Investing

[vmser]

Imo there's 3 kinds of people that buy shares:

 

 

 

 

 

 

 

1) People looking for a decent profit about what a bank offers them (low risk)

 

 

 

2) People trying to make fast, big money (high risk)

 

 

 

3) People that buy certain shares for the advantages that come with it. (some companies do certain stuff for their shareholders)

 

 

 

 

 

 

 

Im figured you'd fit in the first category. So before you go nuts on anything, Id suggest you read up... Know what kind of shares can be expected to get certain results...

 

 

 

 

 

 

 

Above all, don't put all your eggs in one basket! Have shares of several companies, so if one goes bad the others can cover for it...

 

 

 

 

 

 

 

And in the end: Dont get your hopes up too much. There's not that much profit to make on $1500... But try not to loose and perhaps view this as a learning stage ;)

[indy500fan]

Above all, don't put all your eggs in one basket! Have shares of several companies, so if one goes bad the others can cover for it...

 

 

 

 

 

 

 

That is very important, diversifying is a major part of investing. That is definitely something you will want to do. That is, if you are planning on long term investing. With just $1500 though, you are probably only planning on short term investments. Diversifying probably shouldn't be a big deal with this amount of capital.

[R2Keen2]

With ebay its possible for the winning bidder to bow out of a purchase.. its not all over ebay, but it does happen. I remember walking into a room while someone was watching Kathy Griffin's reality show and talking about bids to stay the weekend at her house for charity. The top bid was huge but ended up getting passed on by the top bidders till it was to the 40 or 50th 'top' person and he got it for like 6,000.

 

 

 

 

 

 

 

Well in my post i suggested about.com

 

 

 

 

 

 

 

http://beginnersinvest.about.com/

 

 

 

Lots of good information, though i definitly suggest utilizing your public library for books to read.

 

 

 

 

 

 

 

http://www.investools.com/

 

 

 

Is a set of tools and support offered by the company. They are advertised on TV but as i said, they are a publicly traded company and the internet doesn't have much bad to say about them. Main thing to remember is that they are a business and will undoubtibly attempt to sell you something at their free seminar, but 2 hours isn't a waste of time if they do teach you something.

 

 

 

 

 

 

 

Most TV commercials are scams or offering an underhanded technique, but the internet is a great weapon for combating that purpose. If it sounds interesting check out the website, then google the address with something like +review. The thing to be careful about is many scam sites exist in multiple addresses or alternate forms, one great place for checking out something is scam.com generally if i see them listed in the links google returns i read what the users there have to say cause its often someone voicing concern or showing connections with a host of other sites in the same racket.

 

 

 

 

 

 

 

There are also sites that will charge you to tell you information you can just find free on other sites, most often its recycled info about how to take advantage of Google Adsense or Amazon Affiliates to make your own profit. Google requires that you have a site and decent amount of traffic, where Amazon affiliates works more like a store where you more or less set up the window and get a commision should you send a buyer to them.

 

 

 

 

 

 

 

Investing generally will not make you huge amounts daily unless you start off with a large sum. Its of course possible to gross large amounts but you've got to take into account things like trader fees, broker commission etc all subtrack from what you actually net. Most sites or commercials that tell you you can make couple hundred a day doing little to nothing are full of it, but its not to say its impossible.. hypotheticly you can win the lottery after all. People can become instant millionaires in the stock market or very possibly make side money.. but the fact is the less research you do in the area your buying and the things your investing the risk skyrockets.

[cardovilian]

First off, the place to find sound financial advice is a financial advisor (hence their name), not a forum for an online game populated mostly by people under 21 years old. Having said that my 2 cents (for what its worth) is:

 

 

 

 

 

 

 

Don't touch 'Day-Trading' you don't have enough money to swallow the potential losses. Its a high-risk strategy which means you could win big, or LOSE big. If you lose big at the start you wont have enough left to make it back.

[flipflop121]

no one should tell you what to buy as things can happen.

 

 

 

 

 

 

 

iv played the stock market for about 2 years now and made a fair amount of money from it. having said that, what i normally do is get a list of the top 100 companies, then research them all then make a decision. thats all i can say

 

 

 

 

 

 

 

also iv made about 75grand from the stock market in 2 years (not full time) and i only started with 5grand. so the bets of luck to you

[Auberean]

also iv made about 75grand from the stock market in 2 years (not full time) and i only started with 5grand. so the bets of luck to you

 

 

 

 

 

 

 

I find that incredibly hard to believe. Elaborate?

[vmser]

 

 

 

I find that incredibly hard to believe

 

 

 

 

 

 

 

Welcome to the internet.

[BlueLancer]

 

 

 

 

I find that incredibly hard to believe

 

 

 

 

 

 

 

Welcome to the internet.

