Yeah I think one of the biggest questions to ask is: How do you best handle your money in our economy today? I think thats what I'm most interested to hear about from others.
I've tried to just do what I can with the situation thats been dealt to me, and I'm looking for companies who's stocks have taken a beating but have bright outlooks. There's still plenty of money to be made here, its just not quite as easy as it was a few years ago.
Or maybe the answer is in other types of investing? What do you think?
Quote:
Originally Posted by Soon2bG60
Haha sorry Troll,
What I mean is, How much do you have too watch the market, And is it really worth it?
Age limit?
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Well, its kind of like an executed gamble. You should only invest money that you can afford to lose. I dont know if there's an age limit to be honest, the first investments I made that werent through my dad probably weren't until I was at least 18. There are some investors who watch the market all day long, and others who buy a stock or a mutual fund and they only check on it every 3 to 6 months... so its all what you want to do with it. There is definitely money to be made though, its just all a matter of your tolerance and needs regarding risk vs. reward...
Scapegoat... thats interesting. I've never thought about investing in art before and its definitely one route to take in todays strange world. I'm actually looking at the Supra as an investment that I can enjoy, a similar type of situation I suppose.
And on another note, here's something I found interesting... I have picked all my own stocks/mutuals except for two where I took some suggestions from my father's broker. Of the two stocks he suggested initially one went up (IGT), one went down (BAC)... but now they're both down, one about -3% and the other -30%.
Of the 10 or so other stocks/mutuals I currently own, only one is down about -10%, and I have more than made up for it with my other picks.
I feel kind of lost in the world sometimes making my own selections and I dont feel like I know enough to make educated decisions and that maybe it should be left to the pros, but at the same time I think you stick to what you know, you wait until it feels right, and you dont put all your eggs in one basket. So far I guess I cant complain with that type of gameplan.