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New Investor     

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

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!!


graph.php?movingAverageString=20%2C50%2C


Cheers,
Al
(fan of all the wimmin!)
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