CAA: Christian Anime Alliance

no I'm not talking about beef or chicken stock, although they are pretty tasty!!!

Well, I'm 18 now and I can become more financially independent. And I'm thinking about getting stocks. I may get a couple in the pharmecutical industry, but other than that I'm not sure what stock I should consider or even what industry to invest into. So if you guys have any recommendations. And of course, I'd prefer if you guys know what ur talking about but I'll take any suggestions. thanx

HwaRang777 wrote:no I'm not talking about beef or chicken stock, although they are pretty tasty!!!

Well, I'm 18 now and I can become more financially independent. And I'm thinking about getting stocks. I may get a couple in the pharmecutical industry, but other than that I'm not sure what stock I should consider or even what industry to invest into. So if you guys have any recommendations. And of course, I'd prefer if you guys know what ur talking about but I'll take any suggestions. thanx

I tend to be fond of putting stock in college expenses, which can be an arm and a leg.

gweh, I'm bad at the stockmarket. I buy and then don't know when to sell

Get good solid ones and hold on to them. From what little I know about the stock market you can't "beat" it you just have to ride with it.

HwaRang777 wrote:no I'm not talking about beef or chicken stock, although they are pretty tasty!!!

Well, I'm 18 now and I can become more financially independent. And I'm thinking about getting stocks. I may get a couple in the pharmecutical industry, but other than that I'm not sure what stock I should consider or even what industry to invest into. So if you guys have any recommendations. And of course, I'd prefer if you guys know what ur talking about but I'll take any suggestions. thanx

Practice with this

http://www.alexadex.com

If you do bad in that... maaayybbeee stocks isn't the best idea?

Your stocks, sir!

Careful w/ pharmecutical stocks. Not only are they tricksy, you never know when i better product will come onto the scene which could also be said w/ technology. Right now i think the best bet would be with energy stocks. Those can be kind of expensive though. But don't take my word for it cause our family generally has bad luck picking stocks. I have heard stop loss orders can be useful though.

That's just brilliant, W4J! Much better than the idea I had in mind... *points to the grocery store stock boy* ^_^

CDs (Certificates of Deposit) are a good investment if you have money but don't want the risk of the stock market. They are offered by banks and have a higher rate of return than savings accounts, but they require you to keep your money in for a set period of time or pay a penalty (generally loose some of the interest you've gained). Other than that, a good mutual fund can be a reasonable way to invest in the stock market as they diversify their holdings to make it more likely that you won't loose money. As for pure stocks, I would simply suggest you take care in selecting stock as any money you put in could disappear if something goes wrong with the company. Research the stock you are looking at first and make sure it is a company you believe will do well. Energy, Manufacturing, and Health Care are often reliable industries to invest in as they make up the backbone of much of our economy, simply take the time to find trustworthy companies first.

Unless you are willing to really devote the time energy needed to examine the company and its products, you may be better off with either a)safe stocks, or b)alternate investments.

By safe stocks, I mean looking for companies that will always do well no matter what the rest of the world is doing. For example Coca-Cola will always turn a profit, and it's not likely to go out of business any time soon. In terms of alternate investments, you may wish to look at bonds or mutual funds. Most bonds are safe investments, although you generally can't expect a high rate of return. Mutual funds are essentially collections of stock and bond holdings that are managed by professionals; these can be riskier, and you should probably investigate the fund/fund company first.

ugh, if only my parents followed my suggestion of buying google stocks like in 2003

I recomend finding a good mutual fund and investing in that. Your gain will most likely be higher then a CD (especailly since interest rates arent that good right now), but your risk isnt as high as picking your own stock. Sure you can win big if you get a good one, but I vote for diversified longevity. And a mutual fund is just the place to do it.

Experts pick the best stocks and investments going and spread your money between them, that way if one faulters a little, the other investments typically pick up the slack. You can pick what type of fund you want or gernerally the area you want to invest in and then find the fund that focuses on these areas.

In any case you need to be ready to stick with your decisions for the long haul. Jumping around will not only give you a headach, but will likely land you will a heap of transaction fees. Talk to your bank or an invesment firm about your options. I would recomend checking out ING Dirrect.

Right now I have most of my investment-money in two high-risk international funds. But they are in a bit of a slump at the moment (though much better then when I bought into them).

Diversity is what that obnoxious guy always says. I forget his name right now. It might be krammer or something. He seems to know what he is talking about. He was the number one investment dude a few yrs ago. He has some interesting stories and gives out advice on which stocks to buy. He has a podcast on itunes and i think its free.

Warrior 4 Jesus wrote:Your stocks, sir!

DANG IT W4J! I was gonna use that same photo!!

The problem with investing is there are no sure things out there. It used to be thought that Utility companies were always safe, then we had a disaster in CA with the power shortages and some went into bankruptcy. Pharmicuticals run the risk of having the company turn out to be sued over a new study over their product.

Truth is the stock market is considered the riskiest method of investing. I'd recommend doing some serious research into companies and talking to people with knowledge (I am unaware if anyone at CAA qualifies or not). Try to get the best knowledge you can and not follow the hype. Remember the late 1990's with the dot-com boom. People thought it was impossible not to make money. Now in 2006, most of those companies are gone.

I recommend heavy research and prayer for guidance to make a wise decision during the process.

well i dont have that much knowledge though im thinkin sony is probably a good one to get into with the PS3 coming out soon and all? or maybe i have things backwards lol

I thought sometimes game companies stock like sony, microsoft, and nintendo took a little hit right after the release of their new system. I could be wrong. Do YOUR RESEARCH!!! Otherwise it = bad.