Archive for March, 2010
My dad wants me to learn a trade or skill to prepare for getting a job. Ideas?
I’m 14, and we don’t have much money, so whatever I want to study has to be available for free.
My dad doesn’t want me or my older siblings to be dependent on our parents in the future, because they won’t be able to support us financially.
So he’s made it an everyday chore for me and my siblings to study something to fall back on if we’re ever in financial trouble, or something to make money while building our careers.
The problem is, I have no idea what I want to do. I think I have a fear of thinking that far ahead, because I’m scared of making mistakes.
I appreciate what my dad’s doing for us, because I know we’re going to need this kind of knowledge to last in the real world, but I don’t know what to study.
Moreover, I can’t think of many options.
Does anyone have any ideas, or maybe a list of trades to study?
Also, thank you smiling_freds_biz_info, my dad actually bought a copy of Rich Kid Smart Kid for me and my siblings a year or two ago, it’s one of my favorites because I can read it over and over and still pick up something new each time.
I’ll be sure to look into How to Win Friends and Influence People.
Thanks everyone for your answers so far. 
i would say plumbing. a lot of people are stereotypical and think a plumber has to be a guy but it doesnt. you can go to any local plumbing company and ask them if you could be an ‘apprentice’. which means you help them out with work, and they help you out with teaching you the trade. if you’re lucky, they might even pay you. you could also do an apprenticeship in being an electrician.
Advice on Stock Trading / Investing strategy ?
Im a finance major and have some experience in the stock market, read a lot and still am. Now im in the process of formulating / updating my strategy. I went in last week and did fairly well, 8% on my capital when the market was down 2.5 % by end of the week. I diversified (about a stock in every industry) and had an exit strategy in place mainly for stop loss. I lost on a couple of buys but made up with the rest.
Now i need some Professional input on part of my strategy . Im thinking that whenever i exit a stock (mainly small caps) with a profit, invest "my profit" in bigger solid companies that are down right now . Ex. walmart, msft, intl, sbux, McDonald’s etc. And leave those in my portfolio and hopefully let my profit run and consider them a long term investment. I want to keep reinvesting my original capital and may be add in more money to my capital whenever i can. Is that a good idea? i have another income so i don’t need my profits. So would this hopefully increase my capital in the long run given that these large companies i mentioned are undervalued right now?
Sorry for the long description, any input is highly appreciated. I need a Professional traders / investors opinion
i don’t like your idea. assuming you can make money consistantly in small caps you should put your profits back into that arena. it is always harder being good at two things than at one thing.
whta’s a good stock simulation game where i can play and learn for free?
i also would like a good book to read that is easy to understand. i have investing for dummies, but would like to get a good understanding of the ins and outs
You can go to top10traders were you can buy stocks they give 100,000 dollars to start with its great i have 1 the best acounts
E*TRADE Singing Baby
The E*TRADE Baby and his buddy learn to fly again 2nd Quarter, Big Game, Sunday, Feb. 1. Want to see more? http://www.etrade.com/youtubebaby
Duration : 0:0:33
Stock Market Trading Strategy
http://trade-technicals.blogspot.com
EBook is available on the blog in donation trade. Book explains options for use of hedging (Including 401k hedging), alternate strategy for trading, and some strategy
Duration : 0:10:51
Real Estate Investing For Dummies
http://poppahomes.com/tips/ Real Estate Investing For Dummies
Is just for the people who are new to the business. I will guide you
Through the ins and outs becoming successful.
Duration : 0:5:3
Where can I find a professional piano tuner and what does it take to learn the trade?
I am interested in consulting a specialist, who can teach me the art of piano tuning, allowing me to become a piano tuning professional.
Check with some music stores in your area. They should be able to give you some names. Also, you can check the yellow pages.
Where & How can i download Forex trading software i.e Fx (forex, stock,currency)software online for free?
I know http://forexfreedownload.com which allows to download the Fx trading software, foreign Currency Exchange Software, Stock Trading Software, Online currency trading software, free Forex Strategy Builder software, forex trading software.
I need to know few more good,popular & best Forex software,trading software and from where i can Download the software instantly and begin using it.
Downloading free system are just for demo account. You cannot actually trade there. I feel this is not a correct step of starting trading. software doesn’t help in earning good returns.Have a good understanding of the function of the market in general and those that keep the market operational. Understand, not only the market you are trading in, put be aware of all the products and services that you can upon if needed. Understand the basics of trading such as never trade against the trend, limit any & all loses by using stop orders and lock in any and all gains with sliding stops.
If I only have $500-$1000, what’s the best way to grow my money? I hope to add $100/month.?
I believe I will be able to add $25-50/week to the account. My job does not offer a 401K plan, or any other benefit.
I am not interested in reading books about investing for dummies and I know I’ll never be a day trader. I just want to take a small amount of money and see what I can do with it. Just looking for ideas. Thanks.
you really have to consider opening a an IRA account that gives you the opportunity to save for retirement if your current employer does not offer a 401k plan. Depending on your income and tax bracket you will determine wether to invest in a Roth-IRA or Traditional-IRA, I recommend that you talk to your tax advisor then discuss this with a Financial Advisor. Important that you establish cash reserves before you began saving for the future, just so you have emergency money on side. Good Luck
Stock market for dummies
You will discover Stockmarket for dummieswhich includesbegginer stock investing and beginner stock market investing
Duration : 0:3:40