Does anyone speculate in stocks?

@creb11 (416)
China
May 17, 2007 4:15am CST
Now more and more people spend their money on stocks, even a senior school student can do it, does it mean our life become rich? or something else? I don't have enough to buy stocks, what about you?
1 person likes this
8 responses
@efreddy (250)
• Belgium
23 May 07
You can always start with investing in stocks (not speculate),you don't need a large ammount for that (2000 $ is enough when you start with an index tracker),I started in 1982 with 10000 BEF (about 250 € that time). You should do your own research and most important you like that work and you could learn a lot ,after a few years you should be very pleased you know this ,it's very amazing . (My parents and sister didn't like the idea of investing in stocks in the year 1982,this was for rich people and not for us,two years later my mother bought stocks for about 2500 € I recommend them,this stock has now a value about 20000 €,my sister bought a stock in 1987 for 600 € with has now a value about 14000 €,you don't need to speculate on stocks,buy and hold a good company is far better). The Dow Jones (The 30 most important stocks in The USA) stood arround 1000 in 1982,today it stood above 13500. In Aug 1987 it stood 2722 and in october there was a crash and the shares fell back to 1738,the most people should have called you a fool when you should have talked about buying stocks in october 1987 because this was too risky. When you use your own little money that you could miss for a long time even buying in august 1987 was good.(buying in october 1987 was better of course). But some people speculate and has taken a loan to buy stocks and on the moment they fell,there is panic.
1 person likes this
@kapahaka (19)
• Malaysia
17 May 07
stock is a way to create wealth. It is riskier if you compare with other investments and you will be rewarded handsomely if the stock you picked treats you with good return. It is volatile, and most of the people involved in stocks are speculators. This is different with smart investment, where you do calculate what are the risks involved in investment and you do not follow (speculate) in making decision. In contrast, to smart investment, people tend diversify their investments as a way to mitigate risks. They are other investment that can bring good return with lower risks, to name a few unit tust, land and property. Get rich thru smart investment.
1 person likes this
@kapahaka (19)
• Malaysia
17 May 07
stock is a way to create wealth. It is risk and you will be rewarded handsomely if the stock you picked treats you with good return. It is volatile, and most of the people involved in stocks are speculators. This is different with smart investment, where you do calculate what are the risks involved in investment and you do not follow (speculate) in making decision. In contrast, to smart investment, people tend diversify their investments as a way to mitigate risks. They are other investment that can bring good return with lower risks, to name a few unit tust, land and property. Get rich thru smart investment.
1 person likes this
@latsmom (824)
17 May 07
Hi As with yourself I do worry about putting my hard earned cash into stocks and as there are so many people who own some of the sites who are out to rip you off it is finding the right stocks to invest in. try www.hyip.com it should have a list of the sites that do actually pay and you can see roughly how much too and how much that the site themselves have invested and got back. Hope this helps.
1 person likes this
• Singapore
25 May 07
Hi : I've been trading stock options for the past 2 years and believe me the knowledge that I've learned along the way about how the stock market works and the emotional aspect of trading - were very useful, especially when you want to make investment part of your route for financial success. It's always good to build a strong foundation right the beginning and I recommend that you start off with the book "How To Make Money In Stocks: A Winning System in Good Times or Bad" written by William J. O'Neil. This book provides a very good introduction into the world of stock trading and if you like investing for the long-term the CAN CLIM method of share trading is one of the most sensible & simple way in picking & investing of good quality company shares. Yours Truly, Tony Chai a disabled trader http://options4u.blogspot.com
@golfproo (1841)
• Canada
17 May 07
Yes I do dabble in the stock market. I am not too good at it however and have lost a lot of money. All my stocks are down right now. I will not sell any of them until I at least get the money back I spent on them. It may be a long wait :(
• Japan
17 May 07
i have started purchasing stocks for myself...actually i invested it in a mutual fund where your money is being invested major stock players...for almost a year now i have seen significant progress on it...i`m thinking of its long term benefits as what it is designed best for...just check first the background of the handlers of your investment im sure it is going to be a fruitful endeavor...Good luck
• Philippines
17 May 07
no i do not know how to invest money in the stock market. neither do i have any knowledge on how to play the game that they are gaming with each day of their lives.