I have always looked at investing in the stock market as a legal form of gambling....if you're going to put money into it, don't put it in unless you have it (don't borrow from someone) and be prepared to lose it, so it's not going to make you or break you.
Remember the stock market is a roller coaster; It's great when the stocks you buy go up....but they also go down; it's all cyclical. You don't just pull out your money because of panic and fear... if everyone does that...the market crashes...where as if you ride it out with stable companies..in the years to come...you might see incredible growth. Use your head and do your homework; Just because people hype a stock, doesn't mean that you buy it..that's why they're hyping it..they convince you to buy and then they sell...you've lost and they've made a bloody fortune.
I'm not into day trading. I want to invest in a company or companies I believe in and keep my money there to grow.
Read...Read...Read....the internet makes it easy now inform yourself, financially. I read everything I could....every publication out there... this was after I asked a relative, whose livelihood is in the NY Financial District, to help me and he refused...I educated myself. Then, and only then should you think of investing. That's why Business Week interviewed me...I was someone who self-educated and my name and success became known.
I, personally, will never use a "financial advisor"...because in the end, if you're up on everything...they don't know anymore than you do...and now you've entrusted someone else with your money. Take responsibility. Good luck!
(This is my opinion...you have to formulate your own...I take no responsibility for the financial choices you make)
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www.rebeccadru.com
