SmallVictories is fine and dandy and, by the way, addicted to FarmTown.
I now understand enough of the stock market to satisfy me. What remains is for me to Fix my small stock portfolio by doing an analysis, selling, and buying.
How I did it: I took Corporate Finance twice. To my great dismay I failed it the first time. But having a good overview and doing my homework really helped.
I don't think you can or should try to "understand" the stock market
without taking a university course. Otherwise you are going to be
getting the biases of the book authors that you read, and those who are
advising you.
Lessons & tips: Do your homework. You can't learn the right formulas in the right situations without practicing.
Resources: Probably any Continuing Education department of any university has courses. Textbooks are good.
SmallVictories is fine and dandy and, by the way, addicted to FarmTown.
I now understand enough of the stock market to satisfy me. What remains is for me to Fix my small stock portfolio by doing an analysis, selling, and buying.
maybe if i read the stock market in the paper it will just slowly sink in…
SmallVictories is fine and dandy and, by the way, addicted to FarmTown.
I started in 1999. Boy, I have hardly broke even. I got really, really frustrated with it two years ago and have gradually sold off everything. There needs to be a $15 K base balance in order to get the annual fee waived; I’ve been paying that fee for two years now after pulling my money out and putting it into better investments. However, the truth is, you have to be a long-term player in order for it to work – and you have to diversify. But then you also have to know all about the companies of the stocks you own. That’s a hell of a lot of work – so factor in your work time, and you might not be doing that fantastic, really.
Anyway, I have two stocks left, one of them is a ‘freebie” left over from an aquisition that I sold – 4 shares left totalling $60. The other is a long-term lemon that I bought at $65, 45, 2.20, and 3.40. It is finally ticking up to the break-even point for me, and when it hits that, I’m going to be burning to sell it. I’ve had it for 7 years. Perhaps at the time I’ll feel optimistic and try to hang on a little longer. But I’m glad that, despite the uptick that MSFT gave just after I sold mine (at not much less, but still less than the cost I bought them), that I got rid of them after all because it dropped again.
It just seems so stupid – and part of that’s because I don’t really, really understand it.
Tip? When a merger or aquisition is coming in on one of your stocks, SELL. ALL of it. It goes up until the deal is done, and then it drops and stays down for a LONG time. And another: news of a pending stock split isn’t necessarily great news. That’s why I bought MSFT, but it didn’t do any good in the long run.
Hey all!!!
I think it’s very worth to understand stock market. It’s the best place to invest money and to earn a lot!!
I feel so busy, that I never find time to figure out how it works. I want to pronounce everbody, taht till jan 1st of 2008 I’m gona know eveerything about it and I’m gona invest some.
See ya :)
A great help is looking at Yahoo Finance, this is really the main site that helped me understand how the market works as it shows you all of the latest changes, etc
mcx has helped me start. I always wanted to get into STOCKS but never knew how? Luckily my fren shed some light on how commodity trading was xpanding. Ever since i am very happy achieving that piece of cake i dreamt. Now i am gradually expanding my wings on equities and mf. This start was not enuf coz i wanted 2 get familiar with stocks but hey i am glad i started somewhere…
looooooved it. the stock market is intensely interesting, and the basics are pretty easy to pick up. “one up on wall street” by peter lynch has been around a while, but it’s a great book for starters. entertaining reading. also, just clicking around on sites like fool.com and investors.com is a great way to learn about the market.