What's the best way to go about investing in the stock Market?
Asked by
Jay170590 (
335)
February 21st, 2010
from iPhone
I was thinking about buying and selling shares as a way of earning a 2nd income. What is the best way to do it and is it possible to do it as well as having a full time job?
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6 Answers
Don’t bother trying to play the market by buying individual shares, just put your money in an equity fund (there are lots of types) and let the experts do it.
I think you stand to make more money (perhaps lose more as well) by investing in individual stocks. I don’t know a good way about it, except to dump some money in there as wisely as possible, consider it a total loss, and learn by doing.
Sorry totally misread the question. Yes, I think most people play the market on the side of a full-time job. You have to consider your investments as long-term investments to do this as you cannot monitor all the intricacies of day-to-day market flux while working full-time doing something else. But in the long run, I think people have calculated that you come out ahead and that it is the only surefire way to beat inflation.
Just to add on what @RareDenver said, I would even eschew the experts and invest in no load low cost index funds.
Consider this: The founder of the New York Stock Exchange was imprisoned for embezzling from the widows and orphans fund. Some things never change.
I set up an online trading account. Thanks to the net, I’m able to monitor activity very well. In my spare time, I do my research and gain incredible knowledge.
Only use money that you’ve already earned and do not rely need.
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