AYO: One of you money-minded niggas gimme a crash course on investing
2stepz_ahead
New member
a.mann;3128094 said:http://www.sharebuilder.com/
cuts out the middle in investing. And you have total control.
but like a couple folks said....best hook up with someone who has a lil more knowledge 1st.
eitherway, it's paying to to play.
you have to be careful with sharebuilder....if you have moeny going directly into the account make sure you are aware that ever time you buy a stock its like $4.99
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black caesar
New member
Rey Negro;3128596 said:
He had said $500
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[Trillmatic]
New member
i wouldnt even touch the stock market right now until things get settled down with congress...especially since you are just starting. Throw that cash in a CD untill you are truly ready to invest.
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Read Fooled by Randomness by Nassim N. Taleb before you put a dollar anywhere.
IF you don't have at least 25,000 to invest, don't bother beyond funding your IRA. Under 25,000 you are subject to the Day Trade rule, which is put in place exactly so little people lose money.
If you have a job that pays 50k, live off 25k for a year or two, then use that 25-50k to start trading/"investing". IF you have less than that, your time would be much better spent using the money to reinvest in your career.
To really make money in the markets, you have to treat it like a full time job. Do not expect to just "do a little investing on the side" and get any returns worth noting. And until you have certain amount of volume to your trades, fees will erase many of your profits.
I recommend a bare minimum of 25,001 dollars to get above the day trading rule.
IF you don't have at least 25,000 to invest, don't bother beyond funding your IRA. Under 25,000 you are subject to the Day Trade rule, which is put in place exactly so little people lose money.
If you have a job that pays 50k, live off 25k for a year or two, then use that 25-50k to start trading/"investing". IF you have less than that, your time would be much better spent using the money to reinvest in your career.
To really make money in the markets, you have to treat it like a full time job. Do not expect to just "do a little investing on the side" and get any returns worth noting. And until you have certain amount of volume to your trades, fees will erase many of your profits.
I recommend a bare minimum of 25,001 dollars to get above the day trading rule.
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American.Loo
New member
Again, I really appreciate all this advice
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ChicagoBears
New member
Good information has been dropped. But honestly, I laugh at people who invest in stocks on their own. That's extremely foolish, why? The average people does not have time to do a fundamental analysis of a stock. They probably don't know how to either. Anyone asking what fundamental analysis is..in short it is how analysts come up with the intrinsic or supposed "actual," value of a stock. So you have to be extremely careful when investing in stocks. The best way to invest in stocks has already been mentioned in this thread....mutual funds.
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I would put mutual funds near the bottom of the list. That's also why in my first sentence i recommended that book. Half of it is spent exposing exactly why mutual funds are a bad idea.
If you want to be braindead about stock investing, just buy an index fund, do not join a mutual.
If you want to be braindead about stock investing, just buy an index fund, do not join a mutual.
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redhandedbandit
New member
find an industry you like or already follow I havent invested but but for instance the take two interactive (2k video games) stock went from 7 to 14 after the holiday season when la noire and 2k11 with jordan were released a couple years back when apple was going to release orginal ipad and iphone 4 stock jumped 100 dollars a share but it also had a higher buy in rate..when bp had the oil spill was a good time to invest in their stock because it dropped significantly and was almost sure to recover stay up on current events
disclaimer i havent ever invested but ive been watching the market for a few years now
disclaimer i havent ever invested but ive been watching the market for a few years now
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blakfyahking
New member
black caesar;3126930 said:
the bolded ARE derivatives fam
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blakfyahking
New member
Madbeats;3136867 said:
depends on your income and your financial goals
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jackthemack
New member
Commodities. Slow steady money
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blakfyahking
New member
what's up with niggaz constantly recommending commodities?
do niggaz really know what commodities are?
do niggaz really know what commodities are?
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black caesar
New member
blakfyahking;3137010 said:what's up with niggaz constantly recommending commodities?
do niggaz really know what commodities are?
Nigga I'm referring to soft commodities agricultural products that are grown. salt, sugar, coffee beans, soybeans, rice, wheat. You're thinking hard commodities.
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black caesar
New member
blakfyahking;3136828 said:
I'm aware. I was just telling him different financial instruments. I said in the same sentence to avoid them.
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Platinum Falcon
New member
;3128701 said:
I agree. Just make sure when choosing a CD make sure you are at least beating inflation it dosen't matter by what percentage just make sure you are beating it so that way you aren't losing money. Another thing to be wary of since the economy is going up and down now try to go for the short-term higher yeilding CDs 12-months are good because it is just short enough that if the market does better and you find a higer-yeilding CD you are not locked into that same rate when you could lock into the higher yeilding percentage rate and when the market starts sucking you will be locked into that higher rate.
Alternatively if you want to take some risks, you could try peer-to-peer loaning, I also deal with this because I don't want to lend my money to big banks and corporations, but that's just me being a humanitarian.
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