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Investing in Stock Market????????

Discussion in 'Stocks & Investments' started by sirwamz, May 5, 2010.

  1. May 5, 2010 at 8:39 PM
    #1
    sirwamz

    sirwamz [OP] Well-Known Member

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    Hey guys (and gals)

    Im new to forum (it is great, i haven't been this addicted since I was addicted to pricescope.com when I bought my gf's engagement ring last year). I was wondering if any of you guys have experience using Scottrade or E-trade or any of those discount stock brokerage firms. If you do, how do you start using them to buy stocks, how do you do research on stocks to buy and.......would you even want to start or continue buying stocks with the whole Euro trouble thing sending the market on a downward spiral? Thanks,


    new kid
     
  2. May 5, 2010 at 8:41 PM
    #2
    dysfunctnlretard

    dysfunctnlretard Hi

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  3. May 5, 2010 at 9:30 PM
    #3
    OH-MAN

    OH-MAN Well-Known Member

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    The stock market is VERY iffy right now.
    Don't invest anything you cannot afford to lose.
    Best of luck and be carefull.
     
  4. May 5, 2010 at 9:32 PM
    #4
    genxer36

    genxer36 Lord of Tomfoolery

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    Welcome to TW!

    SHAREBUILDER! $4 per trade no monthly fee for the basic plan. $9.95 when you sell. I've been using this site for 4 years. I like sharebuilder, because you don't have to buy whole shares. You can buy in dollar amounts. I recently bought $50 worth of citi bank for me & $50 for my 12 yr old.


    Good to read up before investing. Here is a great site to get you started:

    http://www.investopedia.com/university/stocks/


    Stocks I own - ARUN -Aruba networks, RIMM -Blackberry phones, C -Citi bank,HXL - Hexcell, ESV - Ensco.

    I have done well on Rimm & Aruba networks.

    I wish I had Apple, but it is too expensive. I had Google, but sold it.
     
  5. May 5, 2010 at 9:48 PM
    #5
    genxer36

    genxer36 Lord of Tomfoolery

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    Best time to invest & hold.
     
  6. May 6, 2010 at 6:43 AM
    #6
    Richman21

    Richman21 I think therefore I'm a Democrat

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    I use TD Ameritrade and I think it works just fine. I do all my own research. Just remember buy low, sell high. Sounds pretty easy huh? I try to buy when a time tested company released bad news, that should send the stock down. Not too bad of news, but a bad quarterly earnings or something like that. Then sell when later on good news. I also look at when the stock is trending, at the 1 year, 3 year and 5 year. As well I keep an eye on the 52 week high and the price of the stock currently. You don't want to buy too close to the 52 week high. Anyways, these are some of my practices. Good luck!
     
  7. May 6, 2010 at 6:46 AM
    #7
    jandrews

    jandrews Carolina Alliance Southwest Region Ambassador

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    Exactly...when the market is weak you need to buy MORE shares to share-price average. This is assuming you're investing for the long term and not day-trading. Under these circumstances, you only really have to worry if the company you're invested in goes bankrupt. The market will recover eventually.

    That said, no one should look for big returns in the short term (next 5 years or so) because the economy will remain in the shitter for most of that leading to slow growth.
     
  8. May 6, 2010 at 6:47 AM
    #8
    98tacoma27

    98tacoma27 :POOPCORN: Staff Member

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    I use Tdameritrade also. No complaints plus some great research tools.
     
  9. May 6, 2010 at 9:37 AM
    #9
    Evil Monkey

    Evil Monkey There's an evil monkey in my truck

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    Most of them you just deposit a minimum amount and you can start trading with them. Times of trouble are usually the best times to buy solid stocks because you'll get more of them with the same money (buying low). This is especially true if the reason for the stock fall has nothing to do with the stock (external events). Those kinds of things affect almost all stocks and they usually recover.

    If you have a 401K, it's best to maximize your input to that first, especially if you get matching contributions (free money). The company I work for matches dollar for dollar up to a certain percentage so you're getting a 100% return even if the stock sits sideways.

    Index funds are a good bet too as they try to match the major indexes. That way you don't have all your money tied to one stock. It's hard to continuously beat the Dow Industrial or the S&P 500 indexes year over year.
     
  10. May 6, 2010 at 10:01 AM
    #10
    ScubaCougr

    ScubaCougr Active Member

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    Happy Scottrade user here. They have local offices in most major cities so just take a check down there and open an account. No sending money in the mail or figuring out wire transfers. You can then use their web site for trading stocks, buying mutual funds etc.

