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Any Tips for a Brand New Investor?Any Tips for a Brand New Investor?
balootex said: "Howdy Everyone,
I'm brand new to this forum and to trading in general. I've been reading many of the previous posts and I'm kinda lost due to some of the terminology. But, I'm figuring it out.
Many of you have mentioned investigating companies. So, my question to you is; with so many companies out there, where do you start?
What tips can you give me in investigating companies? What do you look for? Are there certain things that tell you either buy it now or stay clear of this company?
I’d appreciate any tips you are willing to share with me. As I said I am just a baby when it comes to investing and can use all the help I can get. I’d much rather benefit from your experience than have to learn by making beginners mistakes.
Thanks,
Balootex"
AlfredSokol said: "Be wary of hot stock tips. They rarely, if ever, pan out."
SporeMonger said: "Invest in a company whose business model you can understand. It also helps to compare a company of your choice to others in its group. You might find that another company is in a better position to grow. Also, buy some books and check out the useful links sticky.
...Stay away from penny stocks, they are penny stocks for a reason..."
balootex said: "Will do! Keep the tips coming,
Thanks!"
Paq13 said: "here is a huuUuuuUuge tip along with sporemonger:
STAY AWAY FROM PENNIES!!!!
if you do buy a pennystock and make a profit, sell it quickly.. there are very ...VERY few success stories long term in pennies."