The first rule is Save your money. Don't spend it in dumb ways. Then you will have more to invest.
The second rule is Invest in blue chip large cap high quality stocks of companies that make and sell foods, consumer products, pharmaceuticals, oil, gas, electricity, water, etc. These are things that people need and want and use every day. That's why they're called "Defensive" stocks. They don't drop like rocks during a recession.
If you hold on to those stocks for 40-50-60 years, I guarantee you will make a lot of money.
The other choice is to invest in mutual funds that buy those kinds of stocks. No-Load funds are good. Look them up.
You don't. It takes a lifetime of investing in the stock market with a dreary little amount (or large) coming out of your paycheck over years and years. The secret is you have to diversify. Some in tried and true stocks called blue chip. and some in up and coming., some in medical products and medicine, some in gold or silver. Don't you wish you 'd have bought Microsoft or Walmart stock? No one knows. You just have your money spread in different areas. As a rule when stocks are up bonds are down and vice versa. You sometimes get lucky and make a lot of money and then the market can fall, If all your eggs are in one basket you can loose most of your money, Some people have committed suicide over the stock market falling and that's no joke. Some people have lost all retirement money when their business tanks like the airline industry. A well known financial adviser just said that anyone who tells you that they know how to play the stock market is a liar. Your dad may have made that much money but he's not going to pull it out and spend it . It's just going to sit there until he's old enough to retire and then he'll be pulling out just enough to live his chosen lifestyle on. Investing in stocks and bonds is for the long haul Only a fool invests in commodities. You can loose your shirt there.
It's not hard to just pick a stock, get lucky, and win $14,000. Your father likely started with a large amount of initial capital, as well. Blue chips are even easier to invest, since they usually head up over the long-run.
For him, it's as easy as having 1,400 shares in a company that goes up $10 during the month. That's not uncommon at all, and could even happen in a day, from a company that posts superbly good earnings. However, there's some risk with betting on earnings, since it could either go really well, or really badly. It's like betting on horse racing, except with better payouts and a way for you to actually analyze the company.
If you want to be more efficient, you want to look into researching and analyzing chart patterns. Develop a system that accurately predicts stock movement, and you'll be well on your way to earning more than him.
There are three things that runs in the stock market. News, luck and perception. If you have all three, you are a big player here. Easy or tough is a difficult proposition as things are situational as the investment opportunities are sometimes so limited that bald people as myself search for a hair to pull it off from the barren head.
Everything is easy if you know proper way to do it , and its tough when you are taking too much risk and too much bad decisions. You should invest for long term and you will get profit from stock market for sure.
Your Dad must had many shaares and alot of money invested if he made that money in a month. To your questions, I wouldnt say its easy or quick but the potential for big gains is certainly there. You have to spend big in order have large gains. Say you have 10k in one stock and each share is at $30. That buys you roughly 333 shares in that company. If say after a month that stock gains just $2 a share, youre $666 to the good. That stock could just as easily decline $2 in that month so itd be wise to check the stock price each day and throughout the day because you can buy and or sell anytime during the weekdays between 9 and 4 est. Whats maybe more important than just learning how to buy stock is making a wise choice with what stock to buy. If you have more questions, feel free to ask. I will check this post again.
My dad made 14k in one month but he never really studied how to invest. He just watched the stock channel. If I devoted a lot of time to studying how to do it, could I make quick money off of it?
