Ok I'm new to this investing I've tried some stocks didnt work out in the short run, ivan, cxtie. I have sharebuilder I'm investing a little amount less than $200/month but I don't know where I'm thinking about spy, google, QQQQ Nasdaq. Any ideas?
Thanks
2007-09-24 15:10:19 · 3 answers · asked by robertguinn@att.net 1 in Business & Finance ➔ Investing
You'll make more mistakes, all the time, if you don't take the time to understand investing.
Think about it. Today you're asking total strangers for investing advice..... There's no way you can know their qualifications or motives. Why would you put your money in harms way?
And they don't know you. They would need to understand your risk tolerance, time horizon, asset allocation to understand what investment suggestions to give you (plus more....).
You're saying you've "tried" some stocks that didn't work out suggests a "gambling mentality". You may have gotten the stock tips from TV, Radio, Print, Friends or Family. By doing so you've broken rule #1.... never take "tips".
I'm not writing this to put you down. Consider this a wake up call. Take six months to a year to read several book on investing. Stay clear of books that suggest you'll "get rich" quickly by using a method. Don't invest for 5 -10 years in any individual penny stock (biggest mistake of newbies).
It's great that you're attempting to do better with your money. If you continue to lose cash.... you'll eventually be turned off to investing. This would be a sad and financially a wrong decision.
Work hard. Be realistic. Always invest in things you understand. Always have a plan. Always have a exit strategy, before you buy. Understand stop losses, trailing stops, buy stops, limit orders, limit sales etc.
Good luck!
2007-09-24 16:04:26 · answer #1 · answered by Common Sense 7 · 1⤊ 0⤋
Thats a great amount each month. I suggest investing in companies stock that make things you like. Also, always look at the percent of return. A 3-8% return will add up. Then you can play around with other things.
2007-09-24 22:27:15 · answer #2 · answered by T I 6 · 0⤊ 0⤋
Shrebuilder is too expensive for you.
I suggest you to open a brokerage account at Zecco and I will help you for FREE.
2007-09-25 18:05:42 · answer #3 · answered by Anonymous · 0⤊ 3⤋