This is what my mother told me. Is it true and how much does she mean by loads of ? I have more than 10 k and think that’s enough because I practiced diversifying a little less than 10 k in many real and I gained over double of it in about a year. Lol, seems I’m a natural at investing or it isn’t really all that hard.
Too bad it isn’t for real though. Maybe I will do it for real someday when I’ve left my parents house.

 

  • Uncle D 5:06 pm on March 5, 2010

    False
    Assume back in late 1974 you had placed $1,000 in the Royce Pennsylvania Mutual Fund, Symbol PENNX it would be worth about a quarter of a million today. By adding just 1 dollar a week for the next eight years and the value today would be over one half million! If you had placed the same money in a single stock such as General Motors your investment would be worthless assuming you reinvested the dividends in General motors stock. The same can be said for a host of bad investments.

    Start today and invest wisely.

  • BDOGG 5:06 pm on March 5, 2010

    TRUE

  • firaflame2000 5:06 pm on March 5, 2010

    In the current market, I would be careful. Invest in a COD instead.

  • Calvin 5:06 pm on March 5, 2010

    You don’t need tons of money, I started w/ $1500. However doubling your money in the last year wasn’t very hard, in fact blind monkeys could’ve done that assuming they bought in while the market was down. Try navigating the market for the next 2 to 3 yrs. & then see how you do. Also don’t put in more $ than you can afford to lose, just in case.

  • wild-man of Borneo 5:06 pm on March 5, 2010

    Look in the real world.
    Decode this lyrics " You’ll see "
    "Wonderful world"
    "Penny wise pound foolish"
    What if a one cent stock with 100,000 shares?
    Bet on small with time?
    Time open up with big up to six cents?
    What if 200,000 shares?
    What is the risk?
    What if cash out two counters?
    Good pocket money?
    If stupid?
    Why did they have it listed?
    Simple common sense?
    Luke 21.30-36
    Luke 24.44-45,47-48
    What do you think?

  • Flor 5:06 pm on March 5, 2010

    False……just be careful and think twice before you give your money away.

    Good Luck

  • JRome3 5:06 pm on March 5, 2010

    You can start with $1k or $2k, that’s fine.
    Check it out….you can buy 1 Million shares of ITRO for only $2300 now.
    In 3-6 months it will at least triple. I can almost guarantee it. Let’s just say I know people;-)
    I have over 8 Million shares. Keep an eye on it and you’ll see.
    good luck

  • Robert 5:06 pm on March 5, 2010

    Did you earn that "funny money" because you researched your investments, or were you just lucky?

    Many people tend to invest in the market after it goes up, and sell after it goes down. This is a guaranteed way to lose money. Just remember, don’t follow the crowd.

    Most successful investors invest consistently over a long period, several decades. So don’t wait too long to get started, once you have a steady income. Don’t invest everything in stocks. Keep some cash for emergencies. You need to find an investing style that fits your personality. Some people don’t mind risk; others get rattled by it.

  • Feroz 5:06 pm on March 5, 2010

    False if you have 10K then it is more then sufficient to all you need it right time and right stock