financegenie
Full Member
Cash: $ 12.40
Posts: 70
Joined: 19 Aug 2010
Location: Mumbai
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hi
I would suggest invest the money in Stock Market by the help of mutual funds with that your risk of losing money would be very less as compared to other type of investment in the stock market.
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Wed Oct 13, 2010 9:22 am |
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rppearso
Contributing Member
Cash: $ 9.50
Posts: 44
Joined: 22 Feb 2006
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The problem with Gold is metal brokers usually charge out ragious fees, you can never buy the metal at spot or even near spot its usually 50$ on the front end and 50$ on the back end. I would never buy physical metal unless the commodity prices were divorced from the metal prices and the metal prices took a major dump like platinum did in the summer of 08 or 09 (I missed that one due to being a slave to student loans and other financial burdens but wont make that mistake again), I am not sure if commodities were tracking the metal prices when that dump happned. I did buy an 07 canadian maple leaf just because it was the first 5 9's pure coin minted and I thought that was cool, I have probably made a few hundred bucks off it by now but thats not why I bought it) Right now natural gas is in the crapper, everything else is pretty much high so a poor time to buy, I found a little canadian energy trust that is doing well and pays 12% dividends but most oil and gas trusts and energy trusts are way over priced right now.
Also keep in mind unless you are buying a coin for nuismatic purposes the metal broker is going to pay a flat rate for gold, they wont pay premiums for things like maple leaves or gold buffallos so I would recommend just buying a crugerand if you insist on buying metal. Track the metal prices and wait for them to make major corrections and then buy, I have not seen any corrections significant enough lately for me to buy though. I do wish I would have bought platinum a few years ago, I even called that and was talking about it when it happend, damn.
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Thu Oct 14, 2010 4:00 pm |
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Kunal of HelloStockMarket
Contributing Member
Cash: $ 8.70
Posts: 41
Joined: 02 Feb 2010
Location: Canada
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If you don't mind me asking, I have thought of a few questions:
1. What is your risk tolerance?
2. What is you experience (I know you mentioned you are new, but how long)?
3. What was the last book you read about the stock market?
4. Approx. how much are you starting with? Ie $1,000 or $100,000 - ball park figure only.
Thanks!
Kunal
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Fri Oct 15, 2010 5:46 am |
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Roksana
Full Member
Cash: $ 10.30
Posts: 59
Joined: 26 Oct 2010
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The stock market is one of the surest way and the best place to invest your money. Stock market investing is like investing on online casinos especially in terms of the risks. Both can give you sure winnings if you just know how. But unlike the other games of chance, stock market investing is legal and you don't just depend on chances. You must have the knowledge of the market you are investing in and you must have the tactics that really work.
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Tue Oct 26, 2010 7:48 am |
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