Q. I am new to investing and I just deposited $500 with a brooker. Which stocks are now in the market that I should start buying and learn how to make profits ? Thanks.

A. Well, $500 is not really a lot to make big profits. However, it's also not a lot to suffer huge losses, which is important in your case :)

I made my first trade with $500. I bought SNFX (ticker doesn't exist anymore) and within a week it plummeted 50% up. Then at the start of the next week it lost 25% within just minutes, but I was on time cashing it, so I got to keep the other 25%. Now, many years later, I am an investment banking professional, and wouldn't ever enter the trade, that accidentally turned out great for me.

 

 

You should definitely read great investing resources, such as www.thestreet.com and www.fool.com. You should also study how to construct your own portfolio, which suits your own needs, rather than just pick a single stock and try to ride it. Try our FREE FINANCIAL ANALYZER for that purpose. It's FREE and doesn't ask any personal ID information, but you do have to register first. It will figure your investment profile, and suggest you an allocation.

 

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