Can I Make Some Money by Getting My Money in the Stock Market?
I have 2700 dollars to get 'em in the stock, I'm a college-bound and that's my last year in high school so my father told me that if I be kind of "wise" I can manage my money well and I wouldn't need money from him anymore. Is this true?
Public Comments
- Yes you can, but you can lose it just as fast. I'd put it in the bank or in a money-market fund instead.
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- Not until you know what you are doing. Study stock investing, do paper trading, read and absorb all your can before you put in 1 cent of your hard earned money in the stock market. Remember you can lose it all in seconds if done unwisely. In the future, you definitely can make great amount of money investing, it is the most exciting and rewarding experience.
- bad time for stocks-
- Don't do it. Get out. And stay out. We're heading for a market crash and another Great Depression. What's really going on: http://bp2.blogger.com/_H2DePAZe2gA/R9sT... or http://tinyurl.com/2p5qyk That's right: $91 Trillion in derivatives, financed by 1 1/4 trillion dollars of investor assets. That's almost double the total global GDP (approx. $48 Trillion) for JP Morgan alone. Funny money. IOU's. Another $34 Trillion for CitiBank and $32 Trillion for Bank of America, each with $1 1/4 Trillion backing their bets. And how they got away with it: http://biz.yahoo.com/ap/080328/derivativ... or http://tinyurl.com/3b8vjn As Paul Harvery would say, "And now for the rest of the story." These are very interesting looking numbers. And very revealing. While it's true that existing single family home sales were up 2.8% month to month-- they were down 22.9% year to year. How does that old saw go? Figures don't lie; but liars figure? Existing Home Sales: Feb 08 (preliminary): Single Family Only for Printing (click on the PDF Adobe icon): http://www.realtor.org/Research.nsf/file... Things are going to get worse, too: U.S. Economic Outlook 2008: http://tinyurl.com/pehzp or http://www.realtor.org/Research.nsf/file... And commercial real estate looks like it's starting to go downhill too: Commercial Real Estate: http://tinyurl.com/yw9hf5 or http://www.globalindices.standardandpoor... Warehouse and Desert Mountain West have already headed south. Protecting democracy requires an Informed electorate. If you agree, please copy and paste this to whomever you wish.
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