Hey Guys!
I recently bought a book on investing (Motley Fool's guide to Investing fool.com)
And now starting to invest on the stock market.. and of you guys have any tips or good stocks that I should take a look at?

Chris

Don't buy those cheapo .10 Cent stocks because some nobody stock market analsyst says it's gonna become $100 stock within the next week. Also do the opposite of everything that CNN Market Watch tells you, those guys are a bunch of morons. Oh yeah, just a little warning, taxes are friggin killers. I think you have to pay like 40% of everything you make on Short Term Stocks.

I found all this out because my dad is one of those day traders, and ya know I just kinda pick up these little tips.

some suggestions, my last name isn't Gates, but I have been doing this for a while.

Before you spend any money buying stocks, max out your 401K at work. At a minimum do 15%, as that maxes out your pre-tax, tax relief. You can go up to 25% but that last 10% is after tax money, still worth it though as diversification is key.
Imagine this, you have a stick now if you were to try to break that in half chances are it wouldn't be too tough. Now imagine that same stick and say you took 50 of them and bundled them together. If you were to try and break that bundle it would be much harder. Bottom line individual stocks are great but they should be done ONLY when you have a sound financial foundation established. That way if the investment doesn't pay off you have something to fall back on.

Just to let you know though, I own that book as well, but have never bought a single stock.
I put 25% in my 401K.
$100/month for a Series I bond that is automatically debited.
and 5% directly into a Savings Account that I get an OUTSTANDING 2% or some crap like that.

I have to 'shelter' all this because I am married, and if I don't then Wifey blows any extra........ Hope this helps.

Originally posted by creid
... you guys have any tips...
Buy low, sell high. :D

Originally posted by Mike the newbie

Buy low, sell high. :D

You beat me to it. :(

w/e :D

... you guys have any tips...

Tip # 1 - Keep your money and run
Tip # 2 - Don't drink and drive

Invest your millions of dollars in IDNX (since I own some shares in it :D)

They mention 401k as well in the book.. What exactly is a 401k?

Chris

HEHE Exodus Looks good:D 0.03 cents!Even after Chapter 11, there still on the market?52 week high was 12.50 back in the day!

Chris

Originally posted by creid
They mention 401k as well in the book.. What exactly is a 401k?

Chris

Ummmm if you dont know what a 401k is your in BIG trouble.. A 401k is a retirement plan that your company offers you as a benefit.. I am kind of new to it myself so I dont know all the nitty gritty but it works like this.. You pick out a % of your paycheck you want to put in your 401k each week, your company will in turn match a certain % of what you put it.. Like mine I think matches up to 6% so say 6% of my pay is $40.00 they will match it so I am saving $40.00 per week. You could put like 20% into it every week but they will still only match the first 6%. But anyway it is always best to put as much as you can in there. When it is time to retire you will have ALOT of money if you do it right. You can also take out loans on your 401k if needed down the road..