Chris: you're right. I'm going to call my broker cash in my stocks. I'm not taking any more with my savings Susan: You re wisher than most people I know. Sometimes it's better to play it safe. Now Your Turn A: Hey, Jack, I hear you become a millionaire by investing in the stock market But I al ways lose money in the market. Can you give me a few tips? First of all, lets look at the stock listing in todays newspaper A: Wow, the stock market dropped again B: What stock did you buy A: BCD B: How many points did it lose this time? B: Lets see... Thats a drop of nearly five percent A: Oh, there goes a lot of my money. I' m thinking about pulling out of the market. B: Before you get upset, I'd like to give you some advice A: What's that? B: Well, the market is cyclical. Through you're losing money now, your stock may gain in future Personally, I believe your stock is a good one. You'd better keep it until it B: Lets look at XYZ stock. It's now a junk stock, but it's been low for a long time. It may climb up at any moment A: So, I'll buy it and wait for it to go up B: And cash in your stock when it reaches a point that is high enough to give you a profit. My asic principle is to buy at the bottom and sell at the peak A: I see. I'll buy low and sell high. But what if XYZ plunges again after I buy it? B: You have to take changes. There's al ways risk in the stock market Let's talk Gregory: I've been thinking about getting into the stock market, but I dont know where to start What do you know about buying stocks? Sylvia: Well, I have a few investments, so I know a little about it. Now it is probably a good time to invest. The market is low, prices are probably pretty good Gregory: So you mean it's high time to enter the market? What kind of stock do you suggest? Sylvia: I won't recommend any specific stock. You have to make the decision on your own. If you want to make money quickly, you could try speculating Gregory: What do you mean by speculating? Sylvia: You buy stocks that go up quickly for a fast profit Gregory: Isnt that risky? Stocks that go up fast also tend to go down fastChris: you’re right. I’m going to call my broker cash in my stocks. I’m not taking any more changes with my savings. Susan: You’re wisher than most people I know. Sometimesit’s better to play it safe. Now Your Turn A: Hey, Jack, I hear you become a millionaire by investing in the stock market. But I always lose money in the market. Can you give me a few tips? B: First of all, let’s look at the stock listing in today’s newspaper. A: Wow, the stock market dropped again. B: What stock did you buy? A: BCD. B: How many points did it lose this time? A: More than a hundred. B: Let’s see…That’s a drop of nearly five percent. A: Oh, there goes a lot of my money. I’m thinking about pulling out of the market. B: Before you get upset, I’d like to give you some advice. A: What’s that? B: Well, the market is cyclical. Through you’re losing money now, your stock may gain in future. Personally, I believe your stock is a good one. You’d better keep it until it goes up one day. A: So I can’t make money in a short time? B: Let’s look at XYZ stock. It’s now a junk stock, but it’s been low for a long time. It may climb up at any moment. A: So, I’ll buy it and wait for it to go up. B: And cash in your stock when it reaches a point that is high enough to give you a profit. My basic principle is to buy at the bottom and sell at the peak. A: I see. I’ll buy low and sell high. But what if XYZ plunges again after I buy it? B: You have to take changes. There’s always risk in the stock market. Let’s Talk Gregory: I’ve been thinking about getting into the stock market, but I don’t know where to start. What do you know about buying stocks? Sylvia: Well, I have a few investments, so I know a little about it. Now it is probably a good time to invest. The market is low; prices are probably pretty good. Gregory: So you mean it’s high time to enter the market? What kind of stock do you suggest? Sylvia: I won’t recommend any specific stock. You have to make the decision on your own. If you want to make money quickly, you could try speculating. Gregory: What do you mean by speculating? Sylvia: You buy stocks that go up quickly for a fast profit. Gregory: Isn’t that risky? Stocks that go up fast also tend to go down fast