I have 30K to use to buy stocks. I need to make lots of money quick,what stocks do I buy?
Answers: We, those answering Qs, don't know why you need it so quick. Frankly it doesn't matter.
You MUST LEARN HOW TO PROPERLY trade to make your money grow.
When you don't know what to do or how to do it, you can very easily turn that $30K into $20K and less - much less.
You might get answers like GOOG or "mutual funds" or "hedge funds". DON'T believe any of that garbage.
If I could, I would ask each of those folks, "How do you know that's the right stock or mutual fund or hedge fund to buy?" The answers will almost be as varied as the number of people you ask.
You ARE THE ONLY person who will and can PROPERLY manage your own money.
When you trade, the very first thing you do is to learn about those things NOT to do, so you won't do them too.
1] NEVER become a trader THEN a
pray-er. Don't buy stock, then hope and pray it goes up [or down]. You MUST plan your trade THEN trade your plan.
2] Never listen to the advice or recommendations from others. Whenever you get a "tip", its important for you to do the research. When the stock meets ALL your trading rules, then you invest in that stock. When it doesn't, don't buy the stock.
3] Here are some of my trading rules:
A] I WILL NOT trade
Bulletin Board [.BB - dot BB]
Pink Sheet [.PK - dot PK
O-T-C [Over-the-Counter]
B] On a consistent basis, the stock MUST trade a minimum of 400,000 OR MORE shares each day.
C] I have a certain range I will not go below:
$26.51 and less to $44.99 not more; THEN its $55.51 to $64.99.
I WILL NOT trade any stock between $45 to $55. Stocks just seem to "get stuck" in this range.
D] I WILL NOT trade when there is any REAL news about the company. This is a gray area which many traders learn about.
E] I WILL NOT trade any stock which is going to have an Earnings Announcement. This is easily found on
http://yahoofinance.com
Another great site is
http://investopedia.com
Both of the above sites are recognized as "Knowledge Contributors" on runeye.coms. Both are free.
There are other rules I follow.
Here are some true trading sayings:
S1] There aren't any gifts on Wall Street!
S2] Trees don't grow to Heaven. Neither do stocks!
S3] Bulls [Buyers] earn money!
Bears [Sellers] earn money!
Pigs get fat!
Hogs [Greedy traders] get slaughtered!
S4] Plan the trade AND trade the plan!
S5] When a trader breaks his/her trading rules, he/she runs the risk of breaking his her trading account!
There are others
Thanks for asking your Q! I enjoyed taking the time to answer it!
VTY,
Ron Berue
Yes, that is my real last name!
Not the way to invest in stocks.
Get rich slow or get poor fast..
Anything that satisfies the 50% retracement rule.
To learn this rule, G00GLE for it, or read "The Trading Rule That Can Make You Rich" by Edward Dobson.
If you think you can make lots of money quickly then you are almost certain to lose every cent of that $30k.that I can guarantee you, no question!
Now if you really want to lose that cash as fast as possible, find some highly speculative penny stock and buy a million shares and start planning your trip to the tropics!
What companies are rising within the stock souk??
What is the best to invest my money in??Answers: A lot of " agricultural" products/companies enjoy been doing capably...I'm way up surrounded by TRA and AGU...some other good companies are POT, MON, SEED and eve DE ( John Deere)
Health nurture and Agricultural Chemicals.
Please refer to the link provided for updates.
I hold two employer. One offer a 401k and the other a SIMPLE IRA beside employer go well together. Which should I use?
The 401k has high contribution limits obviously. Can I contribute the max to each? Or at least possible contribute to the max of employer matching?Answers: A SIMPLE IRA or a SIMPLE 401k? They are two different creatures entirely. Bacsue you said the SIMPLE have a match I'll assume it's a 401k. As an hand, the amount that you can defer (or contribute) is limited to $15,500. This is call the 402(g) limit. You individually can't exceed this from a combination of all plans. In accumulation, there are plan margins. The 401k plan limit is 100% of your income (or lower if constrained by 402(g) or plan design). So you can contribute to a 401k up to $15,500 so long as you make $15,500. However, the SIMPLE 401k hold back is lower...for that you can only put surrounded by $10,000.
So, how much you should put in respectively is dependent upon a few things...the match surrounded by the 401k and your position in the 401k.
The 401k is subject to nouns testing. The SIMPLE is not...so if you're a significantly paid individual afterwards there is no distress of discrimination carrying out tests failure contained by the SIMPLE so I would max that out and then individual put in the amount to attain the max match contained by the 401k. HOWEVER, if you're a non-highly paid individual later you may be able to curry favors from the owner of the 401k by maxing out THAT plan to minister to them with any potential nouns testing issues.sometimes it's not other about the $$.
So long as you are acceptance maximum match within both and you're putting away as much as you can up to the $15.5k limit consequently which one gets the excess is not critical. Factors such as nouns testing, plan fees, investment choices, etc etc should be decide factor.
Contribute to both of them, to the max the employer match. That forces them both to money you the maxium FREE money.
Before contributing more, check with the IRS to see what the boundaries are. This might get confusing.
If you enjoy to choose one or the other, take the one next to the match. That's free money.
You should be capable of contribute to both. If you cam max out both you are doing very resourcefully for yourself.