Thanks everyone for the all info. 5% wont worth it, and If I had to hold at least one year I may even loose money because of uncertainity on the markets.
I agree with Klein, tech is the one to invest, I have some CSCO, I traded some QQQQ and Im waiting for a dip on PALM. Klein, can you tell about mutual funds some? how does that work? I always do stock and ETF, and i need to learn how option market and mutual funds work as well
Thanks
Mutual funds are easy (they might be called differently in the states) You can go to your bank, and set up auto-deductions every week, bi weekly or monthly. Kinda like a savings account, just it goes into a mutual fund (stocks).
My main mutual fund is the Nasdaq one.
The top holdings of my funds are :
- Apple Inc.
- Qualcomm Inc.
- Microsoft Corp.
- United States NASDAQ 100 E-Mini Index Future, September 2009
- Google Inc., Class 'A'
and several others in the nasdaq, just at a smaller pecerntage.
All it is, instead of just investing into one single company, you invest in a whole group of them (safer).
Options on the other hand, you'll need atraders account (which you probably already have).
Then you purchase a certain company for a certain time (usually 6 mths).
You can ever place a out or a call bet on them. (put meaning , you think it'll sink, call , betting on it will rise) in that time period.
I never got into that myself. But, I know, it only takes a fraction of investment to either get rich or lose .
You can read up on it. (easy enough to search on the net).
If I had money and the will to buy options... I'ld go with natural gas companies... natural gas has been hit hard, lowest price in years.
And with winter around the corner, it'll only go up. Besides, it'll recover just as much or even more then oil, was this recission gets lighter or is over. For me, it's a safe bet. (and it's a short-term win) !
I would if I had the extra cash, but it's all tied up. If I win a few thousand in the lottery, that would be my next investment, before it's too late.
Remember, just my opinion, but I doubt natural gas will get cheaper.