stock market?

United States
November 4, 2009 3:12pm CST
Hi, i have a freind who's dad invested in the stock market before he was born. He's now 17, and he's gotten a $200 every month for the stock his dad invested in for him. Is this even possible? How can i do it, and is a good idea in the state our economy is in right now?
1 person likes this
3 responses
@SQD444 (677)
• India
6 Nov 09
hi there.. its really possible and even more... stock market is an amazing way to earn money and you can money like anything and the best way to earn unlimited provided you should have the knowledge and patience and th talent to work and select the right stock and invest on it...
@rcanessa (26)
• Curridabat, Costa Rica
6 Nov 09
It is possible if your friend`s father invest in a solid company. In these times may seems a bad idea to invest in the stock market, but there are still very good options to invest your money. But you need to do your homework and read, read and read. For example, the shares of Goldman Sachs cost around 60 dolars in may if I remember correctly. A few months later the share cost over 120 dollars. So in conclusion, you can make money in the stock market, but you have to be very careful, is not a business for novice
@kykidd (6812)
• United States
4 Nov 09
What your friend's dad invested in was stocks that pay dividends. It is still possible to find stocks that pay these. Some pay monthly, both most pay quarterly or annually. It is still possible to do this in the market of today's world. In this kind of economy, I would suggest doing a lot of research. Perhaps you could invest in something like Coca-Cola, Pepsi, Johnson N Johnson, or something else that has been around for a long time and is not very likely to go away. By the way, saiduntothem, I noticed that you are quite new here on myLot. I would like to send out a great big "WELCOME" to you. I hope you will enjoy your time spent here.