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i'm playing the stock market game...and i have no idea what im doing lol somebody please help me!?

Update:

it's not the actual stock market, it just works like the stock market...except i dont have a broker helping me...so i need everybody's help...please

7 Answers

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  • Anonymous
    1 decade ago
    Favorite Answer

    Bottom line is the only person who truly cares about your money is yourself.

  • 1 decade ago

    A question like that always draws SPAM, like bees to honey. The stock market is a game and most people lose. Your success depends upon what you can learn, what advice you are offered, and who's advice you listen to. Bottom line is the only person who truly cares about your money is yourself.

  • 4 years ago

    ok properly you shouldnt even touch that money for one you may desire to study the fee of a dollar. additionally it could be greater advantageous for you once you surely start up residing on your individual. acceptable now artwork on your college and get a activity once you may. yet as for the industry. your youthful and have a mutually as to attend till your interior the actual international so i could save it. the industry will drop some greater yet fairly some human beings stay of investments interior the industry so quickly they're going to might desire to take a place lower back. so the industry will start up going back up additionally the fees would be very low becouse the dropping expenses now so greater human beings will possibly make investments so it might leap and be greater around 5 years. im additionally guessing there will be a month or 2 the place the industry is in basic terms gona leap like loopy. im no longer sayinf im acceptable yet its what i see is gona happen. yet what you may desire to observe for acceptable now's to make shure the corporation doesnt circulate out of buissness then you truly loose all of it. yet like i reported earleyer dont truly mess with the money for some years in case you get all that money your gona choose to spend it and quickly its gona be long previous after which your gona might desire to get a activity. in basic terms carry of untill a time comes once you fairly need it or once you turn 25. i think of you would be greater advantageous off at that age

  • Anonymous
    1 decade ago

    Sell any stock you have as soon as possible. Close the account and get a refund of whatever money remains. Contact Vanguard and ask then to send you an enrollment package for mutual funds. Enroll with Vanguard and send them the minimum they require for you to buy into their S&P500 mutual fund. Plan on making contributions to that fund every month for the rest of your working life. Don't ever touch it. Ask Vanguard about protecting the fund inside an IRA account.

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  • 1 decade ago

    I always recommend to get an expert advice when you are in the stock market.

    Depending on your account value, you might be able to get an advice from Securities specialist who will definitely help you. Many financial services companies will have those specialists

  • 1 decade ago

    Don't go it alone. Read the following:

    How to Choose Investment Opportunities

    http://www.ehow.com/how_5511704_choose-investment-...

    How to Find a Good Financial Advisor

    http://www.ehow.com/how_5325850_good-financial-adv...

  • Anonymous
    1 decade ago

    must read this source. http://pediaworld.com/

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