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***Tripster's 2008 Investments (Ongoing thread)***

TUNE said:
well I was trading with Scottrade late last year, but recently Bank of America introduced online trading for account holders. They make real easy to transfer funds between all your accounts... that was the hook for me:yes::yes:

can't wait for that tax return
Click to expand...

Might have to check that out.:yes:
 
Loving this thread got a good feeling about the stocks that Tripster recommend. Waiting on my transfer to drop at e-trade so i can get this money man....... it's going to be great in 08.... Tired of struggling and tired of playing it safe.... Gotta go all balls out sometime man.... LET GET IT...
 
Great info here gentlemen and thanks for the "fool" site Trip...theres all type of shit I need on that site. I'm definantly subscribing to this thread...get money!
 
Tripster's Thanks for your kindness in sharing your financial wisdom. We need more people like you, thanks for starting the threat to empower the People. Good wishes for other always manifest in the person wishing it. It's the true karma. God bless us All.
 
Rough day in the market today (down 300 pts), but this is an example of what you have to be willing to face if you are going to be an investor.

What you are seeing is a widespread concern about recession. Overvalued stocks are coming back to earth. And very good stocks are now undervalued (cheap). But you have to be willing to stick through the tough stretches of a market downturn.

For some that means, not even LOOKING at their portfolio very often, just checking it monthly or quarterly. For others, its implementing a "stop-loss" (an order to SELL if a stock drops to a certain price after it is purchased) for some speculative trades. For others it is investing in "defensive" stocks, stocks that tend to increase in value when the overall market is decreasing.

Regardless of the strategy, just make sure you HAVE one. I'm here to help in any way I can. We are going to make a lot of money together this year, but I'll say it again....YOU GOTTA BE IN TO WIN. Otherwise you will always be on the outside looking in. So if you haven't gotten things together to start investing....now is the time. Stocks are cheap and money is to be made.

Let's Get It!
 
Tripster said:
Rough day in the market today (down 300 pts), but this is an example of what you have to be willing to face if you are going to be an investor.

What you are seeing is a widespread concern about recession. Overvalued stocks are coming back to earth. And very good stocks are now undervalued (cheap). But you have to be willing to stick through the tough stretches of a market downturn.

For some that means, not even LOOKING at their portfolio very often, just checking it monthly or quarterly. For others, its implementing a "stop-loss" (an order to SELL if a stock drops to a certain price after it is purchased) for some speculative trades. For others it is investing in "defensive" stocks, stocks that tend to increase in value when the overall market is decreasing.

Regardless of the strategy, just make sure you HAVE one. I'm here to help in any way I can. We are going to make a lot of money together this year, but I'll say it again....YOU GOTTA BE IN TO WIN. Otherwise you will always be on the outside looking in. So if you haven't gotten things together to start investing....now is the time. Stocks are cheap and money is to be made.

Let's Get It!
Click to expand...


Just found this thread... real good. This market environment is strictly for daytraders only. Don't commit to a long position because you don't want to get caught trying to catch a "falling knife". Stay fluid and mostly in cash until the turn around. Some of the picks in this thread are very good and will definetly be in play by the 3rd and 4th quarters. Right now just be as careful as you can with your money.
 
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.
Edit/Delete Message

January 2008
 
Wish I had some money to fucking invest!!! Better start savin up. If I scrape together a couple of G's, do you think I could make some money on the market.

I am not a fuckin idiot, I just got a dumb question... Say I buy about 100 shares of a stock that is 20 dollars. I am out 2000. If that value of those share increases buy about, lets say, 15 points. I just multiply my money by that amount (So I would be a a cool 30g's). No need to make fun, I am relatively new to the market. Although I did know to wait till the stocks took a beating before deciding to jump in (Only place to go is up right! Sike, we could hit another depression).

Also, how do you trade stocks. Do you have a broker, or do you just use E-trade or some other service. I am little paranoid about paying someone to trade my money.
 
