Your Questions About Stocks
Donald asks…
How do I buy stocks and what is the best way?
Hi, im a college student studying business and i became really interested in stocks. Some people live off stocks and I am wondering how i can do that too. How do I buy stocks? I have 10,000 saved up, should i take a risk and invest 2,000 dollars in 5 stocks? Do I have to go to an agency or the new york stock exchange to purchase stocks, or can i do it online?
mikey answers:
I hope you have been studying stocks for years because that $2000 can go bye bye in a matter of days if you don’t know about things like “sell stop” or invest in the wrong thing.
Stick to really big names .. Apple, Cable, Gold …anything you know about.
Donna asks…
What stocks are good to invest in at this time?
My college accounting class is in this stock competition right now. I dont know anything about stocks and I know that I am supposed to invest in at least 5 different ones. Which stocks are stable and which ones are good to invest in at this time? Please help me out.
mikey answers:
Melco Crown Entertainment (MPEL) , have held since it broke through its 30 week MA many moons ago…
Paul asks…
What stocks should I buy up now that we’re still in a reccession and the stock market is still down in places?
I want to know if there are any possible stocks that I could buy now, now that some blue-chip stocks are still cheap such as really hammered ones that were hit bad in the global reccession like Freedie Mac, Fannie Mae, Citigroup, some other banking and insurance companies, just anything that looks poised for enormous % returns as we recover from the reccession? Please help/advise. Thanks.
mikey answers:
I would shoot for clean energy (GREEN) companies if I were you. The Obama Administration will be moving their agenda to alternative energy jobs within the year – in fact, it’s beginning already with the American Recovery and Reinvestment Act!
Corporations who are devoted to clean energy is where to put your money.
Sandy asks…
What are good stocks to buy in the short term?
What are good stocks to buy in the short term?
My econ class is playing a stock game but using the real stock markets. I have $100,000 to spend. I am hoping to find some stocks that are going up in the short term because school ends in two months.
Any good suggestions?
mikey answers:
If you do not stand to lose real money, high risk options and ACTC.PK.
If it is real money, DOW +ATI
Charles asks…
What are a few stocks that are old and have beaten the stock market?
AT&T is decades old but it’s history seems to be to do worse than the stock market.
I am interested in knowing one or more stocks that have traditionally beaten the market, especially if they are dividend stocks.
mikey answers:
IBM, ExxonMobil, Johnson & Johnson and Walmart all come to mind, but even those stocks have had periods where they underperformed the market. Past performance is not necessarily a predictor of future stock performance. You mentioned just one company ATT that is no longer the leader that it once was, but there are several former great companies whose stocks no longer perform as well as the market as a whole.
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