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Sunday, October 25, 2009

Stock Market Investing - Some Ideas

I have a lot of friends who always ask me, how do you make money in the stock market. I'm not a professional stock broker by any means but I tell them, very carefully. I've had discussions with them on what a good idea would be for helping to make that money from the stock market. The result of the discussion is, people should get together and pool their resources. I'm not talking about their money but their tools. Me for example, I'm subscribed to the Motley Fool's Income Investor and Motley Fool Options. I love both of these subscriptions, I'm not starting out with much and thankfully I have a lot of patience because I know I'll need it. I also have two brokerage accounts, Scottrade and optionsXpress, there both in good standing. If someone I trusted was interested I'd have no problem sharing these resources if that person is willing to share as well. If you get enough people with different resources and pool them together, well in my opinion, there's no reason why they couldn't make money. I think the biggest issue here is the trust among strangers, once you get passed that it can be very profitable for everyone.

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