Buy shares in the stock market to earn extra money
By faisai
@faisai (1138)
Hong Kong
June 12, 2009 9:24am CST
Have anybody here got any experience in buying shares in the stock market? What is your result so far? Is it a earning or losing money?
Could you share with us how do you decide what stocks to buy, when to buy and when to sell? Would you listen to the advice from those "investment experts" when you are making the decisions?
I start gambling in the stock markets about 2 years ago and I had to say it doesn't work out so well. Overall, I am losing money.
3 responses
@coffeebreak (17798)
• United States
12 Jun 09
It definately takes time for reserach and 'watching". few years back I learned some and just chose a place I frequent all the time.. Michael's Craft store. Bought at a reasonable price I could afford.. had like 50 shares. Figured to let it sit for retirement. 3 years later, Michaels sold to someone else, and they didn't want to transfer the stocks so they cashed me out and I made my investment back plus $700.
2 years ago my BIL was mentioning they bought oil..its going up etc. So I chose Chevron and bought what I could afford...68 shares... year later I sold when I saw the price double what I paid for it and earned my investment back plus $900 and glad I did then, cause 2 months later it fell back to what i paid for it!
Last October I bought 4 different ones...when the market crashed.. and cause the price was so low I could buy alot with my minimal investment amount.. now they are all triple what I paid for them so not only did I get my investment back. but have made double and in my research and watching.. see that 99% chance the stock market won't crash again for awhile anyway and in the life of the stock as far back as they have beentracking,, these stocks have not fallen to near the price i paid, so I am as sure as sure can possible be that I will at least never loose my investment amount..and 99% sure I will always have something earning in these stocks.
LEarn from the pros.. I learned from my brother in the first place and from a current billionaire - what he has done, and intends to do... that is how I found out about all the stocks I just bought last year.
But most deifinately... research and watch. I use Fidelity Investments and they only charge $19.95 per purchase and per sale so $40 is the total cost. I figure there might be other places a bit cheaper and Fidelity gets cheaper the more money you work with.
But all have said.. look at buying something you, a common ordinary person.. use or buy alot. I am looking into buying Spam (the canned meat) at the moment!
1 person likes this
@coffeebreak (17798)
• United States
12 Jun 09
Don't know what you mean by "your region"...but what do you use? Diapers? Check out Proctor and Gamble. You don't go specifically to the actual item... but to the maker or manufacture of that item. Spam is made by Hormel so you'd buy stock in Hormel. But look at what others buy or have... how many do you know have kids with Tyco or PlaySchool toys? Find out who the manufacture or owner company is and buy stock there. OR how about Martha Stewart - MSO is her ticker sign. I was almost ready to buy in there and then her "inside trading" scandle hit and her stock dropped to under $10 and although has come up from time to time, not something I think is that stable for my minimual investment money or something that i can take a chance on...plus having the $20 buy/sell fee... just decided to look elsewhere.
Word is in US that infastructure is the up and coming thing Obama is supposedly putting money into...won't be enough to do much in the country and it only puts a minimal amount of people to work as once done...it is done and doesn't take that many to do it... 5 guys work a stretch of road.. then move to the next stretch when they are done. Repairing a whole road could only employ 5-10 people.. but..it might be something good for short term investing. Buy now while they are not working, and then when it does start...wait a bit then sell.
The whole thing takes research and thought and watching the news and some old fashioned common sense.. ergo the theory...buy stock in what you use and usually if you use it...so do multitudes of others just like you!
@faisai (1138)
• Hong Kong
12 Jun 09
Thanks for your reply.
The idea of buying to stocks that we use is quite a nice idea only that the things I use daily isn't listed in the market here. On the contrary, whatever is listed in the market are not so local. Their operations are not quite in my region so this may not be the tactic that I can use.
@snowy22315 (180702)
• United States
12 Jun 09
I have some money in the stock market. It has bassically gone up and done. The fluctuations were based on the ups and downs of the market. I think stock market investing is a good thing but mutual funds are typically the thing to invest in rather than stocks because they will probably most likely retain value and stocks will not.
@coffeebreak (17798)
• United States
12 Jun 09
Another thing about stocks vs mutual funds is.. stocks go up and down and you often buy them just for "quick cash"... like buy at $50 a share and as soon as it goes to $80 a share... you sell. Or buy a seasonal stock "out of season" and then sell when that stock is "in season" like sumemr and winter or christmas - buy in February and sell in December. BUt you do have to research and watch. Mutual funds, as I have learned are ones that you buy and just leave sit for years and years until retirement or for a savings. You don't typically buy and sell much in mutual funds... you can.. but I have understood them to be more of a low risk investment. YOu might not make as much as a good stock, but you also won't loose as much as you could on a stock.
@coffeebreak (17798)
• United States
12 Jun 09
Everything is doing bad now.. but mutuals have their place same as stocks... just have to be "their" time. Who'd a thunk banks doing such bad loans and credit card companies being so greedy would have caused this recent crash. Problem is..although we hope they havelearned their lesson and won't repeat the same mistakes... I am betting that those money hungrey, greedy selfish CEO's and company runners won't since lot of this didn't effect them much as they are still getting their huge salaries, staying in the same job they were in when they took part in the problem, and getting huge bonus' on top of it all...
Best you can do is research, and learn and try on a small scale until you figure out how it works for you and then the more educated you get about it all, the more you are able to earn.
@faisai (1138)
• Hong Kong
12 Jun 09
Thanks for your reply.
As far as I can understand, there are also poor performers of mutual funds that are doing much poorer than the stock market. Though, I also think that buying to the mutual funds may be a good choice as they have the whole team of researchers to study the performance of the companies they are investing while we can only read the news and listen to all those useless analysts.
1 person likes this
@xxxlijames (187)
• India
12 Jun 09
yes i trade shares in stock market ,but it depends on your luck and your approch how you buy a stock and sell a stock .broker and analist give advice but it is not accurate all the time.but after all i think i am a gainer in this market in last 5 years.some of the time i give advice too for my friends on my blog if you want my blog adress mail me at xxxlijames@yahoo.com.
@faisai (1138)
• Hong Kong
12 Jun 09
Thanks for your reply.
I also find that the analysts are not only not accurate but sometimes can be quite a disaster. Like one analyst here in my place is giving out a range of the expected movements of the index that is over 50% of the absolute amount of the index. I mean, what on Earth is it all about when he is giving such a big range of values!? Why not simply say that the index can range from 0 to infinite!
@xxxlijames (187)
• India
13 Jun 09
i also suggest you to read at least one time a day moneycontrol.com so many suggestion are there so that you decide that you trade only for profits and for some certain stocks.
@faisai (1138)
• Hong Kong
13 Jun 09
There are just so many... no... too many "investing advice" out there from all sorts of people that some may have long proven record in investment and some may have you-know-what-they-mean qualifications. Nonetheless, there are no evidence that their advice actually makes sense. I mean the exact same person can tell you that a stock is going to dive like hell when a week later, he will give the advice to buy.