This Forum has been archived there is no more new posts or threads ... use this link to report any abusive content
==> Report abusive content in this page <==
Post Reply 
 
Thread Rating:
  • 0 Votes - 0 Average
  • 1
  • 2
  • 3
  • 4
  • 5
I would like to start investing in stock?
01-22-2013, 04:14 AM
Post: #4
 
The first answer is pretty fair advice, correct about the adult needed to set up a trading account. While study of the famous such as Livermore and Buffet can be helpful, you also have to develop an understanding of things that work for you. That will be changing because of your age, but eventually you find we each have a style that works for us, and trying to mimic someone else's often does not. Livermore was an aggressive investor- one that made a lot fast, but also lost a lot fast. Buffet is a more stable investor that made a lot slowly. Livermore would have been bored playing the game with Buffet strategy, and Buffet would have been horrified using Livermores.

There is no place to learn exactly what you should do, but many places to learn how the whole thing works. Experience will eventually find the investor in you, and you want to acquire that carefully in the beginning.

One piece of solid advice: If possible, find yourself what used to be called a "Dutch Uncle", meaning someone who knows what you want to know and is good at it, that is trustworthy and is willing to take you under their wing like an apprentice- guide you, keep you safe, help you learn quickly. If there are investors in your family, that's the place to start.
Find all posts by this user
Quote this message in a reply
Post Reply 


Messages In This Thread
[] - DAVID - 01-22-2013, 04:14 AM
[] - A nobody - 01-22-2013, 04:14 AM
[] - pegasusaig - 01-22-2013 04:14 AM
[] - TAOST - 01-22-2013, 04:14 AM
[] - Arrogantairplane992 - 01-22-2013, 04:14 AM

Forum Jump:


User(s) browsing this thread: 2 Guest(s)