Advice for the Novice Investor - TheStreet

Advice for the Novice Investor

Investing might seem like a way to make "easy money," but it takes a lot of hard work.
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Updated from 7:06 a.m. EDT

By Stockpickr Guest Columnist Gino Lattarulo

When I first started learning about investing -- which is to say, when I knew zero -- I was a young, starving musician signed up with mp3.com. If you remember this company, you know that when it went public it offered any musician on its roster the IPO price of $28. I thought, "Sure, why not? This technology is going to revolutionize the industry." (Understatement right?) So I put all my money on the line, bought $5,000 worth of stock and watched it open around $100 per share. "Wow," I thought. "This investment stuff is easy! I am in. Who do I give my money to next? I want the next

Apple

(AAPL) - Get Report

,

Research In Motion

(RIMM)

or

Qualcomm

(QCOM) - Get Report

."

I dreamed of the day soon when I could get out of bed, lumber to the computer in my boxers and bunny slippers, make a few grand on

Microsoft

(MSFT) - Get Report

,

Intel

(INTC) - Get Report

,

IBM

(IBM) - Get Report

or

Oracle

(ORCL) - Get Report

, and enjoy the rest of the day. That's what everyone wants, right? That's why many of us get into this giant roulette wheel of stock trading in the first place.

To read more, including thoughts on the above stocks, please click here.

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