Never be in a hurry to lose money

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That’s the advice I’d give to any beginning investor. You don’t want to get into the habit of losing while purchasing stocks. The more you research your investment, the more likely you are to succeed on the trade. Every day at the Superior Investor Stock Forums we’re asked questions by newbies who seem to be in a real hurry to belly up to the bar called the Stock Market, and plunk down their hard-earned on a chance to win millions.

One problem folks: this is investing, and not Las Vegas. IMHO, you’ll have a much better time in Vegas with an attitude like that, then in the coldly harsh waters of the stock market, where cold-blooded sharks swim and they feast on the blood of newbies. To tell an internet forum of stock pumpers that you have “$10,000 to invest and no idea of how to do it” is the equivalent of a fine woman wearing a short skirt to a pervert convention. I.E., it’s not the best idea.

To further let your new internet friends know that not only are you ignorant, but that you’re also in a hurry, is the equivalent of dropping the bar of soap in the pervert prison shower. I think you’re getting the drift now, but if I need to, I’ll come up with even more of these analogies. But the main point is simple: take your time. There’s no hurry to invest money. If you’ve never invested up until this point in life, it’s doubtful you’ll be in a major hurry to fully commit to an investment in the next 24 hours. Take a deep breath and relax.

The train really isn’t leaving the station most of the time, so you’ve got plenty of time left to invest. Do your homework first so that you have a good idea of the jargon used by others. And make sure you ask your brokerage all the pertinent questions, because it’s their rules you’ll have to follow. And keep in mind that advice from the internet is always worth exactly what you paid for it, or usually even less. Think for yourself, never let’em see you sweat, and keep on zigging when everyone else is zagging and you should do dandy.

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