Replies to post #599 on Money 101 (Money)

[lowman]

Most people would call you crazy 'cause you should never invest with more than you can afford to lose.

IMO, there is no substitute for patience. The stock market is like a candy store, with all the 'delicacies' available, most of which will only rot your teeth.

I would suggest to simply continue looking and watching, for 1-2 years, at which point you will find yourself a much more savvy and informed investor. If after that period of time, you feel real gutsy to gamble with money you don't actually have, the odds will atleast be a little more in your favor.

[lowman]

Remember too, all it takes is $1000 and alotta research and patience, and you can make a million bucks in under 3 years.

A million bucks in 3 years is not too shabby, but it takes discipline to achieve that goal.

[BonelessCat]

I would never, never, never use credit card debt or any borrowing instrument for investing in stocks. IMO, it is way too risky, even for a sure thing, and is the investment formula for personal economic disaster. It's a slippery slope that can result in high financial losses, high debt, personal ruin, bankruptcy and suicide. But that is only my opinion. I'm sure there are thsoe rare people who have done so successfully just as there are those who walk out of Vegas with more than a few bucks left in their pockets.

[Toofuzzy]

blue-horseshoe

Wealthy people do ONLY one thing you are not doing and only one thing!



We spend less than we make.


If you aren't doing that you shouldn't be investing.

not always
Toofuzzy