Investing for the first time... IN A BEAR MARKET???!
By techfreak194
@techfreak194 (87)
United States
March 30, 2008 2:04pm CST
Well as it says in the title i am planning on trying to invest in the stock market for the first time very soon. People have began to tell me if i want to lose all my money go ahead. I heard that options are not the way to go for a first time investor though. I think i will go ahead but am i really stuck to just buying stocks for the first couple months or should o go farther. As of now i am only willing to invest 1k!
5 responses
@dreamy1 (3811)
• United States
30 Mar 08
Buy now stocks are on sale. These people that are giving you advice are they rich or poor? If they're not rich they have no money so why are you listening to them? Find the richest person you know and ask them advice about money. Listen to Bill Gates, Warren Buffett, Donald Trump they are rich. Why listen to your broke uncle who needs to borrow money from you every month?
@techfreak194 (87)
• United States
3 Apr 08
Yeah that was actually what i was thinking. Stocks are now cheap for even me. The only problem is that they will continue to get cheaper and i will lose money. Finding the perfect time to invest is the key but how will you ever know?
@joimarquez (1836)
• United States
7 May 08
thank you for starting this discussion. i always wanted to do stocks but i cant seem to start it coz i dont know how to do it. i have read one of the responses here with a link and i think the site will help me how to buy stocks. thanx again.
@limcyjain (3516)
• India
23 Apr 08
I would like to tell you that if you are investing with a long term view point then just do it without any hesitation. Investment in this scenrio would yeild excellent returns in the long run. Invest in stocks which have been fundamentally performing well interms of their financials consistently over the years. Dont go for penny stocks as it could lead to erosion of capital. If you are just a trader buy on days the markets fall sharply and you are very likely to get some recovery from lower levels over a short period.
@metal_monkee (930)
• Philippines
16 Apr 08
hi techfreak194...
its a good time to buy stocks...
but be careful of what stocks to buy because in this bear market many stocks are very similarly low...you dont want to buy stocks that are low because of its business economics is bad... you want to buy stocks that are cheap but have good business economics and will realized it true value in the future...
example what would you buy a unbranded shoe on bargain selling USD50 or a branded like say Nike selling on bargain for USD50 but with real worth of USD200? ^_^
@trader (17)
•
16 Apr 08
HI Techie !!
I'm a trader myself and interested in stocks. My sincere suggestion do not listen to the persons out there who just talk and walk out with any seriousness. After all its the matter of money. So, I feel that you have to do a market research about the stocks. As far I'm concerned the only website where you can be safe and earn money as well is the GNUTRADE at http://www.gnutrade.com/tour/.
When I was confused like you, my friend suggested me this website. And believe it or not, I'm all happies with the money I'm earning through this site.
This website is a boom to beginners. The LEARNING CENTER is very very beneficial, the MARKET TALK section tells about how the markets worked on yesterday and today and the most interesting thing is the excellent graphics in the TRADING WINDOW. The Helpdesk Team to support the customers. Lots of facilities to enjoy. I feel you should once visit www.gnutrade.com. There is no harm in checking out when you are investing. Give it a Go..i"m sure you will be benefited.
take care
