1. Your Questions About Invest In Stocks
Carol asks…
Which companies are good to invest stocks in?
I'm doing a project for school. We have 50,000 dollars in fake money to invest into companies.
I need someway of checking each day to find out if I gained or earned money in the companies
I invested in. Help?
Steve Winston answers:
....just go to yahoo/finance..... Where you see a box marked " quotes"...you enter the symbol of
the company you bought stock in... If you don't know the symbol...use the " symbol look- up "
function.
If you are looking for companies or stocks ..just for the project...try BEXP ( Brigham Exploration
Co ).... Doing very nicely lately........ Or see if you can invest in ETF's like UYM..( materials )...or
EDC ( emerging markets )......they are ' leveraged" meaning they gain two or three times the
daily percentage that the sector they are invested in..(.good for fake investing !!!)
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2. Maria asks…
What are some good companies to invest stocks in?
I'm doing this thing at school where I have $100,000. what are some good stocks/companies to
consider investing in?
Steve Winston answers:
The stocks you want to focus on is consumer staples, consumer discretionary, and healthcare.
These are DEFENSIVE stocks that will survive through good and bad times. Most of my
positions are in these stocks. Some names include 3M, Procter & Gamble, Kimberly Clark,
Exxon Mobil, Walmart, Costco. Everybody's got to eat and wipe their butts regardless of the
state of economy. Many of these companies survived through the Great Depression.
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3. Ruth asks…
Would be a good idea that i invest stocks in wine companys?
I think investing in wine compnys would be good because when people are depressed they
drink, and when people are happy and want to celebrate they buy wine. So i need your advice if
i should invest in wine companys.
Steve Winston answers:
First, take 6 months in learning about stocks and trying it out with fake money in a stimulation
web site like Yahoo! Finance.
Www.finance.yahoo.com
The stocks you want to focus on is consumer staples, consumer discretionary, and healthcare.
These are DEFENSIVE stocks that will survive through good and bad times. Most of my
positions are in these stocks. Some names include 3M, Procter & Gamble, Kimberly Clark,
Exxon Mobil, Walmart, Costco. Everybody's got to eat and wipe their butts regardless of the
state of economy. Many of these companies survived through the Great Depression.
That's the benefits. You can sleep at night knowing your money is doing well. There are NO
guarantees that you won't lose money. It's just that these stocks are the best. They pay good
dividends too.
If you're new to stocks, DON'T DAY TRADE. You'll a rookie in a world of professionals. I tried
day-trading with Citigroup and AIG when they were a little bit over $1. I had some luck at first,
making about $30 a day but I was way over my head. My luck didn't last long and I had to
rethink my strategy.
Besides you can't do much with $100 in the market. Day trading involves A LOT of commissions
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4. to the broker. With all the commissions deducted from each trade, you'll be lucky if you only lose
half your money.
I would just day trade using Yahoo! Finance. Open a stimulation account, give yourself $100
worth of fake money and play it in the stimulation format. You'll see what I mean by losing
money every easily.
Good luck.
Nancy asks…
How can an F1 student invest stocks here in the US?
I'm an international student (F1 visa) currently working part time on campus. Since my major of
study is business, I am interested in stock investing. Does anybody know what form should I fill
in before I can register an account in online brokerage such as e-trade? Also, if I gain from
trading stocks, should I file a tax return (such as 1040nr)? Thank you
I have already had my SSN
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5. Steve Winston answers:
Since you have your SSN, all you have to do is open an online account and fund it with your
initial deposit in US money. You may probably not be able to complete your online application
and may be asked to mail in a copy of certain proofs of identity (driver's license, F1 visa, etc.).
Comply with their request and you are set to go.
You probably have to complete a tax form 1040NR, because you have US earnings from which
tax withholdings are made in excess of your tax liability and you may get a substantial refund of
those withholdings. You will also have to declare any dividends received and any profits/losses
on your investments.
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