Stocks lend a hand?
hey everyone, Hopefully this is my last query, I am interested in investing contained by stock...however being merely 14 and getting $60 a week.it will take me ages to return with $1000 which is the minimum needed to invest...I have be looking around for a company or website which acts as an investor and allows member to buy and sell stocks near just a minimum of $10.primarily it allows people trial to the stock market to make a contribution it a try...anyone know if these exist or if they are a good notion...also i have found this site http://www.winvestic.com/4436.html ...they contract with company's close to coca cola and other big names and i purely want to know, do they do what i just described above and if so, is it a obedient start for a young trainee? Thanks in credit, Greg!!Answers: Greg,
I can't say I know of any such organization, however, you might want to check out The UpDown. The site allows you to establish and maintain a virtual portfolio. If your portfolio consistently outperforms the open market, you earn real money. You can also write analyses on different companies, and if one of yours is preferred as an analysis of the week, you earn money. It might be a great alternative for the time being, as you cannot lose any money, and you can still produce money while gaining the experience. It's basically a thought, so check it out, because you could use that extra money towards raising funds to invest.
Good luck!
Brendan Prewitt
President, New York Capital Investment Group LLC
If you had to recommend three stocks for 2008 that I should buy in the next month, what would they be and why?
Answers: I agree with johndeere. Smokes and Alcohol stocks (so called sin stocks) do well in a bad economy. I especially agree with his mention of my namesake ;)
I too caution against getting your picks from this community.
Lots of jokers here and also the possibility of a poster trying to boost the selling price of shares he wants to dump.
Not sure of a specific stock, but I'd go with a firm that deals with OLED screens. They're the new upcoming technology, much like LCD screens.
EDIT: Maybe Apple. They've been growing a lot lately.
gonna be a recession coming soon, from the sound of it.
Stay away from tech, automotive, and anything tied to housing.
Reynolds tobacco, (RAI) will always be good, because people tend to still smoke when the economy is bad. Beermakers like Anheiser-Busch (BUD) and Boston Beer aka Samuel Adams (SAM) are also great... people tend to buy MORE beer when the economy is a little rough
Another perennial favorite is John Deere (DE) - anything agricultural is gonna be hot for the next several years.
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HTE a canadian oil and gas royalty trust (pays a monthly dividend which is currently 17% right now)
NRO a REIT (everyones scared of these right now, but NRO is doing fine. It also pays a hefty dividend.
C Citigroup. Been beat down the last few months, but with 2.3 Trillion (with a capital T) in assets, i cant see these guys going out of business anytime soon. Although i would only buy this if you plan on holding it 2 years or longer. Dividend on this is almost 8% although some are speculating the divy might get cut, even though management says they have no plans to cut the dividend.
JPM C NCC
They are all good company's that have taken a bath in the sub prime scare.
Stock marketplace abreviations?
stock market abreviationsAnswers: NYSE: New York Stock Exchange
NASDAQ: North American Stock Dealers Automatic Quotes
AMEX: American Stock Exchange
CBOT: Chicago Board of Trade
The BOX: Boston Options Exchange
There are a few others.
As far as the actual ticker symbols are concerned, they can be glibly found by going to http://yahoofinance.com
That site has A LOT of info on it. You can type contained by a company's name to receive the ticker symbol. Then get the quote from that.
The rationale why the symbols are used is to make it A LOT easier to gain quotes and post the stocks in the papers and other places - such as brokers' sites.
Trading can be a drastically challenging avocation. Some traders are contained by AND out of trades in a few minutes.
Others bide their time until the almost the exact minute when its time to enter and hold on for days, weeks, months or even years.
Thanks for asking your Q! I enjoy answering it!
VTY,
Ron Berue
Yes, that is my genuine last baptize!