I want to invest about $50,000 and would like some aggressive growth........Like everyone else I bet .......would love to learn all about stock options and penny stocks and all the other wonderful opportunities out there.......would love all the help I can get Thanks and I am looking forward to connect Babs
Welcome to the forums. Questions encouraged. Be sure and check out the Educational Video's and Materials section. You'll want to learn some about technical analysis and some of the stock picking strategies. Penny stocks are OK, but don't limit yourself to them with the amount you have to invest. Also, position sizing and controlling amount of risk on each trade is very important.
$50,000 and options with some conservative strategies will probably be a much better approach! If you want to gamble with aggressive growth, use a very small portion of your total pool there, maybe 2-5k at most. If it works out and you start doing well, put more money into aggressive growth rather than jumping in without testing the waters!
It sounds like this is not your first rodeo, Babs. 1st off I would forget the pennies unless you build up some profit and want to gamble a little bit. It's a whole different game and strategy to be successful. Even though I buy a few calls once in awhile that is not my expertise. Like Gil said test the water first on the growth stocks in case the market goes south. I suggest picking your trades and wait for a market melt down to get the best value for your buck and ease into to those trades. Personally I have been loading up on financials for when the Fed does raise rates they are going to fly. Do your own DD and learn how to chart a stock if you don't know already. Nothing to it...watch, learn, and trade Stock Option Basics http://www.theoptionsguide.com/stock-option.aspx
Yeah just like others said, I wouldn't start with risky investments especially with penny stocks. It is just way too speculative as they have less stringent requirements regarding financial transparency, governance etc. compared to NYSE or NASDAQ stocks. In most cases, investors are not able to beat an ETF that is mimicking overall stock market (i.e: VTI). Trying to beat market usually results in larger transaction fees, larger tax rates for ST investments, and not utilizing your whole account fearing /waiting for a drop so in the long those ETF's are a way to go. I personally have 3 accounts 401K, ETF acct & Play money acct. My play money probably only makes up 10% of my whole investment. I just do it as a hobby otherwise (unless you are really an expert) stress, time you waste with research doesn't worth the additional money you make However for play money, if you really want to gamble, you can at least try to find stocks with right risk/benefit ratios. For example, right now pretty much all retail sector is beaten down and if you can identify stocks that are oversold that can come up with good ER's than you can have some nice profits. Just to give an example, I bought EXPR and KORS on Friday and now watching FRAN. It is a gamble, but it is at least a calculated gamble with limited downside compared to upside... EXPR is filing this week and KORS next week (i think)... I feel like this happens all the time, early this year it happened with energy stocks, some went bankrupt but most gained 20-30% once oil started to increase again... Then biotech, they are yet to recover... And now retail. These kind of situations always create many good buying opportunities so just watch for those... For technical analysis I would watch (I might be mistaken) @Gil Oren 's videos on youtube. I couldn't find links but when I first started I found them to be very helpful.
Hi Babs my 4 predecessor posters already said it all ... I only got left to welcome aboard Stockaholics here (I am Italian) we have a proverb>>> Tell me who you frequent and I'll tell you who you are <<< meaning what are your strategy-plans? are you a completely newbie? ok you say>>I want to invest about $50,000 and would like some aggressive growth I am a bit different from the other because I scalp (with 50K$ in margin can do a lot with it .. I +/- got that in margin and it give me quite few $$$ to play with) IMO you should start by learning the basic and work a strategy - plan otherwise your capital will soon go down... there isn't any quick money making... that will come with time, experiences and knowledge etc... etc.. etc... around this forum you will find a lot good traders... watch their strategy trades and learn read-study ... with time, not distant tho, you will make your 50K capital grow into many KKKKKK$$$$$
