Stocks Investing MONEY : Education?!! Pinkys : OTC

pady999

Thats what i'll probably end up doing. Selling RGSE if it goes up tomorrow and then watching PLUG over the next couple of days to see if I can get in on a decent dip. They just announced that they are signing a deal with an automobile mft. within the next 2-3 weeks. Just this news made it skyrocket today. Can't image what the actual signing of the deal will do.

Chuck33079

If they announced the deal already, most of the move is done already. Trade the rumor, sell the news.

Or just buy stuff based on solid balance sheets and hold it long term.

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Redsmoke89

Waiting for a but more cash in my brokerage account to do any steady trading. Seems like making small moves after the "free trades" is pretty much worthless. Going to wait till I have at least $1000 in the account to do any more moves. Chuck any suggestions for someone who can barely watch the market during the day? I'm military and when I'm in my building we aren't allowed to have phones. I was thinking just to put all my extra cash into mutual funds but where's the fun in that?

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Chuck33079

Buy index etfs and hold them?

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Redsmoke89

Hmmmm, i will be looking into this with outrageous amounts of reading this week

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ZeeingAround

All the fuel cell stocks suck, such as PLUG. That is a day traders game getting run up like a gang bang on Amber Rayne. Sounds good for one second, then your brain kicks in.
Maybe you daytrade, so I could be off here.

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bdavis89

Where do you find index etfs? Everywhere I look everything is called mutual.

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Chuck33079

For the s&p500, I use IVV. iJH and IWM for small and mid cap. You can be more specific-XLF is financials, XLE is energy, XLU is utilities and so on. I use ishares for most of mine. First trust has a lot of actively managed ones that are pretty good. FVD is their dividend growers etf. I only use them for equities- I like active management for fixed income so I use mutual funds.

A monthly purchase into a s&p500 etf won't ever be exciting, but over time you'll beat 99.995% of the day traders and 95% of the mutual fund managers.

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NickTurnon

RGSE took a real dip the past couple days. I added it on my watchlist, but its not looking promising. Especially from the 4th quarter losses

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412Z

Would anyone recommend buying BAC right now?

birdmanx1

This guy knows his stuff and has the best advice on this thread. jaytirbhaw good for you starting earlier bro. If you get into the habit of automating contributions and dividend reinvestment, you'll get the benefit of Dollar Cost Averaging as well as Compound Interest. Following Chuck's lead, max out whenever possible 401k match, if you can even go up to a year of expenses for emergencies more power to you. Max out Roth IRA (Pick one out of Trowe/Vanguard/Fidelity). Open a Brokerage account (Tradeking best IMO with some of lowest commission fees and excellent customer service). Finally if you can also get some ETFs (energy) and hold for a while, that'll help. Extra unexpected money could go a long way towards your retirement future, education or fun travel. That's really all you got to do right now bro


Vanguard has some of the lowest expense ratio etfs and has been the leader far longer. Follow this list for the link of all their ETFs or sector specifics. ETFs LINK
Yes yes yes. I'm buying it on a monthly basis through financial ETFs and individually on a biweekly basis through brokerage account. There is a chance the share price may or may not be in the 30s/40s/50s in 5 years granted the bank continues on the path it has been for a while now. May not be a smooth ride but when it drops that means you get to own more

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Chuck33079

Not my personal favorite of the financials, but if you buy it on a really bad day you could make some money. My favorite financial that I've bought is TROW.

I'm glad we're finally talking about stocks that are worth buying. A lot of us can get caught up in the penny/otc stuff because, when it works you can make a lot of money. When it works. 99% of the time, you're not going to make a lot of money because they happen to be priced at what they're worth. The market isn't completely efficient, but it does a pretty good job of things. So if something is only worth a half cent, your only hope of making some money is to wait for the next pump and dump and bail out.

There's nothing wrong with pennies for a small sliver of your portfolio- like 5% or so. It's fun. It's like playing roulette. It's exciting to watch the little ball roll around, and when you win you win big. But the odds suck. The best odds in the house are playing blackjack and following the rules. That means a few things:
Buy good, solid long term track records of growth.
Don't be afraid of really boring stocks with good dividends- money is money.
Systematic investment is king. Dollar cost averaging is key. It's why you'll usually have a hard time beating the rate of return you get in your 401(k) if you're allocated properly.
Take your profits. Don't get greedy- hogs get slaughtered.
Be smart about your losses- use them to offset gains for tax purposes.
Make sure the move is worth the cost- opportunity cost, taxes and brokerage fees add up. Did you really make any money? How much stress did you have for that $150? Was it worth it?
Investing is not gambling- make decisions cold. Don't let your emotions get in the way.
Set your exit points when you buy the stock. Put in GTC orders to take it out of your hands. That can be 10,15,20,25%,whatever. But put in the order so you won't get greedy at the last minute.
Don't get cute. There's a reason the rules work.

And lastly, and most importantly, stop thinking so short term. It's easy when you start out to want to make a bunch of money in a quarter. Most times you'll just give it back next quarter. Look 3-5 years out. Unless you're currently retired, you've got a long enough horizon for that and it's much easier to make money on that scale.

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FPenvy

usually i dont like when someone says BAC.....especially if it's a cop

sorry it's friday

now back to the serious stock talk.

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Meulen

I'm still messing with ZNGA. Selling another round of puts short after taking my gains on the calls.

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Chuck33079

That mandatory hold did you right, huh? I wish I had gone farther out on those calls.

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