stock tips!?

[yin_yang]

hi, i would like to get started in buying stock...i'm sure there are some individuals here that know a thing or two about it. do you use company websites? go by intuition? both? i really don't think gold is a good idea (short-term) right now, seems like there is a bubble forming, so i would like to invest in a mining company or in a metal/substance that is crucial to a newly-booming industry or a stable one...any tips on that front as well would be great. take care and thank you...

 

[Monarch Butterfly]

It is always better to buy low and sell high. BP (of Gulf of Mexico fame) is pretty low at the moment (personally, I wouldn't). In fact, economists are predicting oil prices to skyrocket in the coming years. Better to put 10%, and no more than 10% per investment, into an oil resource mutual fund.

Whatever you do, remember the 10% rule. Do not put all your eggs into one basket, spread out the risk.

Make sure you have an emergency fund first, in a money market fund.

 

[DTGeek]

Don't buy stocks, buy index funds. Literally more than 99.9% of *professional* fund managers fail to outperform the market in the long run (20+ years). If the next 50 years are anything like the last 50, your returns will almost certainly be higher if you buy and hold index funds than anything else you can do with your money.

 

[Urban Shocker]

http://www.youtube.com/watch?v=PSxihhBzCjk

 

[afransen]

Don't buy stocks, buy index funds. Literally more than 99.9% of *professional* fund managers fail to outperform the market in the long run (20+ years). If the next 50 years are anything like the last 50, your returns will almost certainly be higher if you buy and hold index funds than anything else you can do with your money.

+1

Don't pick stocks. That's my stock tip.

 

[yin_yang]

thanks y'all.

 

[Simple Man]

Well they say a monkey randomly picking stocks outperforms the market as often as stock analysts.

 

[urbandreamer]

I mostly trade mining stocks, look at the chart, o/s and see if the story looks interesting, and go all in for a double. If you don't know how to read a chart, stay away from the stock market!