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Independent.ie
Question of the Week: Is now the right time for a golden investment?
A Gold is traditionally seen as a safe haven asset in times of uncertainty. Because of the weakness of the dollar, it has recently surged to a 28-year high. The subprime crisis
in the US is tarnishing the dollar's appeal to global investors, so they are seeking safety in precious metals instead. Over the past year, gold has risen by 25pc. Last week it
was trading at €516 an ounce.
Gold is the ultimate hedge when the markets lose confidence in a faith-based or "fiat" currency such as the dollar.
However, gold does not pay an income, unlike a lump-sum investment, a bond or money on deposit. Investors have three options when buying gold:
- To take physical possession. Typically, within 10 to 15 days of buying gold in the markets, the client will receive a Fedex package containing their investment.
- Buy and store at a depository facility. The client must decide whether they wish to have their investment stored in an allocated or unallocated account. An allocated account is
segregated from all other wares in a separate box. An unallocated account is pooled with other investors.
- Buy through the Perth Mint Certificate of Western Australia. Gold Investments in Dublin is an approved dealer for Perth Mint.
If you want to own gold and be able to touch it, generally the cheapest route is to buy it in bar or coin form. Krugerrands are the best known of the modern one-ounce
gold-bullion coin.
They are available in greater quantities, and they can generally be bought at lower prices than any other gold coin.
They are also easier for comparing prices as they contain exactly one ounce of fine gold. Sovereigns are a smaller, more attractive, more historic, and probably better known
coin than Krugerrands.
-
©independent.ie powered by Unison.ie
 
Dmain_Event said:
Wish I had some money to fucking invest!!! Better start savin up. If I scrape together a couple of G's, do you think I could make some money on the market.

I am not a fuckin idiot, I just got a dumb question... Say I buy about 100 shares of a stock that is 20 dollars. I am out 2000. If that value of those share increases buy about, lets say, 15 points. I just multiply my money by that amount (So I would be a a cool 30g's). No need to make fun, I am relatively new to the market. Although I did know to wait till the stocks took a beating before deciding to jump in (Only place to go is up right! Sike, we could hit another depression).

Also, how do you trade stocks. Do you have a broker, or do you just use E-trade or some other service. I am little paranoid about paying someone to trade my money.
Click to expand...

Your question is not dumb, but your math is off if I understand you correctly. If you buy 100 shares of a company at $20 per share and add the commission (maybe $10), your total cost is $2010. The value of your position is $2000 (100 x $20). If each share goes up 15 points ($15), your 100 shares are now worth $35 each. Now your position is worth $3500 (100 x $35). You have a gain of $1500.

I agree that fool.com is the place to go for information. You can get answers to your other questions there. Also, a few sites (like E-Trade and Yahoo) used to allow you to create a virtual account using play money. You could then practice trading stocks to get the hang of it. The site below claims to do the same, but I have never used it and thus cannot vouch for it.

Code: 
http://www.howthemarketworks.com/trading/index.php

While the market is getting killed right now, be ready for the recovery, whenever it comes. If you're low on cash, this is the time to save up and do research. Even those big banks will rise again. Just be there with cash in hand when they do.

In your research, learn about the BRIC (Brazil, Russia, India, and China) and other emerging markets. The U.S. is not the only game in town. There is some very good advice being posted here. Listen and learn. :yes:

This is a great thread. Mad props to everyone involved. You the man, Tripster! :yes:
 
Bump. I'm suprised the great Chase Bannon hasnt made an appearance yet...isnt he one of the board guru's of this subject. Also, Trip, have you ever thought about creating your own "trade training community"? [for lack of a better phrase] I'm sure there are dudes here [including me, once i get up my ends] who would pay for some daily interactive training from someone who knows the science.
 
kjxxxx said:
I am thinking you mean whats a good brokerage.

I like Interactive brokers but that's for people experience people.

I like optionsxpress, Ameritrade, Tradeking, scottrade.

Ameritrade has a great looking streaming quote platform and charting and backtesting software. Optionsxpress is great because it has options, futures and great educational materials.
Scottrade charges $7 per trade. The are a little more stricter than the 2 mention above. Tradeking charges $4.95 per trade. Has some great material plus an online trading community and blocks that you can get ideas from also

If you are going to sign up for any let someone here who has an account send you a referral link so they can get credit for it.
Click to expand...
thanks is tradeking very good iam looking at there site i see you dont need a lot to get started?
 
