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[quote=Anonymous]Decide to be a capitalist. Be prudent which means do not waste money. Buy reliable cars and drive them as long as possible without making car payments.  Drive them into the ground.  Carry no credit card debt.  Open a brokerage account. Buy dividend yielding stocks and ETFs.  Reinvest your dividends into the same companies or other dividend yielding stocks. Diversify your portfolio. Use common sense. Know that you are a smart person. Buy stocks in companies that sell products that you like, respect, and anticipate will be around for a long, long time.  Don't chase companies like Apple. It is a great company and it maybe around for a long time, but the public is fickle. Technology can change rapidly and Apple is only as good as it's next product cycle.

Don't even try to be a day trader unless you are very smart and very courageous, because you are not trading against people, you are trading against computers that have no emotions and more money than you can imagine. The computers can buy and sell millions of shares per day often times profiting only fractions of a penny per share on their trades.  Most people cannot day trade and beat the programed trading of investment firms and hedge funds

However, in the long run over time the true value of stocks are revealed and the small investor/capitalist can become wealthy.  The key to acquiring wealth is to get started now by reducing spending, opening your first brokerage account, buying dividend yielding stocks, reinvesting dividends, accumulating a steady stream of income and eventually using some of that income stream to invest in some more speculative companies.

You need knowledge, balance, and a little bit of courage. [/quote]

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