GabonpharmD said:
yes please tell us more....i am a businesswoman to be..seems a good field..how do you become a private investor? is there a degree that you need..a software?
( my husband is asking: are you a daytrader/ short term trader/ are you in the stock market/ what type of investment do you do.....did you got trained somewhere ( where?) or teach yourself?..
I am serious... my husband and i have idea of businesses not related at all to pharmacy and plan on using my salary and good standing with banks....to get the business really started...for now it is just a project...n 👍 o money, no green card, no loan..but one day..it will all come....and we'll start....we won't rest until we become millionaire!!!!
many questions..feel free to PM me...
Youre in the right place, the US, land of opportunity
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Here are a few things to play with and you can either ask me more here or simply PM me for any advice...
As far as the market goes, its very simple, are you able to beat an index? if you cant beat an index, then you have no business doing your own investing. One problem with day trading or any trading for that matter is that there are people who do this for a living, and its going to be hard for you to beat those people. Dont buy any softwares, and dont go to any eductional symposiums, its a waste of time. I started trading at 18 and I still learn something new everyday. If youre going to take anything from what I say, its this, dont do penny stock and ALWAYS do your research. Learn to read quarterly reports and read everything you can about everything. I myself read approximately 4 hours a day, its a past time for me to do stocks, My livelihood doesnt depends on it. Besides that, remember that stocks are short term gains (if hold the stock for less than a year) and so it has a high tax bracket.
Oh and one more thing... listening to crap like bloomberg or msn money is a waste of time and never act on those advice the so called 'experts' give you, its a gimmick to run stocks up so others can sell, its pathetic, but then again, its capitalism
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Everytime you buy a stock thinking that its a good buy, remember that someone is selling it (so you can buy) and so someone is thinking that its a good point to exit, so the question is who is right?
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As far as investors go, I learned all I know from my dad, hes an entrepeneur. Basically you need money to money. You can do this several ways.
With significant capital you can fund peoples' projects and in turn take a portion of profits plus an ownership stake with a clause for them to buy you out when they have enough cash handy. Its very easy to make money on winning ideas with other peoples efforts. banks dont fund or loan people whose ideas they dont understand and thats how you come in. Only drawback is that you need to have cash and be willing to risk it.
Its sweet when it works and hurts when it fails. No one can ever give you a 100% return rate of anything thats very sure, afterall, the younger you are the riskier your strategies should be. The more you can lose and recover.
Ive risked everything and Ive gained a lot.
One thing is for sure though, once you get over the fear of going out on your own, the rewards are amazing. Like my dad use to say, you can never get rich off of paychecks.
