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  #1 (permalink)   Spam Kill
Old 01-16-2007, 01:55 PM
MagicHatt MagicHatt is offline
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Exclamation I need advice?

Ok by the way my name is Chris. Im a student in high school but I have a few questions that I need answered. im very interested in stocks and investments. There is one thing though. I have $1450 i am able to throw around and i would like to put it in to an investment(s). im just wondering would it be better if I put it in to one investment or many others. I've heard the term don't throw all your eggs in one basket but im just wondering what I should do with this money. If anyone can help me out please post asap.
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Old 01-16-2007, 03:52 PM
nirav34 nirav34 is offline
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Diversify, diversify, diversify! Build a portfolio with different types of equities (high risk, speculative, low risk, etc). Oh and by the way, stay away from penny stocks, it won't get you anywhere.
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Old 01-17-2007, 01:45 AM
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Systemic Systemic is offline
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Psh, thats what the "logical" thing to do is...

But who needs logic anyways!

Pennies can get you to the moon if played right. The only problem is, no one knows how to play it right, unless your an MM or the anti-rufus... Then you would always get it right...
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Old 01-17-2007, 01:48 PM
Desdriv Desdriv is offline
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Good Place to start

Quote:
Originally Posted by MagicHatt
Ok by the way my name is Chris. Im a student in high school but I have a few questions that I need answered. im very interested in stocks and investments. There is one thing though. I have $1450 i am able to throw around and i would like to put it in to an investment(s). im just wondering would it be better if I put it in to one investment or many others. I've heard the term don't throw all your eggs in one basket but im just wondering what I should do with this money. If anyone can help me out please post asap.
http://www.investopedia.com/university/beginner/
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Old 02-05-2007, 04:02 PM
dc_wonder dc_wonder is offline
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Quote:
Originally Posted by nirav34
Diversify, diversify, diversify! Build a portfolio with different types of equities (high risk, speculative, low risk, etc). Oh and by the way, stay away from penny stocks, it won't get you anywhere.
Diversify with $1450?

Commissions will be around $20 round trip, so if he puts all 1450 into one stock he'll need a 1.4% gain just to cover commissions.

If he buys 2 stocks equally ($725 each) he'll need a 2.76% gain to cover the commissions.

I don't know if diversity (more than 2 stocks) is the answer here...
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Old 02-05-2007, 07:29 PM
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Hellcat65 Hellcat65 is offline
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No offense but I certainly wouldnt play pennies without some very good knowledge of what your getting yourself into. To just jump in and make a play is not a good investment plan without studying how this type of stock works.
I think for someone your age and with that money you should do some research and see what you can do with that to make it grow. Dont try to get rich over night by playing the stock market youll be sadly disappointed and broke. There are plenty of investments that you could put that money towards that will get you very good returns over the long run, your young and you have time to invest and watch that money grow. Maybe look into some lifecycle funds....
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