My dad did stocks for his savings. One thing I know he's made a killing on is apple, he bought some like 5 years ago or something and now it's like triple the price he paid for it.
I did day trade, but I also do long term. I bought Ford at $9 bucks and their $17 bucks today. I bought Tesla at $25 sold at $38 :( interested in Intel tbh - I want intel to get into cell phone processing and destroy Samsung.
I have most of my money tied up in long term investing. It is very hard to make money as a day trader, long term investing is like playing poker as the house, you have to be very unlucky or an idiot to not make money.
It's always good to look at no- or low-cost index funds too, good safetynet diversification, with individual companies.
[QUOTE="Fightingfan"]I did day trade, but I also do long term. I bought Ford at $9 bucks and their $17 bucks today. I bought Tesla at $25 sold at $38 :( interested in Intel tbh - I want intel to get into cell phone processing and destroy Samsung. tsla.. ouch... reminds me of my aapl stock years ago. bought at like 76... sold at like 90. *smacks forehead*
[QUOTE="Fightingfan"] Just read the financial reports on a company you like and evaluate how much you think they're worth. Yeah. And remember, do not underestimate the importance of the cash flow statement. EPS is nice and all but not as important.
shorts for currency, currency into commodities, then hold. it is funny that so many companies are beating their EPS projections when at the same time falling flat on their faces when it comes to revenues. so much treasury stocks are being purchased. what momentum money cares about fundamentals? none that i know of.
inbefore "buh its all about teh bottom line" if your top line is garbage chances are youre not in good health.Â
shorts for currency, currency into commodities, then hold. it is funny that so many companies are beating their EPS projections when at the same time falling flat on their faces when it comes to revenues. so much treasury stocks are being purchased. what momentum money cares about fundamentals? none that i know of. surrealnumber5
I could never make money with commodities. I don't get em - I guess they're like a 10+ year thing.
[QUOTE="surrealnumber5"]shorts for currency, currency into commodities, then hold. it is funny that so many companies are beating their EPS projections when at the same time falling flat on their faces when it comes to revenues. so much treasury stocks are being purchased. what momentum money cares about fundamentals? none that i know of. Fightingfan
I could never make money with commodities. I don't get em - I guess they're like a 10+ year thing. there are definitely circular market trends and seasonal trends, but at the end of the day, it is all about individual judgement. the commodities i invest in i do so for the long term.
No, When there is bad news the Stocks are Up? :roll:
CommandoAgent
that is because the fed wont taper on a decline, duh! they have made that clear, until the next announcement to maybe cut back, that will lower the averages giving the illusion of health. yummmy
No, When there is bad news the Stocks are Up? :roll:
surrealnumber5
that is because the fed wont taper on a decline, duh! they have made that clear, until the next announcement to maybe cut back, that will lower the averages giving the illusion of health. yummmy Do you short or buy more? Do you/can you use the news to make decisions regarding which companies to go into? It's complicated, but I'm doing as much research as I can.
I have stocks, all long term (some in just an investment account and some in a Roth IRA). I don't really care to take the time to try to make short term investments. :P
No, When there is bad news the Stocks are Up? :roll:
chrisrooR
that is because the fed wont taper on a decline, duh! they have made that clear, until the next announcement to maybe cut back, that will lower the averages giving the illusion of health. yummmy Do you short or buy more? Do you/can you use the news to make decisions regarding which companies to go into? It's complicated, but I'm doing as much research as I can. as a rule of thumb i sell the news, but judgement is key. you always have to look into every company you consider, even if some dope claims to give you a 'good tip", over all i do sell the news. i have never bought the news. i love the fundamentals of PM's but last year when peter schiff was welcomed around the media to sell silver, i took that as a selling sign, it happened to be right near the top. i did not buy back at the low of near 18, but i still made 180 years of current interest rates off of it in a 7 month span. i am not perfect but i am good enough.
Does anybody have an idea what brokers are trustworthy?
Leejjohno
no, sadly, these days, they are few and far between. these are hard times for honest people. please at least take an active role in your retirement and finances. when i earned enough to tell my family to 'bugger off,' as i am told the brits would say, i told them their retirement was on their hand or ultimately they will get nothing at all. holding your retirement in cash or telling your company to do so might not be a bad idea, if you do it per regulation you can remove the risk of future losses at the rick of losing near zero interest on your equity.
