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> Anyone here in stocks?
post May 1, 2007 - 10:13 PM
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GotToyota



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Is anyone here in the stock market or own stocks? I'm going to be turning 18 soon, and I've realized that I should start investing a small part of my money into the stock market. With that being said, and don't say it's just because I own a Toyota, but I personally think it would be smart to invest in Toyota stocks, and Toyota recently became the #1 automaker in the world, and it seems their stock prices keep going up and up. I'd like some advice and informative comments/concerns about this.

-Matt
 
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post May 1, 2007 - 10:23 PM
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jason



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diversify - dont put all your eggs in one basket, like invest in dow chemicals, kimberly clark, as well as toyota and any other nice ones you may want to go with


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post May 2, 2007 - 4:50 AM
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3WayStunna

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QUOTE(jason @ May 1, 2007 - 10:23 PM) [snapback]553158[/snapback]

diversify - dont put all your eggs in one basket, like invest in dow chemicals, kimberly clark, as well as toyota and any other nice ones you may want to go with



mutual funds, and IRA's is what you would want if its diversity you seek.....just find a good investor and let him do all the work for you, or you can check moringstar.com and do alittle research on what is good for you. With the mutual funds, you invest alittle or alot, in alot of diffrent companies, so that way, if you invested in say 5 stocks with your mutual fund, and one of them is doing bad, then oh wells, you have 4 more to make up for that one, instead of investing in just one fund, and when it goes bad, you lose money and thats it..its carries alot of security for the novice investor in my opinion.. moving on rolleyes.gif with an ira, its a mutual fund, but you can put money in it and let that money grow with compounded interest, and over time it continue to compound and compound...so you can put 100 dollars in one year, with an interest rate of 6 percent and have 106.00 by the end of the yearbut next year, if left alone, then that whole 106.00 dollars is compounded still, and that is how it grows..keep adding money and you can see how that works out...its like a big kid version of the savings account, but those are best for retirements and long term goals though...anywho, thats all i know with stocks, and even such, i only scratched the surface but good luck with em bro biggrin.gif


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