yes for sure. to be successful, focus on not losing money, than trying to get maximum return.
2007-12-01 09:14:20
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answer #1
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answered by BigBen 5
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Sure, and it is good for losing money also.
Several times I've heard of a company with a good find or new technology and risked a little on it. That is the kind of thing that a lot of people think of when they talk of trying to make money in the stock market.
I keep some investment money and then some trading money. Sometimes my trading makes more than my investing money (and I feel like a genius), but sometimes I get it wrong and my trading money deflates like that flat tire I had a couple of weeks ago (when i feel like the idiot that I probably am). Fortunately, my investment money is in a set of good stocks, bonds, and mutual funds where it may not do a whole lot better than mere money in the bank but enough that I'm happy with it.
I like to picture the difference as the choice between planting fruit trees and chasing chickens. Either way, you get to eat something from your effort, and either way is work, but sometimes you wonder whether this way or that is worth the effort. First, decide on what your expectations are (the loftier, like tall ladders, the more dangerous). Then, search out the method you will pursue. Going with the winds of tips and whims is chasing chickens--sometimes you only catch feathers and dirt and maybe once in a while you get ahold of a real bird, if you are lucky.
Since you had to ask that way, I would recommend you go really, really slow and do lots and lots of reading about what business is doing what, and reading the financial reports telling of how well they did in the past. Good luck.
2007-12-01 14:37:30
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answer #2
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answered by Rabbit 7
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Yes of course its a very good avenue to earn very good money if u invest carefully.
watch CNBC tv 18 from morning 9 to evening 3:30 for some period before u actually start to invest..ull get some picture about the markets.
2007-12-01 16:24:34
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answer #3
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answered by Rapa 6
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Directly venturing into stock market without knowledge may be suicidal.
Try mutual funds first. (That too 10 - 15% of your money.) Wait for six months at least. Meanwhile watch the market. Now you would have acquired some knowledge. Invest another 20 - 25%. Watch.
When going for trading, rely on top performers in the beginning.
http://www.moneycontrol.com is a good site which gives more statistics on individual performance. There is a TV channel for this. (NDTV Profits)
Don't blindly follow or listen to one single person. Even if he is an expert. Analyse yourself. It is your money.
Good luck.
2007-12-01 12:36:27
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answer #4
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answered by Anonymous
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Yes , Stock market is good for making money as well as for loosing money too :) .
In stock market deciding factor if you are going to make money or loose is your strategic approach towards your requirement. like do you want to do day trading or want to stick with delivery based investment. It will depend on how much risk you want to take. that is exposure you have.
One need to manage there portfolio wisely and diversify it too properly.
Last but not least we suggest don't go by anyone words like you listen and watch o cnbc or some other channel. As they create lot of panic so do your through study yourself before investing.
2007-12-02 02:48:09
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answer #5
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answered by sharetipsinfo 1
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Share market is like horse race. Only few people will be able to reap profits. Others invest and go on calculating their worth for years without reaping any profits. You have very good opportunity to loose money.
2007-12-03 23:52:41
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answer #6
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answered by SRINIVASAN R 5
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yaaa
share market investment is smart way to multiply yr money
but u need to cautious
here to take right decision at right time is important
2007-12-01 12:39:18
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answer #7
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answered by Aditya k 1
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ya but it require great brain exercise and understanding
2007-12-01 12:32:28
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answer #8
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answered by U.O. 3
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