Need advice for buying stocks???

[pocket_change]

I am actually new to buying stock share, always wanted to see what it's like. From what I understand, the basic that is, you buy a share of stock from a certain company for a certain prices and you can sell it back once the price of it go up correct? but you could also lose money if the price goes down.

my questions being is i have no idea which comany will explode within the next year, all you stock experts out there, maybe you could point me in the right direction as to buy stock from which company.

Is there anything else that's important that i should know about stock, all comments are welcome, thank you...

pc

 

[GreenDoberman]

Um, very vague first post. Yes, there are hundreds of us that can tell you which stock will go up 1000% in the next year, but we are keeping it to ourselves. shhh.

 

[Hitman26]

Dude:



If we knew what stocks were going to explode, we would all be zillionaires. My best advice to you is if you want to speculate with maximum risk for maximum reward, you need to look into biotech stocks. Those are the stocks that will move violently one way or the other and the moves normally happen when the FDA apporves or disappoves their experimental drugs. If you want to play it safe and return around 7% annully, you need to buy a mutual fund that follows the S&P 500 and hold it for at least 10 years, and it should average at least a 7% return for you over that course of time.