Stock Market Trading
When I was twelve years old, I always had a passion about stocks and eventually developed interest about stock. My first two stocks that I purchased was Union Oil of California and Sears Roebuck Department Stores, these were the only two companies that I knew. The reason being is that these are the places where we used to buy gasoline and shopped for everything else. At that time my stock trade was only on paper. And now after fifteen years, I have become a stock broker now and my stock market trading was using my ideas and other people’s money.
There are rules for everything and so did the stock market also have rules. The first rule that one should learn is to invest in stocks of the companies you know of and you understand. I knew Union Oil, because that is where we used to purchase our gasoline. The gas station was right down the lane from our house, and I knew Sears, because that is where we purchased goods for our house hold needs.
After all many people lost their wealth during the late 1990’s when people were just buying stocks of IT related companies, companies that they had never heard of it. They had just heard the word internet and they bought regardless if the company’s business made any sense. That is the reason why stock market is called gambling.
Stock market trading can be profitable and also very knowledgeable, if you know about what you are doing and how you are doing. Stock market trading is 80% common sense and 20% educating yourself. I have seen many successful and profitable traders I have known over the years. They had simple principal to follow what they thought was correct. They always listened to everyone else and did what they felt was right. I am not talking about stock market rumors. I am talking about facts. The big winners always used their heads and make buy sell according to their knowledge and sense. They invested only in those companies that made sense to them and they knew of. And if there was any company that they thought was a good one but had less information about it, then they educate themselves by getting the right information about it.
Stock market trading is no difficult that any other moneymaking proposition. However, will all business ventures you always must know what you are doing. If you do not understand the game, do not play. The same applies to your stock market trading.
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Tuesday, 5 February, 2002, 17:28 GMT
Afghanistan's security nightmare
Afghan warlords are vying for power outside Kabul
By BBC News Online's Marcus George in Afghanistan
The resurgence of local warlords has placed security, rather than reconstruction, at the top of the new Afghan government's agenda.
Interim leader Hamid Karzai told the BBC he received hundreds of requests every day for more international security forces outside Kabul.
But British Secretary of State for Defence Geoff Hoon, who met Mr Karzai during a brief visit to Afghanistan, said there were no plans to extend peacekeeping operations beyond Kabul.
Hoon said peacekeeping would [...]
It depends on the division. A retail sales assistant will make between $30,000-$60,000. A salaried stock broker will make about $40,000 (and that decays as the broker seasons to commission only.) A support staff person in an administrative position will earn between $30-$50,000. All-in the median pay is roughly $30,000-$80,000.
I agree that after the current upswing in the DOW is over, baby boomers with money in the market with 401ks, etc will cash out and run. Who would risk keeping most of their money in the stock market when you have only a few years until retirement? Nobody. The bailouts are just giving a false sense of prosperity, based on borrowed money. Soon foreign investors will pull out of their investments, especially in treasury bonds, because they will want to be liquid when better prices come later.