What stocks do you recommend for newbies looking to get their toes set in the stock market gameMY HOW TIME FLIES! HERE WE ARE!!!!!!!! Its been almost a year since this post recommended those 3 "VERY ATTRACTIVE" biotech stocks. Anyone who read and trusted this advice is now BrOkE as hell and PISSED off, cause 2 of those three recommended stocks have essentially lost all their worth and the other has lost about 60% of its worth.
If I'd been online then to have read this when it posted I'd have countered that biotech stocks are to be avoided like the plague, ESPECIALLY for beginners, unless you REALLY know the business well! Never invest in bios on a whim or a tip or blindly or you'll likely lose all your money! Be careful out there, this aint play money. You can make a LOT of money and you can really fuck yourself in the market. Learn the rules and strategy BEFORE you pay the game!
upload a gif
Yeah I did a Google search on index stocks and couldn't find anyone who earned big with them. If I has 5000$ to invest. Which stock would you recommend. I keep seeing Amazon being recommended here.You keep saying that dude and I STILL say.... that aint advice! What index fund? You answered a guy who asked where to invest and your answer was get an index fund. Thats like saying BUY A STOCK. There are hundreds if not thousands of index funds. Some do fairly well some do miserable. Index funds cannot mathmatically outperform the market and the market averages 9 to 10 percent a year. Even if you get the 10 percent which nobody can guarantee, your costs leave you pretty flat. Lets take an example. You invest 10 thousand dollars. The index performs at 10% in a GOOD year so you profit 1000 dollars. Right? Now, most of us are in the tax ballpark of 33% give or take. That means that thousand is now 660 dollars after taxes. Inflation in the US averages 5% a year, so your total investment of 100 thousand plus the 10% capital gains amount loses another 50 dollars so your net profit is 610 dollars! That suits you? To make 610 dollars a year on ten grand? Not me! And thats a GOOD year! It can be lower, but never higher cause Index Funds can never out-perform the market! What Warren Buffet is saying if you listen is directed to people who dont know what they're doing. Listen to your own video. IT starts with him saying "The average person doesnt know what to buy or when to buy it so index funds gives them an avenue to save" Thats true for people who dont know what they're doing. Is that the path you want to take.... The path that people who dont know Jack take? I'm saying take the time to learn the market. It aint brain surgery. I've made over 60 thousand in under 6 years starting with 5 thousand. If I were in an index fund my money would be fairly safe but I MIGHT have about 10 thousand by now. Warren Buffet does not do index funds. What does that tell you? I have stocks that are invested by Buffett. Buffets billions are in Berkshire Hathway. He is the controlling shareholder of GEICO, Dairy Queen, Kraft, Heinz and more. BTW what Index Fund are you invested in?
upload a gif
I'm interested,please share
Hard to say. Depends on your situation. If you're new then the best stock is whatever your favorite publicly traded company is. Don't worry about winning or losing now. Start with a small investment and have fun while you watch read and learn. Follow your stock and learn how stocks react to changing market conditions and national and international news and events. In a few months you wont need suggestions. You'll already have a strategy in mind. My first two stocks 6 years ago were Jones Soda (JSDA) and Wendy's (WEN), not cause I knew what I was doing, but because they were my favorite companies. Jones did me well, Wendy's stayed flat at about 5 dollars a share but started growing right after I sold it a year later. I hold neither anymore. My take is stay away from Mutual Funds unless they're offered at work with MATCHING CONTRIBUTIONS by your employer. Stay away from Index funds, CD's, Bonds and bond funds, Money Markets and all that. You can do these later but giving your money to a fund to control, you'll learn NOTHING and wont be an active participant and therefore will probably save a lot less. No to mention your gains are usually more limited but they are a bit safer. Start slow and learn how to actively trade. Mutual funds and index funds are geared for people who dont know much about trading so they need someone to invest their money (for usually hefty fees) , people who are near retirement and cant take any risks at this time and people who invest automatically through their jobs. The rich don't do them by and large, because they limit what you can earn in exchange for relatively more safety. But the other guy is right in a way. If you're not going to learn what you're doing then funds beat nothing. Only fools have significant amounts of money in a bank right now. Nobody can guarantee shit, not even Warren Buffett. I have a LOT of my money in Volkswagen AG (VLKAY) but I bought it after it nosedived due to the emission scandal. I have Berkshire Hathaway. (BRK.B) and NanoVericides (NNVC). Also hold a REIT fund (VGSIX). Plus a 403B at work thats in a Dodge and Cox Fund. I'm swearing the Volkswagen will make bushels for me within 3 years. I'm sure I'll hear about it around here if I'm wrong but I thought it out well. The REIT is making all kinds of gains in the few months I've owned it. The NNVC is scaring me to death but I have Stop-Loss orders in place so I will only lose so much blood on it if it takes a shit. That's MY portfolio right now. Not recommending anything, just saying what I'm holding. By the way if you invest in stock ONLY do so by setting up a ROTH IRA. NOT an investment account. The ROTH will allow you to invest up to 5K a year, more if you're old. Any money you invest beyond 5K will have to be in a traditional account. The ROTH will save you taxes galore if you do it right. Matter of fact, you wont pay any at all on your gains if you're patient.
