How many of you are Investors?
- Thread starter Mean Mugg
- Start date
Stocks are difficult and require lots of time. For a serious trader, you should be able to dedicate at least 1/2 a day everyday of the week reviewing your particular investment. You need to understand what the primary function of your stock is, follow current market trends, and you must be able to read a balance sheet, as well as other income statements (i.e. P/L)?
A good website to follow any financial market anytime of the day (b/c money never stops working) surf around on www.bloomberg.com... Also, a great resource is a dude named Jim Cramer (maybe Crammer) anyway do a yahoo search to find out what time and channel his broadcast is on, in the 206, he's on 1210 am @ noon Mon-Fri
IMO your money is better of in mutual funds (unless you enjoy high risk and have lots of knowledge & time). There is still a risk to mutual funds but if you follow general current market trends it's easier to forecast what corner of the market to move you investments to, that way you are not subject to as much exposure (i.e. as we shift to an "upswing" economy you'd wanna shift from small & med caps more towards large caps like the S&P 500 (the 500 biggest companies on the exchange)...
Anyway, hopefully that provided some insight and pointed you in a direction to learn more about getting that paper.
Your best investment in my opinion is Real Estate, but that's just me...
Back to stocks, I'd like to leave you w/ one piece of advice... NEVER go off someone who has a tip or a hunch (it'll be either insider trading, a big no no & real bad FedTime) or you'll have to know exactly when to get in and when to get out (which is impossible unless you revert back to the prior statement)
Again NEVER go off a tip or a hunch, 99.5 times out of 100 you'll get burnt...
A good website to follow any financial market anytime of the day (b/c money never stops working) surf around on www.bloomberg.com... Also, a great resource is a dude named Jim Cramer (maybe Crammer) anyway do a yahoo search to find out what time and channel his broadcast is on, in the 206, he's on 1210 am @ noon Mon-Fri
IMO your money is better of in mutual funds (unless you enjoy high risk and have lots of knowledge & time). There is still a risk to mutual funds but if you follow general current market trends it's easier to forecast what corner of the market to move you investments to, that way you are not subject to as much exposure (i.e. as we shift to an "upswing" economy you'd wanna shift from small & med caps more towards large caps like the S&P 500 (the 500 biggest companies on the exchange)...
Anyway, hopefully that provided some insight and pointed you in a direction to learn more about getting that paper.
Your best investment in my opinion is Real Estate, but that's just me...
Back to stocks, I'd like to leave you w/ one piece of advice... NEVER go off someone who has a tip or a hunch (it'll be either insider trading, a big no no & real bad FedTime) or you'll have to know exactly when to get in and when to get out (which is impossible unless you revert back to the prior statement)
Again NEVER go off a tip or a hunch, 99.5 times out of 100 you'll get burnt...
Damn thanks homie, that was a wealth of information about the investment game you provided, it's much appreciated. I know how to look at the financial statements: balance sheet, income statement, statement of retained earnings and statement of cash flows, I just finished a course in accounting. What's mutual funds?(eventhough I took accounting I should know what it is lol) and how does that work? I know investing is a lot of risk but if you know how to analyze data you'll be all good. As for the insider trade thing, I had no prior knowledge of that, thanks, I hear about it but I didn't really understand what it was. I agree, real estate is where plenty of money is at. Thanks for the site, I've been looking at yahoo finance lately and I'll be peepin that site.
Mutual funds are basically diversified holdings. A mutual fund will purchase stocks, bonds, securities, whatever it feels will achieve desired results as far as growth, revenue, security, etc. Mutual funds are generally considered "safer" than individual stocks because you're not putting all your eggs in one basket.