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Easy tips to help our members spend less time investing and more time out on the golf course

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Here is Today's Market Summary:

The market rose for the fourth day straight Tuesday on hopes that a vote of confidence in the Greek government will help the country avoid a default. The Dow rose 109.63, slightly less than 1 percent, to 12,190.01. The S&P; 500 rose 17.16 points, or 1.3 percent, to close at 1295.52, and the Nasdaq climbed 57.60, or 2.2 percent, to 2,687.26.

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Here is Today's Market Summary:

The market dropped on Wednesday after the Federal Reserve cut its forecasts for U.S. economic growth this year and next, without hinting at further plans for stimulus. The Dow slid 80.34 points, or 0.66 percent, to end at 12,109.67. The S&P; 500 fell 8.38 points, or 0.65 percent, to 1,287.14, and the Nasdaq lost 18.07 points, or 0.67 percent, to close at 2,669.19.

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Dave, I have a question.

How should someone who knows next to nothing about the stock market get involved? Should they sign up for one of the various "online trading" companies and just buy their own stocks? What type of strategies would you consider safe, medium-risk, and high-risk for the beginner?

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The market began with a steep drop and ended with a modest decline on Thursday. A jump in the number of people applying for jobless benefits and plummeting oil prices drove stocks lower at the open with the Dow down 234 points at its low before closing with a loss of 59.67 points, or 0.5 percent, to 12,050. The S&P; 500, down as many as 24 points, closed down just 3.64, or 0.3 percent, to 1,283.50, and the Nasdaq closed up 17.56, or 0.7 percent, to 2,686.75, after being down 42 points.

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Originally Posted by iacas

Dave, I have a question.

How should someone who knows next to nothing about the stock market get involved? Should they sign up for one of the various "online trading" companies and just buy their own stocks? What type of strategies would you consider safe, medium-risk, and high-risk for the beginner?


Hi Erik

Thanks for the question - It's a steep learning curve. People who've been trading the markets for
years are having trouble in the current environment. I would not recommend
any of the online trading seminars, most are worthless. I'd recommend a
subscription to Investors Business Daily and The Stock Playbook for a few
months. The cost of the two for a couple of months will be a fraction of
what you will lose if you try to learn on your own without a Playbook (or
game plan, I couldn't resist).

Dave

P.S. If you send me your phone number and a good time to call you, I'll do
my best to contact you and set you on the right path. Good Luck.

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Here is Today's Market Summary:

The market dropped for a third day on Friday on worries about the Italian banking sector and Greece's debt crisis, but the S&P; 500 managed to hold its 200-day moving average again. The Dow dropped 115.42 points, or 0.96 percent, to 11,934.58. The S&P; 500 fell 15.05 points, or 1.17 percent, to 1,268.45, and the Nasdaq lost 33.86 points, or 1.26 percent, to 2,652.89.

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Originally Posted by darkhunter139

How much money should you have available to invest if you want to get involved in the stock market? Just curious.


Hi Darkhunter - thanks for your question.

It all depends on what your objectives are. If you're looking to make a
living trading the markets, I'd suggest having at least $100K. If you are
looking to invest in the markets longer term because you're bank won't give
you any return, then I'd say you could start with any amount. I'm assuming
from the question, you've never invested in the markets. With the
proliferation of the internet and online brokerage accounts, it has become
much easier for everyone to tread into the stock market and MUCH CHEAPER.
Back in the day, you probably needed a few thousand dollars to justify the
cost of the brokers commission, but today, you could buy stock for pennies a
share (from a commission standpoint), making it possible to get started (as an investment) with just a few
hundred bucks. But, I'd view your start in the markets as just that, a
beginning to the lifelong journey of navigating the stock market. Just
realize this, the market is filled with sharks and doesn't exist for you to
make money, so when you are just getting started, invest in companies you
know, like and trust, companies like McDonalds, Disney or Home Depot. As you
become more experienced, you could start branching out into hopefully, the
next McDonalds, perhaps a Chipotle Mexican Grill or Imax. Good Luck.

