I have a question, all i have is $2000.00
and want to buy stock tomorrow but i am scared to loose money, which stock would you recommend? I would appreciate any suggestions. Thank you very much! I appreciate it!
2007-03-19 14:40:56 · 11 answers · asked by Anonymous in Business & Finance ➔ Investing
Wow! Some really bad advice above for a newbe scared to lose money. Vanguard Index funds are good, but require $3,000 minimum (unless you buy them inside an IRA). Stay away from currency and penny stocks (even stocks under $5) if you don't know what your are doing. What is the rush to buy tomorrow? You must learn first. Read "Investing for Dummies" by Eric Tyson first.
2007-03-19 15:49:50 · answer #1 · answered by gosh137 6 · 0⤊ 0⤋
Invest in a mutual fund and let someone else do the purchasing. For example, every two weeks I buy stocks through my 401k...and Fidelity does all the work. It's a long term strategy and I don't try to "beat the market". Over time I just keep buying shares and "dollar cost averaging" does the work!
2007-03-19 21:47:49 · answer #2 · answered by street4success 2 · 1⤊ 0⤋
I don't think it's a good idea buying stocks based on recommendations. It's much better to learn and research about stocks on your own, and listen to your own advice.
Also with only $2000, you would probably be able to buy only small cap stocks, which could give you more gains, but are also more volatile with higher risks.
One tip is to stay away from stocks on OTCBB exchanges.
2007-03-19 21:48:04 · answer #3 · answered by Michael784 2 · 1⤊ 1⤋
Before you buy any stock you need to do research first if you want I can recommend books on this. One that I know is good is NEOI I don't no for how long but I am guessing that it is going to be a good one but don't put all your eggs in one basket you have to diversify your porfolio.
2007-03-19 22:28:01 · answer #4 · answered by franksprung 3 · 0⤊ 0⤋
To loose $2,000 would be painful. I suggest you don't take risk; place the money in a fixed term deposit with a bank instead. Interests may be low but its worth getting small sum than risks losing all.
2007-03-19 21:46:46 · answer #5 · answered by SGElite 7 · 0⤊ 0⤋
Put $1,500 in savings and invest $500 in a good mutual fund through an investment firm. Mutual funds are less risky.
2007-03-19 21:47:01 · answer #6 · answered by Julia Sugarbaker 7 · 0⤊ 0⤋
Keep you money in something safe and insured. You aren't ready to buy stocks and take that chance.
2007-03-19 21:45:36 · answer #7 · answered by Jeff 3 · 0⤊ 0⤋
Hello, investing is indeed scary when you first start out. However, if you do your homework and look into the companies, you won't loose that 2,000 dollar. Instead, you will likely grow it. I would recommend reading http://ibooyah.com - there a lots of articles there for someone like yourself.
2007-03-20 01:14:56 · answer #8 · answered by Anonymous · 0⤊ 1⤋
danskin inc(dans) at .10 imo when they anounce relisting it goes to $2 where you sell. sleeper look=
http://biz.yahoo.com/bw/070312/200703120...
not some phoney co danskin in every walmart & target store does at least 100 mil per yr in sales & insiders own over 50%
2007-03-22 18:40:41 · answer #9 · answered by vetech_61 2 · 0⤊ 0⤋
JNJ.
2007-03-19 21:46:02 · answer #10 · answered by Gustav 5 · 0⤊ 0⤋