I get hundreds of emails a day from members, and a common question is “I have 10k what stocks should I buy?”

This is an impossible question to answer and the people asking probably shouldn’t be investing. Let me explain why.

If you’re a new investor and you want to put money to work you need first need to answer a few questions.

What is my risk tolerance, this basically means how much are you willing to lose. More risk tolerant investors can make concentrated bets on more volatile stocks, and those conservative players will want to diversify their accounts into slow moving stocks.

What is my time horizon? This means how long do you want to be in a stock. When do you expect your investment to reach it’s objective. Long term investors will want to focus more on fundamentals while short term investors will look for momentum stocks.

What is my objective? Setting a profit target will determine the type of stocks you want to buy.

Once these questions are answered then I can give you my best opinion.