written by reader First time investing in stocks

By yoshibb, May 3, 2017

Hi all!
I’m a complete newbie to the stock market, but I wanted to give it a shot this year. I have around $900 I’d like to invest into the market, but I’m not sure what my best options are. The reason why I’m coming here is because last year in early 2016, I got an email from Money Morning telling me about this big tech stock that was about to burst. Of course, what it was was hidden by a paywall. I usually don’t look at these things, but what they were claiming really interested me. I looked around and found out about it at this site, where they deduced that they were talking about none other than the Nvidia stock. However, asking around to a number of people, I was told that it was overhyped and not to waste my money. Well, it blew well passed expectations and I’m kicking myself that I didn’t invest. While I’m not expecting to find out the next big thing this year, I’d like to still invest wisely, so I remembered this site and thought this would be the best place for advice. So, I know it’s not exactly breaking the bank (I gotta start somewhere!), but if you had $900 to invest in anything what would you do with it?

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Phil Becker
Member
Phil Becker
May 6, 2017 2:29 pm

When I graduated from college, I had accumulated $700 that I wanted to invest somewhere. I had a pretty good idea and went to a broker (because there were no online accounts at the time) to find out what they thought. They poo-pooed my idea and put me into a local stock (in which they had an interest…we should all be thankful for the new Fiduciary Rule). I then went on to become a bond guy on Wall Street and watched my idea go from 12 to 36. Their pick and my money went from 16 to 6. Now I trust my own judgement after finding out as much as I can about a product. I have an online investment service that comes up with possibilities. Neither they nor I are always right. The best advice is to set a % loss limit and stick with it in order to rise and try again.
I’ve had two online brokers…optionsXpress and interactive brokers. Interactive is far better as they don’t require nickel differences when you set a price to buy or sell. I assume the other guys sneak a few pennies out of me when I can’t set a penny price.
I’d have to guess that your best bet for that $900 would be to put it into Tencent and forget about it for about 7 years. When you get more $ and have had a chance to check out some ideas of your own, then venture out. But check out Tencent and check out Naspers…they own 35% of Tencent. Look at both of their charts, etc., etc.

Good Luck

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Bobby
Member
Bobby
May 6, 2017 10:26 pm

Read Dividends Don’t Lie and Dividends Still don”t lie . then read .Standard and Poor”s The Dividend Rich investor . (3 of the best investment u could ever make)
Find the books on E-Bay or amazon . I found these books 30 years to late but i still invest at 70 years old. never found the 10, thousand percent stock .

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niizajim
Irregular
May 7, 2017 1:53 am

I will just give you some ideas to investigate further.

CTEQF – Search there threads for information on it:

https://www.stockgumshoe.com/2017/02/microblog-scandium-cobalt-and-water-purification-cleanteq-holdings/

Another one in the mining sector is IVPAF. Search for stock information in this thread among others: https://www.stockgumshoe.com/2017/01/microblog-gold-and-silver-and-hard-assets-after-trumps-inauguration-2017/#comments

In the biotech area, APTO has real promise. You can read about it here by doing a search for $APTO in this thread:

https://www.stockgumshoe.com/2017/04/long-idea-of-the-year/#comment-4932809

You can search for information on BLPH there too. Just be aware of the special risks that come with biotech. Nothing is a sure thing.

Good luck!

ps I’m not recommending you buy anything, just recommending some stocks for you to investigate on your own.

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