Can anyone throw a recommendation out for an Online Broker? I was planning to go with TD since they all seem to offer around the same rates but I feel safer with them since i'm already at their bank.
Yes. I started out with active trading, but as my job became more consuming, I switched to longer term investing, mostly looking for good dividend-paying companies.
Unless you have a particularly good broker, I'm not sure it's worth it over just investing in fairly safe stock indices.chessmaster1989
Certainly you can go with a broker to make trading easier and deal with the paperwork, but if you're intelligent, you can probably learn how to self direct your investments. I did far better in 3 months of self-directed investing when I became interested in it than my bank had done in the past 6 years. Their service fees aren't worth it, and like the old saying goes, nobody cares about your money as much as you do.
[QUOTE="chessmaster1989"]Unless you have a particularly good broker, I'm not sure it's worth it over just investing in fairly safe stock indices.pianist
Certainly you can go with a broker to make trading easier and deal with the paperwork, but if you're intelligent, you can probably learn how to self-direct your investments. I did far better in 3 months of self-directed investing when I became interested in it than my bank had done in the past 6 years. Their service fees aren't worth it, and like the old saying goes, nobody cares about your money as much as you do.
It's really amazing how much better you can do with 20 minutes of business reading per day.
[QUOTE="chessmaster1989"]Unless you have a particularly good broker, I'm not sure it's worth it over just investing in fairly safe stock indices.mattbbpl
Certainly you can go with a broker to make trading easier and deal with the paperwork, but if you're intelligent, you can probably learn how to self-direct your investments. I did far better in 3 months of self-directed investing when I became interested in it than my bank had done in the past 6 years. Their service fees aren't worth it, and like the old saying goes, nobody cares about your money as much as you do.
It's really amazing how much better you can do with 20 minutes of business reading per day.
Indeed, although I tend not to pay much attention to the news. By the time we "normal people" get it, the pros already knew about it and acted on it. I find it much easier to just make decisions based on charts.
Certainly you can go with a broker to make trading easier and deal with the paperwork, but if you're intelligent, you can probably learn how to self-direct your investments. I did far better in 3 months of self-directed investing when I became interested in it than my bank had done in the past 6 years. Their service fees aren't worth it, and like the old saying goes, nobody cares about your money as much as you do.
pianist
It's really amazing how much better you can do with 20 minutes of business reading per day.
Indeed, although I tend not to pay much attention to the news. By the time we "normal people" get it, the pros already knew about it and acted on it. I find it much easier to just make decisions based on charts.
It depends, really. Sometimes you hear about things before they actually occur because of red tape - like mergers or upcoming exchange listings. But yes, the graphs are helpful as well, and the SEC filings are very useful for gauging long term health.
It depends, really. Sometimes you hear about things before they actually occur because of red tape - like mergers or upcoming exchange listings. But yes, the graphs are helpful as well, and the SEC filings are very useful for gauging long term health.mattbbpl
Agreed. I suppose I'm lazy; I like to let other people do the research, then I just hop aboard and enjoy the ride. :P Like any investment strategy, it's not foolproof, but it's served me well through the years.
[QUOTE="mattbbpl"] It's really amazing how much better you can do with 20 minutes of business reading per day.mattbbpl
Indeed, although I tend not to pay much attention to the news. By the time we "normal people" get it, the pros already knew about it and acted on it. I find it much easier to just make decisions based on charts.
It depends, really. Sometimes you hear about things before they actually occur because of red tape - like mergers or upcoming exchange listings. But yes, the graphs are helpful as well, and the SEC filings are very useful for gauging long term health.
Indeed, although I tend not to pay much attention to the news. By the time we "normal people" get it, the pros already knew about it and acted on it. I find it much easier to just make decisions based on charts.
SpartanMSU
It depends, really. Sometimes you hear about things before they actually occur because of red tape - like mergers or upcoming exchange listings. But yes, the graphs are helpful as well, and the SEC filings are very useful for gauging long term health.
[QUOTE="mattbbpl"] It depends, really. Sometimes you hear about things before they actually occur because of red tape - like mergers or upcoming exchange listings. But yes, the graphs are helpful as well, and the SEC filings are very useful for gauging long term health.chrisrooR
No. Just no.Â
How insightful.
It's the best advice given in the entire thread.Â
If you're going to invest in securities, invest in indices. Most of you are clearly clueless.
Log in to comment