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Post by dj98 on Jun 1, 2007 8:56:23 GMT -5
I've been studying up on the stock market for the past three months.... I'm thinking about investing, Does anybody have any advice to give me.......
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Post by Bornthrilla on Jun 1, 2007 9:18:02 GMT -5
What materials have you been studying? I need to learn about this stuff too.
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Aggie77
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Post by Aggie77 on Jun 1, 2007 9:31:03 GMT -5
1.) Keep studying and never stop, 2.) do practice trades for at least a year before using real money, 3.) look into options (puts & calls), 4.) monitor the earnings announcements at the end of each quarter, then review the history up to and after for selective stocks in previous years, looking for consistent and repeatable trends. 5.) buy Introduction to Technical Analysis by Martin Pring, and The Discipline Trader by Mark Douglas. 6.) You build wealth over time not within a month 7.) Give me 10% of all net profit for this advise, especially the first two.
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Post by dj98 on Jun 1, 2007 10:06:55 GMT -5
(What materials have you been studying? I need to learn about this stuff too.)
When I get home I will send you the information I've been studying, I have it book marked at home.... Wish I had the information at work!!!!!!!!
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Post by dj98 on Jun 1, 2007 10:10:54 GMT -5
(Give me 10% of a net profit for this advise, especially the first two.)
You got your self a deal when I start making some money!!!!!!!!!!!
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DECKS
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Post by DECKS on Jun 1, 2007 11:48:02 GMT -5
Max out your 401-k first.
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Post by dj98 on Jun 1, 2007 12:42:36 GMT -5
(Max out your 401-k first.) What do you mean? What is the positive and negetive of that move? ?
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Post by TOPPDOGG on Jun 1, 2007 13:37:21 GMT -5
Positives: Pre-tax savings. Negatives: You have to adjust your lifestyle, but hey that's a positive.
I think the best thing for a novice investor to do is to invest their money in index funds. These funds match and in most cases outperform actively-managed mutual funds. There are far less fees as well. Over time the smart and safe investment as far as equity is concerned is to invest in an index fund matching the Dow, S&P 500 or other index. I personally am invested in a Fidelity Sparta Fund which is designed to match the gains of the S&P 500. I'm earning at least 9% over the past few years.
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DECKS
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Post by DECKS on Jun 1, 2007 13:53:40 GMT -5
If your company does a match that's free money dude. Also that's deferred income you don't have to pay taxes on right now. With most plans you can also pick the investment vehicle of your choice based on your personal risk tolerance level. Also one of the best features is you can invest in professionally managed funds with no minimums. When you combine all those factors you'll generally earn a much better yield than most stand alone investments. I've had years where I averaged as much as a 35% yield with a low risk tolerance!
Negative: Early withdrawls could result in taxes and IRS penalties if you're under age 591/2.
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