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Buying Shares
October 10, 2006I finally put my foot in the water.
After the 30 point jump in Google the last week, I decided to climb on before it went all the way to $500 a share.
Jim Cramer, of CNBC's Mad Money, has nothing but good things to say about Google. After they bought YouTube.com earlier this week, the general idea was that this stock's limit was the sky.
But being skeptical is key in the market.
I just want to make some money. I've analyzed a couple companies on the internet through TD Ameritrade, and I've got to say, I still have no idea what I'm really doing.
I'm only 24 years old and this is my first walk on Wall Street. It’s exciting, intimidating, confusing and more importantly exciting.
Where else can you put a couple bucks and get a huge return in a short amount of time. But, where else can you put a couple bucks and see it all was away.
It's down right scary.
But you have to love it.
In Jim Cramer's book, Real Money, he makes a very true and valid point. America doesn't exactly teach people how to balance a check book, so why would they want to teach people to play the stock market.
It's gotta be one of the ways the rich stay rich and the poor get poorer. My advice, put a little money aside and see what happens. Talk to any successful person and ask them if they have money in stocks. 10 out of 10 are going to say yes.
You don't get more money by not investing. Heck, pick up Cramer's book and decide for yourself.
This might have to be a voice for the young, underpaid family man and his portfolio.
Posted by Clayton Hein at 11:11 AM | Permalink | Comments (0)
