Check this site out, you'll find it helpful.
http://www.fool.com/school/basics/basics06.htm
Knowledge IS Power
***Tripster's 2008 Investments (Ongoing thread)***
- Thread starter Tripster
- Start date
Check this site out, you'll find it helpful.
http://www.fool.com/school/basics/basics06.htm
Knowledge IS Power
look at it this way.
How much do you gain in interest from your bank account, CDs etc....2%, 5%
The potential to make much more than that is there but as in everything else it will take some work.
How much are you comfortable losing?
I would say start small maybe with $1000 (or any amount you could chalk up to experience) in a few stocks that you really like.
I would say as a novice the max you could lose is half your amount and that is pushing it.
When you buy, have an exit strategy. Ask yourself how much could you tolerate losing over the short term, medium term or long term. I got burned a couple of times because I fell in love with the stock and didn't sell.
Some stocks make sense but you have to realize that hot gadgets, latest fads etc translate into corporate profits then into stock increases (most times).
e.g look at Crocks (CROX), everyone was buying the damn ugly shoe but the smart people were buying the stock.
While some people were buying iphones, others like me were buying apple stock (AAPL).
After a while the things around you start to register in your brain in a different way...... not as a consumer but as a stock picker.
if you want to make some quick money on the daily basis i would pick up some of that luke entertainment stock early in the mourning and then get ride of it in the afternoons. The best performing day i saw it have so far was it opened at .44 and closed at 1.50. It is not a long term investment unless you want to hold out for them to sign a big name player, but on the short term it is good money.LKEN check it out
Sounds like a good ideal but e-trade won't let me buy them shares. It is because they are pink sheets??? Any more info on this will be nice. I'm looking at that EFTC stock and it was at 3.08 when i last checked.... Also the more shares you buy the better money you can make off of a few nickels and dimes versus dollars.....
Dow down 277 points today mostly because of the jobs report and recession fears. Sheeit...fear? We are already IN a recession...ain't nothing to be afraid of. Anyway....look for a tough day tomorrow also and maybe for the rest of the week. My orginal picks still stand. But some good stocks are getting cheap right now, because the market has a tendency to throw the baby out with the bathwater.
That being said...keep an eye on Apple (AAPL). It closed at $164 today, was $200 earlier last year. Ask me if I think its going back to $200.....YES! Might be toward the end of the year, but I'm seeing more and more Iphones in people's hands and its only getting better for Apple now that Microsoft (MSFT) is no longer going to try to compete with them in the phone market. Ain't nothing wrong with Apple, they've been killing them out there! My bet is that Apple declines a bit more to about 140-145, if it does, I'm scooping it up, not much, just enough to go on vacation with when I sell at $190-200.
As I keep mentioning, some stocks are for active traders and some are more suited to long term investments. Apple happens to be good for both types of investors, because you gotta know when the exclusivity deal with AT&T runs out in 2009, Apple will be at about $500. But you can still make money in-between the peaks and valleys before then.
Let's get it!
That being said...keep an eye on Apple (AAPL). It closed at $164 today, was $200 earlier last year. Ask me if I think its going back to $200.....YES! Might be toward the end of the year, but I'm seeing more and more Iphones in people's hands and its only getting better for Apple now that Microsoft (MSFT) is no longer going to try to compete with them in the phone market. Ain't nothing wrong with Apple, they've been killing them out there! My bet is that Apple declines a bit more to about 140-145, if it does, I'm scooping it up, not much, just enough to go on vacation with when I sell at $190-200.
As I keep mentioning, some stocks are for active traders and some are more suited to long term investments. Apple happens to be good for both types of investors, because you gotta know when the exclusivity deal with AT&T runs out in 2009, Apple will be at about $500. But you can still make money in-between the peaks and valleys before then.
Let's get it!
Good TIP Bro.. I will take some of your advice. I made $500 today. I appreciate the drop.P.s. We need more positive brothers to step up and help others.
Preciate it, fam. I'm just a crab at that has been to the bottom, so he's pulling the other crabs out of the barrel.
Good TIP Bro.. I will take some of your advice. I made $500 today. I appreciate the drop.
You made $500 on what?
Funny thing I bought some TGB today for my clients before even reading this thread. It is not a bad pick. You guys on the board should look to be defensive in the current market. Companies like Kraft foods and Sara Lee, and Harmony Gold.
Good suggestion. Also, Walmart and McDonalds.
Tripster great post. We have had correspondence on the business side of board. I am still interested in Gold as a Hedge against bad economic times. When you hear that Gold has increased by 40% last year; is that considered gold bullions/ coins. There are local gold dealers that will sell me gold coins at a premium. Normally 1-5% of the spot price of gold. They can be stored in a safety deposit box. Then resold later to the dealer at the spot price hopefully at an increase. This seems to me the easiest way to understand the way to invest in gold. ETFs are a little to technical for me; maybe I need to research these further. http://www.usmint.gov/index.cfm?flash=yes
This link can direct you to dealers for which to buy gold.
Anybody got further info on this technique.
This link can direct you to dealers for which to buy gold.
Anybody got further info on this technique.
Great thread...One thing I will say to anyone NOW entering the public markets is be very cautious, the economy may be facing some of the roughest times in quite a while. You look at all the big tech names & it's easy to think they are immune to economic slowdowns, but in truth they are the ones that take a big hit. Any company deriving most it's revenues from consumer's disposable incomes (like say AAPL), will find that less folks will be running to buy their products when they don't have that money to spend. There are sectors of the market that will do well regardless of the dowturning economy (Agriculture/Financials,yes Finacials lol,Precious Metal EFTs/Stocks).The maket is one of those bend/don't break scenarious, likely the Feds will frop rates again & stocks will push higher, but keep an eye on earnings, just today Intel missed & they got beaten down 15% down to $19, yesterday it was CitiBank, if more & more co's keep falling short, it's a very poor sign of things to come....
