Am I the only one?
By lordelrond
@lordelrond (35)
United States
June 12, 2007 10:06am CST
Am I the only one who thinks that the stock market is the way to go to make money. I hear many people who have invested in companies when they started up and now they are set for life. I know somebody who invested in argosy casino, fifth-third when they both started and now they are rich. Or is the stock market to risky?
4 responses
@efreddy (250)
• Belgium
27 Jun 07
When I started in 1982 I didn't know anything about it either,I started a small amount in a fund that invested in stocks and after a while I asked the anual rapport of it and read it,the years 1982 to 1987 were good years to invest in stocks and I made a good return while I learned about it,now I can say I know a lot of stocks but how more you know about it ,the more you realize that you know just a little .
Like a great genius once said : I know that I know nothing.
(When you had invest 100$ in 1982 in stocks of the Dow Jones ,you have now about 1600$ (without the dividend! )and that is just a passive buy and hold ,something that could be done by every stupid person who has 100 $ on that time).
@smoke_gun (1243)
• Malaysia
12 Jun 07
investing in stocks is not risky,the "market" is risky.there are only fews people know the real meaning of "invest",the others are risk taker.im started invest in stocks few years ago,the returns are much more than bank fix deposit interest.as warren buffete said"buy the share of companies wleading by good leader,dont buy the share leading by market".
@lordelrond (35)
• United States
13 Jun 07
Does any one have any good suggestions for stocks? Any stocks you personally feel are a good buy? Or am I the only one who watches stocks individually. Anyways if anybody has any suggestions I would be glad to hear them.
@efreddy (250)
• Belgium
27 Jun 07
The stock market is a good way to make money but you must be carefull and there is some joke that said : the best way to make a little fortune on the stock market is to start with a big fortune.
I started with a very small amount in 1982 (I couldn't start with a big fortune because I hadn't one).
I did it quite well during the last 25 years but I'm not really rich now .
And over such a period ,you have of course some dissapointments too,remember that roses have thorns.
@pallidyne (858)
• United States
12 Jun 07
It's risky, but life is a risk. However, that being said, risk can be managed responsibly.
I believe the stock market is one way to make some serious money. This is why many 401K and other retirement plans have many funds that are stock based. Unless you have something in front of you that is a definate great hit, that you are getting in on the gound floor on and you have the spare cash to spare--- I'd recommend some of the mutual funds or index funds.
Essentially for every company that makes it big, there are 10-100 that fail. So putting all your eggs in one basket is one great big risk. Now, many of these investment funds or indexes are essentially groups of people who buy a variety of stocks. That's where I do a lot of my investing--- and is how most 401k plans are set up.
You are not going to make a million dollars in a day that way, but I do plan on retiring with 2-3 million dollars between my personal investments and 401k when the time comes for me to leave the cubicle life.
