So like many others that bounce in and out of here, I'm looking for advice. Not even sure the right questions to ask. I'm a student with some savings, always wanted to invest but never had the funds until now. Couple months ago, I dropped into Scottrade and invested roughly $5500 into Apple and Tesla (don't judge, :P). I've gained an okay amount ($600-) but for 2 months, I feel like I could be doing better.
Is this a good start or could I be using my time/funds more wisely?
If I leave the above positions alone- would $2k be enough to play around in other companies safely? Any advice which ones?
Taxes- in the US for an unemployed student, what are the taxes I'll be looking at if I trade short term?
Consider this- if I buy 1 share at $100, then 1 share of the same company when it's $200. How are the earnings calculated? Am I shooting myself in the foot doing this? And can I specifically sell the higher priced share or do they both average out?
Lastly, knowing what you know now about the market, what would you do? I'm not looking for a magic bullet to double my cash but what is the most ideal way to maximize my efforts?
Sorry for all the questions, any advice is appreciated. Thanks guys.
Submitted August 04, 2014 at 11:25PM by oTHEWHITERABBIT http://ift.tt/1p6AqqB
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