People Must Learn to Invest Money (learn to invest money)
Almost all the new investors when they want to start invest their money will ask me these kind of questions.(You must learn to invest money)
1. What do mean LONG and SHORT, in those weekly challenges. I think its means day trading and long term investing, but both within a week? I dont get it
2. Is it possible to buy and hold stocks that were once over 5x the prices it is now? I was thinking of throwing more money into: RZ, GE, SMB, CMS, CBI. I am willing to wait 1-2 years. I am planning on investing 10k.
3. I have been watching stuff like Cramer and reading Fool. But they too mess up, it seems as if its the right time to buy when the world thinks its going to crash.
My answers are:
1. LONG means buying a stock and in the anticipation of it going up and going SHORT means borrowing and selling a stock in anticipation of it going down and buying shares back to return borrowed stocks later. You must learn to invest money.
2. Yes it is possible, is it advisable? I don’t know. Before you put money into those stocks talk to a financial advisor, it seems as if your not looking to trade as much as your looking to invest. If your looking for investment advice speak to a advisor. Keep on study and learn to invest money wisely.
3. Everyone messes up, people aren’t right most of the time and trading stocks on Cramer’s advice is suicidal. A trader is wrong for a large percentage of the time, 60% right is considered a good rate. It’s HOW you trade that matters. Someone can be right most of the time on where a stock is going to go, but if they don’t trade it right they won’t win out. That’s why people must learn to invest money with a experienced investor.
Keep it in mind that, knowing the basic of investment is the key for you to become a professional and successful investor. Always remember that and don’t stop learn to invest money correctly.