The Official Stock Market Thread
Im surprised about the lack of discussion on stocks. Everyone wants to know "What should I do with 10k" or "I want a way to make passive income"... etc.
There is a simple answer to many of these same occurring questions I see on this forum and that is to invest in the stock market. I am not claiming to be an investing guru or anything but I can attempt to provide information as an amateur investor. *Disclaimer*: All information or suggestions in this thread should be used at the reader's discretion and are not guaranteed to bring profits. * With that being said if you are interested in investing in stocks here are a few resources you can use:
http://finance.yahoo.com/
http://www.bloomberg.com/
http://www.google.com/finance
*These sights provide important financial news and stock tickers, News is very important when investing, also researching prices and trends in stocks are important as well.
http://www.tickerspy.com/
(Amazing website where you can compare your portfolio with that of professional investors, including Warren Buffett and Bill Gates)
http://www.peopleandpicks.com/
(Another useful site to compare your stock picks with those of the investing community.)
Start your investing here:
http://www.ml.com/index.asp?id=7695_15125 (Merrill Lynch's web site)
http://www.scottrade.com/
https://us.etrade.com/e/t/home
www.bankofamerica.com (Open a Roth IRA here, they use Merril Lynch for online trades)
Random tips:
-If you do not have a bank account yet..fucking get one!
-Link your bank account with one of the investing sites or (like most bank accounts) use their online investing.
-Start an IRA if you qualify, it is tax free money however you cannot withdraw from your account until retirement age (59 and 1/2 I believe)
-It takes money to make money...You will automatically start in the red because of commission fees, so if you are investing just a couple of dollars it will be hard as hell to make money. Invest with more money and commission fees are insignificant.
-Don't start investing unless you are willing to loose the money you invested, (however, it is virtually impossible to loose everything)
-I recommend starting with a couple thousand dollars, at the very least maybe 300-500 dollars.
-To stay safe buy into something reliable and hold it for a while, don't try to make the quick buck.
-To make quick money buy into something after it hits red and sell as soon as it goes into the green and is above your commission fees.
Okay sorry if some of this advice is extremely obvious but I just want to provide a simple basis to answer many of the stupid ass questions asked in this forum. I am sure some of you will probably disagree with me on somethings, that is okay, in fact I welcome it. An open discussion about stocks and personal experiences in the stock market will help everyone learn something in the long run. Good luck, and go out there and make some money!
There is a simple answer to many of these same occurring questions I see on this forum and that is to invest in the stock market. I am not claiming to be an investing guru or anything but I can attempt to provide information as an amateur investor. *Disclaimer*: All information or suggestions in this thread should be used at the reader's discretion and are not guaranteed to bring profits. * With that being said if you are interested in investing in stocks here are a few resources you can use:
http://finance.yahoo.com/
http://www.bloomberg.com/
http://www.google.com/finance
*These sights provide important financial news and stock tickers, News is very important when investing, also researching prices and trends in stocks are important as well.
http://www.tickerspy.com/
(Amazing website where you can compare your portfolio with that of professional investors, including Warren Buffett and Bill Gates)
http://www.peopleandpicks.com/
(Another useful site to compare your stock picks with those of the investing community.)
Start your investing here:
http://www.ml.com/index.asp?id=7695_15125 (Merrill Lynch's web site)
http://www.scottrade.com/
https://us.etrade.com/e/t/home
www.bankofamerica.com (Open a Roth IRA here, they use Merril Lynch for online trades)
Random tips:
-If you do not have a bank account yet..fucking get one!
-Link your bank account with one of the investing sites or (like most bank accounts) use their online investing.
-Start an IRA if you qualify, it is tax free money however you cannot withdraw from your account until retirement age (59 and 1/2 I believe)
-It takes money to make money...You will automatically start in the red because of commission fees, so if you are investing just a couple of dollars it will be hard as hell to make money. Invest with more money and commission fees are insignificant.
-Don't start investing unless you are willing to loose the money you invested, (however, it is virtually impossible to loose everything)
-I recommend starting with a couple thousand dollars, at the very least maybe 300-500 dollars.
-To stay safe buy into something reliable and hold it for a while, don't try to make the quick buck.
-To make quick money buy into something after it hits red and sell as soon as it goes into the green and is above your commission fees.
Okay sorry if some of this advice is extremely obvious but I just want to provide a simple basis to answer many of the stupid ass questions asked in this forum. I am sure some of you will probably disagree with me on somethings, that is okay, in fact I welcome it. An open discussion about stocks and personal experiences in the stock market will help everyone learn something in the long run. Good luck, and go out there and make some money!
Comments
Ill look into it. If I can find a PDF for it on the internet, ill post it here.
i will give one piece of advice however.... if your planning on investing you need to understand and see the whole picture... ====> understanding how the gold price + U.S. treasury bond rates + equity market all affect each other is a good start...
oh, and please - do not listen to jim cramer lol =P
(money money money monaay..... money!!!)
Social media for investing. Someone's always got the latest link to some leaked brokerage research report or comment or something.
FYI: I am not a registered representative of a broker blah blah blah always research before heeding the advice of anyone blah blah blah I'm not responsible if you lose all your money and jump out a window blah blah blah
Really though, in these times, as long as the company you're investing in is in the black, you're likely to make money on it as the economies around the world recover. Keeping tabs of new technologies and the materials they're likely to affect the price of, is a good way of making some cash too.
I break my investments down into three groups. Long-term, less than a year, and ones I plan to sell in the short term when they hit the price I want. I take loans for the long-terms investments, and use liquid capital for the shorter categories. The reason is that you don't want to lose your ass on money you owe.
Yes, I invest...only got about 2300 in the market atm, but that will multiply by next year.
-Research, research, research. Don't watch any "Financial News" unless you want broad info on whats going on, do not take opinions from TV or internet, use your own logic and resources, objectively examine situations and such.
-Another important note: Do NOT let your emotions take ahold of your investment decisions...countless people have lost huge sums because they thought that their first decision in a company was wrong, they end up selling on the way down out of FEAR, and BOOM...turns out market sentiment was wrong, and you had $500 in a 6-bagger (600% gains), but you blew it and sold on the way down.
^^ That is an expensive and disappointing lesson to learn the hard way!!
If you put $$$ on a stock, you should NOT want to sell it even if it drops to half of the price it is when you bought it. Hold solid opportunities, LONG and STRONG!!
-Always be an opportunist! Look for ways you can profit from current economic situations/sentiment, etc. For instance, if the U.S economy collapses, I am going to make a SHITLOAD of money!
I do not like to comment on the stock market, and again I emphasize that I have no idea what the market will do in the short term. However, I will follow the example of a restaurant that opened in an empty bank building and then announced. "Put your mouth where the money was" Today my money and my mouth both say equities.
Thanks