Originally Posted by wolfing (Post 1061471286)

You just do some research, buy a stock you think is low, sell it when it's over 10% the value you bought it for and if it's 10% under what you paid for it (to protect you from stinkers). At the end of the year, unless economy is in recession, you probably get like 5 right and 2 wrong or so.
Starting with say $10,000
Right: $11,000
Right: $12,100
Wrong: $10,890
Right: $11,979
Wrong: $10,781
Right: $11,859
Right: $13,045

The important thing is not to panic, economy goes up and down so just keep it there. For example, during the deep recession of like 9 years ago, my total stock was worth like 60% the value it used to have, but I kept it there, eventually it caught up and surpassed the previous amounts.

Originally Posted by arthureloi (Post 1061471310)

Wow, nice strategy! Thanks for sharing! Unfortunately, I'm extremely conservative and very adverse to taking risks like playing the stock market game. Kudos for those who do it right, though. I'm able to go for 15% per year but interest rates are pretty high in my country. I wanted to invest overseas (Canada) but stock market is really not my thing.

Thanks!!

Originally Posted by fadedc (Post 1061471318)

Buying individual stocks is always risky. A much safer move is to diversify and buy groups or indexes of funds that will tend to balance each other out and raise and fall as the market does. I'm not quite making 10% on those now, but it's close.

Originally Posted by wolfing (Post 1061471345)

Yes, always diversify, my stock is around 7-10 different stocks, some I win some I lose, overall I'd say the ratio is about 5-2, I've been doing this for hmm… about 15 years or so? Also I'm not an economist, just some dude that one day decided to put my extra money in stock instead of keeping it in the bank.

Originally Posted by Myrthos (Post 1061471367)

Let's get back to discussing the game.