RE: Amateur Investing

You are viewing a single comment's thread from:

Amateur Investing

in finance •  7 years ago 

My best suggestion is to diversify throughout multiple industries. The market will always fluctuate but sometimes it only fluctuates for specific industries. As well, the more expensive the stock, the worse it is for flipping profits as it is much more difficult for a stock to raise from $700 to $1400 versus a stock raising from $0.63 to $1.26 so if you are more interested in flipping fast profits then go with cheaper "penny" stocks and if you want long term investing then stick to the more expensive "blue chip" ICO's

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
Sort Order:  

Appreciate the tip! I definitely see what you would mean about the "penny" stocks. It makes a ton of sense if you are looking for some quick change! I guess I should figure out exactly what I am looking to do with the market. Enjoy your Holiday bud and see ya after the Holiday!