How to invest and earn $?
hkartadi
21-01-2006 06:34:31
Anyone know how and where to learn about stock market investment? I have no idea at all about stock market and investment since I am not a business major. My friend got $2000 in 1 month and made me jealous. And can you tell me about your experience investing online at (for example scottrade)?
Thanks for the help!
liquidskin
21-01-2006 07:45:09
if you have absolutely no idea whats going on.. look into mutual funds and exchange trade funds.
FreeOffersNow
21-01-2006 08:58:14
At 21 you're probably either out of college, or didn't go, but a finance course or two would probably help here. I'm not currently "playing" the market...but yesterday's announcement of weak earnings from some of the top US companies DID cause the DowJones to dive about 200 points into the red (
My only recommendation is that if you're looking to turn a $2000 profit in 1 month...be sure you're also prepared to lose $2000 in that same month.
GiftOrb
21-01-2006 10:08:31
If your interested in starting to trade stocks, I recommend you reading the book Understand Stocks by Michael Sincere. Its basically a stock book for people who know nothing. I just finished reading this a while back, and now I understand the basics at least =]
They also give you some tips and tricks / strategies to use when you do start investing.
tylerc
21-01-2006 10:10:48
What's your reason to invest in the stocks? To get cash now or build a retirement fund or what?
If it's for retirement, just invest in an IRA.
jordan90
21-01-2006 10:52:43
Investopedia.com - they have a lot of information and a stock trading simulator
hkartadi
21-01-2006 10:55:33
[quotef7bf3be205="tylerc"]What's your reason to invest in the stocks? To get cash now or build a retirement fund or what?
If it's for retirement, just invest in an IRA.[/quotef7bf3be205]
I just wanted to get cash. Just like getting a free ipod. My father said, investing has more chances to win than playing casino roll
JUNIOR6886
21-01-2006 11:07:09
I doubt that..... think about Blackjack odds vs Stock market odds wink
hkartadi
21-01-2006 11:36:45
[quotef05aaca190="JUNIOR6886"]I doubt that..... think about Blackjack odds vs Stock market odds wink[/quotef05aaca190]
hm... using black jack chart is 51% winning. Stock market odds is nobody knows ?
bigchan2k
21-01-2006 11:37:35
I suggest you read a book about the basics of the stock market and then read stock blogs (use Google to find them). Maybe a market simulator will help you as well. I have been investing for about a year and a half and I did not take any finance courses or anything even remotely related to finance before I started investing. I have used Scottrade ever since I started, and I find it to be pretty easy to use, but its features are somewhat limited. The fees are less expensive than Ameritrade and Etrade and they have no tiered fee structure, but again, less features than Ameritrade and Etrade.
PoPoJiJo
21-01-2006 11:44:39
just become a pimp and buy some girls u'll do much better then playing the stock market with no knowledge
mikedb
21-01-2006 12:39:13
[quote767ff3ab52="hkartadi"][quote767ff3ab52="JUNIOR6886"]I doubt that..... think about Blackjack odds vs Stock market odds wink[/quote767ff3ab52]
hm... using black jack chart is 51% winning. Stock market odds is nobody knows ?[/quote767ff3ab52]
Actually, im pretty sure thats 51% LOSING... pretty sure...
CoMpFrEaK
21-01-2006 12:46:00
I personally dont think the stock market is something you can learn overnight. It takes time.
My best simulation investment was AMD, bought at around $16.67, still own it and its been hitting around $34-$37 recently. I current think AMD has the potential to hit $42 by the end of 3rd quarter.
Personally i also rate Dell as a buy right now, with anticipated raise during the end of 2nd quarter and biginning of 3rd.
cwncool
21-01-2006 12:57:49
CoMpRrEaK, you have -1 TR? How!?!?!
CoMpFrEaK
21-01-2006 12:59:32
[quote35c935c0f5="cwncool"]CoMpRrEaK, you have -1 TR? How!?!?![/quote35c935c0f5]
1 bad trade
will be restored to 107 again soon
+ a few more due to the request TRs in my trade module
D
[quoteb89d41a93c="mikedb"][quoteb89d41a93c="hkartadi"][quoteb89d41a93c="JUNIOR6886"]I doubt that..... think about Blackjack odds vs Stock market odds wink[/quoteb89d41a93c]
hm... using black jack chart is 51% winning. Stock market odds is nobody knows ?[/quoteb89d41a93c]
Actually, im pretty sure thats 51% LOSING... pretty sure...[/quoteb89d41a93c]
True.dat
FreeOffersNow
21-01-2006 13:34:39
[quotea658b43f3c="CoMpFrEaK"][quotea658b43f3c="cwncool"]CoMpRrEaK, you have -1 TR? How!?!?![/quotea658b43f3c]
1 bad trade
[ba658b43f3c]will be restored to 107 again soon[/ba658b43f3c]
+ a few more due to the request TRs in my trade module
D[/quotea658b43f3c]
Don't be so sure twisted
CoMpFrEaK
21-01-2006 13:37:08
[quoteadf765d594="FreeOffersNow"][quoteadf765d594="CoMpFrEaK"][quoteadf765d594="cwncool"]CoMpRrEaK, you have -1 TR? How!?!?![/quoteadf765d594]
1 bad trade
[badf765d594]will be restored to 107 again soon[/badf765d594]
+ a few more due to the request TRs in my trade module
D[/quoteadf765d594]
Don't be so sure twisted[/quoteadf765d594]
I love you to FON lol
onair
21-01-2006 16:12:12
If you know nothing about stock market, go for index fund. I am a firm believer of CAPM (Capital Asset Pricing Model) and semi-strong market efficiency. It usually peforms a bit better than mutual funds (given the same risk), plus it saves you 2-3% management fee. Any finance guys here? Maybe we can talk about market efficiency (week? semi-strong? or strong), and abornmal risk adjusted return by doing fundamental analysis or technical analysis. I sometimes follow Fisher's investment guidelines. Let's keep this post alive. P
CollidgeGraduit
21-01-2006 16:19:34
[quotef2fac3e861="CoMpFrEaK"][quotef2fac3e861="FreeOffersNow"][quotef2fac3e861="CoMpFrEaK"][quotef2fac3e861="cwncool"]CoMpRrEaK, you have -1 TR? How!?!?![/quotef2fac3e861]
1 bad trade
[bf2fac3e861]will be restored to 107 again soon[/bf2fac3e861]
+ a few more due to the request TRs in my trade module
D[/quotef2fac3e861]
Don't be so sure twisted[/quotef2fac3e861]
I love you to FON lol[/quotef2fac3e861]
Is that like "I love you to pieces"?
