I have no idea how to use the stock market, but I need to make money ASAP. Is there a place that will show me how to use it???
2007-06-21 15:18:12 · 4 answers · asked by Christy 2 in Business & Finance ➔ Personal Finance
You should understand the main reason why you want to spend money buying a particular stock. This step should preclude investing in stock. It allows you to move swiftly as soon as the price of the stock goes down a lot. If you know the main motivation about purchasing a specific stock, you will not hesitate to buy it once the price falls. Stocks purchased on the spur of the moment can be sold as soon as the price goes down. But if you are buying it as undervalued stocks, you can buy more stocks. Hiring a stockbroker can benefit beginners to the stock investment as they give all the necessary information about the stock to make the buying decision easy.
2007-06-22 00:49:01 · answer #1 · answered by hendy h 2 · 0⤊ 0⤋
Never invest money in stocks for less than a 5 year time line. And don't invest without knowing what you are doing. I believe the average return is around 10 or 12%, and that is from people who do it for a living. I don't think that you will be able to beat them. Better odds playing the ponies than just picking a stock out of a hat.
2007-06-21 23:34:04 · answer #2 · answered by Lee T 2 · 1⤊ 0⤋
Boy, that's a dangerous question from so many angles. Be prepared to lose money with that time frame and lack of knowledge. Sorry...
2007-06-21 22:24:27 · answer #3 · answered by Kenny G 1 · 0⤊ 0⤋
You're question suggests that you're ready to gamble on a good stock pick. Please take me seriously when I say you're a financial train wreck waiting to happen.
Consider yourself warned.
2007-06-21 22:26:57 · answer #4 · answered by Common Sense 7 · 1⤊ 0⤋