How To Become A Stock Market Stud

Need a little extra cash? Maybe you’re looking for a little financial windfall in the stock market. But how to do you know what stocks to buy? CEO of MyTrade, Andy Swan sent us a list of suggestions on how to become a stock market stud.

FULL TRANSCRIPT

Hi, I’m Nikki Key and you’re watching The Daily Idea.

Everybody likes money, right? I mean, even the sketchiest of characters can become at least semi-interesting with a wad of cash.

But let’s face it, not everyone can win the lottery.

So all of us regular folks looking for a little financial windfall turn to the stock market. But how to do you know what stocks to buy? Well, while our cracked team of researchers spent all week at the Circle K playing scratch-off games, alert viewer Andy Swan sent us a list of suggestions. Today’s Daily Idea is how to become a stock market stud.

Ignore your uncle.

Chances are you have an uncle or other relative who acts like they know everything about everything. Stock tips rarely work out and if you take one from a relative, you’re setting yourself up for additional family stress. And besides, if Uncle Al knew so much about the stock market, he could afford some cologne.

Listen to kids.

While this may sound a bit counter-intuitive, thing about it. Kids aged 12 to 17 are always hip to the latest in technology. If you paid attention when your younger cousin said,

“Check out this new thing they call and i-pod,” and you bought stock in Apple the next day, you sir, would be partying like a rock star.

Paying attention to teenagers would have also paid off if you overheard them talking about some new game system Nintendo was creating called the Wii.

Sure, Apple and Sony were established stocks when those gadgets came out, but the good stocks only get better when the company introduces innovative new products.

And it was teenagers who started the trend that we’re sure will one day end the world: Crocs.

Avoid cheap stocks

Most first-time investors make the same rookie mistakes and one of them is buying cheap stocks. Cheap stocks are cheap for a reason. Most novice investors thought Google was too expensive at one-hundred dollars per share when it first went public. But a $2,000 investment then is worth $14,000 just three years later.

Please tell me you didn’t spend your $2,000 on shares of Furby.

Don’t be afraid of the new highs

When a company reaches a new high in their stock price and they have a strong reputation, chances are the stock is going to continue to rise. These are companies that are doing well. If they are a small company whose stock has climbed rapidly, there’s a good chance someone big will buy them. That means the stock price is likely to go up or you get shares of the larger company and-or money for your stock to boot.

Think of it as trading up.

Take Andy’s tips to heart, research your stocks before you buy and only play within your budget and before you know it, you’ll be a stock market stud.

And that’s another Daily Idea.

How to Shop on Black Friday

black-friday-2015

What’s the best thing about Thanksgiving holidays? Black Friday Sales! Do you flock to your favorite retail outlet to find the year’s best deals? If so, let Daily Idea suggest a handful of survival tips to make your shopping experience a little less frantic.Link Resources: MSNBC, BlackFriday.info, Black Friday Ads

Wal-Mart Black Friday Ads Leaked: Know More Media, Marketing Blurb

FULL TRANSCRIPT

Hi, I’m Nikki Key and you’re watching the Daily Idea. As we approach Thanksgiving, let’s take a moment to give thanks for the important things: life, love, good health and fifty percent off everything in the store. Yes, gang, it’s almost Thanksgiving, or as I like to call it, Fat Thursday. The best part about Thursday is, well, Friday. Black Friday to be exact. Hundreds of years ago, Black Friday may have been synonymous with some pestilence, but these days Black Friday is the day when retailers begin turning a profit for the year. Maybe you’re one of the millions of Americans who awake from your turkey hangover to flock to your favorite retail outlet to find the year’s best deals. If you are, let Daily Idea suggest a handful of survival tips to make your shopping experience a little less frantic.

First of all, if you suffer from agoraphobia, Black Friday isn’t for you since you’ll spend the entire day surrounded by crowds. And some of them won’t be happy about having to wait in line to fight for the last Tickle Me Elmo…now with leather pants. Start by mentally preparing yourself for the shopping equivalent of a mosh pit.

Now that you’re ready for the grind, plan a strategy based on the items you want to buy. If you want specific information about a product category, consumer reports dot com is a great resource for figuring out which digital camera or dvd player is the best value. Other sites like about dot com or amazon dot com offer thousands of user product reviews. Do some research online to help you narrow down your list of items.

Now, get the Thanksgiving Day newspaper and flip through all of the ads. Once you’ve gone through the ads, you’ll want to consult an online price comparison website, such as shopping dot com or bizrate dot com so you can avoid overpaying during your shopping frenzy. Be sure to take the ads with you to avoid any disputes over the price of an item that should’ve been marked down.

Many retailers offer deeper discounts if you’re willing to come in at absurd hours. Decide which locations are worth standing in line in the dark and which locations you’ll take your chances on later in the day. Then make your list and plan your shopping route hour by hour. If you’ll be up before the sun is, dress in something comfortable and warm since you’ll probably be standing outside in the cold. If you live in southern California, dress in as little as possible just as you normally would and wear sunscreen. Comfortable shoes are a must, but no Crocs, please. Can we all agree Crocs are so nineteen ninety never?

If you’re feeling particularly chipper, Laura Coffey of MSNBC.com suggests you make friends with people in line. She believes “a spirit of camaraderie will not only make the long, dark wait more pleasant — it also could prove to be a godsend if you must give up your place in line so you can run to the bathroom.” Ok, good point, but if you intend on throwing elbows and cursing at woman and children once you’re inside, I’d suggest you just keep to yourself in the parking lot.

We hope these survival tips come in handy. If you chicken out at the last minute, remember you can always shop online this year.

And that’s another Daily Idea.

How much should you tip?

Tipping is tricky because a lot us don’t always know when to tip, who to tip or how much to tip. We’ll help you make sense out of this topsy turvy world and today we’re going to tackle tipping.For more information, check out The Simple Dollar and Personal Finance Advice.

Full Transcript

Hi, I’m Nikki Key and you’re watching the Daily Idea.

When you got your last mortgage statement was there a little smiley face on the bill? What about the last time you were at the DMV? Did the surly woman behind the counter smile and say, “Come back and see us”? How about the last time you went to the movies with a group of friends? Did you pay an extra eighteen percent because you were with a group of six?

We associate all of those things with the service industry and they all relate to tipping. Tipping is tricky because a lot us don’t always know when to tip, who to tip or how much to tip. The guy who reads your water meter provides a service, but you don’t tip him and you don’t send in a little extra for him on your monthly bill. But you do tip a bartender for giving you a drink you’re already paying for. Strange. Continue reading