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Old 11-07-2006, 02:56 PM   #9 (permalink)
JiriNovotny
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Exclamation Unnecessary risk!

toasterwater,

You should probably go to the casino with your money instead, it is very likely that you will lose it if you have no previous experience. This is the worst way how to learn investing.

Reasonable investors start with virtual money. There are even great webapps made just for trading with virtual cash (Like the simulator at Investopedia). It is insane to risk your real money if you haven't traded before.

Why don't you trade with virtual money for a few months before you invest the real cash? If you can make stable profits with your virtual money, then go ahead and invest real cash. It is probably not that exciting, but you don't want to lose your money, do you?

If I were you, I would sell all these stocks ASAP and learned investing first. Also, devoting 60% of your money one stock is really unwise - have you read something about diversification?
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