How to Get Rich Off Stocks – 10 Steps to Begin Now
Getting Started on Your Journey to Stock Market Riches Below are 10 steps to get you started on your journey to stock market riches. As all seasoned investors know, the stock market goes up, and the stock market goes down. You can even choose index funds based on specific performance, like growth stocks or high dividend stocks. If you're serious about investing in the stock market, and especially about getting rich, investing through a tax-sheltered retirement plan is one of the very best strategies. The first is to diversify among stocks and stock sectors. You can create individual portfolios, called "Pies", which you can stock with up to 100 stocks and funds. Jeff Rose himself had a very bad experience buying a penny stock, which he documented in his article Penny Stock Debacle: How I Lost $5,000 and You Can Avoid It. You should read the article to be aware of the pitfalls of penny stocks.