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Good site for learning about stock investments?

AgaBoogaBoo

AgaBoogaBoo

Lifer
I'd like to invest in some high risk stocks, as in $0 to $1 each, probably in $100 quantities to begin with. My dad said he'll give me $100 to spend and invest. I was thinking 3 different stock companies and getting around $30 of each because I also have to figure in fees involved for trading them.

I want some information on where to find and research these stocks and what online firm you reccomend I go through. I have no experience except from an Intro to Business class I took. I mean, we did a class simulation and our teacher taught us a lot by copying things out of invesment books he read, but you can only learn so much about how things happen in the "real world" from learning in class.
 
30 bucks aint enough. Think of it. Lets assume .50 per share (Split the middle on your figures). 30 bucks gives you 60 shares. Normal transaction fees will range between 7 and 10 IF the stock is listed. Alot of cheap stock isnt (In my experience). That tacks on even more in fees. But, lets assume 7 (Thats Scottrade, what i use).
Your 14 bucks in the hole before you can even THINK of makin money. So, with 60 shares it if goes up by 10 cents you make 6 bucks. But after your fees still in the hole. You have to get almost a .25 gain on the share price to break even. Now, sink the whole 100 on 1 stock and you get 200 shares. With that you need a 7 cent gain to break even.

Now, I'm not saying you cant make money, but I'm saying its alot easier to get 7 cents versus 25 cents out of these stocks (In the short term). But, it would make for a good learning experience.
 
Originally posted by: Shockwave
30 bucks aint enough. Think of it. Lets assume .50 per share (Split the middle on your figures). 30 bucks gives you 60 shares. Normal transaction fees will range between 7 and 10 IF the stock is listed. Alot of cheap stock isnt (In my experience). That tacks on even more in fees. But, lets assume 7 (Thats Scottrade, what i use).
Your 14 bucks in the hole before you can even THINK of makin money. So, with 60 shares it if goes up by 10 cents you make 6 bucks. But after your fees still in the hole. You have to get almost a .25 gain on the share price to break even. Now, sink the whole 100 on 1 stock and you get 200 shares. With that you need a 7 cent gain to break even.

Now, I'm not saying you cant make money, but I'm saying its alot easier to get 7 cents versus 25 cents out of these stocks (In the short term). But, it would make for a good learning experience.
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Good point, he also said he'd be willing to give say $400 to $500 but at the time I said it would be fine with less money.
 
Pretend that you have 500 bucks. Invest that money virtually (after you've gained knowledge about the market), but treat it as if it was real (dont be stupid and invest randomly). After a month or so, see how you've done, and if you still feel confident that you can succeed, use real money. Better to learn a lesson with fake money than real money.
 
Originally posted by: SWirth86
Pretend that you have 500 bucks. Invest that money virtually (after you've gained knowledge about the market), but treat it as if it was real (dont be stupid and invest randomly). After a month or so, see how you've done, and if you still feel confident that you can succeed, use real money. Better to learn a lesson with fake money than real money.
Click to expand...

Where the hell is the fun in that?
 
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