    Best part...CHEAP. $8 per trade, and NO fees for holding your IRA. Why pay more....all it does is lower your profits. Scottrade.com

    For info on WHAT to buy, I like the Motley Fool at www.fool.com. Their emphasis is on teaching you (if you wish) what to look for on your own, so you're not having to trust the latest broker recommendation or hot tip from a neighbor (both recipes for disaster)
     
  11. May 6, 2010 at 8:55 PM
    #11
    sirwamz

    sirwamz [OP] Well-Known Member

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    Man Im having trouble learning how to use this website. Anyways, thanks for all the help and tips : ). I'll be sure not to listen to the neighbor on what the hot stock of the day is! I'm not putting money Im not prepared to lose on stocks. I just want to branch out and invest some cash in different ways other then just leaving it in the bank earning minimal interest (and avoid the temptation of spending : )
     
  12. May 6, 2010 at 8:56 PM
    #12
    fletch aka

    fletch aka www.BeLikeBrit.org

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    :rofl:
     
  13. May 6, 2010 at 9:04 PM
    #13
    ak47

    ak47 v.hey its my Avatar avatar.v

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    disclaimer.... i know nothing of stocks and shit. lol

    for all you people looking to invest look into the Solar technology. it really is getting big. i work at a glass plant and we recently stated making the bottom lites for solar panels. this shit is booming. google ''First Solar'' $20 to $200 dollars in a year!!
     
  14. May 6, 2010 at 9:12 PM
    #14
    schus21

    schus21 Well-Known Member

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    I have had a Scottrade account for a little over a year now and love it. The trades are cheap and I have the live stream up while I am at work. I really enjoy keeping up with it and you do not lose such a large percentage of your earnings to your broker.
     
  15. May 6, 2010 at 9:13 PM
    #15
    schus21

    schus21 Well-Known Member

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    Best advice I have ever received.
     
  16. May 11, 2010 at 8:33 PM
    #16
    nd

    nd Radical Town. It's a hell of a place!

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    i use charles schwabb. $9 or $10 dollar trades (cant remember if its $8.99 or $9.99). i like them cause you can do your checking with them and the checking account earns interest, plus you get a debit card you can use at any ATM in the US with no fees. the guys there are also very helpful and call you from time to time just to make sure you're good and dont need any help or advice.
     
  17. Jun 16, 2010 at 6:24 AM
    #17
    RockyTacoma

    RockyTacoma Well-Known Member

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    it was bad timing for me, i lost tons of money with janus funds. i will never again invest in stock market..i stick with CD, treasury,bonds..something safe
     
  18. Jun 16, 2010 at 6:47 AM
    #18
    81shark

    81shark Well-Known Member

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    i can't stand motley fool. i put them in the same catagory as talking heads. their articles always pop up on yahoo under the news sections, but they never say anything in the article.


    if i'm looking for something new to invest in, i run a stock screener to narrow down the field and than read some 10q's and 8k's
     
  19. Jun 16, 2010 at 6:52 AM
    #19
    jandrews

    jandrews Carolina Alliance Southwest Region Ambassador

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    Those are no more safe than stocks.

    Treasury bonds and CDs are a particularly interesting situation right now with the global economy subtly moving away from the US dollar right now.
     
  20. Jun 16, 2010 at 7:16 AM
    #20
    Agent475

    Agent475 "Mark It Zero"

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    I'll second this recommendation... Been investing a little bit each month for 3-4 years now and I own the stock in the following companies:


    AAPL APPLE INC
    AGG BARCLAYS AGG BOND FUND ISHARES
    BRK B BERKSHIRE HATHAWAY INC CL B NE
    CAT CATERPILLAR INC
    CCE COCA COLA ENTERPRISES INC
    CJHBQ CHAMPION ENTERPRISES INC COM
    CP CANADIAN PACIFIC RAILWAY LTD
    CVX CHEVRON TEXACO CORP
    DTG DOLLAR THRIFTY AUTOMOTIVE GRP
    DTV DIRECTTV
    F FORD MOTOR COMPANY
    FSLR FIRST SOLAR INC COM
    JSDA JONES SODA CO
    MIR MIRANT CORP
    NGS NATURAL GAS SERVICES GROUP
    OSK OSHKOSH TRUCK CORP CL B
    PLA PLAYBOY ENTERPRISES INC CL B
    REP REPSOL YPF SA - SPON ADR
    RIMM RESEARCH IN MOTION LTD
    SBMRY SABMILLER PLC-SPONS ADR
    SPY S&P 500 INDEX SPDR
    STI SUNTRUST BKS INC
    TSTR TERRESTAR CORP COM
    UTX UNITED TECHNOLOGIES CORP
    XOM EXXON MOBIL CORP


    Be sure to get a upgraded plan so you get free trades to save $. Monthly fee is 12 bucks and you get 6 free trades. 6 trades on a free account will cost you 24 bucks (4 per trade) - but because I have an upgraded plan, I save 12 bucks.

    And whatever you invest in... Invest in a diverse portfolio... If you buy sunscreen, buy umbrellas too... That way, no matter how many times the weather changes, you are making money. And classic advice: Buy low, sell high - but with stocks plan on holding for several years to get a gain.
     
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