Your Questions About How To Pick Stocks

Donald asks…

What’s a career other than stockbroker where you pick stocks?

I like to work with stock information, but…

…I don’t want to become a stockbroker because it’s just a glorified sales position and I don’t want to seek out sales or deal with an unstable income.

…I don’t want to get an MBA.

Are there any investments careers for me?

John answers:

Financial analyst, generally you will need a bachelors degree though.

Maria asks…

What’s a career other than stockbroker where you pick stocks?

I like to work with stock information, but…

…I don’t want to become a stockbroker because it’s just a glorified sales position and I don’t want to seek out sales or deal with an unstable income.

…I don’t want to get an MBA.

Are there any investments careers for me?

John answers:

Not unless you have a lot of money to become an entrepreneur.

Joseph asks…

How do yo pick stocks?

OK, Im having a lot of trouble picking stocks. So far I have tried msn stock scouter and picked their top ten best stocks list. I also tried smartrends best stock picks. Is there something I’m missing? Does someone have a system or a website that everyone else knows?

John answers:

Hey my name is David Rodriguez, and I am willing to help you on your future goals. As a full time student my top hobbies that I like most doing are learning, researching and analyzing stocks. (STOCKS), a word that when we all hear it, we think of “the marketplace, the Nasdaq, making money out of stocks.” The way I see stocks and think of, it’s different from others point of view. I see stocks as a present I buy myself and save it in a treasure box. This means you buy a stock, and always thinking positive, hoping the value might go up and sell it for a higher price, than what you bought it for. What I like to do is stay with the stock for a couple of month hoping the value might go up and then sell it to make some profit. At first what I do is find what stocks are good to buy, and when is the time to buy them. I have a blog that I created and I am showing my audience all my techniques on how to become a successful stock buyer, from scratch to an expert and how can you make money from it. I hope you interested in my help. Please Visit my Blog at www.stocksforbeginners.net

Betty asks…

Is there a web site that you can practice playing the stock market?

I have never invested and really have no idea what I am doing but would like to pick a few stocks and watch what they do before I get involved for real. Any suggestions?

John answers:

The Chicago Board of Options Exchange has a virtual trading site.. Try searching for CBOE and Virtual Trading.

Nancy asks…

What are good stocks to follow?

In my honors algebra 2 class at my high school, we have to pick 3 stocks to follow for the year. What would be some good ones to follow?

John answers:

If you’re a rookie in investing or stocks, go to

www.finance.yahoo.com.

Open up a portfolio without using real money. You can give yourself as much or as little money to try out the market. 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.

Then once you’re comfortable and test the waters of the market, you can finally put some real money in. Go to Scottrade.com. They’re excellent for beginners.

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.

Day trading involves A LOT of commissions 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.

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