Your Questions About Great Money Making Stocks

Jenny asks…

Where are some great places to get FREE stock photos?

I’m looking for some great sites where I can get FREE, royalty free stock images.

Ideally free, or at least cheap. Some of the sites charge so much for one picture. And given I am not making money out of it, I don’t want to spend too much.

I want to use the images as backgrounds for motivational messages to be shared for all on my blog. So for personal/creative use.

I’m mainly looking for images of people exercising, working out and playing sports. But some good nature ones would be a nice bonus.

Thanks.

John answers:

SXC.hu

For every picture of everything.

Nancy asks…

I have a great stock deal from Obama want to hear it?

You work and pay 20% income tax, with some of your money you buy stocks.
Some stocks lose money and some make money.

Lets say you invest $1000

1/2 your stocks lose value, now worth $450
1/2 your stocks are winners and you make a little $550

Obama says I need to tax the winners at 30% because of the Buffet rule,

So now your winners are worth $535.

Now you are worth $985.

So on money that has already been taxed, the government is going to take 30% of any gains while not compensating you for the losers.

Anyone want to invest?

Didn’t think so, neither will anyone else.
Yes I do and I won’t invest anymore if it goes higher, retirees will suffer and hopefully he won’t get 1 vote from retired people, 401Ks will be taxed, any investment account.

This is an economy killer, and pure class warefare.

John answers:

Nope… And get a new accountant!

You have no capital gains in that scenario.

Mandy asks…

How do I become a great Stock Trader?

I just turned 16 years old yesterday, I am going to start saving money to start investing in stocks. My goal is to reach 500 dollars to make a scottrade account. I want to start making money on it as soon as I make my account. Any tips on how to not loose money in any way. Please Try to explain it to me as if I would loose a dollar I would die. I appreciate it thanks.
* I was metaphorically speaking when I said “As if I would loose a dollar I would die” I am ready for the challenges, I just meant for you guys to give me good advice.

John answers:

I started investing at the age of 11, so I undertand how you feel but I also know what you have to go through and it is not easy and it will take work on your part. First of all, you do know that you can not open an account with a brokerage firm until you are 18 years old. A parent can open a custodian for you using your social security numnber and when you turn 18, the assets in the account can be moved to an account in your name. The parent will have to enter all your trades since a minor can not enter transactions and the parent can not give their permission either to the minor or another adult.

Before you spend $0.01 on any investment, you must know what you’re doing, why you’re doing it and how to do it. Before you invest in any security, the first investment you should make is in yourself, and the best investment you can make is by educating yourself.

Start your education by learning why you should invest and the importance of being able to make your own decisions or how the pro’s make theirs.
Here is some reading material that can get you started in the right direction,
Beating the Street by Peter Lynch
Bulls Make Money, Bears Make Money, Pigs Get Slaughtered, by Gallea
From Riches to Rags, by I.C. Freeley
Millionaire Traders, Lein & Schlosberg
How to Make Money in Stocks” by William O’Neil
24 Essential Lessons for Investment Success by William O’Neil
The Intelligent Investor, by Benjamin Graham
Common Stocks, Uncommon Profits, by Philip A. Fisher
One Up on Wall Street by Peter Lynch
Stocks for the Long Run, by Jeremy Siegel
The Interpretation of Financial Statements by Benjamin Graham
The Lazy Person’s Guide to Investing by Paul B. Farrell
The Warren Buffett Way by Robert Hagstrom
Trading for a Living, by Alexander Elder
Uncover the Secret Hiding Places of Stock Market Profits by Joel Greenblatt.
What Works on Wall Street by James O’Shaunessey
You Can Be a Stock Market Genius by Joel Greenblatt
Your Money and Your Brain by Jason Zweig

Get into the habit of making daily visits to some websites like MSN Money and Yahoo Finance. (http://moneycentral.msn.com/home.asp , http://finance.yahoo.com/

Other website that can provide instructions and help with procedures and terminology are Investopedia – http://www.investopedia.com/ http://www.investorshub.com/
Visit some of the more professional websites like Zacks Research – http://www.zacks.com/ Smart Money – http://www.smartmoney.com/ Schaeffer’s http://www.schaeffersresearch.com/ Some of these web sites will have advertisers who are worth looking into also. And remember, if they offer free information, get it. Or you can meet others who are trading at http://www.moneyshow.com/main.asp

Attend all the free seminars you can, just be careful and don’t get pressured into anything you really don’t want or need. Most schools offer courses in finance and economics, but very few will have courses on the mechanics of the investment markets, if they do try taking the course. You may want to consider on-line courses, the New York Institute of Finance use to have such courses. Try to get some fee information from the stocks exchanges they all have (had) free booklets, SIAC and some of the regulators (FINRA SEC MSRB CBOE) may provide some free literature.

