that is, why dont they just watch, say, mad money and do what the guy says to get money? im sure theyll make more than lose, after all, this chaps WHOLE JOB is to tell such advice, and he has tons of resources to find good stocks...im busy with school, but it seems to me that people can just get a laptop, tv, 500 to invest and turn it into a lot more...is there something i am missing?
i know theyd have to watch everyday, but still whyd dont people do this more?
2007-05-03 11:52:30 · 9 answers · asked by billy 3 in Business & Finance ➔ Investing
I don't believe you necessarily get good advice from those TV guys. Their main job is to get high ratings so that their network can sell advertising. You need to set up an investment plan and work toward it. There is plenty of good advice, free, on the Internet. Compare info from several sources and do your own company research before you buy stocks. You'll be better off in the long run.
Also, there are many excellent books out there that are good sources for investment knowledge.
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2007-05-03 12:07:42 · answer #1 · answered by Robert L 7 · 0⤊ 0⤋
Because stocks are risky and the info on tv is biased. Your best bet is to read about it and learn stock trading info 101.
Be aware that the rich are the ones who have access to stock that the rest of the country are locked out of...simply because their bank account reads 2.1 million.
So, what many people are doing right now is they are joining the home business boom at an alarming rate. Times have changed, job security is no more, and the average jobs that people have carried over in a life time are 3.5
Home business opportunities that have been managed as a success (which is happening more often than not) have allowed the average person to create extraordinary income which in affect, allowed them to diversify their income to make money work for them.
Such as real estate, stocks, etc.
2007-05-03 12:03:04 · answer #2 · answered by WhatdoIknow... 1 · 0⤊ 0⤋
Because people are reactionary... Say if he picks something that goes down instead of up... All the day-trading from watching that show everyday will quickly be consumed in commissions. Going into the markets expecting to make a quick buck is not the way to go into it.
2007-05-03 11:57:34 · answer #3 · answered by Modus Operandi 6 · 0⤊ 0⤋
while you're a sparkling to making an investment contained accessible, commence via making an investment in mutual money. additionally study the artwork of long term making an investment via analyzing " The smart Investor" via Benjamin Graham. After analyzing this e book you may experience fairly confident and enlightened to start making an investment in direct shares. Then open a demat+paying for and advertising account with a depository participant ( DP ).
2017-01-09 10:31:17 · answer #4 · answered by Anonymous · 0⤊ 0⤋
i do watch them but I look for what they do NOT say rather than what they say. Plus I get a general reaction frrm a lot of tv shows and xm radio on current events. Cramer is good and he knows his stuff but he is also wrong quite a few times which is why he stresses research on your own. This market is not that hard to figguer out at times. You have have to pay attention and look past the hype.
2007-05-03 13:59:13 · answer #5 · answered by Anonymous · 0⤊ 0⤋
1
2017-02-14 20:38:17 · answer #6 · answered by ? 4 · 0⤊ 0⤋
Because its a sucker bet, viewers that buy the recomendations are providing volume for the big players to sell http://wallstreetradionetwork.com/
2007-05-03 12:18:29 · answer #7 · answered by SMEAC 4 · 0⤊ 0⤋
Do you do that? Has it worked for you? Or do you work for one of those shows?
2007-05-03 12:12:54 · answer #8 · answered by Anonymous · 0⤊ 0⤋
Because they are not as smart as you.
2007-05-03 12:21:26 · answer #9 · answered by Anonymous · 0⤊ 1⤋