 

 

 

 

 

 

 

...I'd have to agree with that. You're either a genius, a lucky b*stard or a liar if you really turned $5k into over 1,500% profit (750% a year) in 2 years. Maybe if you PM me your stock portfolio and I'll check if those companies could've possibly yielded so much profit.

 

 

 

 

 

 

 

flipflop121, you said you take a list of the 'top 100' companies (on which exchange?) and pick out the best ones. As to my knowledge, on NYSE and NASDAQ there are only 1 or 2 companies that can make 100% a year profit, and they are exceptions (like Google that is a stock bubble). We're talking about an amount 15 times larger, and I doubt you could day trade yourself to such an astronomical return.

 

 

 

 

 

 

 

The stock market isn't a magical game of incredible luck, or 'hitting the jackpot'. I highly doubt even Warren Buffett could take $5k, and turn it into $75k on any stock exchange in 2 years (don't say he could just buy his own stock, because it costs over $100k)

 

 

 

 

 

 

 

I'd consider myself professional, I keep an excel table of my portfolio and update it daily, and the maximum I have gained in a full year of trading is a 48% profit in 2003. The rest of the time it's anywhere from near 0% to 25% which is still more than the average return of 8% on moderate-risk long term stocks though.

[____]

I don't even trade on the Stock Exchange and even I know going from 5 to 75 is next to impossible to achieve.

[R2Keen2]

Its possible flipflop is telling the truth but like everyone else has said, highly unlikely ( bit of an understatement [ also an understatement :P ] ).

 

 

 

 

 

 

 

Making that kind of profit can be done but comes with an astronomical amount of risk as well. Depending what he traded and when it is possible but far more likely he's just full of it.

 

 

 

 

 

 

 

Cardovilian also makes a good point.. a financial advisor would be far more benefiticial to you than any of us but so far no one has pointed out a specific route to take, we are just helping you try to find a direction. Investing is like anything else in the world you have to find a stratigy that works for you, and best way to do that is learn how others have done it successfully, and build your own.

 

 

 

 

 

 

 

You do have a small amount and thus i agree that day trading is going to be quite a gamble for you but if you research and learn enough you can reduce a certain amount of risk(though there will be a considerable gap for failure, atleast you will understand what to look for in the future).

[BlueLancer]

 

 

 

Making that kind of profit can be done but comes with an astronomical amount of risk as well. Depending what he traded and when it is possible but far more likely he's just full of it.

 

 

 

 

 

 

 

Depends, I'd really like to hear what stocks he chose (since now giving it away wont matter). Making $5k into $75k is easier even in poker than the stock market.

[Auberean]

yes i play for money online, i do it semi professionally, normally make $500-$2,000 a week depending

 

 

 

 

 

 

 

He's also making $26,000-$104,000 a year playing poker. I don't think it's worth it to chase him down to find out some answers.

[BlueLancer]

 

yes i play for money online, i do it semi professionally, normally make $500-$2,000 a week depending

 

 

 

 

 

 

 

He's also making $26,000-$104,000 a year playing poker. I don't think it's worth it to chase him down to find out some answers.

 

 

 

 

 

 

 

The sad thing is, that's actually possible (though if you 'play' the stock market with higher funds, $100k a year is nothing). Pro-players win $300k tournaments on and offline all the time.

 

 

 

 

 

 

 

$2k a week isn't unrealistic for poker if you're a *really* good player, $5k into $75k in a stock exchange is. Since he claimed both, I'd say neither are true.

[Auberean]

 

 

yes i play for money online, i do it semi professionally, normally make $500-$2,000 a week depending

 

 

 

 

 

 

 

He's also making $26,000-$104,000 a year playing poker. I don't think it's worth it to chase him down to find out some answers.

 

 

 

 

 

 

 

The sad thing is, that's actually possible (though if you 'play' the stock market with higher funds, $100k a year is nothing). Pro-players win $300k tournaments on and offline all the time.

 

 

 

 

 

 

 

$2k a week isn't unrealistic for poker if you're a *really* good player, $5k into $75k in a stock exchange is. Since he claimed both, I'd say neither are true.

 

 

 

 

 

 

 

Oh, I understand the profit that there is in poker. I'm just saying that everything flipflop says is very unlikely, and his unlikely statements are cumulative.

[kido14]

Thanks again for the responses especially R2. I'm checking those links out as I type this post. Alright I get that day-trading definitely shouldn't be done with the low amount of money I have so thanks for answering that part of my thread.

 

 

 

As for talking with a financial advisor or whatever I don't think that would really be ideal especially since I have such a small amount of money. It would probably cost me money just to talk to one so it probably wouldn't be worth it. But yeah thanks for all of your help, I really appreciate it!