Why you should be wary of MSN's "Stock Scouter" system

Although the "Stock Scouter" system often will give you a good rating for sound long term investments, it is not always correct. For example IAG was rated a 9 back on 9-18-06 but now has dropped to a 4 and fallen around 20%. Also, PD (now FCX) was rated a 6 then rose 24% until it was bought out. My point, trust your own instincts.

Markets Open Higher

Well the market seems to be making a rebound this morning based on a new report of strong retail sales. Hope the interest rates don't come back to haunt us......

Another Sad day for the Sensative Market

[BRIEFING.COM] Stocks tumbled Tuesday as a market increasingly sensitive to rising interest rates used the latest uptick in bond yields as an excuse to take some more money off the table. The S&P 500 paced the way lower among the majors as all 10 of its sectors closed sharply lower. Only four of the 147 S&P industry groups finished higher.

Well I have been noticing lately that the market has been increasingly sensitive to these reports of raising interest rates. But this tide shall pass. And yet even with these falls. Most metals, excluding steel, have been doing well like one of my personal favorites, FCX. How do you think the market is going to do in the next few weeks? Feel free to post your comments.

Have you started your portfolio yet?

The great way for young investors to begin their small portfolios and put them into the investing world is to use an online brokerage. They have very low commissions and often no account minim. Sharebuilder is good for IRAs but the best for general trading is Sogoinvest.com which has just $3 commissions when buying or selling. Sharebuilder is good for low trading volume since it cost $15 per a sell which is a real time market order.

What are your strategies for building wealth?

As a youth its hard to see into the future and try to see what is the point of saving and investing this early but trust me, not to would be one of the biggest mistakes of your life. Start your promising financial career now (with a little help of course) using careful planning and getting out into the world to experience it all. Here is a great website for young investors: www.fool.com/teens/teens.htm