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Speaking as someone who
has been actively playing this game (mostly US equity market) for the last 7 years, I do not recommend newcomers risk their hard earned money by investing in stock market by themselves. This year and next year are particularly bad for stock market because the global economy will go into deep recession./ X/ d2 n+ ?8 @/ f0 _9 y H; v
; |1 c( X8 r4 W" s; {Stock trading is inherently very risky business, even for professionals. That's why some successful traders would retire after they make a fortune. 5 k, k+ v7 ^1 E" n6 {; T
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If one really wants to dip his toes into the market, I strongly recommmend him do his homework first and practice his trading skills only with blue chip stocks, i.e., Microsoft (MSFT), Altria (MO), Procter Gamble (PG), etc.
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The market is full of con men who are eager to take money from novice. In fact, most financial institutions frequently conduct dirty business. They often put out buy recommendation while they are unloading their shares, downgrade stocks while they are busy buying up shares from small shareholders. |
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