Quote:
Originally Posted by Carl Johnson
I wasn't trying to discourage him or anything. But I spend $4000 building a top of the line system this year with a few LCD monitors throw in there. When you have such limited resource it hard to see somebody get very successful. The sad truth is you need money to make money.
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Do you mind if I ask what do you have in your system? softwares?
Carl is right though, 1K-1.5K isn't really enough to start. You might end up losing some and losing your confidence in investing all together which is worse.
Greenstoner - I say start of with understanding the basics of the financial markets. Like you need to know pretty much what a stock is and all.
Then maybe go into fundamentals. IMO this is what investing is all about. It is to build wealth. We are all young here so sure RISK it and GAMBLE our money to build a nest as big and as fast as we can. But when we all have families or being to get older...our income from our careers will limit our chances of risking our monies. (unless you're powered by daddy money). So that's when you need to rely on fundamentals and understand a company well enough that's it's a worthy company for you to put your money and you know you will get the dividends you deserve.
Once you have the grasp of the basics/fundamentals...you can expand to other tools of the financial markets...bonds/options/technical analysis / day trading / penny stocks / futures...
But I would strongly recommend to learn your fundamentals. (like the black kid in the video. LOL).