Stock market investors...Can I pick your brain a minute?

Question

It is a totally foreign subject to me. I'm sure I can find the resources to learn about it. I know I can't learn overnight and I will have to devote a big chunk of my brain to do it right, but tell me...Is it really worth it? Have your investments been for the most part successful?

Answer 1

Look at all the objective studies done on active trading/market timing. The answer is ....no.

Answer 2

DEFINITELY WORTH IT

Successful stock investing is the easiest and most effective way to accumulate wealth in the long term. It doesn't take that much time to learn (I would suggest reading a book). Also, it is actually fun (for some people).

Answer 3

Overall most investors who do not attempt to get rich quick, do very well.  Investors' worst enemy is greed.  It layed bare a great segment of investors during the 2000 internet bubble.  

For myself,  I have been investing since 1959 and has been my sole means of support for the last 10 years.  It is a relatively painless way to make a living except at tax time.

Answer 4

YES, It is really worthwhile.  Buy good stocks or no-load mutual funds. Be patient. Be disciplined. When the market goes down, that is a good buying opportunity, so keep some cash available for those times.

Avoid "penny" stocks. Go to morningstar.com;   msn.com; yahoo.com

Answer 5

The best thing for you to do is join one of these free stock trading games on-line. You will see how it works. No money involved. That's how I got started.

Answer 6

Mine  are  positive  overall  BUT ,

I   Do   my  homework .

If  someone  gives  me  a  'tip' ,  I  check  it  out .  .  .

Some  people  just  run  and  buy  without  checking .

Yahoo  finance   has  excellent  education  section  under  the  investing  tab   and  every  stock  quote  you  get  has  the  option  to   look  at  the   charts  and  key  stats  FREE .

You  can  even  create  hypothetical  portfolios  and  see  how  you  do .

http://finance.yahoo.com/

Do   your  homework  and   most  of  your  trades  will  do  well ,

{ which  will  have  a  positive  cash  flow  result } .

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Answer 7

I have made much more than I have lost. And everybody loses some of the time. Let time work for you. Invest for the long term and don't try to "time" the market. Dollar cost average.

Answer 8

Go for it, but after proper study

Answer 9

www.investopedia.com.  The information is free.  Stocks have historically beat any other investment vehical out there over the long term.  Stocks also require less money to get into than almost any other type of investment.

Answer 10

Long term, with the goal of retirement- meaning, basically, once I decide to buy something I'll sit on it for the next 30 years, definitely. I've basically already been able to get to the point where I know I'll be able to retire without worry barring the complete end of the U.S. economy, in which case we'll have bigger problems anyway. Can't beat that warm feeling.

In the short term, trying to make a profit over weeks or months or even a couple of years, it's been frustration at best. There is nothing you could offer me to try day trading for a living.

Answer 11

Over the long haul it is worth it.  I just sold about 80 stocks because I'm a little leery right now.  But will get back in this year.

I have made thousands of dollars over the years, but you definitely need patience and research.