[quote=sherman_gluck][quote=ghos7ayama]sal how viable are penny stocks because my econ teacher got really mad when me and my friend won the stock market game in high school on penny stocks[/quote]
http://www.amazon.com/The-Intelligent-Investor-Definitive-Investing/dp/0060555661/ref=sr_1_1?ie=UTF8&qid=1365665740&sr=8-1&keywords=the+intelligent+investor&tag=teamfortresst-20
http://www.amazon.com/Quantitative-Value-Web-Site-Practitioners/dp/1118328078/ref=sr_1_1?s=books&ie=UTF8&qid=1365665753&sr=1-1&keywords=quantative+value&tag=teamfortresst-20
value investing books[/quote]
oh wow, someone posted this; proudofu
I've literally replaced the time I spent playing TF2 to invest, and some other things. I do believe that value investing is the best method, and probably the best way to win in the long term. Here are some other books:
http://www.amazon.com/One-Up-Wall-Street-Already/dp/0743200403/ref=sr_1_1?s=books&ie=UTF8&qid=1365753516&sr=1-1&keywords=peter+lynch&tag=teamfortresst-20 (easier read than Graham's book)
http://www.amazon.com/Margin-Safety-Risk-Averse-Strategies-Thoughtful/dp/0887305105/ref=sr_1_1?s=books&ie=UTF8&qid=1365753560&sr=1-1&keywords=margin+of+safety&tag=teamfortresst-20 (look for it on the internetz)
ghos7ayamasal how viable are penny stocks because my econ teacher got really mad when me and my friend won the stock market game in high school on penny stocks
only if the business is disruptive, backed by strong fundamentals (unlikely), or you have insider info
[quote=ghos7ayama]sal how viable are penny stocks because my econ teacher got really mad when me and my friend won the stock market game in high school on penny stocks[/quote]
only if the business is disruptive, backed by strong fundamentals (unlikely), or you have insider info
So question, as a recent college graduate and you get your first nice salary job. But you still have college loans to pay off, new/used car to purchase, and bills to pay... what is the best way to invest your money? I have always been interested in the stock market, but how do you play that game. Just seems a bit risky in my opinion. What other alternatives or just tips for investing within the stock market?
So question, as a recent college graduate and you get your first nice salary job. But you still have college loans to pay off, new/used car to purchase, and bills to pay... what is the best way to invest your money? I have always been interested in the stock market, but how do you play that game. Just seems a bit risky in my opinion. What other alternatives or just tips for investing within the stock market?
I do a tiny bit of investing myself, but it's not actually to make money and irritates my family's broker (which we acquired due to a legal settlement years ago).
In general cheeriss, you'll either have automatic investments in the form of a 401k, IRA, etc program from your employer (which will have various terms and agreements you'll want to look over - in general it's better than investing solo since *most* decent companies reward you for investing in your 401k by matching your contributions - and you can still cash it out for emergencies in some cases) or a pension plan (pensions are mostly a thing of the past unfortunately). These options are mostly used for retirement purposes, and especially as a young person, your terms will usually be pretty good.
If you want to invest just for the sake of investing because you have excess money laying around, your best bet is to get in touch with a broker or financial assistant who could manage a portfolio, and invest a substantial amount of money and then they'll give you the talk Sal is giving and come up with an investment plan that suites your needs (how much risk are you willing to take).
But more often than not, unless you're getting a really sexy job, it's best just to pump a modicum of that money into your 401k (if you have one) until you're financially stable (no college loans etc).
I would also say you'd be best off to pay off your college loans as quickly as you possibly can so as to avoid the interest payments, so if you were to make any investment it'd be to take care of those :D lol.
Investing in stocks won't win you anything if you're paying interest on those loans unless you get super lucky - plus it frees you up to take on more debt for other stuff (like a mortgage) without cutting into your disposable income.
I do a tiny bit of investing myself, but it's not actually to make money and irritates my family's broker (which we acquired due to a legal settlement years ago).
In general cheeriss, you'll either have automatic investments in the form of a 401k, IRA, etc program from your employer (which will have various terms and agreements you'll want to look over - in general it's better than investing solo since *most* decent companies reward you for investing in your 401k by matching your contributions - and you can still cash it out for emergencies in some cases) or a pension plan (pensions are mostly a thing of the past unfortunately). These options are mostly used for retirement purposes, and especially as a young person, your terms will usually be pretty good.
If you want to invest just for the sake of investing because you have excess money laying around, your best bet is to get in touch with a broker or financial assistant who could manage a portfolio, and invest a substantial amount of money and then they'll give you the talk Sal is giving and come up with an investment plan that suites your needs (how much risk are you willing to take).
But more often than not, unless you're getting a really sexy job, it's best just to pump a modicum of that money into your 401k (if you have one) until you're financially stable (no college loans etc).
I would also say you'd be best off to pay off your college loans as quickly as you possibly can so as to avoid the interest payments, so if you were to make any investment it'd be to take care of those :D lol.
Investing in stocks won't win you anything if you're paying interest on those loans unless you get super lucky - plus it frees you up to take on more debt for other stuff (like a mortgage) without cutting into your disposable income.