I need investment advice (stock market)

[BlackVelvet]

Accident stop being weird

[hunterKING]

I'm not an accident. Why would you involve my parents?

[BlackVelvet]

You never know

[hunterKING]

The concept of an accidental pregnancy doesn't even exist in Somali society.

[BlackVelvet]

Disturbing thread of conversation

So word up how have you been

[AbdiWahab252]

Well the market is not for the faint of heart. Day Trading is for the pros. Buy and hold. I was investing at the bottom of the market after the collapse and my portfolio is up two fold. My heart raced when one of my holdings went belly up and filed for bankruptcy. I was terrified but held on. If came back slowly and then blew up from pennies to the 12 dollar range. I was ecstatic !

[Tuushi]

Great thread.

I started saving little less than 2 years ago.I look maybe once in a while and sometimes forget for months.I am not investing for short term.It is little money that gets deducted from every pay.In index funds.

[BlackVelvet]

MashaAllah congrats and yes definitely not for the faint hearted


Tuushi you have to think about retirement

[Tuushi]

We have to. That is my nest there.Hope to increase my contribution soon.

[AbdiWahab252]

Jasmine, I have started dabbling in African stocks too.

[LiquidHYDROGEN]

Trading in stocks is like gambling in a casino, not very good odds. I would invest in currency and commodities.

[Octavius]

Tesco is an interesting stock ive been watchingfor a few weeks. The share price is almost at its lowest price ever, but has been falling consistently for 6 years.

[Forex]

I invested in the currency market for a while but took sometime off from it. There is 2 ways to look at a particular stock or whatever you are trading. There is fundemental analysis (news, expected performance and numbers) and technical analysis ( charts, candlestick, resistance and support levels). You could never trust what those pundits on CNBC or any financial so called gurus say because its their job to mislead you on how to trade because they will take the other side of the trade, so fundemental analysis is totally useless. Use technical analysis to guide you when to buy or sell. No matter wether you are trading stocks, forex, option and futures using technical analysis is the same no matter the market. Learn about candlestick formations, trendlines, support-resistance lines and many more technical tools. Don't just look at where the stock is trading but download the stock you trading and use technical analysis to guide you. I hope that helps and good luck.

[afisoone]

I will invest in Halal or new businesses if I saved enough. I don't go to the stock market. I will go to the bank and ask if there is new business that needs atleast $10, 000 investment. So I can go that building every day and clean their floors. Watch how many customers come in and out....
That is my plan.... I am too conservative when it comes to investing...

My plan is dollar stores investing.................

[YummyMummy]

Great thread.

I started saving little less than 2 years ago.I look maybe once in a while and sometimes forget for months.I am not investing for short term.It is little money that gets deducted from every pay.In index funds.

Same. I have a pension that is deducted from my salary & matched by the employer. To access it though you have to work till retirement age. I was hoping that wouldn't be the case; what if you leave the country, can't you ask for your contributions to return to you?