Get Started Trading Stocks
Q: I'm new, and looking for some advice. I've been saving up money for a while - my income right now isn't that great, but I've managed to save about $60,000, and I hate the fact that I'm earning 3.5% minus taxes in my online direct account, as this isn't even keeping up with inflation. Beyond that though, I would like to trade stocks for a living if possible. Beyond stocks, I'm also interested in commodities, and possibly other areas as well. At this point though, my main concern is learning as much as possible.
A:
Most people would be very happy to do that with $60K in capital...
All you want to do is safely make 80% on your money...
U.S. Gov't bonds yield 3.5-4%. The higher the yield you want, the higher
the risk you have to assume. You may have read a lot of books, but you
haven't done much thinking...
If you figure out how to do it though, come
did it, or tell us how long that $60K lasted. ;-)
Yeah, read all the books you can. My favorites for long term
investing are Ken Fisher's "The Only Three Questions That Count"
(up-to-date), and Peter Lynch's "One Up on Wall Street". What the heck,
get all of Cramer's books also. You will understand his show better.
I have one of his books. It was OK. The guy knocked down $100
million trading stocks so he probably knows something that you can
use.