Some of my faves are POT,MOS,PAL,SWC (last 2 are precious metal stocks in the platinum production area...2008 should be a standout for Metals..)
Some of my faves are POT,MOS,PAL,SWC (last 2 are precious metal stocks in the platinum production area...2008 should be a standout for Metals..)
For the fam that needed a broker comparison:
http://www.fool.com/dbc/dbc.htm
By the way, The Motley Fool, is one of my favorite websites for investment information. Everything you want to know about the market, personal finance, retirement, taxes, ect. is here in plain english. Great site.
www.fool.com
Come on, let's get it! Don't get lazy, get that wealth! Nobody is going to GIVE it to you, you have to equip yourself to TAKE it!
http://www.fool.com/dbc/dbc.htm
By the way, The Motley Fool, is one of my favorite websites for investment information. Everything you want to know about the market, personal finance, retirement, taxes, ect. is here in plain english. Great site.
www.fool.com
Come on, let's get it! Don't get lazy, get that wealth! Nobody is going to GIVE it to you, you have to equip yourself to TAKE it!
Tripster: Tight post! I'm am officially a reformed lurker.
Question:
How much day-trading do you do versus long-term buys?
Question:
How much day-trading do you do versus long-term buys?
BUMP
This thread needs a sticky
This thread needs a sticky
Me personally, I day-trade about 2-3 days a week. I run a business, so its hard to do it any more than that. But it depends on the stock. Like I mentioned before, some stocks are meant to be long term holds, especially if you are risk averse.
Day trading is extremely risky, and I don't recommend it unless you are very experienced in the market, and can afford to lose a lot of money in a very short period of time and NOT put a .45 to your temple or smoke a whole "O" of some Presidential.
But seriously, day-trading can be crazy and demoralizing if you aren't careful and don't have a strategy.However, on the flip side, I've had days when I've made $50K-65K in a day, and I've had days where I've lost $15-20 IN ONE DAY. You have to have the stomach for that type of risk. Most don't. And there is NOTHING wrong with that.
Long term trading is always a better play. You pick a stock, you look at the fundamentals, you ask yourself "would I buy their product/service", you look at the performance, you see if its "cheap" and then you buy. Or if a stock is too expensive, and "over hyped" you short. Its really that simple. This is not hard stuff, it just intimidates those who aren't exposed to it. Its like riding a bike. Once you know, you know. It just takes a committment to learning and doing.
Let's Get It!
Thanks tripster. This thread should be made a sticky
Yes!
how is sharebuilder. i have acct with are they any good?
Someone explain how to short stocks
this is what i found hope it helps.
Shorting Stocks
If you buy a security with the expectation that the price will rise, you are "long" the stock. But you can profit from stocks that go down, too. This is an advanced investing technique called "short selling." When you short a stock, your broker arranges for you to borrow stock from a pool of shares maintained by brokers for that purpose. The shares are then sold and the proceeds from the sale are credited to your brokerage account.
At some point in the future, you must "close" the short by buying the same number of shares (adjusted for any splits that might have occurred) in the market and returning them to the short pool. If the price of the stock has gone down while you were holding it, you can use the money you received from the sale of the borrowed shares to buy the stock, and you will have cash left over. That's how you profit from a stock that goes down. Unfortunately, if the stock has gone up, you will have to add some money of your own when closing out a short position. That's how you lose money when a stock goes up.
Properly done, shorting can work as a hedge against a falling market. Improperly done, you can lose even more money on a short than you would lose if you invested in a company that went bankrupt. Imagine that you buy a company for $50 per share and it goes belly up. You've lost $50. (You should have shorted it!) But imagine shorting a stock for $50 that subsequently triples. When you close that short position, it will cost you $150 a share to buy back the shares you sold for $50. Many a short seller has been caught in this trap because brokers won't let you hold on to a short position unless you have money or other assets to cover the short at all times.
The basics of the shorting transaction are straightforward. Most online brokerages have a box to check for a short sale or a "buy to cover." Occasionally there won't be enough shares in the short pool and a short sale won't go through. There are also rules about shorting stocks that are dropping fast, so you can't always assume a short sale will be as smooth as a straightforward purchase, but in most cases it is.
thanks iam still new to stocks with limited funds thats why i ask about sharebuilder.
Some stocks make sense but you have to realize that hot gadgets, latest fads etc translate into corporate profits then into stock increases (most times).
e.g look at Crocks (CROX), everyone was buying the damn ugly shoe but the smart people were buying the stock.
While some people were buying iphones, others like me were buying apple stock (AAPL).
This bit of information is very helpful. I'm a consumer of electronics myself and am also looking to invest more. My question: is there a somewhat reliable site that projects items that are about to become crazy hot, or sees that an item is worthy to invest in and encourages you to jump in the stock before they blow up???
By The Way, Great Thread!!! Props
e.g look at Crocks (CROX), everyone was buying the damn ugly shoe but the smart people were buying the stock.
While some people were buying iphones, others like me were buying apple stock (AAPL).
This bit of information is very helpful. I'm a consumer of electronics myself and am also looking to invest more. My question: is there a somewhat reliable site that projects items that are about to become crazy hot, or sees that an item is worthy to invest in and encourages you to jump in the stock before they blow up???
By The Way, Great Thread!!! Props
Thanks for the contributions fam. Let's keep it going. Brothers' need to get financially empowered and independent! Its all about OWNERSHIP in things that INCREASE in value. That is how you get rich. I make more money than most of those "dope boys" out there and I don't have to "ride with my TEC".
Let's get it!
Let's get it!
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