So will there be a header change?
<<<<<We now
return to the "I'm a whiz kid, but I'm often wrong, so do your own DD" thread.>>>>>>
LOL!
You guys!
***********
"How to make money in the Stock Market?"
Should be a book out there on the subject. <ggg>
1) A online broker is great. But you'll find
out you will need a back up. So a good live
broker will make you money also, don't get
"pinched"!
2) If you are going to 'follow' other posters
on SI, make sure you follow someone who does
their homework and is consistent. However,
you can't rely on other's dd, do your own
and ask a lot of questions.
3) Don't risk too much on any one stock. Personally
I'd set a limit at around 20%.
4) Diversify. Putting too much in any one group could
cause serious damage if the sector turns the wrong
way. You understand this, right?
5) Be patient. Don't get in a stock that has just
had a quick run. Wait for the pull back and for it to
leveled off. Sometimes you miss the largest run, but
that doesn't mean it's over.
There's thousands of examples out there. IMO the main
thing is to educate yourself. Use common sense. If
you lack that, by all means, seek professional advice.
If you're sick you consult a doctor, right? Yet, you
will ask your friends which doctor is best. Know what
I mean? Ask around. Be kind to yourself. No need to
get into a big hurry. You'll miss some good investments,
but there will be another one tomorrow or the next day.
Learn to reconize a stock that is worth your investment.
There are some good OTC companies, just like there are
some dog listed companies. Yet the precentages are in
favor of the more expensive companies. Penny stocks
can be very profitable, but are very risky. Become a
seasoned investor if you're going to risk your money
on Penny stocks.
BTW, I do like Penny stocks and listed large cap stocks,
and everything in between. But will also admit that
there's just something about buying a penny stock that
is alluring to investors. I guess it's the "rags to riches"
concept. The story that you can tell when you catch
a good "hot" one!
Lots of luck investors!
The above is just some basic advice. Take it or leave it.
It's JMHO anyway.
KZAP |
