stock market....

Live forum: http://forum.freeipodguide.com/viewtopic.php?t=44852

cwncool

26-08-2006 07:23:09

Hey. I am interested in investing in the stock market. I already have a ScottTrade account with funds in it. What sites would you reccomend me to reccomend me what kind of stocks to trade and what to look for in a good stock? Thanx!

megotcash

26-08-2006 10:42:32

it is actually fairly hard to find a decent stock tip site. that's because everybody is so biased about which stocks they choose and why. you can check out http//www.fool.com for the motley fool advice, and there are some online investment places that allow you to look up "tips".

but, to find advice about investing, i usually turn to books. i know you really aren't wanting to spend months on learning how to invest, but the more information you have about investing the better.

i basically try to gather a broad look at what the stock is like. the more you consider about a stock, the better chances you will know about how strong it truely is.

good luck!

jy3

26-08-2006 12:24:08

fatwallet. go to their finance forum

Gooogler

26-08-2006 12:33:19

Buy stock in AOL and FreePay they are sure to do great in the near future.

KnightTrader

26-08-2006 12:51:52

Buy NYSEELN [Elan] And hold it. I've made quite a bit off it. And i'm still holding.

cwncool

26-08-2006 21:33:15

[quotee2cbe6b4d3="KnightTrader"]Buy NYSEELN [Elan] And hold it. I've made quite a bit off it. And i'm still holding.[/quotee2cbe6b4d3]
? are you joshing me like Goooogler or do you really think this is a good investment? btw, that stock is a little more expensive than I was looking. I was thinking maybe something along the lines of $4-$6 a share. please insight me on this and let me know if there are any others you reccomend. thanx

megotcash

27-08-2006 08:46:20

haha, i thought Gooogler was serious for a second. i was scared....very very scared

KnightTrader

27-08-2006 09:48:17

Well, I was serius. I can't garuntee anything, But I have around 5k, Sitting in ELN right now. The share price doesn't mean anything because you're looking at the percentage gain every day. When google moves up 20$ in one day its only 5% Gain. if ELN moves up 20$ its over 100%. ELN is not a "Safe" company. Anything could happen. I've done some research and believe its worth a buy. Also keep in mind. Don't put all your eggs in one basket. Meaning, diversify a bit.

jy3

27-08-2006 13:34:01

i suggest that you read finance forums and talk to people who do this for a living (not to take away from anyone here). do you have any retirement packages? a matching 401k is a great way to put money away for later in life. instant 100% return, of course u cant touch it for years but it is SO worth it.
a solid return over the next 5 years will be the various oil companies...

cwncool

27-08-2006 13:52:08

actually, i'm young, and I want to invest now, and put it in accounts growing interest, so by the time I'm 30-35, i can retire D

Kidd

27-08-2006 18:17:05

read the book automatic millionare if u wanna have alot of money when u retire if your starting early by simple savings