Financial Guide to Designers
Out of context: Reply #118
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- tkmeister0
my morning reading
yahoo! finance
cnn finance
thestreet.comthere are a lot of articles that features hot stocks and etc. i spend about 1/2-1hr reading through.
also, there are a lot of funds that returns over 20%. so if you don't wanna spend much time doing research on day to day basis, funds are recommended. i have 4 funds which are mostly doing pretty well. when you buy funds, you should check the history on fund managers. there are some well known so you may wanna buy those funds.
back to stocks, i usually buy around 100 shares on the company i pick. i think it's silly to buy 10shares(unless Berkshare, Google or anything expensive). because you'll be spending money on transaction fee and it's not worth it. also, i try to stay put through the rough time if i believe in the company. i made my mistake in cisco which i bought at 16, now up to 26... don't expect to make quick cash. it's actually a lot of work and patience is the key.
like joyride says, annual 10% return is not bad for amateurs. if you can do 20% that's even better. there are guys out there who are killing the market and doubling their value every year if not more.
i wanna do well to beat 30% annually, but i am just dreaming...