Bears
& Bulls
Risk Free Investing in a Changing Economy
By: Sanyika
Calloway Boyce
Page 1 of 2
Risk
Free Investing. Is that possible in this war of the bull vs.
the bear? As African Americans we have been cautious, to put
it mildly, to do anything that seemed too "dangerous"
or too "risky" and as a result we entered the stock
market at a time when our white counterparts had already taken
full advantage of it's hefty gains. Now that the economy seems
to be slowing and the market is in a state of flux as investors
become aware that what goes up must (and will) come down.
To
invest or not to invest, that is the question. Will I loose
all of my money or should I take advantage of the low stock
prices and attempt to "buy low and sell high" in the
future? These and more pressing questions are weighing on potential
investor's minds. Make no mistake, investing makes sense. More
people of color should consider a long-term investing strategy,
understanding that could mean making a commitment to the future
and letting the market run it's course (especially during times
such as these). Before allowing fear and bad advise ruin your
chance of getting high returns on your investments, potential
investors should consider this.
With
today's technology, it is possible to see the outcome of a potential
stock trade without ever having to place an actual order. You
no longer have to wonder if that hunch you had will pay off
or if the company you're interested in is a good, solid investment.
Everyone with Internet access should consider opening a virtual
stock portfolio. When you create an investment portfolio online
you can create a wish list of stocks or mutual funds. It can
also track stocks you already own.
The
ability to track stocks online for no cost eliminates the excuse
of not having any money to invest, and the fear of loosing your
hard earned money. All it will cost is a little time, but the
reward is an increased knowledge about the stock market's tendencies.
There
are hundreds, if not thousands, of web sites that offer free
stock tracking. A couple of my favorites are: http://finance.yahoo.com
and www.cnbc.com. There is also a section in America Online
to track your stocks called "My Portfolio".
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