Quote:
Originally Posted by Mxfrank
Take it from someone with 30 years on Wall St. If you have to ask, and especially if you have to ask on a site like this, the answer to any of your questions is: step back from the edge.
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This is not a forum for stock but I will put in my $0.02 anyway. You read it at your own peril.
1) Any news you read from the web for free is 'OLD' news. All the smart money had been made. You need to subscribe to 'new' news. You may not make any money even with subscribed news.
2) Stock market money is money you can afford to LOSE. So tread carefully.
3) Anyone must have some money in the market, that is a given. CD pays nothing while stock pays about 2%. The government 'forced' you to invest in stock with QE1,2,3 etc. It may change with interest rate going up. So be careful with bond as interest rate and bond yield go in opposite direction.
4) Mutual fund is best and worry free. It is unlikely go to 0 as you are investing a basket of stock. The risk is lower than individual stock.
5) You invest for the long term, what you hear now, day to day/month to month, is just noise.
Many happy returns.