I’ve been known to only read the headlines of articles only to find out later that it wasn’t exactly true. Don’t make investing decisions on just the headlines alone. Understand the news before you make any buy or sell decisions. The good news in this, people do make quick decisions on just headlines. By understanding the news, good or bad, could help you profit while other people are panicking.
Happy Trading!
I always feel like I have to buy a stock during the day. True, if I don’t buy, I can’t profit. Getting in a hurry to buy can only lead to buying the wrong stock. Since, I’m a lunch break investor, I have to be careful which stocks I buy and when. A big word of warning to everyone (myself included), never get in a hurry to buy. Be sure it’s within your buy limit and follows your rules.
Happy Trading!
I know everyone has lost money in the stock market due to the recession, but this is the best time to get started. The news has calmed down and found other things to blast us about. Companies appear to have stabilized, unemployment is starting to ease (or at least not making a sky dive into the metaphorical ground). The best part of this is that once things turn around, they go up. Up is good! Getting in the market now means you are getting in the ground floor. Remember the oft and over used saying, “Buy low, sell high”. Its low, time to buy.
Get in and get started. Learn the ropes and make some money. And of course, check back here or subscribe to the RSS for more articles and tips!
I know this is a no brainer, but it’s always important to say it. Never, Never, Never ever invest money that you need right now.
A gentleman told me a story of some co-workers of his that did this. They took their pay check and invested the whole thing in to the stock market. When they needed money, like rent, they would sell stocks and pay the bill. This was back in the roaring dot com era. You can guess what happened. The dot com busted and some of them got evicted.
So, remember, never, never, never ever invest money you need right now. Share your comments below or subscribe to the RSS feed to keep up with updates!
I have found that by creating an end goal keeps investing interesting and fun. Your goal could be a vacation, new big TV, pay off or buy a car, or some new expensive item. Having a purpose as to why you invest will help you stay focused. I have found without the end goal I start to lose interest in my portfolio. I would recommend leaving “filthy rich”* off the list, it’s too generic. Make your goal specific and give yourself a reasonable deadline. This tip works best for short term investing, for long term investing make your goal a specific number.
My goal is to pay off my family’s van with my short term stock portfolio.
* I have met a rich person and I have met a filthy person, but I have yet to meet a filthy rich person.
The only way to make money investing is to start investing. If you know nothing about investing then you can begin by learning. Read a book about investing, magazine, website, or listen to an investing podcast.
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