And when you think you want to invest/trade, try some paper trading to test your skills without spending you money http://simulatorinvestopedia.com/ and/or http://www.tradingsimulation.com/

You at least have made the right decision to start investing, this is the first big step and it won’t be your last. Keep taking those steps forward and along the way never take the advice from people that are not in the market or try to tell you not to invest.

Good luck on your journey, study hard and you’ll invest well.

Betty asks…

I know nothing about investing but would like to start?

I am 17 and have set asside several hundred dollars to start investing. I don’t know were to put the money is there a web site that I can look at stocks and deposit the money. How do you sell the stocks, were do you find the right ones. Can I do it myself or do I need a broker. I need help I know nothing about it but thought its a great way to make money.

John answers:

Before you spend $0.01 on any investment, you must know what you’re doing, why you’re doing it and how to do it. Before you invest in any security, the first investment you should make is in yourself, and the best investment you can make is by educating yourself.

Start your education by learning why you should invest and the importance of being able to make your own decisions or how the pro’s make theirs.
Here is some reading material that can get you started in the right direction,
Beating the Street by Peter Lynch
Bulls Make Money, Bears Make Money, Pigs Get Slaughtered, by Gallea
From Riches to Rags, by I.C. Freeley
Millionaire Traders, Lein & Schlosberg
How to Make Money in Stocks” by William O’Neil
24 Essential Lessons for Investment Success by William O’Neil
The Intelligent Investor, by Benjamin Graham
Common Stocks, Uncommon Profits, by Philip A. Fisher
One Up on Wall Street by Peter Lynch
Stocks for the Long Run, by Jeremy Siegel
The Interpretation of Financial Statements by Benjamin Graham
The Lazy Person’s Guide to Investing by Paul B. Farrell
The Warren Buffett Way by Robert Hagstrom
Trading for a Living, by Alexander Elder
Uncover the Secret Hiding Places of Stock Market Profits by Joel Greenblatt.
What Works on Wall Street by James O’Shaunessey
You Can Be a Stock Market Genius by Joel Greenblatt
Your Money and Your Brain by Jason Zweig

Get into the habit of making daily visits to some websites like MSN Money and Yahoo Finance. (http://moneycentral.msn.com/home.asp , http://finance.yahoo.com/

Other website that can provide instructions and help with procedures and terminology are Investopedia – http://www.investopedia.com/ http://www.investorshub.com/
Visit some of the more professional websites like Zacks Research – http://www.zacks.com/ Smart Money – http://www.smartmoney.com/ Schaeffer’s http://www.schaeffersresearch.com/ Some of these web sites will have advertisers who are worth looking into also. And remember, if they offer free information, get it. Or you can meet others who are trading at http://www.moneyshow.com/main.asp

Attend all the free seminars you can, just be careful and don’t get pressured into anything you really don’t want or need. Most schools offer courses in finance and economics, but very few will have courses on the mechanics of the investment markets, if they do try taking the course. You may want to consider on-line courses, the New York Institute of Finance use to have such courses. Try to get some fee information from the stocks exchanges they all have (had) free booklets, SIAC and some of the regulators (FINRA SEC MSRB CBOE) may provide some free literature.

And when you think you want to invest/trade, try some paper trading to test your skills without spending you money http://simulatorinvestopedia.com/ and/or http://www.tradingsimulation.com/

You at least have made the right decision to start investing, this is the first big step and it won’t be your last. Keep taking those steps forward and along the way never take the advice from people that are not in the market or try to tell you not to invest.

Good luck on your journey, study hard and you’ll invest well.

William asks…

Do you think that Romney and Bain Capital’s stategy of borrowing money on companies to increase stock dividend?

To increase stock dividends is a good business model?

Actually its a good move as long as you don’t plan to stick around and pay it back.
And its simple.
Get control of a company, borrow money against it, pay yourself the borrowed money through dividends then leave town.

I think Mitt Romney will be a great President.
Just make sure someone checks the silverware and towels when he checks out.

John answers:

You honestly don’t understand business any better than Obama does, do you?

Does ANYONE remember that ALL of these companies were on the VERGE of bankruptcy? And that ALL of them Called Bain in to help.

Even your Boy William Jefferson “BJ” Clinton (D) Arkansas understands that private equity firms do a good thing. Do you really blame them for trying to protect their investment?

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