Anyone invest in the sock market?

@stealthy (8181)
United States
June 18, 2007 11:45pm CST
I sold a couple of stocks today with a really nice profit. I thought I should take some winners while the market is up. Any other investors here and how are you doing?
2 people like this
3 responses
DJ9020
@DJ9020 (1596)
• United States
19 Jun 07
I have Chevron and Cheasepeake, both doing very well, and Unisys that isn't worth *^(&! I would like to buy Crocs (CROX) but will have to wait to make some more money to do that.
1 person likes this
stealthy
@stealthy (8181)
• United States
19 Jun 07
Of those I have Unisys which I got as a spinoff or something some time back. I wish I had sold soon after since it has dropped a lot since then. I don't have a lot of shares which is why I kinda didn't keep a good watch on it.
1 person likes this
dankelly07
@dankelly07 (33)
•
19 Jun 07
i like to know how i can get involved let me know what i need to do etc.
dankelly07
@dankelly07 (33)
•
19 Jun 07
Thanks for the advice, i had a look at a few websites, what do you think of forex? Do you reckon you can make much money from this type of website? Ill have a look into vanguard. Thanks
stealthy
@stealthy (8181)
• United States
20 Jun 07
I don't know anything about forex, but i've seen it mentioned in a couple of discussions.
stealthy
@stealthy (8181)
• United States
19 Jun 07
I'm in the US and according to your profile you are in the United Kingdom so I don't know what would be the best way for you to go. Here in the US I would suggest that a beginner start with mustual funds in a good low cost fund family like Vanguard. The safest type fund would most like be an index fund like one that follows the S&P 500. However, a beginner should never invest more than they can afford to lose, actually that goes for anyone.
amyzim1
@amyzim1 (122)
• United States
19 Jun 07
Contrary to the title of your post, I never invested in SOCKS. Last year I invested $4000 in Mcdonalds and in less than 1 year I made over $1000. Maybe it was lucky, I dont know. No experiece with stocks, but I thought how can I lose with McDonalds
amyzim1
@amyzim1 (122)
• United States
19 Jun 07
Just like Kenny Rogers says, You have to know when to hold them and know when to fold them, I think I sold at the very right time.
stealthy
@stealthy (8181)
• United States
19 Jun 07
That can be a good way to go, but not always. One of the first stocks I ever invested in was Dr Pepper a long time ago. It gained about 75% in a year so I sold. In another year it had split and doubled after that which made me wish I kept it longer. I don't think Dr Pepper is an independent company any longer but was bought up by a larger company some time ago. I still drink though.