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clocker1996
07-26-2002, 05:52 AM
Hi,

Let me just start off by saying. I am a complete newbie to the stock market. i know NOTHING about it. I just want to learn about it.

Really though. I know nothing about the stock market. lol

Is it possible to make say.... $2000 USD within a month?
off the stock market? starting out with $200 ?

Make the $2000 once, and then take your money and be done with it. Is this possible? To just make some fast cash and then quit?

or does my question not make any sense (probably doesn't) :(



Sorry, i'm a newb when it comes to the stock market.

I know this may sound like a dumb question (probably is) -- does anyone here make a lot of money off the stock market? here on wht that is....

also, from what I hear, you can do this all from home??

Sorry, everything is just REALLY blurry right now.. I'm trying to find some links/websites where i can learn about what the stock market is, what its about, or how it works.

But hey, if anyone wants to explain it, or explain how it works, or a easy way of understanding it, please feel free to do so. I would love to hear it.

Thanks

DotComster
07-26-2002, 07:56 AM
http://www.fool.com

A great site for newbe and expert investors alike, lots of fun to.

Fiber
07-26-2002, 08:50 AM
Personally to make $2000 a month on $200 the stocks would have to go very high. To make $2000 a month on $50,000 - not a problem.

richy
07-26-2002, 09:12 AM
the current market is incredibly volatile. in the uk the ftse is down to 3700 ish from a high of 56-5800 ish since sept 11th and a general economic downturn. the threat of unrest (lol read bombing) with iraq etc etc down right corrupt accounting practices from the likes of enron et al , all leads to it being a great time to make long term investments.short term gains, best i ever made was smith klein beacham and glaxo merging when i doubled my money. to turn 200 into 2000 you would need some serious luck and knowledge. as mentioned its easier to make 20k of 50k then turn 200 into 2k. 200 wouldnt buy you much anyway. unit trusts maybe. ive not dealt in small volumes and it does depend on your country, if your in the uk try a halifax acct cos you get 10k credit and 30 days to settle. buy shares you know will rise then sell a few days later and collect the difference. you have to know your business and you have to be prepared to foot any shortcomings, but as a newbie id reccomend either spending it on beer or stick to small online deals, maybe run a paper portfolio for a month to see how you do. just be prepared to loose it all as you are gambling, and when did you see a poor bookkeeper ;)

SiteTutor
07-26-2002, 10:00 AM
be careful.. or you might find that it's a case of

"TakeTheMoneyENRON":D

edude
07-26-2002, 10:15 AM
I had my fun in the stock market - now i wager at sportsbooks..

My tips for tonight on the soccer/football is NK Zagreb @ 1.50

and MTK Budapest at 1.50 to win..

I'll post my baseball picks later :agree:

Skeptical
07-26-2002, 02:00 PM
My advice is to view all forms of advice with a heavy grain of salt. Don't listen to the regurgitated crap on cnn, wallstreet journal, msnbc, radio, or even websites giving out advice.

You know why? Because they all got their pockets lined up in the market. It makes no sense for these greedy bastards to tell you the real truth. Case in point. Nobody in the stock market business will EVER EVER EVER tell you to sell your stocks and go all cash. EVER. Think about that for a moment. Why do you think that is so? The brokers will lose their commissions, volume will decrease, viewership and subscriptions will die, jobs will be lost, tax accountants will lose business, and stock prices will drop. Not good for them at all. They don't give a rat's ass about you. It's all about their million dollar bank accounts.

Another thing related to the above. Listen closely for bullsh*t. Always take a discount off what "analysts" say. If they tell you it's a strong buy, downgrade it yourself to a buy. If they tell you to hold, then you'd better SELL!

Same with street earnings. They will always have an "expected earnings" that's lower than the real "street expected earnings". Again it's double talk by the greedy cowards. Why they do this? Say you are with Wallscrap Journal and you give a scathing analysis of Microsoft. You can almost bet the next time MSFT have some financial announcements or insider information gathering, they will NOT invite Wallscrap Journal. They will do their damndest to keep you out of the loop, and all the other companies will keep you out too, for fear you might pull the same thing on them. And pretty soon you will learn a lesson the hard way... that to keep yourself in the loop you'll have to play nice with the crowd and kiss ass.

This is why these so called analysts usually give out expected future earnings estimates that are much lower than their real expectations... to keep the Microsofts of the world happy. The people in the "know" understand this and keep their real street expectations to themselves.

richy
07-26-2002, 02:43 PM
Originally posted by Skeptical

This is why these so called analysts usually give out expected future earnings estimates that are much lower than their real expectations... to keep the Microsofts of the world happy. The people in the "know" understand this and keep their real street expectations to themselves.

this is incredibly sage advice. aol share tips will not make you richer then bill gates :) well put sir.

IGobyTerry
07-26-2002, 05:14 PM
Don't listen to the regurgitated crap on cnn, wallstreet journal, msnbc, radio, or even websites giving out advice.

Yup that's a very funny thing cause most daytraders (if any exist anymore) know not to listen to CNN or anything and actually do just the opposite. Watch CNN will say this stock is so good, you should buy now, 20 minutes later that stock will have dropped like a rock because almost all will have sold it.

clocker1996
07-26-2002, 09:37 PM
thanks for the replies all
:)