For my birthday this year (March 2nd) I received 1000$ on an ameritrade account so I could just fool around and trade stocks and whatever.
I bought a bunch of ebay, got lucky, and turned my 1000 into 1400. Now its time to sell.
Does anyone have any useful information about picking stocks or making a portfolio? Im thinking to have like 25% ebay, 50% S&P 500, and 25% of some high risk penny stock or something like that.
I know I dont have enough money invested in the market to make it very meaningful, but I’d still appreciate any hot stock picks or other advice you have to offer. Thanks.
Maybe there is a forum like rec.gambling where stock market junkies congregate to jabber?
My biggest piece of advice to you would be to NEVER invest your hard won cash on some company recommended over the internet in response to a question like the one you posed above. Even if that advice comes from good natured unicycle riding folk who are trying to be helpful. If you’re going to buy a company’s stock, you should invest the time to research it yourself so that YOU feel good about the investment.
If you can’t or don’t want to do the research, stick with a low-expense ratio index fund, put your cash in, and forget about it…preferably for years. The unmanaged S&P had beaten the vast majority of professional fund managers over the last one, five, and 10 years. In some cases, so have chimps throwing darts at the stock listings in the newspaper.
I know this great company that my friend told me about, you invest $250 and in 3 years your garenteed to make 700% profit! All you have to do is send their catalogue to 2 friends and get them to sign up too. Its like making money without even working its rad!