| Author |
Message
|
| paula0000 |
 Posted: Tue Feb 22, 2005 3:59 pm Post subject: I find the stock market so intimidating |
 |
|
Investing Manager
|
| I wonder if it's because I don't really understand it- I wonder if there are any easy to read books about the stock market..? |
|
| Back to top |
|
 |
| jeepgirl30 |
| Posted: Wed Feb 23, 2005 6:14 am Post subject: |
|
|
Investing Sr. Associate
|
| I find it scary too because its MY money! I've heard so many horror stories. Of course I heard success too. |
|
| Back to top |
|
|
| Leighla |
| Posted: Wed Feb 23, 2005 6:48 am Post subject: One thing to consider... |
|
|
Investing Associate
|
Buy what you know! Hey it works for Warren Buffet.
Buy into companies whose products you know and love. That have a good solid reputation. That have a big demand. There are certain things we all need to make it through the day, day in and day out. Look into companies that fill a need and you personally trust.
That's a good starting place. |
|
| Back to top |
|
|
| mommytimes4 |
| Posted: Wed Feb 23, 2005 9:51 am Post subject: |
|
|
Investing Associate
|
| It is a scary thing, especially if you dont understand it. |
|
| Back to top |
|
|
| Leighla |
| Posted: Wed Feb 23, 2005 2:45 pm Post subject: |
|
|
Investing Associate
|
It is scary. I didn't mean to minimize your feelings about investing.
You work hard for your money. You want to start investing and then you hear about the nose dives and corruption in the corporate world. That's enough to give anyone cold feet.
I do believe in buying into companies that you know and have been around for awhile. It's a good way to start, by building a portfolio of low risk stock and then broadening to other levels of risk/diversity later. By not putting all of your eggs in one basket you reduce the risk of taking an extreme hit in the negative.
Just my .02.
Have you checked out the website: www.fool.com? It's the Motley Fool investing website. It's a great resource. |
|
| Back to top |
|
|
| mrsboz |
| Posted: Wed Feb 23, 2005 4:20 pm Post subject: |
|
|
Investing Sr. Associate
|
| i think it is scary but I think the first thing is to try to only use money that if you lose it won't break you. l Also, a lot of times it seems like it will go back up as quickly as it goes down so don't count your money until you actually withdraw it from stocks. |
|
| Back to top |
|
|
| Leighla |
| Posted: Fri Feb 25, 2005 8:04 am Post subject: |
|
|
Investing Associate
|
| mrsboz wrote: | | i think it is scary but I think the first thing is to try to only use money that if you lose it won't break you. l Also, a lot of times it seems like it will go back up as quickly as it goes down so don't count your money until you actually withdraw it from stocks. |
That's good advice, mrsboz.
I like the blue chips. There are a lot of old sayings in regards to investing. I like, "Buy it and forget it." or "Buy and hold.".
I don't buy stocks that would make me feel I like I'm on a rollercoaster. I don't want to be nervous about my investments. (I don't mind a little risk.) |
|
| Back to top |
|
|
| jboone |
| Posted: Fri Feb 25, 2005 8:33 am Post subject: Scared |
|
|
Investing Associate
|
No one needs to be scared.
Before you do anything pick up a book called Missed Fortune 101 By Douglas R Andrew.
An Easy Read with real examples that you can use and profit, its not a buch of technical jargon.
It is by far the best financial book I have ever read.
Best of luck! |
|
| Back to top |
|
|
| fladoozle84 |
| Posted: Sat Mar 12, 2005 7:02 pm Post subject: |
|
|
Investing Sr. Associate
|
I keep feeling like I should be doing something but I cant make up my mind what to do first! I am scared to do anything because I am still in college and spending way more than I am making (loans and parents). I've read the books and just need to sit down and make a difinitive decision, I know not making a decision is a bad decision (I learned that from the books!)
I wish I could invest $100 and get a small gain to feel comfortable instead of feeling like I am risking more |
|
| Back to top |
|
|
| tylr |
| Posted: Sun Mar 13, 2005 3:21 pm Post subject: |
|
|
Investing Associate
|
| fladoozle84 wrote: | | I keep feeling like I should be doing something but I cant make up my mind what to do first! I am scared to do anything because I am still in college and spending way more than I am making (loans and parents). |
Yup! I think you got the right idea there in terms of spending or 'not spending' priorities. It's often a good idea to pay off your loan first then think about your long term investments then your 'played' money. |
|
| Back to top |
|
|
|
|
 |
| hulamama |
| Posted: Sun Mar 20, 2005 11:14 pm Post subject: I find the stock market intimidating |
|
|
Investing Associate
|
| It's hard to do stuff that you don't understand. I don't undersand any of it either. Hopefully someday I will have the money and the knowledge to use it. |
|
| Back to top |
|
|
|
|
stock market game on the web. At eInvesting you compete for monthly cash prizes while you interact, make virtual dollars, purchase items, and trade in the realistic stock market simulator. We make investing FUN!