Black Cobra said:
Y Also, a few sites (like E-Trade and Yahoo) used to allow you to create a virtual account using play money. You could then practice trading stocks to get the hang of it. The site below claims to do the same, but I have never used it and thus cannot vouch for it.
Click to expand...

http://vse.marketwatch.com/Game/Homepage.aspx

This site is a good site to PLAY with virtual money and it's free.
In fact someone should start up a BGOL game so cats can get started practicing with stocks if they don't want to jump in with real money.

Used this for a stock challenge on another board
 
kilam said:
http://vse.marketwatch.com/Game/Homepage.aspx

This site is a good site to PLAY with virtual money and it's free.
In fact someone should start up a BGOL game so cats can get started practicing with stocks if they don't want to jump in with real money.

Used this for a stock challenge on another board
Click to expand...

Good lookin' out playa, I just threw up the other site after a quick search as I have not done the virtual stuff in years.
 
I was looking around torrent sites for some tutorials and found this gem. :yes: Empowerment comes through education and school is now in session:

http://www.megaupload.com/?d=OQPRCCCG
total file size is about 327MB
each lecture is a series of MP3's

Burn them to CD, play them on your MP3 player or PC!

Big Picture Investing: How, When, and Why the Stock Market Moves
14 Lectures (Portable Professor Series)

Professor Peter Navarro - (University of California-Irvine)
Peter Navarro is a business professor at the University of California-Irvine. He holds a Ph.D. in economics from Harvard University, and is the author of the best-selling investment book If It’s Raining in Brazil, Buy Starbucks.

Typically, advice on investing comes in the form of tips regarding a particular stock or portfolio, but the stock market-like everything in the global community-is profoundly affected by large-scale events. In this remarkable series of lectures, best-selling author and business professor Peter Navarro shows how an awareness of macroeconomic forces is absolutely essential for the savvy investor. Navarro outlines the historical relationship between world events and the stock market, and outlines investment strategies designed to take advantage of the response to future events on the floors of the world's stock exchanges.

Professor Navarro:
"Welcome to this course on Big Picture Investing! This course is a very hands-on companion to my two books on investing. In the best-selling If It's Raining in Brazil, Buy Starbucks, I introduced the revolutionary concept of Big Picture Investing as a way to not only profit—but also protect your portfolio from heavy losses. Since the publication of that book, I have received countless requests to illustrate, in a very detailed way, just how to apply Big Picture Investing to the day-to-day management on individual portfolios. Hence, this exciting audio course and its companion textbook—When the Market Moves, Will You Be Ready?"

"Each lecture will be followed by some review questions as well as a set of very important and interesting exercises. I offer these questions and exercises because I believe that to truly master a set of ideas, you must do much more than simply, and passively, listen. Instead you must also actively apply that comprehension to very practical applications."

Course Syllabus

Lecture 1 An Introduction to Big Picture Investing.

Lecture 2 The Three Golden Rules and Four Stages of Big Picture Investing

Lecture 3 How the Corporate Earnings News and “Exogenous Shocks” Move the Markets

Lecture 4 How Fiscal and Monetary Policy Move the Markets

Lecture 5 How the Macroeconomic Calendar Moves the Market

Lecture 6 How Stock Prices Move Over the Course of the Business and Stock Market Cycles and the Patterns of Sector Rotation

Lecture 7 The Interest Rate Cycle and Yield Curve as Leading Indicators of Stock Price Movements

Lecture 8 How—and How Not!—to Find Winning Stocks

Lecture 9 How to Properly Screen Your Stock Market Picks Using Both Fundamental and Technical Analysis

Lecture 10 Managing Your Portfolio and Its Many Risks

Lecture 11 Managing Your Money: The Key to Long Term Investing

Lecture 12 How to Buy and Sell Your Stocks Efficiently: The Art of Trade Execution

Lecture 13 How to Manage Your Portfolio Over the Internet

Lecture 14 A Day in the Life of a Big Picture Investor


I have only listened to a few minutes of lecture 1. I am assuming that all of the mp3's work. Any feedback would be welcome here.
 
Dmain_Event said:
Wish I had some money to fucking invest!!! Better start savin up. If I scrape together a couple of G's, do you think I could make some money on the market.

