Stock Market Guide
Even after years of trading stocks and investing in the stock market, I could still use a little help in improving on growing my portfolios. In today’s economy I have no idea where the stock market is going. How can the DOW be at 10,000? With so many people out of work along with the government spending as much as they have in bailouts and taxes about to go up across the entire board next year, how can anyone have confidence in the stock market. Everyone is looking for a reliable stock market guide to help them understand what’s going on. It can’t be because of Washington’s new regulations on Wall Street. We’ve learn from the past that when the government enacts new regulations on anything, it causes less growth for the private sector.
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When I started trading stocks I knew who I was investing in, typically a once private company that grew to trade publicly on one of the exchanges. I would do my research on each company I wanted to invest in. After reading their financial reports and their balance sheets, I would decide if the company can and would make a profit as it grew even bigger. At that time I would build a position in the company stock in hopes of making a profit for myself.
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So with the way things are today, we can all use some help. My advice to you is not to just stick with a narrow range of places to get the information. There are so many legitimate websites that you have to your advantage that investor of twenty years ago didn’t have. One of the sites that I use is Yahoo finance. Since they are no small presence on the internet, I can find up-to-the-minute information and news releases on companies that I’m invested in or ones that I’m still researching.
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Many seasoned investors and traders know about TheStreet.com, a website site that Jim Cramer help start a few years ago. Jim Cramer has been active in the stock market for many decades and knows what he’s talking about. He also predicted the bottom of the stock market (6500-6700) just weeks before the stock market started plunging. Click the above links, or the banner below to start your free trial of Action Alert and start taking charge of your investments.
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Stock Market Basics – The Truth
Here at stock market basics, I try to inform the beginner investor on the things that he/she needs to know if they want to make money. I will posts the things that will help you make the right decisions, but you need to be realistic. At times you will make some great gains, but if you’re not careful you can have some devastating loses. So when you make your move, you need to remember that you won’t hit it big with just one trade.
Everybody wants to hit it big either by playing the lottery, go to Las Vegas or trading stocks, but the truth of the matter is that most people never do. The lottery and the roulette wheel is not the place to putting your hard earned money if you’re looking to make it grow. Let’s be for real, they call it gambling for a reason.
As for trading in the stock market can be a different story. Stock trading is not gambling and should never be treated as such. Like I said, you can make some great gains and double or triple your money, but don’t expect it to happen over night. No one ever becomes rich trading stocks, wealthy yes, rich no (unless you’re Warren Buffet). If a stock that you’re in doubles in value, you are only going to make twice the money you had. So, if you invested $2000 and it doubled, you would only have $4000 after all was said and done.
Don’t get me wrong, when I say that you can’t get rich, I don’t mean that you should even bother investing in the stock market. Quite the opposite, you should be investing in your future as well as teaching your kids to invest in theirs. The longer you’re invested in the stock market the wealthier (and eventually richer) you will become.
Patience is a virtue and to be involved in the stock market, you will need it. Don’t ever treat stock trading as a game because it’s not a game. I enjoy trading stocks and have a lot of fun doing it, even though you will hear some say differently.
Take your time, learn everything you can and be patient.
Tags: beginner investor, investing in the stock market, investor, money, stock market, Stock Market 101, Stock Market Basics, Stock Market Basics, stock trading, trading stocks, warren buffet