Dave

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Originally Posted by StockPlaybook

Hi Darkhunter - thanks for your question.

It all depends on what your objectives are. If you're looking to make a

living trading the markets, I'd suggest having at least $100K. If you are

looking to invest in the markets longer term because you're bank won't give

you any return, then I'd say you could start with any amount. I'm assuming

from the question, you've never invested in the markets. With the

proliferation of the internet and online brokerage accounts, it has become

much easier for everyone to tread into the stock market and MUCH CHEAPER.

Back in the day, you probably needed a few thousand dollars to justify the

cost of the brokers commission, but today, you could buy stock for pennies a

share (from a commission standpoint), making it possible to get started (as an investment) with just a few

hundred bucks. But, I'd view your start in the markets as just that, a

beginning to the lifelong journey of navigating the stock market. Just

realize this, the market is filled with sharks and doesn't exist for you to

make money, so when you are just getting started, invest in companies you

know, like and trust, companies like McDonalds, Disney or Home Depot. As you

become more experienced, you could start branching out into hopefully, the

next McDonalds, perhaps a Chipotle Mexican Grill or Imax. Good Luck.

Dave



what type of return are you projecting based on 100k?

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Originally Posted by Lefty-Golfer

what type of return are you projecting based on 100k?


That really depends on your investment objectives and your risk tolerance.

Are you looking to be a active day trader, swing trader, or an investor?

Are you going to use margin?

Are you going to hedge your portfolio against any unforeseen risk with the use of options or futures contracts?

The reality is that all of these questions and more come into play - in our experience, over the last 6 years since we launched The Stock Playbook, our subscribers across the board have averaged about 25% annually.

Now in some years, like in 2008, they made a lot less, and in others like last year, they made a lot more.

As I said before, it all depends on the individuals approach to the market, investment objectives and risk tolerance.

Hope that helps.

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Here's Today's Market Summary


The market closed higher on Monday as signs that a widespread European debt crisis could be averted helped send stocks up. The Dow rose 108.98 points, or 0.9 percent, to close at 12,043.56. The S&P; 500 rose 11.65, or 0.9 percent, to 1,280.10, and the Nasdaq climbed 35.39, or 1.3 percent, to 2,688.28.

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Here is Today's Market Summary:

The market rose on Tuesday, thanks in part to signs that concerns of a global slowdown may be overblown. The Dow gained 145.13 points, or 1.2 percent, to 12,188.69. The S&P; 500 rose 16.57, or 1.3 percent, to 1,296.67, and the Nasdaq climbed 41.03, or 1.5 percent, to 2,729.31.

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Can you use the Stock Playbook to pick mutual funds or is it stocks only? If an investor doesn't want to pick stocks, what is your suggestion(s) for those people?

Alan

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Originally Posted by BigAl5150

Can you use the Stock Playbook to pick mutual funds or is it stocks only? If an investor doesn't want to pick stocks, what is your suggestion(s) for those people?

Alan

Our service is stocks only. We don't have anything to do with Mutual Funds or recommend them for anyone looking to actively manage their own money/portfolio.

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Here is Today's Market Summary:

The market closed its best three-day run in the past three months on Wednesday after the Greek parliament approved austerity measures to avoid defaulting on its debt. The Dow gained 72.73 points, or 0.60 percent, to 12,261.42. The S&P; 500 rose 10.74 points, or 0.83 percent, to 1,307.41, and the Nasdaq added 11.18 points, or 0.41 percent, to 2,740.49.

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Here is Today's Market Summary:

The market staged a stunning reversal from the beginning of the month, when the Dow dropped nearly 280 points in one day after reports showed that auto sales fell sharply in May and that private companies were hiring far fewer people than expected. The recent surge was not enough to turn the markets positive for the month, but it certainly stopped the bleeding. The Dow rose 152.92 points, or 1.3 percent, to 12,414.34. The S&P; 500 added 13.23, or 1 percent, to 1,320.64, and the Nasdaq gained 33.03, or 1.2 percent, to 2,773.52.

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