Beginner sites for Investing/Stock Market?

[plucky duck]

"4) You ever have a gut feeling about something? Would it be wise to go on a gut feeling for my first ever purchase?"

I've a gut feeling Plucky.T is going to spike on Tuesday, I'm buying
some on Monday. If you want in as well, send me an EMT and we'll split the commision, k?

[zeroace]

"4) You ever have a gut feeling about something? Would it be wise to go on a gut feeling for my first ever purchase?"

I've a gut feeling Plucky.T is going to spike on Tuesday, I'm buying
some on Monday. If you want in as well, send me an EMT and we'll split the commision, k?

Shouldn't that be Plucky.OB?

[crazyboie]

bump for this thread!

[zeroace]

Alright, some little pointers for people who are looking to invest in the long term.

1) Always try to buy stock in something that you understand. Back during the tech days, people were all over "technology" stocks but didn't know what the heck they were! I remember back in the dot.com days, my dad was telling me about "tom.com" that had people lining up for their IPO. I asked my dad what they offered and he didn't have a clue.. This gives you an idea of how clueless some people were about "technology" stocks. Although "tom.com" become a big hit buying out major news agencies, that's beside the point.

What I'm trying to say is, look into companies you actually know about, if youre into a specific topic, research into it. Don't follow bandwagons that people say will be the next hot thing... I've heard bio-med is a big craze but I have no idea what's good and what's not.. If you feel interested in it, do research into the market, what's the leader, what are the competition, etc.. Keep yourself informed!

2) Learn how it makes money. How are they receiving revenue, what is being spent? Another reason why dot.coms went bust... They all thought advertising would make them millionnaires.

3) Buy a stock you plan to own forever. Remember, this is your hard earned money we're talking about here. Would you give the money to a total stranger? Cause you're doing that if you don't. Look into the management. A good management can make or break a big company.

4) Last but not least, read read read!! I've actually only started looking into investments and the stock market and am trying to learn all that I can. And this means to do your own due diligence too for any information you receive. Just because Mr. X says it's a great buy, doesn't always mean it is.....

If you have anymore questions, send me a PM, I'll be glad to help and point you to some resources that can help!

[bacid1]

play the stockmarket using a "simulator"

http://simulator.investopedia.com

if after 12 months you are making money, THEN, put your own hard-earned money into the market.

it may look easy to make money as lots of ppl got rich off the market and i'm sure you know a few. but it is even easier to lose all your money, the market isn't like the dot-com days where 300%+ gains were realized in a matter of months. you really have to do your homework and look at the companys fundamentals.

also, investing with less than $5000 is foolish as you will not be able to diversity adequately and as the others have mentioned, the less you start off with the higher ROI you need to cover commission and make a decent profit.

good luck, there is lots of money to be made out there!!

[Spent]

I just remembered the other one is in Off Topic

[zeroace]

I just remembered the other one is in Off Topic

Actually, I remember this thread was moved from the Off-topic forum. It's a great thread that carries a lot of information