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Im just getting into the stock market, What is some good cheap stock to start with,to get a feel of the game? |
I've never bought stock before, and i would just like to get a feel for the practice. Is there a good cheap stock i can play around with. or any good stock investment anyone might know of? anything will help. You can get a feel for the "game" and not own a share of any stock. Select some stocks you think might be a good buy and set up a portfolio on a spreadsheet. Follow the stocks over a period of time and see how you did. Have a reason why you picked each stock and see if it turns out to be correct. Penny stocks are good to start with. Or go to www.fool.com for best advice. love those guys! Get a mutual fund and let the money sit in there for a long time. Usually you will get an average return of about 10% per year. Over 20+ years, compound interest has kicked in and you are bankin'! i don't know know about cheap,but invest in video games.you can't go wrong with a stock like games.games r FOREVER! you can try NXXI. Its a good stock. But only thing is you have see when to buy and sell. Get a no-load index fund, or buy SPDR (the S&P500) or VTI (the Wilshire 5000). Get a feel for the market before plunging into individual companies. The stock market can be a scary place for people who are not used to it, and what you do out of emotion can make you lose money. A "cheap" stock is the way to lose quickly. Open a brokerage account and buy some shares of a company you like. Better yet buy 500 companies with an S&P500 ETF (one would be SPY). You could buy one share for $132 (+ $7 to $15 in commisions). |
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