buy and sell stocks...?
2007-10-09 13:12:57 · 3 answers · asked by flatland4ro 1 in Business & Finance ➔ Investing
I suggest individual stocks, not mutual funds. The reason being is you have a tendency to more closely follow your results and the reasons for those results. Pick a stock that is in an area in which you have an interest. My first was Clorox,43 years ago, $200 worth. Did a DRIP on the dividends. That is where the dividend buy more shares.
$200 investment turned into $50,000+. Made four times more money in stocks than 32 yrs of work pay. Also suggest you begin with your investments inside of an IRA.
2007-10-09 13:35:47 · answer #1 · answered by William C 7 · 0⤊ 0⤋
Dollar cost average (contribute the same amount of money monthly, quarterly, yearly, etc.) into a brokerage account and do this even if the market stays the same, goes up or takes a nose dive.
In the long term you will have some good returns. Investing is not for short term; that's what gambling is for!
I have invested money in stocks in casinos because I still remember being told that Las Vegas is built on the losses of gamblers not their winnings.
2007-10-09 19:40:06 · answer #2 · answered by CA Bravo 3 · 0⤊ 0⤋
I suggest starting with mutual funds, especially index funds. Read tutorials on www.fool.com.
2007-10-09 13:16:59 · answer #3 · answered by Kyle B 4 · 0⤊ 0⤋