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NormalGuy_abc
08-10-2006, 09:24 PM
Recently, I considered trading stocks on the market to make money http://forums.ubi.com/groupee_common/emoticons/icon_cool.gif, primarily for colledge.

I was wondering if anyone could tell me what I need to get started. I was also wondering if anyone has any advice on trading. Any info. would be much appreciated.

http://forums.ubi.com/groupee_common/emoticons/icon_smile.gif

NormalGuy_abc
08-10-2006, 09:24 PM
Recently, I considered trading stocks on the market to make money http://forums.ubi.com/groupee_common/emoticons/icon_cool.gif, primarily for colledge.

I was wondering if anyone could tell me what I need to get started. I was also wondering if anyone has any advice on trading. Any info. would be much appreciated.

http://forums.ubi.com/groupee_common/emoticons/icon_smile.gif

Tom_Cruise2006
08-10-2006, 09:35 PM
Iraqi money...thats not a joke btw.

NormalGuy_abc
08-10-2006, 10:10 PM
http://forums.ubi.com/images/smilies/353.gif http://forums.ubi.com/images/smilies/1241.gif http://forums.ubi.com/images/smilies/351.gif

halo_99
08-10-2006, 10:23 PM
http://forums.ubi.com/images/smilies/agreepost.gif

MadamTampini
08-10-2006, 10:34 PM
Interesting, just yesterday I was drilling my mother with questions about trading stocks. I was thinking about it but I need a broker http://forums.ubi.com/images/smilies/16x16_smiley-tongue.gif

halo_99
08-10-2006, 11:18 PM
I could be your broker http://forums.ubi.com/images/smilies/16x16_smiley-surprised.gif



I wouldn't even know the first thing to do http://forums.ubi.com/images/smilies/16x16_smiley-indifferent.gif

AlphaFem
08-10-2006, 11:26 PM
<BLOCKQUOTE class="ip-ubbcode-quote"><div class="ip-ubbcode-quote-title">quote:</div><div class="ip-ubbcode-quote-content">Originally posted by Tom_Cruise2006:
Iraqi money...thats not a joke btw. </div></BLOCKQUOTE> Iraq... that's a question... but not for THIS forum.

thejackel21
08-10-2006, 11:29 PM
playing the stock market for gain money for college isn't a really great idea. I have had friends, who have lost practically everything over the last year alone, by using the "trend" stocks.

But if you really, want to do it safe bets are to go for blue chip stocks aka stocks that are guaranteed. Basically companies with a good track record for paying out divs and making good decision in ensuring the holder gets his money worth. Like IBM, Coca,

but if you are willing to take a risk and get into the trend stocks,
think about investing into entertainment companies they more stable nowadays.


if you want i can go into more detail in a pm

AlphaFem
08-10-2006, 11:41 PM
...or war industry huh? This thing worth every penny at every age.

thejackel21
08-10-2006, 11:43 PM
war industry actually depends, on what the company makes. Example: many assume that companies know for making military tanks are worth it. When if fact they aren't

IonG.O.D.
08-10-2006, 11:51 PM
My suggestion, is, don't. You need alot of money to gain a bit. My dad has alot in stock, and makes 1/20th back. Be advised he has had experience for 30 years.By 1/20 i mean every 20 bucks = 1 buck back. So 21 bucks. Stock trading is not a game for kids and requires skill and alot of times a stock broker, like TD Waterhouse.

AlphaFem
08-10-2006, 11:54 PM
Companies are companies,some of them better,some worse,but the war is the best business of all ages and peoples.This is the fact.

IonG.O.D.
08-10-2006, 11:58 PM
My suggestion is that only start stock if you have some extra cash, extra being about 20-50k. You will lose alot and hopefully gain more. Anyone under the age of 22 prolly shouldn't even think about it.

AlphaFem
08-11-2006, 12:09 AM
Ah yah,all this stock playing is not my cup of tea.

quillan
08-11-2006, 08:54 AM
I have no experience with stocks, but I do know there are two ways to make money with stocks. One, buy reliable stocks and collect dividends for as long as you own it. This is usually a reliable income source so long as the company is good, but you don't make money this way (few dollars a year, typically). The other way is to try and buy a stock you think is going to go up, and sell it off once it does. It's much easier to lose money this way than to make money. Stock isn't cheap either. One share doesn't do anything; you need lots, typically between $30 and $150 per share. I don't recommend doing that. I think you'd be better off gambling at a casino, which is to say no better off at all.

oldskool7142
08-11-2006, 01:54 PM
I suggest taking your natural aptitude for stocks by going to www.stocksquest.com (http://www.stocksquest.com) Make 5 or so accounts and if you tend to have a good streak going on all of them then yea stocks are for you. If you lose money well dont even try.

jchung
08-11-2006, 03:00 PM
I made 70+ percent a year for the last three years on gold stocks.

My current stance is short on the market. With the rate hikes that the fed has made, this economy is going to slow very soon.

thejackel21
08-11-2006, 10:53 PM
slowly? i wouldnt say slowly i would say quickly. Look at the exchange rate between U.S. currency and Canadian: it was 0.667 back in the late 90s now at .90-.93 tops! A change like that on average takes 10-15 years to occur.