2007-01-31 15:20:11 · 5 answers · asked by rachel 1 in Business & Finance ➔ Other - Business & Finance
You can land one big strike if you are lucky. But to be a Warren Buffet, you need to have some brains and a lot of hard work.
2007-01-31 15:28:19 · answer #1 · answered by eric l 6 · 0⤊ 0⤋
both. I mean just look at the internet bubble; people were driving up the prices of stocks of companies that never made any money and had no chance of ever making a profit. Then Microsoft get hit with a slough of lawsuits, and then 9/11 happened. Prime example I bought an AIDS (primarily) research company. It teetered from $4 to about $12 for more than 5 years and I got rid of it at (surprised?) $4. 18 months later I was just wondering how my old friend was doing. Mistake!! $196!! Nothing had changed as far as profits were concerned. Now it's back to single digits, last time I checked.
I feel like I'm getting better at investing. My suggestion: watch Jim Cramer on "Mad Money."
Many happy returns
2007-01-31 23:37:18 · answer #2 · answered by quillologist 5 · 0⤊ 0⤋
BRAINS: If you do all the homework you will find the company that has a lot going for it and you will wonder why no one else knows. You can make a small investment and a big return when others wake up.
I bought stock in a company, waited one year, before anyone found out that the company was around. DO YOUR HOME WORK AND STAY AWAY FROM THE HYPE.
2007-01-31 23:28:40 · answer #3 · answered by whatevit 5 · 0⤊ 0⤋
brains. knowing what investments are good will help out. just do your research and it will help. read the wall street journal or possibly follow a few different types of stocks to see how they fair over a few days/weeks.
2007-01-31 23:25:15 · answer #4 · answered by ? 3 · 0⤊ 0⤋
risk. higher the risk means potentially higher returns or bigger loss.
2007-01-31 23:28:11 · answer #5 · answered by crly 2 · 0⤊ 0⤋