Any tips on looking into investing in stocks?
by
deleted · 9 comments
8 years ago
chu
· 8 years ago
following for answers
ecumenicalmatter
· 8 years ago
Avoid 1929
theodorerex
· 8 years ago
So many tips! What kind of information are you looking for?
deleted
· 8 years ago
Yay! Basically how does one invest safely?
theodorerex
· 8 years ago
That's a complicated question. The safest investments are savings bonds, certificates of deposits (CDs), treasury bills and treasury bonds. The returns on each of those investments will be small due to the safety of the investment.
Mutual funds are a great way to gain exposure to the stock market without having to manage a stock portfolio by yourself. There is more risk but the returns will be higher.
Investing in individual stocks is the riskiest strategy, but the risk can be significantly mitigated by diversifying your portfolio.
Aside from something government backed, all investments are subject to the systemic risk inherent in the market.
What did you have in mind?
Mutual funds are a great way to gain exposure to the stock market without having to manage a stock portfolio by yourself. There is more risk but the returns will be higher.
Investing in individual stocks is the riskiest strategy, but the risk can be significantly mitigated by diversifying your portfolio.
Aside from something government backed, all investments are subject to the systemic risk inherent in the market.
What did you have in mind?
deleted
· 8 years ago
Wow, um, well you're a genius for starters. I was thinking about investing in individual stocks but I'm under 18 and I only have about $1000 to spare.
theodorerex
· 8 years ago
Lol thanks, I'm just really passionate about investing. First: it's illegal for me to offer investing advice, but we can have a discussion on investing ideas and intriguing opportunities.
Investment platform: there are many. Etrade, scotttrade, fidelity (what I use), TDAmeritrade... They're more or less all the same. There are also some apps that allow you to invest but I know nothing about them, I can look into them though!
As far as actual investment strategy, a good beginner strategy is to invest in companies you know or like, companies you buy things from. Using this simple strategy I invested, and made quite a bit of money with companies like Apple, Facebook, Netflix, Amazon, Buffalo Wild Wings, and dunkin donuts.
If you're serious about looking into investing I would recommend watching Mad Money with Jim Cramer on CNBC! He has a pretty entertaining show with some good content.
Investment platform: there are many. Etrade, scotttrade, fidelity (what I use), TDAmeritrade... They're more or less all the same. There are also some apps that allow you to invest but I know nothing about them, I can look into them though!
As far as actual investment strategy, a good beginner strategy is to invest in companies you know or like, companies you buy things from. Using this simple strategy I invested, and made quite a bit of money with companies like Apple, Facebook, Netflix, Amazon, Buffalo Wild Wings, and dunkin donuts.
If you're serious about looking into investing I would recommend watching Mad Money with Jim Cramer on CNBC! He has a pretty entertaining show with some good content.
chu
· 8 years ago
why is it illegal?
theodorerex
· 8 years ago
Well, technically it would be illegal for me to give advice and receive compensation, because I'm not a licensed investment adviser. Making it plain that I'm not an investment adviser and that this is just a discussion also removes me from liability if one of my suggestions tanks.
It's murky, so disclosure is preferable.
It's murky, so disclosure is preferable.
