brand new to this

That_Guy said: "Ive been interested in getting involved in the stock market sense i was 11 (im 14 now) and i thought now was the time to move. I want to get involved mainly in penny stocks and was wondering if any of you could give me some info/sites. Also i am looking into online brokers and was wondering what all of you use and what would be best for short term investing.(Penny stocks mainly). thanks in advance"

chahinemm said: "hello welcome to superiorinvestor and congratulate u to persue ur interest in this vast and interesting field. In terms of brokerage there are many out there. Ameritrade scottrade optionsxpress lowtrades and the list goees on and on In terms of your choice of penny im not sure if its something that i would recommend by your level of experience. As penny stocks are very dangerous and one mistake can turn a trade from a winning to a loosing and can be costly on your money. If you are interested i would recommend you paper trade for a while and look into if the penny stock is generating you "virtual" money and if so then invest real money. if its not im sure there are thousands of different more stable stocks that can generate money. so don't hesitate asking questions over here as we know how that 2 brains don't think a like and that helps in making sure the trade you will trade for will generate you money. chahinemm"

HappyHarry said: "My advice is to forget the penny stocks. It's a bad habit to get into. It's more like gambling than investing. Investing is when you put money in expecting to get money out."

That_Guy said: "yeah i understand its like gambling lol ive read that many times.....i know what kind of money i could lose in it. The thing is i dont feel like waiting for a long time to start making money out of stocks or any investment, and i know it doesnt work like that. Im pretty responsible with money but i still cant seem to save any lol. anyways thanks for the advice."

chahinemm said: "A strategy for saving money for me that seemed to work is when i was younger and was given allowance (old times hmmm) my parents taught me from a young age to take half the money and spend it whatever i felt i wanted from candy to magazines, or whatever and the remaining half of it into a bank account that my parents locked that i can't take out until im in university which allowed me to cover 90% of it looking back in time i was around 12 when i started but it does make a lot of difference now as i manage money a lot more wisely than few of my cousins who were not given the same bases at a young age. fruits of taughts... its 2 way u save money and u get to spend it in what u want... i don't mind it ;) PS when i get time ill post a little article thta im in the process of compiling about what graham would think about penny stocks ... chahine"

HappyHarry said: "Saving is the big key to everything. Just put aside $5 a week until you make it a habit."

Heather said: "Welcome to Superiorinvestor! Just start wisely. If you start tucking away money now (at age 14) the money you stow away could profit big. Here is a [URL=http://www.civiccu.mb.ca/calculators/future_val.html]fun tool[/URL] to figure out how much saving today can pay off in the future."

ladybridgeport said: "What I usually do is since I have ameritrade, I use their charts, news, and reports. I also use Yahoo stock screener is pretty fast for pulling up stocks to view their history and shows if it split. Since I also have aol, I use their finance news to view articles not listed in ameritrade or Yahoo. With those 3 sources, I can get an objective view on the stock. It helps so you don't see the stock one way, invest, then look again and say, "Why didn't I see that." Of course I fell into the penny stock thing. I was tired of making $200 a year from stock. I recently came across a strategy that can double my returns with each investment. If you do invest in penny stocks, I suggest try investing when a particular stock is matching or close to it's 52 week low. From there it can either go up or out of business. Pay attention to spikes in the stock and headline news. I never invest into a pennystock that has split. The only splits I want are banana splits."

lil dickie said: "I've lost many thousands myself. It's quite a bad feeling."