anyone currently in the market? This has been a tough year to make a buck... easy year to lose a few, though!
well, I guess there's a number of ways - from working through an investment firm, or buying through the online services, participation in a 401K - sometimes companies also offer an employee stock purchase plan, where you can buy company stock at a discount. There's a lot of ways to get started. I would recommend 401K participation to anyone that has access to one through their employer.
I don't have much invested in the market, but I did invest in some pharmaceutical stocks, that I know will do well.....
A very good recommendation, and especially if the company also matchs the contribution that you have made. Gee, Rick you will be a millionair some day!
That's the plan. Unfortunately, by the time I retire, a million dollars will be worth somewhere in the neighborhood of 350,000 in today's dollars, so I have to overshoot that quite a bit.
Try a Roth IRA with a discount broker. It is easier to open then a savings account with a $500 min. With a Roth you put after tax $ in and when you withdrawl you get it all no taxes at all. Withdrawl is at 59 1/2, for down payment on a first home, or you may take out principal anytime without penalty. In a roth you may play the market and sell w/o any tax considerations. But a typical roth is in a high income bond fund with the div. reinvested. this is a good options because it eliminates the tax hassel of div reinvestment.
Making money in the stock market depends upon the level of risk you are willing to accept. The more risk - the more you can make. Of course that plays a large part in how much you can lose too But there are ways to minimize risk and still make money. But it requires constant attention, placing buy/sell orders that will be triggered at given points, a good bit of knowledge and the willingness to do the research beforehand. Kinda like buying coins in that regard In other words, it aint easy anymore but it can done if you are willing to expend the required effort.
Had a lot of luck with aapl over the past few years. Although it's only on paper... No dividend, but there have been two stock splits since 2000. Bone
