Do you like to invest in stock exchange?

1. 38

   Mash 99posted 11 years ago

   Do you like to invest in stock exchange?
   
   If you do some speculation in stocks what precautions will you suggest for a stock exchange investor?

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2. 86

   BraidedZeroposted 11 years ago

   This is such a broad topic it's difficult to answer. You will get a different approach from each investor you ask. Some will tell you to buy and hold. Some will tell you to day trade.
   
   The best thing I can say is that if you're trying to retire on this money invest on something that will grow with time. If you want to use this money as a source of income then day trade for quick turnaround money. Of course that is just my opinion. I don't have any economic degrees, just experience from trading for the past 4 years with some good returns. I am young so I can take more risk with my investing. I tend to trade and only hold onto a stock for a few weeks, max. You might want to look into high paying dividend stocks though. They aren't a bad place to start. If you lose money on the stock, at least you will get some money back through the dividend.
   
   As far as precautions go, know when to get out. Set a limit that you know you want to bail and stick to it. That's about the only precaution I have. Unless of course you consider the fact that you need to know your level of risk, but that's just a given. If you're older you shouldn't have as much risk as a young kid.
   
   Hope that helps!

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      Mash 99posted 11 years agoin reply to this

      Thanks BraidedZero, it's nice to heard that you have good returns in some bad economic conditions. You seem to have set some rules of the game for your trading which many simply over look. Happy trading

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   duffsmomposted 11 years ago

   I used to enjoy it. I invested a little while I was learning about the market and the investment process.  Did so for quite a while then there was that nasty little down turn and while I didn't have a ton of money, i did lose a bit which I could ill afford to lose.  So I don't invest that way anymore.
   
   I would recommend the person really get to know the market. If there is a particular stock that the person is interested in, study it, study it's history.  One benchmark I used was how the stock did after 9/11 - how far did it fall, how fast did it recover.  It is a good partial indicator.

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      Mash 99posted 11 years agoin reply to this

      Thank you duffsmom, let see what others suggest in light of their experiences.

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   safiq ali patelposted 11 years ago

   I keep an eye on the stock market. But don;t invest there. If I had the money I would have bought one million BP shares when their share price collapsed and since their share price has recovered I would have been several millions pounds into profit.

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      Mash 99posted 11 years agoin reply to this

      I wish you get success to achieve your dream

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