Genovese1
- 03 Aug 2004 19:22
Hi All,
Have been thinking about investing in stocks / shares, and am about to take the plunge. I have some money to invest, I suppose like most people I want a quick big return for my invesments, and the reality wil not be so, this I am prepared for as I know the investments have to be for the medium to long term.
My question is, should I be looking to thinly spread investments into say 8 - 10 companies, or to invest in 2 or 3 companies. Like I mentioned before, I know there is no magic formula, but a few pointers in the right direction would be greatly appreciated.
I am looking to invest for the future, I have a full time job, which is nothing to do with finance / investments, so this is an exciting project I am looking forward to.
Thanks in advance for any help given.
Simon - UK
Big Al
- 06 Aug 2004 10:23
- 23 of 25
Jumpin. ;-))
Genovese1 - keep a good spread of investments, i.e. a selection from the largest caps to the smaller ones. Don't be tempted by the BB's to jump into all the tiddlers - surefire way to get into trouble and you'll sleep easy.
Snip
- 06 Aug 2004 10:40
- 24 of 25
Genovese, penny stocks can be very problematic to sell if you need to get out in a hurry and it is possible to lose most of your investment in minutes
I agree with large caps and small spreads and look to get into a stock in a rising trend. They all have retracements so look out for that and watch for strongly positive volume on a re-test of a support level
think `mountain goat` and be happy to plod upwards
Maria otherwise snip (member of big al fan club)
ps the book by Elder is a wonderful read and a `must have`
Big Al
- 06 Aug 2004 11:56
- 25 of 25
Buy the pullbacks indeed! This a lovely example over a long time period. Best level is behind so no advice given!!
Cheers,
Al
(fan of all the wimmin!)