Buy/Sell shares online to make pocket money

India
January 29, 2007 2:13pm CST
Guys please give me as much information as you can on this. One of my uncle said that its possible to buy and sell shares on a small scale to start off with (online) so that i can make some pocket money out of it. Is this true... i asked to give me the site's name but he dint and asked me to find out. Please help me out guys and gals... any information will be helpful, Thanks!
1 response
@wenkinnoc (482)
1 Feb 07
please be very cautious as to buying shares on-line. I am a law student, and I am aware of the grave dangers that may arise through buying on-line shares. The rewards tend to be somewhat trivial especially when compared to the massive losses that can be endured. Be very careful and selective as to what companeis you choose to buy shares in if you should so choose to do so. If possible, check the balance sheet of the company for at least 5 years, and gauge the average profit/loss etc per year. Caculate if ther has been a rise or fall in profit, and if there has been change in the management of the company. You would be safer to simply raise the capital and then keep it in atrust and then live off the interest.
• India
1 Feb 07
thank you very much for the response really apprecaite your concern.