more money. But not all companies are successful, you must plan well.
Now, back in the year 2000 he took me down to this broker in Dearborn, and I bought 200 dollars’ worth of stock in the tech industry, since technology is always evolving, and I figured to do well. I purposely started off with a smaller 200-dollar purchase to let me see how the process works.
Anyway, I had beginners’ luck and I doubled the money. My dad said based on the news he read about my company that they filed chapter 11 bankruptcy and they are struggling to survive, and when I double the money, I should has sold, unless the company was still growing, with lots of good news, then you hang in their long term. I finally did sell, and I lost money and walked away with 50 dollars before the company eventually went out of business.
Now, I have seen sound companies that
DID YOU KNOW
Basic Stock Market Tips
Back in the year 2000 I was introduced to the Stock Market for the first time by my dad. I found out very quickly he invested thousands of dollars, and he was a very serious stock trader, and good at it. I saw the kind of money he was making, and I asked him to tutor me on how the process works. I found out quickly you can go broke very fast if you do not research the company you want to invest in. My father was making good money with his Ford stock as well as other companies, and when he passed away, I received some of his shares.
Now, soon after a few years I seen Ford was not doing well, so I sold them before I lost most of my dad’s investment. One of the reasons why my dad traded Ford was because he worked there, and he also told me that not all companies pay a dividend, but Ford did, where you make money in the meantime while waiting hopefully for the stock to rise in value to make you even
Article by Michael Joseph Lynch