Jumping into the party! advice please.

newguy · 1 Jumping into the party! advice please. Mon Aug 04, 2014 2:26 am

newguy

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I'm a new member to your wonderful forum obviously with an interest of becoming an investor in the future. So I've been reading up many articles around here contributed by you gentlemen and all around the web and I do realise there is so much indepth content to learn gradually during my time.

Although I'm still 19 years of age I've been thinking about investing in stocks for long term right away without waiting. Just in extremely insignificant amounts of money here and there until I get a hang of things.(10k-15k is what I have in mind since I can afford to lose it without any issue). I took your advice of not to get into trading so I'm just interested in building up a tiny little portfolio for long term early on xD I'd be extremely grateful if you could share your thoughts and suggestions on this. Where should I start? Smile

Thanks in advance.

stevenapple · 2 Re: Jumping into the party! advice please. Mon Aug 04, 2014 3:13 pm

stevenapple

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Welcome newguy.
Nothing like be in the Market and learn through experience.
Read about investing
Go through the financial reports before entering
Learn from others mistake
Have patience

All the best

newguy · 3 Re: Jumping into the party! advice please. Mon Aug 04, 2014 8:30 pm

newguy

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Thank you, sire! I'll keep it in mind always Very Happy

Market Sucker · 4 Re: Jumping into the party! advice please. Mon Aug 04, 2014 8:34 pm

Market Sucker

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Jump now or never, specially Finance companies

shadow walker · 5 Re: Jumping into the party! advice please. Mon Aug 04, 2014 9:27 pm

shadow walker

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finance and banks

PROPRITER · 6 Re: Jumping into the party! advice please. Mon Aug 04, 2014 11:30 pm

PROPRITER

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newguy wrote:I'm a new member to your wonderful forum obviously with an interest of becoming an investor in the future. So I've been reading up many articles around here contributed by you gentlemen and all around the web and I do realise there is so much indepth content to learn gradually during my time.

Although I'm still 19 years of age I've been thinking about investing in stocks for long term right away without waiting. Just in extremely insignificant amounts of money here and there until I get a hang of things.(10k-15k is what I have in mind since I can afford to lose it without any issue). I took your advice of not to get into trading so I'm just interested in building up a tiny little portfolio for long term early on xD I'd be extremely grateful if you could share your thoughts and suggestions on this. Where should I start? Thanks in advance.

“I buy on the assumption that they will close the market the next day and open in five years. Only buy something that you’d be perfectly happy to hold if the market shut down for 10 years.”
Warren Buffett

“Education is when you read the fine print; experience is what you get when you don’t.”
Pete Seeger

SHARK aka TAH · 7 Re: Jumping into the party! advice please. Tue Aug 05, 2014 2:21 am

SHARK aka TAH

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PROPRITER wrote:

newguy wrote:I'm a new member to your wonderful forum obviously with an interest of becoming an investor in the future. So I've been reading up many articles around here contributed by you gentlemen and all around the web and I do realise there is so much indepth content to learn gradually during my time.

Although I'm still 19 years of age I've been thinking about investing in stocks for long term right away without waiting. Just in extremely insignificant amounts of money here and there until I get a hang of things.(10k-15k is what I have in mind since I can afford to lose it without any issue). I took your advice of not to get into trading so I'm just interested in building up a tiny little portfolio for long term early on xD I'd be extremely grateful if you could share your thoughts and suggestions on this. Where should I start? Thanks in advance.

“I buy on the assumption that they will close the market the next day and open in five years. Only buy something that you’d be perfectly happy to hold if the market shut down for 10 years.”
Warren Buffett

“Education is when you read the fine print; experience is what you get when you don’t.”
Pete Seeger

Thanks You Pro

bandulawee · 8 Re: Jumping into the party! advice please. Tue Aug 05, 2014 1:39 pm

bandulawee

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Sorry to be blunt. With 10 - 15 k there is no point in building up a portfolio to hold for long periods. It will be better to read opinions here and buy a variety of smaller shares to gain the experience as well as build up your capital for future investment. Only advice is don't be too optimistic and buy and sell when you make a reasonable margin.

stevenapple · 9 Re: Jumping into the party! advice please. Tue Aug 05, 2014 2:03 pm

stevenapple

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bandulawee wrote:Sorry to be blunt. With 10 - 15 k there is no point in building up a portfolio to hold for long periods. It will be better to read opinions here and buy a variety of smaller shares to gain the experience as well as build up your capital for future investment. Only advice is don't be too optimistic and buy and sell when you make a reasonable margin.

True.
Lesson learn will more valuble in the future tnan the monetory gain
"Nothing like be in the Market and learn through experience"

SuGi · 10 Re: Jumping into the party! advice please. Tue Aug 05, 2014 5:08 pm

SuGi

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Main point u should remember is "be aware of manipulators and fake rallies" do not trust all the recommendation here...That's what i learned from the past 4 years of experience.

newguy · 11 Re: Jumping into the party! advice please. Tue Aug 05, 2014 8:23 pm

newguy

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@bandulawee, thats the plan! To learn and possibly invest more and more when I gain enough experience :3 there is a significant amount of money I'll be receiving in the future so I'll be better off making plans now on. Thank you for the advice everyone! I'm more of a pessimist so I get what you are saying Very Happy

all I'm hoping now is a good learning experience! You guys are awesome for even taking your time to share your valuable thoughts.