Need some stock tips?
OK, so I have talked about how I want to invest in the stock market and decided that I was going to take a leap of faith and just do it. Now I am here and I am ready to buy but, my big issue now is where do I get my stock tips?
I have heard so many different things like don’t invest in penny stocks. Penny stocks are worth just about what they cost and that isn’t much. But, when I think about it, it is really scary to put so much of my money into one share. So, how do I buy shares and know that I am purchasing the right thing? Well, I think I figured it out. Since I can’t afford to buy stock in things like the DOW or NASDAQ, I mean really who can except for those that have a money tree in their backyard. And for me I haven’t found that magic bean yet! But, after really looking at it all, I figure if I purchase stock that is about $15 to $20 per share then I am going after some of the same stock that the bigger hitters are going for and therefore I might just be able to make some money. And after all that is what I am trying to do in the first place, make money!
Just think about it, it kind of seems to me that buying stock might be similar to the saying… You are what you eat.. Well, when you buy stock and want a good return on it, you are what you buy. If you buy really small or cheap, then your payback will be just that. Small. But, if you invest more and look at selling to buy bigger, then your return on investment is going to be exactly that. Bigger.
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