Good morning, my names westley, I’m a beginner in trading in the stocks and shares market. But I’m really enjoying learning about trading, any help And tips along the way will be appreciated. thank you
Hey there. You can see my name. I manage a tree service in Roanoke, Va. New to trading. Here just soaking up knowledge for now. Thanks for having this available for us.
Hi guys, I'm Jason O'Shea, I have an irish background but I'm Canadian born and raised. Looking to learn how to trade after seeing one stock go from 10c to 17c and my buddies are telling me it's probably going to go to 35
Jason, Nice to see you onboard. You are seeking for other opinions. That's good. I don't know what stock is trading for 10¢. But think about why it is only 10¢. My opinion is to stay away from it. A $0.10 valuation would be like if I had a lemonade stand, and I am offering shares. Why would an adult run a lemonade stand? if you were to buy $100 worth of stock, I would say buy $100 of something good. I would rather own 1 share of something good, rather than lose it on a 10¢ stock. The market is now better than ever for beginning investors. No minimum to open an account. No trading fees. And you can literally buy 1 share. I know what it's like to go to work, and live check to check. I still do it. When I first got out of school, I knew that if I could save $25 a week, I had $100 a month. I quickly learned that $100 in a savings account got nothing. Back then, in The US, even a U.S. Government Savings Bond was better than a savings account. And I wasn't going to open a lemonade stand with $100. And as a teenager, it was impossible to look ahead in years, to save even $1,000. Years ago, you could only open a savings account at a local bank, deposit your $100, and hope to get pennies. Today, you can open a brokerage account with the $100, and buy a share of the bank. Instead of a 10¢ stock, you could buy a share of Toronto Dominion. Years ago, mutual funds had investment minimums. You couldn't buy into anything unless you had $1,000 minimum. Today, there are Exchange Traded Funds with very low share prices. These would allow you to be a part of a much larger portfolio, and you could grow your money. In Canada, Brookfield has a good selection of fund investment options. Brookfield Asset Management, Brookfield Properties, and Brookfield Infrastructure are popular. I'm not telling you what to do. I just don't want to see you lose your money on a wild gamble.
Ahoy Jamey from Roanoke. A lot to learn. After decades, I am still learning. It's like trying to seed a redwood, knowing that it will be hundreds of years, until the tree matures.
I hear you, and I appreciate the heads up. I have been told by my older sister as well to be careful. But then I also have friends who made money no this stock and other stocks. Made money on bitcoin as well. I think it's worth the risk, I'm young and can take it. When I saw the report he showed me it was at 10 c, and I thoiught it would suck if it dropped. But it didn't, it went as high as 19, but is probably going to keep going higher. I know penny stocks can be a bit of a risk, but no risk no reward. If I put $1000 in this stock, I would be at $1700 right now, almost double.
Or you could have done something like that with stocks which are not penny stocks. After the pandemic, I bought Camping World. A real world company. Nationwide, largest RV dealer and largest gun seller by volume. My buy price was in the teens. Stock is at $40 on good day. Pays dividends. And then pays special dividends. More than doubled my money. I bought Boeing at $100. It went over $200. At it's peak, Boeing was more like over $300. There's a stock out there for you. Look around a little more. Plenty of stock with room for growth.
Hey guys. Hope everyone is well. Just started trading a week ago and I made profit very much to my surprise. I have found I truly enjoy researching stocks. Can I ask some of you. I'll be honest getting into this to make money. Can I ask you and please forgive the question but how many of you have made yourselves well off fron trading. I'm a layed off graphic designer and not a great one at that. alI have always dreamt of trading my way to a fortune but never had the time. I have to say its been a blast getting started and I seem to have found my true calling cause it seems I have a nack for it
@The Foot you are so getting the boot. *Snicker's at self for really bad pun* But welcome! Starting right away in winning form gives you a good taste in your palette. Just always remember, check your emotions at the door, don't invest more than you can afford to lose. Yes, you will lose from time to time, and sometimes more often then you wish. Slow, steady, and smart, will get you there fast. I think Lightning McQueen found out you have to slow down to go fast, and turn right to go left. Doesn't make sense does it. Welcome to the stock market. I haven't done badly at all myself. But I have had my toes wet for quite a few years. "I'll be honest getting into this to make money." I would have called you a liar if you had said any other reason.
Welcome, Jamey, Jason, and Foot. The best thing about trading is that it's a redistribution of wealth where everyone makes money.
Hello form Oklahoma. New to the forum. Recently started investing. Little late in life but hoping to catch up.
Hoping to get educated a little. Thanks in advance to all the knowable people who may help. I typically look for very inexpensive stocks that I think my go up. Did well buying Enphase at $4.77 but needed some money and sold at $19.11. Not a bad return but if I had held it for another month it went to over $60. Oh well. My focus now is on metal mining in North America.
