QotD: Invest
Posted March 7th, 2004 @ 09:45am by Erik J. Barzeski
Question: Do you invest in the stock market?
My Answer: No, unless you take "invest in the stock market" to mean "own a few shares of one company's stock." I would invest in the company below, though:
You are encouraged to answer the Question of the Day for yourself in the comments or on your blog.
15 Responses to "QotD: Invest"
Posted 07 Mar 2004 at 9:51am #
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Is that Apple!
Posted 07 Mar 2004 at 10:03am #
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No, that's not AAPL in the chart.
Posted 07 Mar 2004 at 10:25am #
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I think it would be fine to invest in the stock market.
As long as you have enough money...When I say enough I mean Thousands, Hundreds of thousands, and even Millions of dollars.
It is some what silly to invest in just a few shares. Yet at the same time, it is great if you are a wealthy person.
I do hear that the Art Market it good, but once again, you need to get a yearly paycheck of about 1/2 million in order to shop..."Art Market".
The Stock market is fine, as long as you don't sell you're shares.
If you hold on to you shares, and then sale them again, when the companys stock goes back up, it would be fine; wheather you be rich or middle class, it is an okay investment, just better off for the wealthy.
😀
Posted 07 Mar 2004 at 1:05pm #
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Why is it silly to invest if you aren't a millionaire? I personally like making more than the sub 1% interest the bank gives. If you have money laying around (even a few thousand), have it work for you.
I am more of a "trader" than "investor". But not a day trader.
Posted 07 Mar 2004 at 2:41pm #
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Yes. I invest in the stock market and have been doing so since July 1st, 1999. I think that it is really fun and interesting, and I like the fact that I can make money doing it.
Also, I started doing this with just the money that I had saved up from High School jobs for use during college. So, you do not need to be a millionaire by any means to start investing.
Open an IRA and you can invest right away. You only need $500 or so to start, and it is worth it to start early so you know what you are doing in the event that you do become wealthy later on in life.
Posted 07 Mar 2004 at 7:33pm #
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I keep a couple online brokerage accounts. One for long-term positions that I hardly ever touch, and another for swing trading, to keep me amused during the week when work gets dull.
Posted 07 Mar 2004 at 8:07pm #
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I am not saying it's pointless, unless you're a millionaire...
I am saying, you get best results when a millionaire...
Yet, a few thousand, yes, it will get you some money.
😉
Posted 07 Mar 2004 at 9:59pm #
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Ethan, how does one dollar become one million? Every house starts with just one brick. Think it over...
Posted 08 Mar 2004 at 11:27am #
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looks like now would be a good time to short the company above, since it's at a 2-year high.
IANA(investment counsellor) :).
Posted 08 Mar 2004 at 4:26pm #
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Now would be a horrid time to short the above company. It's going to blow through the roof shortly.
Posted 08 Mar 2004 at 6:17pm #
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Which brings me to my point that the stock market is the same as gambling. I would never put money in the stock market that I'll someday need to survive, because tomorrow it might not be there.
Posted 08 Mar 2004 at 9:32pm #
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Jo-Pete, have a look at how stocks performed over any 20-year period in the history of the US stock market, and then tell me that investing in stocks is like gambling.
Posted 08 Mar 2004 at 9:42pm #
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It can be gambling or it can be investing... it depends on the amount of risk you are taking with your money. If you buy a company's stock to hold it long for a significant amount of time it is investing for sure. If you are shorting, dealing with short-term derivatives of stocks you know little to nothing about, or simply day trading than surely that is gambling.
Posted 09 Mar 2004 at 12:34am #
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I will definitely agree in long-term investments in stable companies. The problem is that most people look at the stock market as an opportunity to win big, and there's no such thing as a free lunch.
If you are willing to let your money stay with the big companies that grow slowly or invest in various IRA's, etc, then you can get a return on your money in return for sacrificing the cash-on-hand. Unfortunately, I don't have the cash-on-hand to sacrifice, so I can't invest in much of anything other than my future earning potential (yay for poor starving college students).
Posted 09 Mar 2004 at 2:54am #
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Saving for investing or just for the future requires discipline. That is a quality that I don't think is stressed very much any more.