What are good investments for new investors? (Please help)?
When I turn aged 18, I want to become an investor and try to build a career out of it. I had thought about Options Trading and Forex until I found out that they are only meant for really skilled and experienced investors, and really not for newbies.
I don't want to invest for the long term but more rather the short term. Would something like penny shares be a better option for a new investor? Please help.
Public Comments
1. Every investment in today's market is risky this market is more volatile than ever before.
2. How about ETFs (exchange traded funds)?
3. penny stocks would be a bad idea. Only trade penny stocks if you know the company - VERY well. You should start out with blue chip stocks, and/or very stable and reliable stocks. Try checking out this site, which gives very good stock recommendations could probably will give you a good start to investing:
http://alpha-investing.com/
4. oil and commodities
5. You are not 18 yet so you have time to learn about stock option trading.I learned and i would call myself a novice at it.I have lost money but i streamed lined my trading style and only follow stocks which trade a lot of shares but are not big dollars stocks or small dollar stocks.$40 to $200 are ok.Stocks like potash,apple,and goldman sachs work good.Use a direct broker and open a roth ira and a regular account.The roth is your tax free money for retirement and the regular will be your living off money and will be taxed at the end of the year but is better than working for a living.I turned 26,000 into 54,000 in 2 weeks.Just learn and paper trade and when it is time trade with your money.I wish i knew about it when i was young i'm 45.
6. Options Trading can provide you with a comfortable living without the stress of worrying about loosing your money. You just have to learn from the best traders out there and get the best options trading course around. Options University is giving away their Master Options Trading series for free, just put your name on the list .
7. I have a proven system that will produce short term profits. I don't look for P/E ratios or anything like that. I am a technical trader. I use indicators that move with the price of the stock. Buy and Hold are of the past. Buying the actual stock produces far less results than if you traded the stock option. If you're looking for a winning recommendations that produces 90% accuracy on the stock market using Options, contact me for some recommendations.
Email me at openrangetraders@gmail.com to stop them losing trades.