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Old 10-30-2009, 05:48 PM   #1
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Who here dabbled in the stock market? I thought it might be fun to start a sub thread in BS where we can share our stock tips, long shots, why you think a company will do well, etc. etc.
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Old 10-30-2009, 09:31 PM   #2
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there's already a section for that. it's the BS section. this aint forums.stockmarket.com!
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Old 10-30-2009, 10:07 PM   #3
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Me. Be prepared to lose all your money or make some on mere luck. I strongly suggest reading a few books before betting thousands of dollars without reason or a pre-planned strategy.
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Old 10-30-2009, 10:33 PM   #4
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actually a good way to start without losing any money is to use google's igoogle portfolio. you can put in "fake" investments and track them to see how they perform.

it's a fast way to learn how bad you are until you're good enough to know why.
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Old 10-30-2009, 11:15 PM   #5
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I suggest you buy: "One up on Wall Street" by Peter Lynch; fun to read and it has really, really good suggestions.

I really enjoyed it.
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Old 10-30-2009, 11:30 PM   #6
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Quote:
Originally Posted by y8s View Post
actually a good way to start without losing any money is to use google's igoogle portfolio. you can put in "fake" investments and track them to see how they perform.

it's a fast way to learn how bad you are until you're good enough to know why.
The problem is that you'll have a much easier time "selling" your stock after it drops 10% in a day in a simulation than you will if you are facing the loss of real money.
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Old 10-30-2009, 11:33 PM   #7
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As for books I recommend

Trading for Dummies
A Beginner's Guide to Day Trading - very good book on analysis and trading in general
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Old 10-31-2009, 01:30 AM   #8
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anyone who knows anything won't tell you. and i'll tell you that you won't make anything with the time you're willing to invest, it's like a full time job....unless you're wealthy
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Old 10-31-2009, 04:27 AM   #9
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It is a fools game. No one will ever end up on top. Yes, I play the market and have had periods where I have made crazy money. I have also had many times where I have lost my shirt. After 20 years of playing the market I believe betting ETFs are the way to go. Individual stocks can be a lot of fun but can kick your *** too...

FWIW, I am pretty firm in my belief that doing a double the dow or s&p fund is a pretty good bet for the long term (20+ years). Not as sexy as buying MSFT, etc but it is a lot safer.
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