I am not a fuckin idiot, I just got a dumb question... Say I buy about 100 shares of a stock that is 20 dollars. I am out 2000. If that value of those share increases buy about, lets say, 15 points. I just multiply my money by that amount (So I would be a a cool 30g's). No need to make fun, I am relatively new to the market. Although I did know to wait till the stocks took a beating before deciding to jump in (Only place to go is up right! Sike, we could hit another depression).

Also, how do you trade stocks. Do you have a broker, or do you just use E-trade or some other service. I am little paranoid about paying someone to trade my money.
Click to expand...

There are NO dumb questions on this thread, bruh. The only dumb question is the one you DON'T ask. That being said...yes you have INVESTED (don't think of it as OUT) $2000. If the value increases by $15 to a total of $35, the value of your investment is $3500. If you were to SELL then your PROFIT would be $1500 ($3000 minus $2000).

Your best bet is to open an online brokerage account (Etrade, TDAmeritrade, Scottrade, etc.) Trades will run aroud $10 a trade. You are doing all of the trading yourself, no one else is doing it for you. However if you want someone else to do all of the trading then you can open up a MUTUAL fund with any of those brokerages, or just about any financial institution.

The key here is to have you money working for you while its sitting there. Even my checking account is interest bearing. Can't stand to have money sitting around.

For example, someone on another thread (which ended up being ocked) had stacks of money that they had taken a picture of (I guess to prove they had money or something). If in fact there was $20K in the stack (which I'm sure there wasn't), that individual lost interest that the money could have been making during the time it was in some plastic container.

The reason I bring that up is because you have to have a certain type of mindset when it comes to money. You may have to change the ENTIRE way you think about money, what it is, and what it does (because it is what it does), in order for you to have MORE of it. So don't ever think of an INVESTMENT as being OUT money, its no different as being you being OUT at work making money.

Anyway, I hope this helped (at least from a motivation perspective). Now.......LET'S GET IT!!!!
 
Tripster said:
There are NO dumb questions on this thread, bruh. The only dumb question is the one you DON'T ask. That being said...yes you have INVESTED (don't think of it as OUT) $2000. If the value increases by $15 to a total of $35, the value of your investment is $3500. If you were to SELL then your PROFIT would be $1500 ($3000 minus $2000).

Your best bet is to open an online brokerage account (Etrade, TDAmeritrade, Scottrade, etc.) Trades will run aroud $10 a trade. You are doing all of the trading yourself, no one else is doing it for you. However if you want someone else to do all of the trading then you can open up a MUTUAL fund with any of those brokerages, or just about any financial institution.

The key here is to have you money working for you while its sitting there. Even my checking account is interest bearing. Can't stand to have money sitting around.

For example, someone on another thread (which ended up being ocked) had stacks of money that they had taken a picture of (I guess to prove they had money or something). If in fact there was $20K in the stack (which I'm sure there wasn't), that individual lost interest that the money could have been making during the time it was in some plastic container.

The reason I bring that up is because you have to have a certain type of mindset when it comes to money. You may have to change the ENTIRE way you think about money, what it is, and what it does (because it is what it does), in order for you to have MORE of it. So don't ever think of an INVESTMENT as being OUT money, its no different as being you being OUT at work making money.

Anyway, I hope this helped (at least from a motivation perspective). Now.......LET'S GET IT!!!!
Click to expand...

I just wanted to add one thing even if it is slightly off topic. FELLAS PLEASE LOOK TO YOUR FUTURE AS WELL. That means if you work for a company that offers a 401k MAKE SURE YOU TAKE ADVANTAGE OF IT. If you company matches make sure you put in at least that amount of your money. So, for example, if your company says they will match up to 3% then you should make sure your your deductions are AT LEAST 3%. Its a free way to double your money. I know the idea of not toughing your money until you 59 bothers people but trust me, when you're 59 you'll be glad you got SOMETHING to supplement your income.

Ok, sorry to go off on a tangent, back to watching the market.

PS. the market fluctuations are painful to watch at times. :angry::angry::angry:
 
Ok, I've never did any trading so i don't want to get out there to fast so my question is if i took about a $1,000 to sort of play around with in which it wouldn't kill me if i lost it would this even be enough to sort of get my feet wet and also, what are some good cheap stock picks under $5.00 each and is there a minimal amount of stock you have to buy with each trade? By the way great post!!!!
 
