Stocks ???
 

Ok I see yall on here talking about stocks a good bit. Im curious. But I have no idea where to start or hoq to start. A friend told me to download e trade on my phone and I can get started from there. Is this a good idea?


Also I have no clue what to start with or how much ro start with. Should I start with penny stocks? Or should buy something worth a little more? Or should I maybe just throw this idea in the can and buy more ammo??? Ive been trying to follow some stocks but for my simple minded self its like reading Japanese...Help please.


Btw im thinking about starting out with 1000 dollars just to get my feet wet. If it were you where would you start?

Sent from my SCH-I605 using Tapatalk 2

Penny stocks are considered risky.

First I would start with maxing out the matching portion of your 401k. Aside from that, research the companies you are interested in and try to guess when you think they will rise in the market. If you prefer a buy and hold strategy and are interested in long term savings (3+ years), look into mutual funds. You can buy thousands of stocks, bonds and treasuries and only pay an up front fee as opposed to buying them individually and paying a trade fee for each security.

Don't start with penny stocks!!

If I were you, to start, I'd look into a low cost index fund like the Vanguard Total Stock Market. Buys the equivalent of the whole US stock market. Instant diversification. That or a S&P 500 index funds.


Read A random walk down wall street. great book

X1000's

only W is good enough to beat the market on a long-term basis. Buy a good index fund and call it a day.

LNG, FTK, CHK, AIG (yes, them), CVX, CQP, XOM, IOC

This sounds like a good route for me but I 100% do not understand it.

Sent from my SCH-I605 using Tapatalk 2

Yes, or blue chip dividend paying stocks.

I like CVX, PM, KO right now for long term investing.

http://www.bogleheads.org/wiki/Main_Page Good site.

And honestly I dont know about long term right now....maybe in the future. I was really just hoping to get my feet wet with something I can pkay with day to day. Just not sure how or where to start doing that.

Sent from my SCH-I605 using Tapatalk 2

Start with companies that you know. Watch them in relation to the broader markets and watch them in relation to their 52 week highs and lows. Buy low sell high. It doesnt have to be more complicated than that. With all that being said, if you are looking for a quick dollar (which it sounds like you are) don't play the stock market. You have to devote lots of time watching the market and individual companies. If you really want to "day trade" start with one company that you know and watch for about 6 months to a year. Get an idea of what a "good price " for that company is for our current economic situation. Once again buy low sell high. Hopes this helps.

Not really looking for a quick buck lol...I guess im just the kind of person that wpuld like to see it wprk out positive for me first before I get into longterm investing....I already have invested in silver and thats kind of a long term investment for me one that I hope will always be getting better.

Buy low sell hogh seems like a pretty straight forward method. I think my issue is more or less learning how to actually do all of this myself. Once I get that down I think ill understand better.


Sent from my SCH-I605 using Tapatalk 2

Just remember the power of compound interest. The sooner you put more money in, the better.

Well I use Scottrade. It cost $7 per trade. So a buy and a sell is $14. They have a trade tab and you select buy or sell and type in the ticker and the number of shares you want to trade. Any of the online brokers will basically function in this manner.

They have apps that allow you to research and trade real time, but with fake money. It's practice that doesn't cost you anything

Others may blast me but so be it. Use someone who does this for a living. It's only your money at stake. Follow what he/she is doing , learn along the way and after a while if you're feeling froggy, try it yourself.

Don't think reading a few books is going to substitute for talent and experience.

And another thing, stocks are like gambling. Everybody you talk to has lost more and made less than what they're going to tell you. Doesn't mean they're bad people, just means they're human.

Fixed it

X2 on this. I use Scottrade as well and have been very pleased.

I set up a direct contribution every month out of my bank account and accrue money in my Scottrade bank account (similar to savings acct). Then when I see a stock I like I buy it.

52 week high/low is a good factor to look at as well as PE ratio and make sure to look at dividends. Are they issued quarterly, semi-annually, or annually? This is money paid per share they are giving you just for owning the stock (ie Apple's dividend is $3.05/share quarterly which means $12.20 a year for owning 1 share)

investopedia.com does a good job of breaking this down for you and I also like seekingalpha.com as a good resource for stock trading tips. Sorry for being long-winded but I love this stuff. If you need any more help then let me know. Good luck!

