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(19-12-2010, 12:32 AM)taka666 Wrote: Everyone needs to start somewhere.
And it must be commended that they are starting young as time is an investor's best friend.
I'm speaking up for and defending the youngsters.
All the youngsters, holla!
I understand where Arthur-san is coming from. I too get wary when I see the Handbook for Stock Investors hit the top 10 list for non-fiction books every sunday for several weeks at a stretch.
PS: Not that I'm old or experienced but from someone who was afraid to get into the water long ago and now wading around in the shallow pool, I guess this is just some words of encouragement.
But having said that, youngsters should not be discouraged. There is no better time to start. The only good time to start is while you're young.
If you have say just 10K, while it may seem like a lot now, and one may lose it all due to inexperience or may face nightmar-ish situations (this point I experienced personally when I bought into the market on the last trading day right before Lehman Bros annouced bankruptcy) but as long as you don't bet the ranch in the sense one loses it all mentally and financially, your earnings potential when working life starts will render all that inconsequential and one would have come away from it all a more intelligent investor.