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Old 03-31-2010, 04:05 PM   #1
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Well the time has come for me to get a little more serious about my future and I decided to get into stocks. My brother has done extremely well over the years, and so have my parents. The gf is pretty into them and just bought some more lastnight.

Here I am, letting the world pass me by, not taking a chance on something so easy to set up. So I decided to finally open a Etrade account and give it a shot.

I don't plan on going crazy, but rather to invest the extra money that I would otherwise spend on booze and strippers. I know its a long term thing and I don't expect to sell anything I buy within in the first year, but who knows.

How many of you guys stick your tip into the market?
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Old 03-31-2010, 04:06 PM   #2
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google. when they take over the world, you will be rich.
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Old 03-31-2010, 04:23 PM   #3
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google. when they take over the world, you will be rich.
When? The future is here.
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Old 03-31-2010, 04:27 PM   #4
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I've also considered this as well... Never pulled the trigger though. Just sticking with putting 12% of my paycheck into my 401K every week thus far.
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Old 03-31-2010, 04:31 PM   #5
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I have a few shares of a company that is falling apart, I fail at making money. If I had more disposable income I would probably research and invest some.
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Old 03-31-2010, 04:38 PM   #6
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I have a couple companies that I'm definitely going to invest in, but only one primary company that I have much faith in over the course of the next year. The other ones are more or less recommendations from family and my gf.

I just added about 12 different ones onto my watch list. Now I need to take some time to learn a little more about how this works and do some research over the next couple weeks.
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Old 03-31-2010, 05:26 PM   #7
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i own some apple stock. it's been a couple years so it's been all over the place. as cheap as $100 and as much as mid 230s.

i don't care much about the ipad personally, but that **** is sellin like hotcakes.
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Old 03-31-2010, 09:36 PM   #8
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Quote:
Originally Posted by Vashthestampede View Post
Well the time has come for me to get a little more serious about my future and I decided to get into stocks.
Just so you know, you are getting ready to lose all your money. Well, maybe just most of it. This will be the best advice you will ever get on the stock market (I'll give you a minute to get something to write this down)....


... Never put more than 10% of your investment money into a single individual stock.


You are a dumb *** (just like all of us are in the market) and you will lose your money. If you do not want to gamble then just invest in the S&P 500, or Dow or something like that. Put your money in and leave it there. If you touch it you will lose it. If someone tells you about a can't miss stock you will lose your money on it. If you watch CNBC and they tell you a stock is going to go up you will lose your money on it. I'm sure some people will argue with me but they are wrong and I am right and I won't reply back to their posts so I don't care <G>.
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Old 03-31-2010, 09:54 PM   #9
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i own some apple stock. it's been a couple years so it's been all over the place. as cheap as $100 and as much as mid 230s.

i don't care much about the ipad personally, but that **** is sellin like hotcakes.
Jobs is sick... probably terminal. When he dies, Apple stock will crash. That's the time to jump on either buying the stock, or go long and buy contracts for it. Only go out to the end of current quarter, then get out.

The stock price will recover when they turn in a reasonable quarter despite Jobs no longer being at the helm.

How's that for a morbid strategy?
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Old 03-31-2010, 11:01 PM   #10
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you guys see the tivo stock a few weeks ago after it won that suit against direct tv? it literally went up like $12 in a day, doubling its price. Now that would have been a good buy before the lawsuit haha.
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Old 03-31-2010, 11:23 PM   #11
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Skynet (google) ftw!! Wish I would've gotten in on that **** even recent as couple years back.. Its only going to grow..

Quote:
Originally Posted by y8s View Post
i own some apple stock. it's been a couple years so it's been all over the place. as cheap as $100 and as much as mid 230s.

i don't care much about the ipad personally, but that **** is sellin like hotcakes.
Srsly man, They could slap an apple label on a box of **** (iTurd) and people would buy it JUST BECAUSE IT COMES FROM APPLE! Quite honestly I don't think their **** isn't all that but millions seem to think so.
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Old 04-01-2010, 11:32 AM   #12
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I have a couple grand in CBAI. It is a stem cell company...They used to be up at a couple dollars but now is a penny stock. Everything points to them going back up one day...that's when I'll be rich...rich I tell you!!!!!!!!!!
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Old 04-01-2010, 11:40 AM   #13
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First thing you will want/need to do is close your E-trade account.

Transfer all your accounts over to something like Scott Trade

E-trade will charge you like $20 a month for NOT buying or selling a stock. Where Scott Trade does not do that.

If you plan on doing a lot of trades you will also save money as E-trade charges $20 a trade and Scott Trade is like $7
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Old 04-01-2010, 12:34 PM   #14
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Originally Posted by miatamike View Post
First thing you will want/need to do is close your E-trade account.

Transfer all your accounts over to something like Scott Trade

E-trade will charge you like $20 a month for NOT buying or selling a stock. Where Scott Trade does not do that.

If you plan on doing a lot of trades you will also save money as E-trade charges $20 a trade and Scott Trade is like $7
actually etrade is 9.99/trade but can decrease.

and there is only a $40/quarter charge if you dont make 1 trade per quarter OR don't maintain a $2000 minimum balance. or use bill pay 2x a quarter.

Scottrade requires only $500 minimum balance, but their site doesn't really say that anywhere and I don't know the fee associated.

I would say use the service you like best. There's not really any need to switch providers at this point unless you can't stand etrade or need the 2 dollars per trade. for what it's worth, once you're making 149+ trades per quarter, etrade is cheaper
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Old 04-01-2010, 12:36 PM   #15
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Scottrade ftw.
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Old 04-01-2010, 02:24 PM   #16
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Quote:
Originally Posted by rmcelwee View Post
Just so you know, you are getting ready to lose all your money. Well, maybe just most of it. This will be the best advice you will ever get on the stock market (I'll give you a minute to get something to write this down)....


... Never put more than 10% of your investment money into a single individual stock.


You are a dumb *** (just like all of us are in the market) and you will lose your money. If you do not want to gamble then just invest in the S&P 500, or Dow or something like that. Put your money in and leave it there. If you touch it you will lose it. If someone tells you about a can't miss stock you will lose your money on it. If you watch CNBC and they tell you a stock is going to go up you will lose your money on it. I'm sure some people will argue with me but they are wrong and I am right and I won't reply back to their posts so I don't care <G>.
^This.

I would go to a discount house like Vanguard and open an account. Buy broad based mutual funds and not industry specific. Buy small cap index funds or mid cap index funds and enjoy the tiny .15 expense ratio. Buy and watch it grow without the hassle and loss.

The vast majority of people in the market are giving money to the big traders and to the brokers. They make money off of you. That is what they do. That is where their money comes from - your pocket. You are some spectator from the cheap seats that just got called in to bat for the home team. This is the big leagues. Do you really think you can hit the breaking ball? The fast ball? You'll be whiffing at three pitches and you'll be out of there. You can throw the money away on your car and enjoy it more than if you throw it away on some banker's Mercedes payment.

I know a former professional trader who managed millions daily if you really want to learn something, but his advice to me was to leave it alone.
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Old 04-01-2010, 03:34 PM   #17
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I've had an account with TD Ameritrade for like 8 years and they have been great. 95% of the time I don't have any money in it and I've never been charged a fee aside from the $10 or whatever it is to make the trade.

Occasionally I'll come into a little extra money, decided to put it all in one super risky stock hoping to double my money and pull it out... Then the stock crashes, and I sell it for half what I bought it for. Then a few years later I do it all over again.
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