[dave4418]

Anyone interested in the stock market here? I know there's one in the 20+ section, but unfairly, younger people can't go in (I think that banning from the 20+ section is way to strict by the way)

So, I'm wondering if anyone here trades, understands, or just wants to talk about the stock market.

It's a fascinating thing. It's fascinating to me because I do alot of research on it. However, alot of people can lose alot of money. Believe me, I've done that, and I WANT TO AVOID OTHERS FROM LOSING MONEY AS WELL.

Please feel free to share anything about investments, stocks, basic finances, etc.\

Also, I just want to something for young people on basic finances. Here's what you can do to be rich. DO NOT WASTE YOUR MONEY. That's what tv, movies, and your friends do, but this has got to stop.

If you want to be rich, save save save. Believe me, it works. Have a spending journal to account for every penny you spend and save.

I wanted to do a thread here because there are more people here.

Please sure anything about these topics.

[hungrycollegeboy]

The stock market is how rich people gamble.

Buy low sell high is the rule.

I used to be interested in the stock market.... but not anymore.

[PDURRR]

hahah i wanna invest in my own bank because they just got bought by chase and the stock was insanely cheap
it was like 1.30$ a share >< but yeah...if i had the money to i'd buy like 100$ worth but yeah,...i'd rather just save my money

aw i just checked its like 16$~ a share now lol

[dave4418]

The stock market is how rich people gamble.

Buy low sell high is the rule.

I used to be interested in the stock market.... but not anymore.

I think you're smart. The stock market done by most people IS gambling. It's dangerous for most people, and it should be avoided by most people.

Why are you not interested anymore if I may ask?

[KAITOU KID.]

I want to get into the stock market when I'm older.
Basically not now, because I have no cash to invest in the first place XD.

[duykato]

dave4418, the answers given here are the reason why we keep it in the 20+ section. If anyone is 19 and under and has a pretty awesome portfolio they're willing to discuss/share, then I will retract my statement.


Investing is NOT dangerous so long as you have a well thought out plan.
Here's a tip to you younger Soompiers. If you're trying to make a quick buck, then investing is not for you. However, if you want to buy a house, set up a retirement fund early, or save up for a car, then by finding out your risk tolerance and time willing to invest, you can set up a plan to meet your goals.

The majority of those that try to time the market get owned. Whereas those who 'stay the course' and follow through with their original plan, don't even stress. They only check back once in a while to readjust their portfolio here and there.

[xiam9]

I just went into an investing seminar a few weeks ago but unfortunately it lasted until midnight so by the time the
good speaker came up my head was throbbing like hell.

Anyway, what I learned from the seminar is that you have to start saving and investing early
that way you'll have bigger returns by the time you retire.
The key is that you only invest what's left of your disposable income, that is after you pay for necessary bills at home(food, internet etc.) or if you live on allowances, it should be the money that's left after you bought a good pair of school shoes, bag, art supplies etc.

Just save a little money every month and it has to be something that you won't regret losing.
Don't put all your money or even half of it into investing, it really has to be something
you can throw away...

[hungrycollegeboy]

Don't put all your money or even half of it into investing, it really has to be something
you can throw away...

Very nicely put, and it's reason why I don't want to be involved in the stock market until I'm more experienced.

All or nothing.

[wahsi]

I've been interested in the stock market for a while now. Problem is I have trouble finding a company that is cheap enough so that I can buy 100+ shares. Also I don't really know what to do in terms of research. I've read about so many different ratios but don't know how to effectively apply them. What I've learned from researching about investing is that it is important to not have any debt and to set clear goals so that a plan can be drawn up. Also if someone wants something like a ten-fold gain in their investment, it is important to look for companies that not many institutions have shares of. As the value of these "lesser know" companies rises, more and more people will buy the stock and raise the stock price. Now actually seems like a pretty good time to be buying stocks

[Rini]

edit/// I was about to write some advice, but I heard that you can get in big trouble with giving out advice on investing things.

[zacey]

basically, before you invest, there are a few things you should know:

1. Invest Horizon
2. Capital you have
3. Risk Appetite

of course, then we go into the fundamentals and technicals aspects of the organisation stock you are interested in...

notwithstanding, you should pay keen attention to the world economy, finance, politics etc as all these have an impact on your investment portfolio...

[dave4418]

dave4418, the answers given here are the reason why we keep it in the 20+ section. If anyone is 19 and under and has a pretty awesome portfolio they're willing to discuss/share, then I will retract my statement.


Investing is NOT dangerous so long as you have a well thought out plan.
Here's a tip to you younger Soompiers. If you're trying to make a quick buck, then investing is not for you. However, if you want to buy a house, set up a retirement fund early, or save up for a car, then by finding out your risk tolerance and time willing to invest, you can set up a plan to meet your goals.

I agree with some of what you say. However, as I write this, the S&P 500 and TSX composite are both down more than 33% from their highs. Losing 33% in a person's retirement portfolio in a couple months is pretty scary.

If you're a beginner and want to get into the market, be careful, and do tons of reading in advance. Nobody knows how bad this crisis will be.