Do you think its wise to play the stock market?
By slickpick
@slickpick (82)
United States
May 11, 2008 8:35pm CST
Do you think that it is wise to invest money in order to make money? i believe it is a good way for long term investors.
7 responses
@wickerman18 (7)
• United States
12 May 08
well with today's economy risks its a very hard choice to make. With prices going up all in America it could be a good or bad choice. Put for instance, Gold in the stock market will almost never go down because demand keeps getting higher. I say its a good choice in the long run Slickpick.
@slickpick (82)
• United States
12 May 08
Have you ever invested in the market? If you did, what was your profit/loss margin?
1 person likes this
@wickerman18 (7)
• United States
12 May 08
Well no not yet but i am wanting to really bad because i know alot about it. When i do ill probably invest in a phone or phone service company.
@slickpick (82)
• United States
12 May 08
Which phone company? And why? I really dont see any reason what so ever as to why you would want to invest in a phone company itself. Possibly Comcast as a main choice, then AT&T, but otherwise I dont see any means of earning a substantual profit.
@slickpick (82)
• United States
12 May 08
Agreed. I have invested in the market myself. I bought a few shares of The Coca Cola Bottling Company, It has gone up a litte since i invested.
@sdas86 (6076)
• Malaysia
12 May 08
In my opinion, do not play stock market if you don't have knowledge about stock market. It is too risky and you will lose money in stock market.
If you really want to play stock market, you need to learn some knowledge about it before going into stock market. You can attend seminars, read books about stock market and play tutorials of buying and selling stocks online.
You can read books on technical analysis of stock market and fundamental analysis of stock market. Learn those techniques properly and study them before you buy any stocks. These techniques can increase your winning chance in stock market.
You can read about Warren Buffett investing techniques. You can also join Miriam Macwilliams investing seminars to learn more about stock market.
I'm also investing in stock market, I'm also learn and read books to learn new techniques to reduce lost and increase winning.
All the best in stock market investment!!! :-)
@sharonr (10)
• Australia
12 May 08
I am a long term share trader on the ASX 200.
I buy a stock when it is at a new 15 week high and the sector its in index is above it's 30 day weighted moving average.
I short sell a stock when it is at a new 15 week low and the sector its in index is below it's 30 day weighted moving averrage.
I set my stop loss at 3 times the average movement of the stock and exit immediately the price touches my stop loss and do not hesitate to reenter the stock if it turns out I exited too early.
I am very disciplined when it comes to trading and believe me, it was a hard lesson to learn. It's so easy to get caught up in your emotions and make illogical decisions. Emotions that come into play with share trading are greed and fear and they'll ruin you unless you learn to control them.
So, I do think it is wise to invest in the stock market to make money as long as you have a plan and stick to it.
By the way, my trading plan works for me.
Sharon
@spideybolt (16)
• United States
22 Apr 09
I definatlly think Its a good time. Any time is infact. You just need to be smart about what your doing and not get scared. Think logically and play it well and you'll do fine. Thats how I personally feel.
@jdrhodes (111)
• United States
12 May 08
I think if you want to invest in the stock market it's your money, go ahead. Make sure it isn't any money you will need in the near future. Personally I think the stock market is a nifty casino for men in suits who play with companies instead of chips. Can you make money in the stock market? Sure you can. You can make it at the casino too. I'll tell you what though, the house wins. I've seen lots of stocks drop off the face of the earth, with the CEOs richer than any right they have to be. If you really wanted to earn some money you could invest in starting your own business, but that requires real work. Nobody wants to work. If I had alot of cash just burning a hole in my pocket, maybe some fine art. I'm sure you could win a Picaso at auction, you could have a Picaso doodle on a cafe napkin or a pair of underwear certified authentic property of Elvis Presley. People place value on some weird stuff. I guess I just figure if you're going to invest in a company, why not have it be your own? Then you can be the CEO and collect the profits. Heck you could even be successful enough to give someone a job. That would be good, because you would be helping others earn a living. Big companies cut their employees all the time just to make investors happy. I used to be excited about the market too, I've learned enough to make me not trust it, especially the financial advisors. How can you take advice from someone who makes a profit every time you make a trade? That's how they earn their living. Are they looking out for your best interest or theirs? If you're willing to educate yourself enough to feel comfortable picking your own investments I say have fun. But that's what you're doing, playing with your money. I invest in collectables. I try to find objects with historical significance, rarity, and appeal that will appriciate over the years. I don't expect to reap huge profits, but I know what I like and suprisingly I have been able to pick a few great investments that way. People are fans of their own culture, and when you can relate to what others like, you can find what they will treasure. It's kind of like buying someone else a gift. It could be a gift you like too, and that's great. Enjoy it for awhile, let it appriciate, and pass it on. It requires forsight to understand what is trendy verses what has lasting appeal. I suppose you could look at the market the same way. Right now commodities are popular. Oil is huge. Energy is expensive. This takes a bite out of superfluous goods. Food is getting more expensive. You see, certain people have more disposable income. What is it these people are buying? All people need certain goods. What do they buy? It isn't suprising that Walmart is a popular stock. Or Exxon for that matter. Perhaps Apple is more suprising. Do you think the hybrid/fuel efficient market will affect car sales? Hybrids are expensive, which auto maker seems to have a finger on the pulse of what will perform well in the market in 5 years? Investing is speculating. When you can come up with sound theories for what the future holds you have a better chance in creating a good market portfolio. Mutual funds tend to be safer. Holding onto your cash will cost you, the dollar is depriciating rapidly. It's hard to find a stable investment that will keep up with inflation. I wish you the best of luck in your investments. Please think about what you are doing before you do it.