مشروع مستثمر
عضو نشط
- التسجيل
- 29 يناير 2004
- المشاركات
- 92
Advice for newbies...
1) Don't put all your eggs in one basket!The worst thing you can do it going all or nothing. The first time
you might get lucky and make some money and get out quick. All it
takes is one time to get stuck or lose 50% of your cash!
2) Invest within your means!
If you want to play with your tax return, fine. But get the car
fixed first and buy the groceries. It's the times when you're
counting on the quick gains when you get stuck. Don't play with
money you can't lose.
3) You can't buy EVERYTHING!
Pick a few stocks with potential. Diversify as much as you can
afford. But don't buy everything in sight! Some tips are bogus.
Some are not practical. (investing $200 in a $20 stock and paying
$20 commission is just nuts! It would need to jump $24.45 for you
to break even!)
4) Know why you're buying it!
Don't buy just because you read that it's going up 5,000% in the
next few days. Do the research. You can gamble on some, but that's
not an investment strategy.
5) Watch the fundamentals!
Get out ASAP if the reason you bought a stock is no longer valid.
If what you saw as potential in the first place is gone, why are you
holding?
6) It doesn't matter what others think!
If you're interested in a company and get nothing but negative
opinions from others, think for yourself. Ultimately, it's YOUR
money. Pay attention to what others say and don't be blind. Just
don't sell, because you can't find someone else to "like" your
pick. I've made lots of money on stocks that others thought were a
waste of time.
1) Don't put all your eggs in one basket!The worst thing you can do it going all or nothing. The first time
you might get lucky and make some money and get out quick. All it
takes is one time to get stuck or lose 50% of your cash!
2) Invest within your means!
If you want to play with your tax return, fine. But get the car
fixed first and buy the groceries. It's the times when you're
counting on the quick gains when you get stuck. Don't play with
money you can't lose.
3) You can't buy EVERYTHING!
Pick a few stocks with potential. Diversify as much as you can
afford. But don't buy everything in sight! Some tips are bogus.
Some are not practical. (investing $200 in a $20 stock and paying
$20 commission is just nuts! It would need to jump $24.45 for you
to break even!)
4) Know why you're buying it!
Don't buy just because you read that it's going up 5,000% in the
next few days. Do the research. You can gamble on some, but that's
not an investment strategy.
5) Watch the fundamentals!
Get out ASAP if the reason you bought a stock is no longer valid.
If what you saw as potential in the first place is gone, why are you
holding?
6) It doesn't matter what others think!
If you're interested in a company and get nothing but negative
opinions from others, think for yourself. Ultimately, it's YOUR
money. Pay attention to what others say and don't be blind. Just
don't sell, because you can't find someone else to "like" your
pick. I've made lots of money on stocks that others thought were a
waste of time.