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| hellokitty |
 Posted: Sat Nov 25, 2006 8:14 am Post subject: wHAT SHOULD I INVEST IN???? |
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I never invested money in stock before so i was woundering should i invest in things I like or use or should i invest high ranking stock like Pharmaceuticals and etc?????  |
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| frusnak |
| Posted: Sat Nov 25, 2006 1:21 pm Post subject: |
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CFO
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First off, welcome to einvesting!  Take you time and read through our posts and learn what style you have. By this I mean do you have a high tolerance for risk or low? Practice here, it won't cost you any money and you'll be able to develope you style of investing. Post to earn and learn! Have fun and good luck...  |
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| Im Not Warren Buffett |
| Posted: Sat Nov 25, 2006 7:25 pm Post subject: Re: wHAT SHOULD I INVEST IN???? |
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CFO
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| hellokitty wrote: | | I never invested money in stock before so i was woundering should i invest in things I like or use or should i invest high ranking stock like Pharmaceuticals and etc????? |
As a general rule, you should understand what the company you are investing in does. From time to time I look at pharmas and related companies, but they are very hard to establish values for because of the nature of medicine development and whatnot. If you stick to areas where you are more or less competant, you greatly reduce the chances of getting burned - how many people do you think knew anything about the business aspects of dot-coms in 1999? |
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| lancedefrance |
| Posted: Mon Dec 18, 2006 3:21 pm Post subject: |
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Investing Associate
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| I would say that the resource sector is good place to start. |
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| Do5 |
| Posted: Fri May 04, 2007 9:37 am Post subject: |
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Investing Sr. Associate
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| I tried the buy what I like, but I guess most people dont like what I like... guess you can figure where that went... |
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| Im Not Warren Buffett |
| Posted: Fri May 04, 2007 9:40 am Post subject: |
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CFO
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| Do5 wrote: | | I tried the buy what I like, but I guess most people dont like what I like... guess you can figure where that went... |
Well, right now you are showing a good return so far...
What is it exactly that you like(d)? |
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| Do5 |
| Posted: Fri May 04, 2007 10:01 am Post subject: |
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Investing Sr. Associate
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| JBLU, SIRI, and NEW, |
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| Im Not Warren Buffett |
| Posted: Fri May 04, 2007 10:23 am Post subject: |
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CFO
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| Do5 wrote: | | JBLU, SIRI, and NEW, |
Ouch. Those seem to be a collective house of pain.
Keep in mind that there are alot of businesses that are useful, but don't offer any real chance for owners to profit. Airlines fit that bill perfectly, as does satellite radio.
I never really bought into the "invest in what you know" because I naturally don't know that much about various products. I prefer to take a look at businesses that appear to be good financially, and see if they have a sustainable business model. |
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