<<< im 12 years old and i got $800. is cpq a good buy for me?>
Alex: First let me commend you for being clever enough to have concern about the future of your $800. In answer to your question, it appears that CPQ is a reasonable buy. However, I'm just one person out of millions who hope that our opinions are right. The cold truth is, most people guess or depend on others to come with an answer. Many of us are wrong.
Alex, the return on your $800 will be seen on the education you receive by your decision to invest. That decision must be based on your study, market association, and overall gut feeling.
If I were you, I would do the following:
Make a commitment to myself to achieve a return, but more importantly acquire an understanding of the markets.
Seek out people who are familiar with the markets, school, professionals, etc. Talk to them about the market and CPQ in particular. Never take their advise on face value. Use their advise as an opportunity to confirm their understandings in the library, net, etc.
After all the research you can possibly stand, make your move. Be proud of what you've done and be able to defend your strategy. However, if proven wrong, correct your mistake and move forward.
Track your stock daily. Develop your own tracking and charts. Don't depend on professional tracking or charts until you're good enough to build them yourself. Additionally, establish and track the value of the "Alex Fund". Use the gains or loss in your fund to determine if you're good, bad, or just average. Calculate your rate of return.
Using your newly acquired knowledge, look for other stocks you'd like to own. Establish a family of 5 stocks that you know as well as your best friend. If appropriate, reinvest.
If possible, save monthly. Place your savings in the "Alex" fund. This fund will be your future. Take the time to figure out how much your fund would be worth by a $2000 contribution annually after you're 18. (Sooner if possible)
If you're ready to make a commitment to the education required to manage your $800, you'll have your million before you're 35. If you're not ready, put the money aside. CPQ and many other good companies have an excellent Dividend Reinvestment Programs (DRIP)s. However, you'll miss the most beneficial dividend of education.
Feel free to contact me or any regular on this thread for help and advise.
Mike |
