2007-02-28 03:21:20 · 14 answers · asked by Charles R 1 in Business & Finance ➔ Investing
I JUST WATCH CNBC AND FIND OUT WHAT EVERYBODY ELSE IS DOING AND JUST DO THE OPPOSITE!!
ITS EASY!!!
2007-02-28 03:22:39 · update #1
Yes I agree! It is soooo easy. Everything I buy just keeps going up and up. This will go on forever won't it?
2007-02-28 04:29:07 · answer #1 · answered by Spike 2 · 0⤊ 0⤋
Is that so? Yesterday the markets were falling as people were selling off, so I decided to buy £30/point on the FTSE100.
By today it was off a further 100 points, so I had lost £3000
oops.
But you're right - I've increased another £10/point, and I expect to make my money back in the next few days, and a thousand or so profit too.
I think the key is to go long when the market is experiencing fear. Fear is an emotion and is therefore irrational, and causes people to sell off more than they would if they were rational about the problems, so after a few days when the fear is gone, they will go back into the markets and pump the prices back up for you.
2007-02-28 16:20:28 · answer #2 · answered by Anonymous · 1⤊ 0⤋
If your trick really works, then you'd better not tell people, or else it may stop working. Most people would say it is not easy to beat the three rivals of the SM: real estate, savings accounts and the bonds market, because of transaction costs, the fluctuation volatility, never knowing when's a good time to sell, and the risks & uncertainties.
2007-02-28 11:44:16 · answer #3 · answered by Wise Kai 3 · 0⤊ 1⤋
The stock market will always go up in the long run - you just have to watch out for those crashes! You can't guarantee it
2007-02-28 11:26:03 · answer #4 · answered by tor 4 · 1⤊ 0⤋
Only lucky ones make money on stock market. Rest of us just loose our savings. I lost $50000 on stock market and lot of my friends lost their entire life's savings. Stay away from the stock market it's good for your health as well for your home too.
2007-02-28 11:38:50 · answer #5 · answered by Kiran 3 · 0⤊ 1⤋
Trust me :) it's also easy just to loose a lot of money! Don't "play" with it.. it needs a serius study to earn something in the end of the year..
2007-02-28 11:24:07 · answer #6 · answered by Lorenzo 3 · 0⤊ 0⤋
It beats working for a living
2007-02-28 11:34:44 · answer #7 · answered by Anonymous · 0⤊ 0⤋
Of course it's easy! That's why everyone you know is a millionaire!
2007-02-28 11:25:29 · answer #8 · answered by SuzeY 5 · 0⤊ 0⤋
I thought that as well until GEC went down
2007-03-02 16:14:44 · answer #9 · answered by Professor 7 · 0⤊ 0⤋
enjoy the ride you're taking now- it will end. unless, of course, you are really smart and are investing most of your earnings into safer investments.
2007-02-28 11:29:59 · answer #10 · answered by shar71vette 5 · 0⤊ 0⤋