I'm new to trading and stocks ...
and really need some advice; has RIMM reached its peak or is it worth buying shares of?? If not, I don't know what sites to look at online, so can someone PLEASE give me a few suggestions for maybe 5 or so stocks I can purchase for long-term returns? And/or any advice as to where I should look/read/research would be greatly appreciated but not all these newsletters and debates - thank you!!
Answers
426 points
MONEYTREE answered one month ago …
I would not buy RIMM until late this week or next week the shake out is happening now. But i don't believe RIMM is going to much higher though, you can make better money elsewhere. I would suggest that whatever stocks you buy don't hold them longer than 1 year, take profits. I cant give you any stocks because with you being a new investor, maybe someone else will but i think you should read up on the stock market before you do anything and put real money at risk... well now i feel bad so i will tell you to buy some GE in the $11.00 to $13.00 dollar range if it gets there if not then don't buy... Good luck MB
Check out Scottrade for your stocks and you are on the NASDAQ site this is a great place to start...
3963 points
MNSL answered one month ago …
If you are new, do not trade now.
Invest for the long run. It is better to learn thoroughly before put your money in this market.
Only sophisticated, experienced players will have advantage over others.
There are one or two books available in the USA and other countries they will teach you how to trade, invest in different types of market, how to escape from other sophisticated players and how to indentify hidden gems etc.
I suggest you to find out some good books. Most books will give you different directions. You have to build up your own investment style one day if you want to survive.
If you really want to invest now look for companies that going to make profit and growth during next 18 month and next five years.
Invest in massively undervalued stocks with great potential such as continuous demand for their product and services at least for the next five years, if you are a long-term investor. Invest in companies with future income and future earning ratios not with past earning history and ratios.
Invest in hidden gems irrespective of sector. Invest in valuable stocks not recommended buy market analysts before they recognize them. They are busy with doing research on current hot stocks.
Factors to consider:
Global economic growth
Rise in employment and unemployment
Direction of the financial system
Direction of assets market and their volatility during next 10 years
Direction of currency market and their volatility during next 10 years
Direction of commodity market and their volatility during next 10 years
Ability to identify correct sector at the correct time before Mr Market recognize them
Remember today’s hot sectors will become laggards tomorrow and some will become bankrupt in the future. Sector hunting is very important during next five years.
For example, some sectors will have growth until middle of next year and thereafter their growth will slow down.
Some sectors will have biggest growth during next 18 months in this decade. Stocks in these sectors should buy aggressively now.
Some sectors will have demand for their products irrespective of economic situation.
If you need more information Pl feel free to contact:
msglobalmarket5@gmail.com
