Investment Schemes for the CRAZY college student....

we use virtualstockexchange.com as a practice site, its pretty helpful, everything is realistic, fees, rules, so try it out on that first before using real money.

 

I did the console thing last year, with the slimline. Well, sorta. I bought one and then decided that I was too broke to keep it (well my girlfriend thought it was a bad idea when I brought it home). Sold it on ebay for 2x as much as I bought it, which basically bought a lot of the Christmas presents I was buying.

 

$500 - it might be good to invest that in a few investing books.

Rich Dad / Poor Dad
Investing for Dummies

anything to at least get you going in the right direction.. You dont want to continue getting your investing advice from guys on the Net.

J

 

If you had a $1000, you could buy a Treasury Bill or Note.

Your best bet may be an insured bank CD.

BTW, stocks need an investment horizon of minimally 5 years, preferably 10 years.

 

give all your money to harry potter

 

I second using those simulated trading sites. I paper traded for a full two years, before I got my trading regime in order. Or you can buy some penny stocks, which should hit it big soon. Email me.

 

line betting for the texas v kansas game is dicey. i don't know about the rest.

 

Oops.

 

a C.D. is your best bet...

just get one that rolls over ever 3 or 6 or 9 months, that way you can pull your money out if you are in an emergency...

I have a C.D. that I started with $1000, I put in $500 every 6 months or so and it is up to $6000 and rising, I make almost $50 every three months, and that number will rise as well...

 

ok well who knew tech would flat out lose...but that texas and over was $$$

 

Speaking of betting, I bet you remember the games where you would have been right way longer than the games where you would have been wrong.

The same advice for stock trading goes - paper trade against the spread for a couple of years and then see how you are actually doing. This will represent your success without emotions being involved.

Once your money and emotions are involved, if you perform as well as your projection, you will be the exception to the rule.

Good luck =)