It doesn't have to be a lot of money, I am not trying to get rich. But just make about a couple thousand dollars.
2007-02-15 00:35:26 · 5 answers · asked by Anonymous in Business & Finance ➔ Investing
Well this is actually for a game at school and we have $100,000 to invest.
2007-02-17 07:36:49 · update #1
Market really doesn't work that way. Because if it did, everyone would be in on it. Such claims are for scam artists. You will just end up wasting your money.
2007-02-15 00:43:59 · answer #1 · answered by Developing Minds 3 · 0⤊ 0⤋
I'm afraid you've been watching way too much television if you think someone can plunk down a few hundred bucks on "some stocks or mutual funds" and get a few thousand dollars in return. Stock and fund investing is meant for long term gain, like retirement, or for asset growth if you have large amounts of expendible income. The few who play the market like a lottery to "get rich quick" usually end up losing money (usually other peoples money) in their gambles.
All that being said, if you want to play, the hottest stocks are going to be ones that are about to break through with new market items. Check bio-engineering companies and pharmacuticals that may be poised to introduce ground breaking drugs in the next few weeks.
2007-02-15 00:52:03 · answer #2 · answered by Josh 2 · 2⤊ 0⤋
To make a couple thousand dollars in a few weeks???? Well, you'd need to first invest hundreds of thousands of dollars into the stock market, actively trade, and be ready to sell at peak moments.
To make that amount of money, hun, you will need a lot more to invest. You can't do it with a small chunk of change.
2007-02-15 00:44:19 · answer #3 · answered by casey_leftwich 5 · 0⤊ 0⤋
It's best you don't risk that money you have saved. A small amount isn't going to produce anything really significant, and more likely than not, it will just be taken by the sharks, who have been at it a lot longer than you.
Your best bet is to stick with something more stable, like a Blue Chip company; Apple Inc, Microsoft, Caterpillar. Someone who actually produces something you know is tangible; a company you know isn't going anywhere, unless the entire economy collapses.
If you need some brief overviews on terminology and other techniques browse, http://www.wikistock.com
2007-02-15 00:54:13 · answer #4 · answered by ehyal 1 · 0⤊ 0⤋
if it were that easy dont you think everyone would be doing it?
2007-02-15 00:39:29 · answer #5 · answered by chris m 5 · 1⤊ 0⤋