What is the opinion of principal protected investing?

sounds great in theory but the whole risk vs. reward thing comes to my mind when I hear that. I'd be willing to bet that someone is selling this investment. You will never get something for nothing when it comes to investments. If someone is guaranteeing your principal back it is probably not a risky investment however I would imagine the upside would be limited. and once again always look at the fees associated with any investment. Mutual funds typically charge around 1.5% whereas ETF's are typically significantly lower, around .5%. doesnt sound like a lot but it adds up, especially if you are losing money and your broker is still getting paid. sorry for the long response I too love this stuff

The beauty of index funds. Less than 0.1 percent in some cases

Don't have an issue with this advice just look for a fee only broker. Otherwise the advice WILL be cloudy (comission oriented).

The way PPI was explained to me was that you share the gains but they eat the losses . I guess that the broker gets half (or more) of the gains. If they make risky investments( high gains /High losses) they gain /loose more . playing w/my money.

so the broker takes all the risk? Don't think so. Why would someone spend their time to invest your money and if it goes wrong they have to come up with the difference? Might not seem that unreasonable with one person's money but imagine if the broker is playing the market with all of his client's money in this manner. He would go broke the first time the market takes any kind of hit. seems too good to be true. and unless you are investing in hedge funds, brokers are not allowed to "day trade" with your money.

Watch a few of these shows before investing ANY money with ANYONE
http://www.cnbc.com/id/18057119
AMERICAN GREED ON CNBC.COM
Worthless pieces o shait!!

Sent from my SAMSUNG-SGH-I997 using Tapatalk 2

How in the world did y'all get this deep into this conversation and "w" didn't make one post

Long term buy stock with paying Divideds

ATT, Phizer, GE, OILT, Apple,Wal-Mart, Exxon

To me ATT is one of the strongest stocks for its price
How many have Iphones???
How many Iphone #s will they go too.. 6,7,8,,9 etc
How many people have cells phones??
Everyone pays there cell phone bill or you dont have service
Even hoodrats pay a cellphone bill!!

GE, they make "Light"
Until you know whats going on do not try to day trade!!! !!!!

Get a broker @ Edward Jones to set u up is the best thing!!

Not sure what your talking about ; but I have had a broker going on 10 years and he invest my money in solid stocks and buys back in with dividend payments....

In 20 more years I can live off just Dividend and not have to touch my retirement...at all

You could make an azz load of cash selling an E book on "how to make a butt load of cash by buying my book on how to make azz load of cash" F crooks

Sent from my SAMSUNG-SGH-I997 using Tapatalk 2

Was speaking only to the idea of a principal protection investment. Of coarse if you sign off and give your broker free reign with your money they can execute trades on your behalf. I believe what eman was referring to is a specific investment vehicle in which you buy in and are guaranteed your principal back. In other words much more structured than individual stocks and they are typically heavily invested in derivatives and other options. If your broker is doing this with your money(without your signature)...if he ever loses you significant amounts of money call an attorney bc I guarantee you could get your money back.

Buy Ammo!!! The worst thing that ever happened to me is I made money on my very first trade . It was all down hill after that .. If your gonna do it get a broker and check them out and get references . The "market" loves day traders . And don't get me started on the FTC letting all the companies (men) (crooks)get in business just to draw in "investors" only to shut it down and start another

Yes sir you are correct. One of my family got screwed by one of those axzzholes! Was not directed at you personally ok?

Sent from my SAMSUNG-SGH-I997 using Tapatalk 2

No worries. I'm not in the business.

First rule: Risk only what you can afford to lose.

Second rule: Bullets, Band aids, Booze. I look at defense companies, pharmaceutical companies, and recreational companies in a war time economy.

Third rule: as I make money I PAY ALL THE TAXES upfront on the money I have made and then transfer my profits to long term blue chip stocks.

I have been doing this for eight years. I will be retiring soon at 44.