hehehhehe
21-01-2006 16:24:51
[quote58097a9186="onair"]If you know nothing about stock market, go for index fund. I am a firm believer of CAPM (Capital Asset Pricing Model). It usually peforms a bit better than mutual funds (given the same risk), plus it saves you 2-3% management fee.[/quote58097a9186]
Exactly. Even people that know a lot about the market use index funds. I never thought I'd see capm mentioned at this forum...
Don't stock pick for investing or to make a quick buck. Only do it if you really enjoy it and losing some money will not hurt you much. And don't give it to someone that says they will make it grow 10x in a week. If someone really had that ability, they'd be worth billions and I don't think I'm exaggerating.
onair
21-01-2006 16:36:35
Index fund is the best, given its risk-return ratio, that is if you believe in CAPM. It takes a lot of luck to out-perform the index by doing stock picking in the long run. Even some fundamentalists switched to index fund. BTW, I wrote a paper about market efficiency and Internet Bubble. The funny thing about finance and stock market is that the more you learn about it, the more confusing you will get. 8)
Eric P
21-01-2006 16:51:17
hire a financial advisor that actually knows the ins and out of the market.
if you dont know the difference between a covered call and tax exemption through muni's then I wouldn't jump the gun and invest money on your own.
onair
21-01-2006 16:57:54
hehehhehe Tell me about your investment strategy.
turpentinedreams
21-01-2006 17:00:33
invest in those companies that sell shares at fractions of a cent... they are most likely for their stocks to grow.
liquidskin
21-01-2006 17:21:58
[quote783c3cff98="turpentinedreams"]invest in those companies that sell shares at fractions of a cent... they are most likely for their stocks to grow.[/quote783c3cff98]
gee, theres a winning strategy. roll
tracemhunter
21-01-2006 20:08:11
i told my mom's boss (a dentist and a major investor) to invest in apple a few months ago and he has made a pretty penny ). he gave me about $600 for letting him know.
on a side note, has anyone seen google?!? it has gone down like $70 this week.
mrwzk
21-01-2006 20:56:56
its because it was only rising because everyone was buying, than once it stopped rising, people sold and since it was high due to tons of people buying it just plumitated, it iwll be back up again just will take a bit
turpentinedreams
21-01-2006 21:04:06
[quote413b6ce647="tracemhunter"]i told my mom's boss (a dentist and a major investor) to invest in apple a few months ago and he has made a pretty penny ). he gave me about $600 for letting him know.
on a side note, has anyone seen google?!? it has gone down like $70 this week.[/quote413b6ce647]i bought some apple stock before thanksgiving.
good times. 8)
onair
21-01-2006 21:26:15
turpentinedreams You said "invest in those companies that sell shares at fractions of a cent... they are most likely for their stocks to grow." It is true, but you have few things to consider
1. Penny stocks are much more risky because they have a greater variance.
2. Penny stocks are less liquid; it is harder to buy or sell them in bulk.
Thus, it's true that they yield a higher return, but they do not give you abnormal risk adjusted return in the long run. Plus, you have to take your liquidity perference into account.
onair
21-01-2006 21:27:52
I am thinking of having a stock picking game, and I will reward the winner. Any thoughts?
ilanbg
21-01-2006 21:50:48
Invest in Apple. They've been going up for well over a year now and they've tripled their value or more, I think.
hehehhehe
21-01-2006 22:05:57
[quote6056770d98="ilanbg"]Invest in Apple. They've been going up for well over a year now and they've tripled their value or more, I think.[/quote6056770d98]
I think it might be overvalued, I wouldn't buy it.
onair
21-01-2006 22:20:49
Same here. I think it's over-valued. However, I believe someone can profit a lot from it, short-term wise. I am thinking of short selling Apple.. )
bigchan2k
21-01-2006 22:44:41
On the contrary, I think you should buy Apple here on its pullback. Its is one of the market's leading stocks and I would definitely not go against the trend (which is clearly up). Its earnings are still growing at a rapid pace and its market share of the PC market is rising.
I've been holding Apple stock since October 2004 and have added to my position many times since.
tracemhunter
21-01-2006 23:03:22
i have a feeling apple will top out at around $110 or so in the next few months.