2007-01-16 14:49:55 · 9 answers · asked by jimithng23 1 in Business & Finance ➔ Investing
Here is my personal opinion, but then again, opinions are like rear ends, everyone's got one.
In my experience, it is not wise to day-trade stocks. Yes you might be making money at first, but eventually you WILL lose--simply because stocks need time to appreciate. In my opinion, one should not get into the stock market if he/she does not INVEST (not trade) their money in it for at least 5 years. The stock market is cyclical, and we go through an up and down market every 3-5 years.
For short term income, I would look into mutual funds, Money Market (CDs), or the FOREX market, although the latter also has its risks.
2007-01-16 15:28:20 · answer #1 · answered by gcl915 2 · 0⤊ 0⤋
If you are starting with no previous knowledge, you should look for "Investing for Dummies" or something similar. It will give a clear view of the broad basics of investing. You might look for a textbook at the bookstore of your local university or college. These texts are expensive and can be very advanced. It's probably better to search the Internet to answer your questions. It's free and that is the best kind of investment!
2016-05-23 22:52:37 · answer #2 · answered by Anonymous · 0⤊ 0⤋
I would strongly advise you to put in CD for 6 months as you have no knowledge of stock market. It would be a dangerous act to invest without knowledge. You would not cross a unbridged river without knowing how to swim right?
2007-01-16 18:50:43 · answer #3 · answered by Dang 3 · 0⤊ 0⤋
Well, don't throw your money into something you know nothing about...first do just a little reading at: http://moneycentral.msn.com/beginnerguide.asp?page=introduction
or...http://www.finance/yahoo.com
It's not a lot and you'll do better if you have some idea of what you're looking for...because " best" can mean about five different things!!
Once you have some plan..check out E-trade...simple to send a deposit and get an account you can trade with.....
First step would be to invest in a company that you know something about.... computers? restaurants? clothing store?
Look 'em up , see what their "chart" looks like...
If you can find anything or think of something...either go with a company like JNJ or PG ( look 'em up)..someone that's selling everyday goods that everyone needs.......so in six months, you'll probably be up a little and you'll start saying to yourself.." you know. if I read a little more about a couple of other companies...I'll bet I could do better!!"
"Look at the lines at "Red Lobster" "(DRI)
" Man, no one buys American cars anymore" TA
" Those liquor trucks are always delivering!" DEO
" Everyone's got a big-screen T.V.!!" GLW
Have a good time..good luck......but read, read, (unless of course you just found that money in the street.
2007-01-16 16:12:23 · answer #4 · answered by jebediabartlett 6 · 0⤊ 0⤋
check out fidelity. they have no load funds that buy a nice cross section of issues, which helps you to avoid market risk.
Get started young, and keep saving.
Save, save, save.
When a great opportunity comes along, you will feel lucky you did.
By the way...the definition of luck is:
When preparation meets opportunity.
2007-01-16 15:51:22 · answer #5 · answered by Lion J 3 · 0⤊ 0⤋
what do you mean by best 6 month investment, like what is the best 6 month investment. If so study,...... study hard.
2007-01-16 14:57:34 · answer #6 · answered by Ozzie 1 · 0⤊ 0⤋
I suggest you put some money in stock and balance in Forex trading as it will give you fast returns. Stocks is a long term investment.
http://money-review-site.com/investment.html
2007-01-18 08:26:22 · answer #7 · answered by Anonymous · 0⤊ 0⤋
Open a brokerage account at TD Ameritrade.
2007-01-16 20:07:37 · answer #8 · answered by Anonymous · 0⤊ 1⤋
I accept email.
2007-01-20 13:50:50 · answer #9 · answered by 4x 2 · 0⤊ 0⤋