Before we get started trading stock, let’s make sure you understand the components of a stock. Sorry if this seems elementary, but I want to make sure you understand the basics first. Of course, buying stock means you’re buying a piece of ownership in a publicly traded company. Wouldn’t it be great to tell your friends that you own part of the Moet Hennessy Louis Vuitton company?! Champagne and handbags, what more do you need?!
Read MoreA couple of months after I started at Fidelity Investments in the year 2000, our country suffered from the .com bubble crash. By the way, this is right after we survived the Y2k scare! Not only did we survive, but we figured out which technology companies were sustainable and which ones weren’t. Many of us have invested in those companies and have done quite well. Only 8 years later, our country suffered from the housing collapse. This collapse was systemic and even more severe.
Read MoreAs a general rule, it’s better to take more risk with long term investments versus money you need to use in the next couple of years.
Read MoreIf you invest in the market, you run the risk of losing money; however, the market has never dropped to zero and stayed there.
Read MoreNow that you’ve picked your stock, you need to know how to trade stock. Have you ever gotten together with a mean girlfriend? She’s the type of girl you’re not sure why you’re still friends with her. There’s always the possibility of a put down or snide remark so you constantly
feel defensive like you have to have your guard up all the time. Think of trading stock the same way.
