Just starting investing three days ago. 70 years young. Ret nest egg
eaten by a drug-addicted son. Spent the $600 for Money Map. Was gonna ask for a refund, but even teasers can be leads. I have a current ”trader” portfolio with four stock choices…totaling about $3K initial capital. I use Gum Shoe (irregular member), Motley Fool and Google to size up my choices. I read everything I can find before pulling the trigger. All four of my buys are in the red, but it’s only been two days. I gain much insight from comments here. Not a long term type of guy. Actually, I’m just trying to keep my mind active.. Invensense (INVN) is my next consideration. Still reading. Any comments? Thanx for your time.
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You might find the following helpful:
Consider building your portfolio only from income producing well diversified closed end mutual funds and REITs whose income is derived roughly equally from the following 3 categories: stock dividend income; bond and preferred stock income; and real estate property rental income.
Examples (ticker symbols):
(1) stock dividend income closed end funds: GPM; GAB; IRR; AOD.
(2) bond and preferred stock income: DHY; DHF; NCZ; PHK.
(3) real estate property rental income: APTS; LXP.
XODE: Thanx for your suggestions. Sound advice, but although I’m not a “day trader,” I ‘m not in it for the long haul. Just trying to hit a few rocket stocks to leave the Missus
a few bucks and as I said, keep my gray matter active.