1. Your Questions About Make Money In The Stock Market
With No Money
Susan asks…
What is there safe to invest in now(within money market, bonds,
stocks)? I just have lost @ 7% and am uneasy.
I am 60. I have a stock fund leaning, and I want to make up for some lost time, but seeing
money disappear like the 7% is awful. Have moderate pension promised, have deferred
compensation fund plan with bad choices, have IRAs over the years. No financial advisor, don't
own individual stocks, no home, no long term health insurance except with job which I plan to
leave in six years. I ran all this through Morningstar portfolio snapshot and it is aggressive, but
said to be balanced. Today I chose a total bond market index to balance off things in the IRA
department. I am maxing out in the catch up provision at work, but there is no company match,
and I read in Jim Cramer's writing to let up on that and go for investments to grow wealth rather
than try to get a tax break within the limits of the plan fund choices. Puzzled and need to invest
in IRA for 2008, but don't know what is reasonable.
Steve Winston answers:
NewJersey gave you some good advice but brief. First off a 7% drop is unsettling but not too
bad actually. You probably should not be investing all that aggresively at your age.
Almost every equity fund is down at least 12% ytd, so 7% is not bad at all. In fact pretty good.
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2. Even the bond funds are down. Goes to show you. About the only funds that are up are the
commodity funds. Some of them are up a lot like 28% ytd.
Now I might be all wrong, but I think right now is not too bad a time to be investing in stocks.
They sure are a lot cheaper than they were in October. Some are going for 1/2 price.
If you want to drop me an email we can talk about it. I am older than you by a few years.
Lisa asks…
Are you one of those who believes that the stock market is rigged
or that you have to be rich to make money?
I have to admit I was one of those but after spending some time there and even using my own
money there. I have to admit it is no more rigged than the internet. You see like the internet
you got your good and bad guys. You just gotta know what you are doing and you sure as hell
better do your home work before you get in there. You also got to practice with a virtual
account or yes you will get burned. I admit that yes I lost money but its only because I got in
when the market was on the way down. I didn't loose that much cause I was diversified and
yes I am still there and I do believe I will recover and then some.
Like I said it reminds me of the internet and a casino lol. So I don't think its rigged any more
than the internet is rigged. Think of hedge fund managers as hackers then you'll get my drift.
This is a great article and its so damn true.
http://www.sfgate.com/cgi-bin/article.cgi?f=/g/a/2011/06/30/investopedia53570.DTL
I am using the same strategy as in the article for individual investors. I buy stocks in companies
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3. that I do a hell of a lot of research on. Then I invest and wait and wait till I believe the market
has found the right price then I set a trailing stop. So I can keep making money and still get out.
@Libertarian Mammoth- You can't go by unrealized gain. You gotta look at it from realized gain.
Did you know that you can take advantage of situations. In other words you can pretty much tell
when a hedge fund manager is about to sell short and buy the same stock?
@Romeo- Yes that is true but remember that is the Politicians not the market that is doing that.
The market is nothing more than a tool for crooks like Obama and Bush to steal from people
like you and me. The problem is that stupid people keep voting for them when they know they
have better leaders out there.
To me the stock market is one of the best places to make money in the free market. But just
like the internet you cannot be a rookie when you go in there use a virtual account. You can get
one at cboe.
Steve Winston answers:
The real return (inflation adjusted) on stocks has been 6% over the last 130 years, so it is not
very risky for people who invest for the long term. Http://visualizingeconomics.com/2011/01/11/e
ffect-of-dividends-reinvested-on-us-stock-returns-since-1871/
Just looking and the price of the index is deceptive because dividends account for more than
half of your return, This means you will double the purchasing power of your money on average
evey 12 years and if you include your gain from inflation it will be even more, and all you have to
do is buy an S&P index fund. You can reduce you risk even more if you keep part of you
savings in bonds.
Edit: the games bank and hedge funds play moving prices up and down, does not effect people
who do not play the other half of the game by buying and selling as the market moves.
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4. Laura asks…
Can I make money day trading right now?
I need money now...I have bills to pay and have no way of surviving. Can I make at least $100
a day in the stock market? I would scrap together $500 and once I make any profit I would pull
it out against the $500. They always say don't play with the stock market with money you
can't afford to lose, but I am literally desparate. I have missed 2 mortgage payments, we have
lost our health insurance, and I have applied for a job anywhere and everywhere I can. I watch
the CNBC channel and see certain stocks go up and down on a daily basis. I am happy to
make a simple $100 a day to start, that would at least enable me to feed my family.
Thanks everyone for the response. I will abandon this idea....
Steve Winston answers:
Yes people make money day trading BUT
there's no way you could be successful in day trading at the present time.
If your only exposure to the market and day trading has been watch CNN, you are not prepared
to trade any security let alone day trade.
You don't have sufficient capital to trade any security, if you hav e to "scrap" together $500 you
can not afford to invest let alone trade.
No one can trade by being "desperate" since emotions can never enter into trading.
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5. For you to attempt to trade under your present financial circumstances and emotional outlook,
you would be extremely foolish
Daniel asks…
I need $30,000 so I can trading stocks but I currently cant figure
out a way get a hold of that much money?
Ever since I was in middle school Ive known that I wanted to make my living trading stocks. I'm
getting tired of paper trading, Ive developed a strategy that is a winner but I need day trading
privileges to put it into execution. Ive always viewed the money markets (stock market, forex)
as the best wealth generators available. But I wasn't born into alot of money and have no rich
friends or family, so its extremely difficult for me to come across the $30,000 I need to start
trading stocks with day trading privileges.
So what I need help with is ways to raise the capital. I made some mistakes earlier in life so I
don't have a good credit rating and Im not a home owner. The most frustrating part of it all is
knowing that I have the ability to do something great but I lack the resources. so please pour in
the suggestions. Email me if you have any further questions bjulyjayjr@yahoo.com thanks in
advance
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6. Steve Winston answers:
Rob a bank. They robbed us all anyway. Mine as well get some retribution.
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