After paying into my IRA again this coming spring I should have a little bit of money left over (should I even admit that fact to anyone in a time like this? – that I saved my money instead of buying iphones and plasmascreens – I might as well say “Let them eat cake!”). I could save this for “emergencies” (problems with the condo, health problems, job layoff, etc.), but I’ve been thinking about putting some of it in the market.
the problem is – I know nothing about the market. Nothing.
And this doesn’t make me any more confident. Where am I supposed to learn (outside of adding a “finance” focus to this upcoming MBA)?
In coin collecting (or in nihonto) the saying is buy the book before buying the object. Read , read, read, and study ,study, study. Start slow or commit only that amount you can afford to lose–high profits mean high risk. I remember a guy I worked with making fun of me because I didn’t get on board the IPO train with him during the tech bubble–his picks are all history. BUT—now is the time you can make big bucks if you pick the right stocks.