Sure, there's money to be made. But there's also money to be lost. There is no sure thing in the stock market. Are you willing to risk losing some of your money?
If so, then ETFs or mutual funds of stock indexes, like the S&P 500 or Total Stock Market is a good way to enter the market get broad exposure. Look for an ETF or index fund with no commissions and low expenses. Vanguard has a Total Stock Market Fund or S&P 500 fund with very low expenses.
2007-02-16 10:58:37
·
answer #1
·
answered by Uncle Pennybags 7
·
0⤊
0⤋
Yes, you can. You can also lose your shirt if you make bad investments. The best thing you can do if you want to start investing in the market is educate yourself on what to look for in the stocks you want to invest in. You need to learn what makes a good investment. There are lots of websites that can help. Check out Yahoo Finance, Motley Fool, etc.
If you get those spam emails that promise you a 300% return, don't fall for it. I've yet to see one that actually made a 300% return. The best way to make money in the market is to buy shares in good companies and leave them alone. I give every stock I buy a minimum of 5 years, unless something within the management of the company changes or there is some other fundamental reason for selling it early. I have some investments that I have well over a 100% return on. However, that sometimes takes years. But, I also have one I bought last November that's already got a 60% return on it. And I also have some I've lost money on.
So, first things first. Go educate yourself on the stock market and remember, if it sounds too good to be true, it probably is. Don't fall for huge return claims. Sometimes you'll get them but be highly suspicious of anyone that claims some stock is going to go off like a rocket.
2007-02-16 19:06:47
·
answer #2
·
answered by Faye H 6
·
0⤊
0⤋
Education is the key to investing. You need to read everything that is valid regarding the stock market to understand how it works and how you can benefit from it.
It is risky. It is unpredictable...to a certain extent. However, it is like anything, including history, it repeats itself. Therefore, there is some predictibility that is documented.
When you invest, it is best to not put all you eggs in one basket so to speak. You "diversify" your money in different vehicles so when one goes flat the other is going up and you have a balance not a loss. For example: you have bonds, stocks and cash in a portfolio. If you log onto Charles Schwab's site, they have wonderful tools to use that will show you pie charts with examples of what I am speaking of.
2007-02-16 19:01:26
·
answer #3
·
answered by MadforMAC 7
·
0⤊
0⤋
You can make money in the stock market. You can also lose alot. I think the best way to invest is to buy what the best investors are buying. You can find this information at http://www.top10traders.com - this is a free site that lets you create a portfolio of stocks with $100,000 in "play" money. Each day the site ranks the best performing portfolios, so you can see how your picks perform compared to other investors. You can read posts on investing from the best traders, as well as share your own investing ideas. There is a charting feature, so you can see how your portfolio performs compared to the S&P 500. Also, you can create your own "group" so that you can see how you are doing compared to your friends.
Here are this month's best traders:
http://www.top10traders.com/Top10Standings.aspx
Hope this helps.
2007-02-16 19:54:48
·
answer #4
·
answered by Anonymous
·
0⤊
0⤋
Making money in the stock market is all about being informed.
But the best information is what can get on your own. Many will sway you one way or the other but it's your money. Research what people tell you and don't get pressured into buying what has not been investigated.
Take it from me. Trust no one when it comes to your money.
2007-02-16 19:24:53
·
answer #5
·
answered by joe s 2
·
0⤊
0⤋
you can genuinely make money in markets provided u do ur home work right..
do not buy shares on only based on advice..
study abt the company fully..dont enter a stock without knowing its profile..
buyin at right moment and selling at right moment is important
do not be greedy nor have fear..
u will make money..
2007-02-17 02:59:44
·
answer #6
·
answered by heartly r 2
·
0⤊
0⤋