stock market venture
- Thread starter JHL88
- Start date
custmsprty
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- Apr 11, 2012
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Watch CNBC, 6PM Jim Kramer Mad Money.
FUNX650
New member
- Dec 1, 2010
- 21,057
- 1
First of all:
•I suggest you study-up on the basic
factors that are said to comprise the
”imperial circle" of Reaganomics;
factors, such as: is there...
-A growing US economy?
-A large budget deficit?
-An appreciating US dollar?
-A growing trade deficit?
Secondly:
•You should keep in mind, that, even
the most studious of investment de-
cisions are, in the end:
-more Alchemy than an actual Science.
Bob
•I suggest you study-up on the basic
factors that are said to comprise the
”imperial circle" of Reaganomics;
factors, such as: is there...
-A growing US economy?
-A large budget deficit?
-An appreciating US dollar?
-A growing trade deficit?
Secondly:
•You should keep in mind, that, even
the most studious of investment de-
cisions are, in the end:
-more Alchemy than an actual Science.
Bob
custmsprty
New member
- Apr 11, 2012
- 7,496
- 0
Invest in mutual funds first and foremost, and stay away from idividual stocks, then the latter becomes an after thought. Leave stock picking to the pro's.
PS OP, that's Kramer's first rule of investing.
I have a 5 star rated morningstar nasdaq 100 mf fund invested in it 4 years ago and up 96% in a mf fund! I put $10K in it in my ira and now it's about $19,600.00 giddyup!
Dmb5450
New member
- Aug 13, 2014
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As custmsprty mentioned, mutual funds are a great starting place. Read and learn all you can. I really like to spread out my investments. Typically if one area is doing well, another area may not be. International markets is another area to look into.
I like to invest in things that compliment each other and are America staples. For instance I invest in fast food places and diabetes care. The two go hand in hand and since it’s the American way to eat what we want then ask for medication to solve the issue, I don’t see the trend changing anytime soon.
I may get a lot of criticism for this one, but I invest in cryptocurrency as well. IMO it’s the future. I hate our banks and how they do business. Custmsprty mentioned his nice gain in the market, and while that isn’t typical it is always nice to see that type of return. I assume he did a lot of research prior to throwing money at it. If you look into the crypto world do even more research than you should with the stock market. I have gained a lot and lost a lot as well. Loss happens just understand that it can happen. Be sure it’s money you are ok to lose. I don’t go to the casino, I know I won’t win. Instead I put some fun money into the crypto world and trust my research and it has been very nice to me so far.
Last thing I have learned, if you invest and have long term goals, invest and hold. My absolute favorite thing is when the market goes down. I throw more money in, I love when people panic and sell it makes things cheaper to buy and when it rebounds, and it always does, I make money. I saw a higher up in Edward Jones present and his quote stuck with me. It was something to the effect of “ if a dairy farmer wants to make more money what can he do? The response was buy more cows. He can learn about his cows, he can find if a special diet produces more milk, does milking at a certain timer yield more milk?” The same with investing, to make more you must buy more. You need to know your investment and understand they have good times and bad. Good luck!
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I like to invest in things that compliment each other and are America staples. For instance I invest in fast food places and diabetes care. The two go hand in hand and since it’s the American way to eat what we want then ask for medication to solve the issue, I don’t see the trend changing anytime soon.
I may get a lot of criticism for this one, but I invest in cryptocurrency as well. IMO it’s the future. I hate our banks and how they do business. Custmsprty mentioned his nice gain in the market, and while that isn’t typical it is always nice to see that type of return. I assume he did a lot of research prior to throwing money at it. If you look into the crypto world do even more research than you should with the stock market. I have gained a lot and lost a lot as well. Loss happens just understand that it can happen. Be sure it’s money you are ok to lose. I don’t go to the casino, I know I won’t win. Instead I put some fun money into the crypto world and trust my research and it has been very nice to me so far.
Last thing I have learned, if you invest and have long term goals, invest and hold. My absolute favorite thing is when the market goes down. I throw more money in, I love when people panic and sell it makes things cheaper to buy and when it rebounds, and it always does, I make money. I saw a higher up in Edward Jones present and his quote stuck with me. It was something to the effect of “ if a dairy farmer wants to make more money what can he do? The response was buy more cows. He can learn about his cows, he can find if a special diet produces more milk, does milking at a certain timer yield more milk?” The same with investing, to make more you must buy more. You need to know your investment and understand they have good times and bad. Good luck!
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Cruzscarwash
New member
- Oct 16, 2015
- 2,425
- 0
Try practice trading apps as well, u get fake money to play in the current market until you get the hang of things and learn how everything works.
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JHL88
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- Mar 17, 2013
- 1,137
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- Thread starter
- #10
As custmsprty mentioned, mutual funds are a great starting place. Read and learn all you can. I really like to spread out my investments. Typically if one area is doing well, another area may not be. International markets is another area to look into.
I like to invest in things that compliment each other and are America staples. For instance I invest in fast food places and diabetes care. The two go hand in hand and since it’s the American way to eat what we want then ask for medication to solve the issue, I don’t see the trend changing anytime soon.
I may get a lot of criticism for this one, but I invest in cryptocurrency as well. IMO it’s the future. I hate our banks and how they do business. Custmsprty mentioned his nice gain in the market, and while that isn’t typical it is always nice to see that type of return. I assume he did a lot of research prior to throwing money at it. If you look into the crypto world do even more research than you should with the stock market. I have gained a lot and lost a lot as well. Loss happens just understand that it can happen. Be sure it’s money you are ok to lose. I don’t go to the casino, I know I won’t win. Instead I put some fun money into the crypto world and trust my research and it has been very nice to me so far.
Last thing I have learned, if you invest and have long term goals, invest and hold. My absolute favorite thing is when the market goes down. I throw more money in, I love when people panic and sell it makes things cheaper to buy and when it rebounds, and it always does, I make money. I saw a higher up in Edward Jones present and his quote stuck with me. It was something to the effect of “ if a dairy farmer wants to make more money what can he do? The response was buy more cows. He can learn about his cows, he can find if a special diet produces more milk, does milking at a certain timer yield more milk?” The same with investing, to make more you must buy more. You need to know your investment and understand they have good times and bad. Good luck!
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Thanks for the post, pretty informative as with everyone who has chimed in. I'll have to make a list and see which areas have potential and are growing. im still doing research on the basics of things I'll have a few days off this week so I'll be doing a lot of reading.
Vanguard is the biggest mutual fund provider in the world. They focus on asset allocation with index funds. It's not very sexy, but it's the most reliable way to build wealth.
A fairly small percentage of humans (pros included) outperform the market over the long term. Stock picking is dead. And you would make more money doing the exact opposite of what Jim Kramer says. He's a great entertainer, but multiple publications have done weighted tracking of his advice. He's wrong more often than he's right.
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A fairly small percentage of humans (pros included) outperform the market over the long term. Stock picking is dead. And you would make more money doing the exact opposite of what Jim Kramer says. He's a great entertainer, but multiple publications have done weighted tracking of his advice. He's wrong more often than he's right.
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