hey guys , i am like every other man in this fucked up world trying to make a little money for my retirement ! new to the stock market so was hoping to get some ideas about how to go about it ! what kind of stocks are good to buy ? the ones to stay away from etc ? is online trading ok? or should i get a broker ? any info will help ! thanks for your time
Don't buy anything yet. Wait and see if we are indeed heading for a severe down leg.
Google "online broker reveiws" and find one that suits you. I use OptionsXpress and I like them just fine.
If the Dow goes down again, stocks like JNJ, WMT, KO, CSCO, PG will be screaming buys. The question isn't whether or not GM will survive, it's what happens to their shareholders. Only allocate a very small portion of your money to speculative stocks like that. F is the best long term bet between the two, IMO.
Research, research, research. I probably spend 40 hours a week reading about and watching the markets. If you don't know what you are doing, you will go broke.
If you have any questions, you can post them in the sell, sell, sell thread and someone will answer. Of the regular posters there, I'm probably the least knowledgeable but I'll try to help you any way I can.
Google "online broker reveiws" and find one that suits you. I use OptionsXpress and I like them just fine.
If the Dow goes down again, stocks like JNJ, WMT, KO, CSCO, PG will be screaming buys. The question isn't whether or not GM will survive, it's what happens to their shareholders. Only allocate a very small portion of your money to speculative stocks like that. F is the best long term bet between the two, IMO.
Research, research, research. I probably spend 40 hours a week reading about and watching the markets. If you don't know what you are doing, you will go broke.
If you have any questions, you can post them in the sell, sell, sell thread and someone will answer. Of the regular posters there, I'm probably the least knowledgeable but I'll try to help you any way I can.
I second everything DEC told you.
Although this is probably not a good time to buy, this is a great time to learn. Follow the sell, sell, sell thread like DEC said. Tiz has been it's major contributor. He is very knowledgeable. Maybe you could go back and read, read, read. QL's investment thread is worth looking in on. And although SSI is trading in options contracts, which is a stepsister to the stock market, he is working really hard daily to get some of us onboard with option trading. He's done very well.
Like sportsbetting the stock market ain't easy. Learn now and position yourself to buy when it's pretty clear that we have bottomed out. That could very well be a long time away.
Good luck.
Although this is probably not a good time to buy, this is a great time to learn. Follow the sell, sell, sell thread like DEC said. Tiz has been it's major contributor. He is very knowledgeable. Maybe you could go back and read, read, read. QL's investment thread is worth looking in on. And although SSI is trading in options contracts, which is a stepsister to the stock market, he is working really hard daily to get some of us onboard with option trading. He's done very well.
Like sportsbetting the stock market ain't easy. Learn now and position yourself to buy when it's pretty clear that we have bottomed out. That could very well be a long time away.
Good luck.
If BAC hits the $5.00 level...buy. The majority of their problems have been factored in, along with MLynch. 1 in 5 Americans has an account with them. They will be back....despite all efforts by the current adminsitration to handicap them.
Diversify, but that is the one financial I would buy..and hold on to
Diversify, but that is the one financial I would buy..and hold on to
