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SVTPerformance's Chain of Restaurants
Road Side Pub
Investing in the Stock Market
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<blockquote data-quote="Mike K" data-source="post: 3174233" data-attributes="member: 29040"><p>First step in investing is paying off high intrest debt.</p><p></p><p>I just started investing around the new year. Being that i am a fairly young investor (turned 25 today), have all debt paid off (including my cars), have no obligations (wife, kids, etc) so i have quite a bit of 'disposable' income. I opted to start out in penney stocks (generaly anything under $5.00 a share), there are a ton of people that dont like them but with the right research i think it CAN be a good short term investment. I only invest what i am willing to loose. I have subscribed to Peter Leeds and soon will be subscribed to Global Penney Stocks. They pick the stocks, i review them and if i like what they pick... i invest. So far it has worked out pretty good, my frist investment was EGAM (OTC BB) back in mid Dec. I also recently bought RAE (AMEX) about a week ago.</p><p></p><p>The rest of the year i plan on diversifying into other mid/large cap finds as well as some mutual funds and a Roth IRA. I am still looking for a bank to handle all of my long term investments; fidelity is at the top of my list.</p><p></p><p>-Mike</p></blockquote><p></p>
[QUOTE="Mike K, post: 3174233, member: 29040"] First step in investing is paying off high intrest debt. I just started investing around the new year. Being that i am a fairly young investor (turned 25 today), have all debt paid off (including my cars), have no obligations (wife, kids, etc) so i have quite a bit of 'disposable' income. I opted to start out in penney stocks (generaly anything under $5.00 a share), there are a ton of people that dont like them but with the right research i think it CAN be a good short term investment. I only invest what i am willing to loose. I have subscribed to Peter Leeds and soon will be subscribed to Global Penney Stocks. They pick the stocks, i review them and if i like what they pick... i invest. So far it has worked out pretty good, my frist investment was EGAM (OTC BB) back in mid Dec. I also recently bought RAE (AMEX) about a week ago. The rest of the year i plan on diversifying into other mid/large cap finds as well as some mutual funds and a Roth IRA. I am still looking for a bank to handle all of my long term investments; fidelity is at the top of my list. -Mike [/QUOTE]
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SVTPerformance's Chain of Restaurants
Road Side Pub
Investing in the Stock Market
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