upload a gif
Hard to say. Depends on your situation. If you're new then the best stock is whatever your favorite publicly traded company is. Don't worry about winning or losing now. Start with a small investment and have fun while you watch read and learn. Follow your stock and learn how stocks react to changing market conditions and national and international news and events. In a few months you wont need suggestions. You'll already have a strategy in mind. My first two stocks 6 years ago were Jones Soda (JSDA) and Wendy's (WEN), not cause I knew what I was doing, but because they were my favorite companies. Jones did me well, Wendy's stayed flat at about 5 dollars a share but started growing right after I sold it a year later. I hold neither anymore. My take is stay away from Mutual Funds unless they're offered at work with MATCHING CONTRIBUTIONS by your employer. Stay away from Index funds, CD's, Bonds and bond funds, Money Markets and all that. You can do these later but giving your money to a fund to control, you'll learn NOTHING and wont be an active participant and therefore will probably save a lot less. No to mention your gains are usually more limited but they are a bit safer. Start slow and learn how to actively trade. Mutual funds and index funds are geared for people who dont know much about trading so they need someone to invest their money (for usually hefty fees) , people who are near retirement and cant take any risks at this time and people who invest automatically through their jobs. The rich don't do them by and large, because they limit what you can earn in exchange for relatively more safety. But the other guy is right in a way. If you're not going to learn what you're doing then funds beat nothing. Only fools have significant amounts of money in a bank right now. Nobody can guarantee shit, not even Warren Buffett. I have a LOT of my money in Volkswagen AG (VLKAY) but I bought it after it nosedived due to the emission scandal. I have Berkshire Hathaway. (BRK.B) and NanoVericides (NNVC). Also hold a REIT fund (VGSIX). Plus a 403B at work thats in a Dodge and Cox Fund (DODGX). I'm swearing the Volkswagen will make bushels for me within 3 years. I'm sure I'll hear about it around here if I'm wrong but I thought it out well. The REIT is making all kinds of gains in the few months I've owned it. The NNVC is scaring me to death but I have Stop-Loss orders in place so I will only lose so much blood on it if it takes a shit. That's MY portfolio right now. Not recommending anything, just saying what I'm holding. By the way if you invest in stock ONLY do so by setting up a ROTH IRA. NOT an investment account. The ROTH will allow you to invest up to 5K a year, more if you're old. Any money you invest beyond 5K will have to be in a traditional account. The ROTH will save you taxes galore if you do it right. Matter of fact, you wont pay any at all on your gains if you're patient.
upload a gif
You didn't see gas prices sky rocketing once it started warming up??
Thats why I bought I figured with summer coming and prices would spike, thay along with the new model launch and me being in Dallas TX of all places and seeing p85s everywhere
Two investments: Sprint & WWE. Lost with Sprint,(10 shares) WWE bought at $10.90 now at $16.85 (30 shares)The fact that the OP posted something from the scamming Jew Cramer just goes to show how lost most people are about stocks.
Clueless in here posting bullshit about index funds
This is my screen Flawless. Wheres yours? Post your portfolio or be quiet and learn something.
upload jpg
to be fair any idiot who was invested in the market after the 08 crash would have had good gains in their portfolio. It would have been real hard to not make any gains.Forgiven. And I'm not an expert by any means. I know some stuff and I will share that that I can and help brothas get started if they wish. But I started with 5 grand 6 years ago and I've done pretty good. Keep in mind that the market has been a bull market for the longest stretch in history uninterrupted. Like 5 years straight. Thanx Obama! And by the way.... Its 70 grand!Gotta crash.
From Cramer's advice? Just search "Cramer Bear Sterns" or "Cramer Walter Energy"
I bought Sprint because I heard talk of a merger and I was trying to benefit off of that... That merger never happened and I was stuck with useless Sprint stock hoping that it rebounds which I don't think it ever will. I bought WWE when the stock dropped by half and they said Vince McMahon lost millions of dollars when it went from $20 plus to around $10.50. If I would have had the money I would have bought more than the 30 shares I got.
Heres your good news ... Even though you done lost about half your money in 3 weeks, at least you didnt lose it all.
Interested...how can I pm an email address?
