Stock Market Investing Question

[Miramonti]

I was young and naive. I still am, but I am working on it.

Then the only thing that separates you from most investors is a few years. 🙂

 

[Imp]

If I were you, I wouldn't touch single stocks (or shorts or penny stocks) until you had at least $100k invested, if not far more. Otherwise you aren't investing, you are gambling. If you want to gamble, go to Vegas. The odds of winning in Vegas are fairly random, whereas the odds of gambling in the stock market are stacked highly against low-value newcomers.

Except in Vegas, your money won't magically come back within 5 years if you didn't screw around with young, unestablished, weak companies.

Most of my money is in oil. Unless they have an accounting scandal or their entire operation blows up, I feel pretty safe.

 

[superccs]

Theres no point in trying to make any money trading stocks, you are at a complete disadvantage to the large hedge fund trading houses high freq trading, options, and insider information all put your money closer and closer to being siphoned in to their coffers.

 

[Pliablemoose]

Put it in an agressive growth mutual fund and keep contributing, stop trading for now, and let some geniuses have a shot at it for you. After you get some serious $ put together, you can play a bit and be happy with a 1% gain in a day, till then, do the mutual funds and relax, read some books on investing & get up to speed...

 

[ussfletcher]

Theres no point in trying to make any money trading stocks, you are at a complete disadvantage to the large hedge fund trading houses high freq trading, options, and insider information all put your money closer and closer to being siphoned in to their coffers.

Really? I started trading in August and I'm up ~10% I don't day trade either. Amateur tip: Apple has pretty predictable patterns.
Actually I think I've made 3 trades in that period total.

 

[PeeluckyDuckee]

I started with $6k, went to $9500 within 2 months, down to $7200 the next month, back up to $9100 the month after, settled at $10800 a couple weeks ago, now sitting at $9100. Added $1500 of my own money since I started in March.

A combination of buying/selling stocks and options.

Learned never to take full position all at once. Sitting on 60% cash as you take a position will give you better leveraging power and open more doors for you when things don't go the way you want it to. Sometimes you just have to accept you've made a bad call and minimize your losses.

CDs, GICs are only good for when you need money parked imo.

 

[Squisher]

Put it in an agressive growth mutual fund and keep contributing, stop trading for now, and let some geniuses have a shot at it for you. After you get some serious $ put together, you can play a bit and be happy with a 1% gain in a day, till then, do the mutual funds and relax, read some books on investing & get up to speed...

This!

 

[Ms. DICKINSON]

Is there a way to donate my holding? I more than tripled on my penny stock but it's non DTC eligible security so I will have to shell out lots of money just to sell it.