Does anyone do this thing called ‘Stocks’?
If so, have you made or lost money?
And also, how do I get into it?
I have some ideas about which companies I think may explode in the near future, but that’s far me to know and you to find out.
How do you do stocks?
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SarcasticGoat 
Do you have a 401k or retirement plan that is partially in the stock market? That’s how I got started.
Posted by thebikinibookworm | February 11, 2016, 5:00 pmWhat is a 401K? IS that just an American thing? In Australia we have a thing called Superannuation, where a little bit of your pay every week gets put into a fund you can only get when you’re retired?
I’m looking more at startup robotics companies that will no doubt become HUGE in the coming years! They’re very cheap right now too!
Posted by sarcasticgoat | February 11, 2016, 5:33 pmYes a 401k is basically the American version of that!
Posted by thebikinibookworm | February 11, 2016, 5:42 pmOh okay.
IS that in the stock market?
Posted by sarcasticgoat | February 11, 2016, 5:44 pmParts are! Like part of your investment is just low risk money that earns interest, and then part is higher risk invested in stocks.
Posted by thebikinibookworm | February 11, 2016, 5:47 pmThat sounds like good advice. In america 401k are tax deferred which make them a good investment for long term savings (retirement). I would imagine it would be similar for your superannuation. That is the place to start, because although it might not sound as sexy as robotics stock, when a pile of money has 20/30 years to grow it really makes a difference. Your money makes money and it adds up. Slow and steady. It’s not sexy but trust me – it feels good to see that pile grow.
As for individual stocks – like the robotic stocks you mentioned – that is not investing. It’s gambling. There is very little chance you have the information you need to make a sound decision on which of those companies will take off. Take some time to read about mutual funds. It’s a much better/safer way to invest.
A good place to start might be something like http://www.fidelity.com.au/ Or just googling. A good book for beginners is: http://www.amazon.com/Little-Book-Common-Sense-Investing/dp/0470102101/ref=sr_1_1?s=books&ie=UTF8&qid=1455221625&sr=1-1&keywords=john+bogle
Posted by futurepilgrim | February 11, 2016, 8:14 pmWell thank you sir 🙂
Posted by sarcasticgoat | February 12, 2016, 9:22 am