I have 30K to use to buy stocks. I need to make lots of money quick,what stocks do I buy?

We, those answering Qs, don't know why you need it so quick. Frankly it doesn't matter.

You MUST LEARN HOW TO PROPERLY trade to make your money grow.

When you don't know what to do or how to do it, you can very easily turn that $30K into $20K and less - much less.

You might get answers like GOOG or "mutual funds" or "hedge funds". DON'T believe any of that garbage.

If I could, I would ask each of those folks, "How do you know that's the right stock or mutual fund or hedge fund to buy?" The answers will almost be as varied as the number of people you ask.

You ARE THE ONLY person who will and can PROPERLY manage your own money.

When you trade, the very first thing you do is to learn about those things NOT to do, so you won't do them too.

1] NEVER become a trader THEN a
pray-er. Don't buy stock, then hope and pray it goes up [or down]. You MUST plan your trade THEN trade your plan.

2] Never listen to the advice or recommendations from others. Whenever you get a "tip", its important for you to do the research. When the stock meets ALL your trading rules, then you invest in that stock. When it doesn't, don't buy the stock.

3] Here are some of my trading rules:
A] I WILL NOT trade
Bulletin Board [.BB - dot BB]
Pink Sheet [.PK - dot PK
O-T-C [Over-the-Counter]

B] On a consistent basis, the stock MUST trade a minimum of 400,000 OR MORE shares each day.

C] I have a certain range I will not go below:
$26.51 and less to $44.99 not more; THEN its $55.51 to $64.99.

I WILL NOT trade any stock between $45 to $55. Stocks just seem to "get stuck" in this range.

D] I WILL NOT trade when there is any REAL news about the company. This is a gray area which many traders learn about.

E] I WILL NOT trade any stock which is going to have an Earnings Announcement. This is easily found on
http://yahoofinance.com

Another great site is
http://investopedia.com

Both of the above sites are recognized as "Knowledge Contributors" on Yahoo! Answers. Both are free.

There are other rules I follow.

Here are some true trading sayings:
S1] There aren't any gifts on Wall Street!

S2] Trees don't grow to Heaven. Neither do stocks!

S3] Bulls [Buyers] earn money!
Bears [Sellers] earn money!
Pigs get fat!
Hogs [Greedy traders] get slaughtered!

S4] Plan the trade AND trade the plan!

S5] When a trader breaks his/her trading rules, he/she runs the risk of breaking his her trading account!

There are others

Thanks for asking your Q! I enjoyed taking the time to answer it!

VTY,
Ron Berue
Yes, that is my real last name!

Don't even begin. Wrong attitude. It's not a get rich quick game. It takes years to make big money on any principle. And if someone recommends stocks on the pink sheets remember most of those companies go out of business.

You DO NOT use the stock market to "make alot of money quick" there is virtually no ability to outperform the market, or act on information prior to public opinion moves a stock price. You balance your portfolio and wait.

Not the way to invest in stocks.

Get rich slow or get poor fast..

Unfortunately the market is extremely volatile. The market can drop rapidly (especially the way things have been going lately) causing you to need even more money than you have now.

If you wanna get rich quick, go to Vegas. You wanna get a 20% return in a year on your money, play the market. The stock market is a dangerous place to try and get rich quick. Put in your 30k, let it sit and turn it into 50k in a few years if you play your cards right. Doubling your money in a month in the market happens once in a blue moon. Most banks only offer 5% a year at best for your money so the stock market is a much better option...assuming you know what you're doing.

If you think you can make lots of money quickly then you are almost certain to lose every cent of that $30k....that I can guarantee you, no question!

Now if you really want to lose that cash as fast as possible, find some highly speculative penny stock and buy a million shares and start planning your trip to the tropics!

Is the 30K in pesos or Dollars?

Anything that satisfies the 50% retracement rule.

To learn this rule, google for it, or read "The Trading Rule That Can Make You Rich" by Edward Dobson.

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