She made her first million in the stock market by the age of 30, and today Hilary Kramer is helping other people make money as the finance editor for America Online. Jean talks with Hilary about tips for making money in the stock market and about her new book, Ahead of the Curve: Nine Simple Ways to Create Wealth by Spotting Stock Trends.
Hilary says the key to picking stocks is to think long-term and look for trends before buying. She says she finds up-and-coming profitable stocks by reading several newspapers a day, doing a little investigative work on companies and always being aware of what is going on around her. From hot new retail stores and busy restaurants in her neighborhood, to trends in electronics and home remodeling, Hilary says she keeps her eyes open for companies enjoying success. "You want to look for growth opportunities in growth areas," she says.
Hilary also highlights common mistakes that can lead to money loss in the long run: