Look at it this way:
How man $100 shares can you buy? let's say you can get 10 for $1000.
Now if the shares up by $1, you profit $10.
With penny stocks (and I mean the higher priced ones, not the $.003 ones)
You basically have a $1 stock.
Well you can afford $1000 worth of them or 1000 shares.
If they up by ones penny, you've earned $10. Ten cent increase results in a $100 profit.
It could also lead to huge losses though.
Research general stock trading knowledge at investopedia. You'll likely not work with derivatives and futures but stick to the common stock opportunities. Don't buy expensive stocks.
The best point to start is around the $5-15 range. My first investment ever was Ford but I'd avoid that currently (at least, last I checked)
It's going to take you years of study before you build up the vocabulary and experience to avoid losing all your money in the first year.
This is not a good side job. That would be like being a doctor as a side job. You don't have enough experience yet to just do it part time. You need to study it quite diligently until you can do the same things over and over again without doing it too wrong.
Enron, General Motors, Sears, K-Mart, Washington Mutual bank, AIG,,,,
>> Just put your money into the bank !!
P S $100,000 is a "good amount" - although it is only a down payment on a decent house in some cities.
do not wast eyour money until u spend some serious
time in a library to learn least u get burned.
Any reliable resources I can learn from about stocks? Im 15 and this could be a good online side job for me. I have another job at a grocery store and have a good amount of money saved. Any tips and things I need to know before I start?
