Hello,
I'm a 20 year old European arts student. I want to make some extra money cause i have some sitting in the bank doing nothing. Important to know is that i have basic knowledge when it comes to economics but know almost nothing about investing
A "friend" (i used to be good Friends 5 years ago but lost touch, he went through a lot of trouble and we lost contact) of mine told me i should just buy some shares of the big company's like Google and Apple because they will "always rise in time" and just wait until i make a decent profit to sell them.
It works for him but i'm very suspicious because i don't trust him. And it can't be that easy to just buy 1000€ shares, wait a week and make a profit. Right?
I installed the Etoro app because several people i know who do shares have that same app. I'm now in a virtual world where i have $100.000 just to experiment some.
What i don't understand is that when you buy shares, you immediately lose some money, is this because of fees? Or how does that work? I never sold my virtual shares yet but are there special things to note about that to? Do you get the money immediately in your bank of how Will it go?
Does someone have tips and knowledge for a beginner invester just so i know what i'm dealing with before i start using my real money.
And could you please be as clear as possible because i'm good in English but i know there's gonna be a lot of new diffucult economic terms and i want to know the in's and out's as good as i can.
Thanks for reading and thanks in advance for anyone who will help me.
Greetings,
Submitted April 05, 2019 at 07:29AM by joske707 http://bit.ly/2TWOl5c
