The stock market for beginners can be quite an intimidating prospect. Figuring out all the terminology and what it all means can be overwhelming. Unfortunately, you must add that once you start trading stock, you will be responsible for reporting and paying tax on your trades.Lets assume you bought and sold your first stock and where lucky enough to make a gain. Congratulations!….but you now owe taxes. You know the saying, “there are only two sure things in life……death and taxes”. Sure enough, the IRS is going to want it’s cut of that nice gain you just made. When you start stock market trading, you must be sure to keep good records of all transactions. (more…)
Archive for the ‘Stock Market’ Category
The Stock Market For Beginners and Taxes
Sunday, April 20th, 2008Stock Market For Beginners – Bull And Bear Markets
Friday, April 18th, 2008A bull market is when everyone is positive about the stock market and wants to buy stocks. A bear market is the opposite as the stock market keeps going down no matter what and people want to sell.
The stock market for beginners is a place where you need to pay attention to what is going on. During a bull market, you can probably make money from almost any stock. Everyone will want to give you their stock pick and chances are the stock will go up. All the pundits on TV will be pumping out their stock picks and you can most likely make money on any of them. Even your hair stylist may want to give you a stock tip. (more…)
Top Hot Stock – Picking Breakout Stocks .. Daily Picks
Wednesday, April 16th, 2008In the stock market its always possible to watch certain stocks go up between 30% and 80% within a few hours or days. And even when you can see stock traders that make $5000 on a single trade, it is also not unusual to see beginner investors lose a great deal of money because of a series of unwise decisions.
The problem is that if you don’t know how to choose among stocks & how to properly approach them you could end up wasting good money instead of increasing your profits.
You can’t just trade stocks like if you where gambling in Vegas.
The rules and the opportunities are the same for everyone, so either you are going to make money when you pick a stock and make a trade or you are simply going to lose it in favor of the more seasoned ones. (more…)