-11-12 05:02:49 · answer #2 · answered by dinu_pawar 5 · 0 0

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