Gentlemen, brace yourselves. The asian markets are suffering right now because of the growing fears of a US recession. We are probably going to see a sharp decline in the overall market on Tuesday. This would be a good opportunity to short some "overvalued" stocks, or to at least make sure you have a "stop-loss" set up with some of your more speculative picks.

I'm not selling any of my staples (my original picks) as I feel very good about their long-term success. You should not invest in the stock market if you "need" the money to make next month's rent payment. In that case get a savings account that pays 4%.

I'm going to watch what happens to BIDU (Baidu.com) and RIMM (Reasearch In Motion). If RIMM falls below $80 a share, I'm all over it. I'm going to short BIDU at $275.

Remember you can still make money in a down market, you just have to be prepared and have a strategy. Let's Get It!
 
kjxxxx said:
I was hoping I'd be seeing more ideas on what plays people are looking at in this tread. Come folks post what you thinking of or what you are already in. Maybe we can help each other with the analysis
Click to expand...

I have a few shares in Mastercard. I was fortunate enough to buy shortly after their IPO when it debuted (at $40/share), but too shortsighted to by as many shares as I could. Today MA closed at 182.17. It has gone as high as $220.00 but I'm not sure it will make it back there soon.

I've been watching Apple (AAPL;already mentioned), and I've kicking myself for not buying in before the iPhone went on sale. When they initially announced the gadget at Macworld 2007, the stock increased to the high 80s. After that, the stock steadily climbed, spiked after the iphone & ipod touch (released back to back) went one sale, and again after their 3Q financials were released. It has traded as high as ~$200/share but is currently trading at $155.64 (1/22/08) I think it's a bargain. My question is, how do I know when to get back in? Does you know a good resource on how to analyze the value of stocks based on a company's financial performance?
 
kjxxxx said:
We don't do half shares. We don't marry any position to where we are thinking of them in terms of half shares.

If the stock is too expensive we look at other stocks or we look at leveraging. We use options, futures, etc. There are way too much other plays out there for us to be worried about half shares.

If I was going to go the half share route though I would just do direct investment or use one of those companies that does direct investments and there is a post about that in the networking section.
Click to expand...
thanks but i think we sould help the newbies out too such as myself thanks.
 
The only reason to get back in is because I think the stock is going to go back up and there is a catalyst for it to go up. Some of the reasons I look for to get back in is when the general market is not selling off or bearish like we have now. If the stock sells off for some dumb reason then I look to get back in after that. Lets say the stock sold off because the numbers didn't beat expectation by big amount but it was good numbers. Then I will buy when I feel the selling has stopped. Lets say it sell off in sympathy with another stock but if you know the business model then you will see that it is a different model as is the case with MA and AXP. You know if AXP selloff because the consumers are defaulting on loans then you know it will affect MA but not as much since MA doesn't lend money. The banks does. At the same time you have to realize that eventually the same people will default on their MA cards also so they won't be able to spend anymore which will reduce MA earnings.

If the stock retreat to an area that it had retreated before and a lot of people bought it at that level then I might consider buying there if I notice people buying there also (this area is called support area).



madscientist314 said:
I have a few shares in Mastercard. I was fortunate enough to buy shortly after their IPO when it debuted (at $40/share), but too shortsighted to by as many shares as I could. Today MA closed at 182.17. It has gone as high as $220.00 but I'm not sure it will make it back there soon.

I've been watching Apple (AAPL;already mentioned), and I've kicking myself for not buying in before the iPhone went on sale. When they initially announced the gadget at Macworld 2007, the stock increased to the high 80s. After that, the stock steadily climbed, spiked after the iphone & ipod touch (released back to back) went one sale, and again after their 3Q financials were released. It has traded as high as ~$200/share but is currently trading at $155.64 (1/22/08) I think it's a bargain. My question is, how do I know when to get back in? Does you know a good resource on how to analyze the value of stocks based on a company's financial performance?
Click to expand...
 
Tripster said:
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!
Click to expand...

so is this your profession? do you have a day job?


and what do you guys think of thae stock market software that tells you when to buy/sell?
 
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