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-- Investing in the Stock Market
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quote:

Originally posted by Shakka What is that--some Fibbonaci work?

Yes, Fibbonaci retracement levels.

I've just got my 1st proper well paid job at 19...i'm on �13,000 with bonuses up to �20,000.
I have read about the stock market before as i've always had an interest in it but never had the money to commit. Over the next year i will probably try to put �2000-3000 aside for the stock market.
Are there any tips you can give me?
All money in one place?
Penny Stocks?
Invest in market giants?
Do you use stock brokers or buy stocks yourself?

Any tips will be MUCH appreciated

quote:

Originally posted by Jackson I've just got my 1st proper well paid job at 19...i'm on �13,000 with bonuses up to �20,000. I have read about the stock market before as i've always had an interest in it but never had the money to commit. Over the next year i will probably try to put �2000-3000 aside for the stock market. Are there any tips you can give me? All money in one place? Penny Stocks? Invest in market giants? Do you use stock brokers or buy stocks yourself? Any tips will be MUCH appreciated

I wish I was some investment guru like Warren Buffet or Shakka but I am having good luck in insurance the company I own is MIG. It has risen over a dollar in two weeks and or maybe less but has risen in value by 3$ in 3months. I also have money in a penny stock and I hope it will go up in value b/c I own 924 shares.

quote:

Originally posted by metalgearsolid I wish I was some investment guru like Warren Buffet or Shakka..

Probably one of the nicest complements (and definitely most inaccurate comparisions) I've ever received here. Thanks though! At the end of the day I'm just another guy trying to make educated guesses about the future of various companies within a large macro context.

quote:

Originally posted by Shakka Probably one of the nicest complements (and definitely most inaccurate comparisions) I've ever received here. Thanks though! At the end of the day I'm just another guy trying to make educated guesses about the future of various companies within a large macro context.

Your welcome!

invest in the stock market only if u want to do research and homework. or else, put the money in mutual fund.

quote:

Originally posted by Jackson I've just got my 1st proper well paid job at 19...i'm on �13,000 with bonuses up to �20,000. I have read about the stock market before as i've always had an interest in it but never had the money to commit. Over the next year i will probably try to put �2000-3000 aside for the stock market. Are there any tips you can give me? All money in one place? Penny Stocks? Invest in market giants? Do you use stock brokers or buy stocks yourself? Any tips will be MUCH appreciated

Shakka can you believe this crap? My stocks are doing good. I bought MIG at 8dollars and its at 10.71 and its going to be more than 11 I bet. I also bought shares in MTSX at 2.11 and its at 2.28 I am doing good man. I am so proud of myself its the first time my value assets are over three thousand!

quote:

Originally posted by metalgearsolid Shakka can you believe this crap? My stocks are doing good. I bought MIG at 8dollars and its at 10.71 and its going to be more than 11 I bet. I also bought shares in MTSX at 2.11 and its at 2.28 I am doing good man. I am so proud of myself its the first time my value assets are over three thousand!

Congratulations. Now don't let your gains get eaten up by commission costs and short-term capital gains taxes!

what is going to be the next big thing? I wanted to investin nano tech companies but I have no clue who they are and if there were space companies I would invest in them.

quote:

Originally posted by metalgearsolid what is going to be the next big thing? I wanted to investin nano tech companies but I have no clue who they are and if there were space companies I would invest in them.

On the way to the next big thing...a rule of thumb is that most companies that are after the "next big thing" will invariably fail. A few will be successful, and a few will be lucky enough to be gobbled up by a bigger player, but the vast majority of them will probably fail in the long-run. Just do your research and make sure you use a skeptic's eye before you ultimately plunk down your money.

quote:

Originally posted by Purple Oil touched 78$/barrel, gold is at 660+; both because of geo-pol situations in Israel. But surprisingly USD didnt had much fall. USD selloff pending next week; sell USD/CAD as it is the best bet. With rising commodity prices like of oil and gold Canadian Dollar always gets stronger. Heading down to 1.0400, some banks and analysts say it will be at par with USD one day, ie 1 USD = 1 CAD.

Just to update you guys; since this post was made; USD/CAD was more or less at the same price. If we assume metalgearsolid would have sold one lot on the day of that post; with 2000USD equity; till now he would have paid 100USD on interest money to his broker. The current price is 129.71 at the time of making this post. That means he is in 40 pips profit, which equals 400USD.

So net balance is 400USD - 100USD = 300USD floating unrealised surplus.



As you can see in this chart above, the trendline is still holding, as well as Fibo resistances. Another red curve coming down is 200 days moving average price line.

Its better to move the stoploss point to breakeven and lets hope its touches 1.1050 atleast by next Friday.

quote:

Originally posted by Shakka

Shakka, give me some companies to invest in that have had their shares per price go up? PLEASE?

quote:

Originally posted by metalgearsolid Shakka, give me some companies to invest in that have had their shares per price go up? PLEASE?

Um, shares per price going up would mean price per share going down, no? In any event, past performance is not an indicator or guarantee of future performance. With that said, today's market action was quite interesting. If I were investing, I'd put my money in defensive stocks and long dated bonds right now. That's just me. I think we're going to have a recession in the next 12-18 months.

quote:

Originally posted by Shakka

Shakka, what are some suggestions on getting started in the stock market. I started watching Jim Cramer a while back, do you know any good books that give you an idea of it?

I have Cramers real money and . Benjamin Graham's "The Intelligent Investor" but to start out with, they are tough. Any other ideas?

Thanks in advance.

Shakka, this is by no means meant to be a challenge, as I have heard both sides of this arguement, but I side with a number of others who say the economy is going to softly land and then grow at a rate of about 3%. This slower rate of growth, so I have heard many say, would bring back the bulls, but of course not to the extent of the 90's. They site the resiliant consumer spending in the face of high gas and energy prices is good evidence of this. Anyways, I really think a lot rides on what the Fed does with interest rates comming up. I think if he raises them the markets will, of course, fall apart, then I believe a more defensive strategy is in place. However, if he doesn't we can be in for a nice rally. Really, nearly every analyst is on either side, so at this point its basically like gambling, but goddamn you gotta love the stakes.

I would invest in paper-mate pencils. My boil on my left arm is acting up again and whenever that happens paper-mate goes up.

OHI seems like a good company and they pay dividend:.22 a share.

quote:

Originally posted by kush paintings Shakka, this is by no means meant to be a challenge, as I have heard both sides of this arguement, but I side with a number of others who say the economy is going to softly land and then grow at a rate of about 3%. This slower rate of growth, so I have heard many say, would bring back the bulls, but of course not to the extent of the 90's. They site the resiliant consumer spending in the face of high gas and energy prices is good evidence of this. Anyways, I really think a lot rides on what the Fed does with interest rates comming up. I think if he raises them the markets will, of course, fall apart, then I believe a more defensive strategy is in place. However, if he doesn't we can be in for a nice rally. Really, nearly every analyst is on either side, so at this point its basically like gambling, but goddamn you gotta love the stakes.

I certainly don't profess to know for a fact what is going to happen. I just have a feeling about things. There are so many things that could happen. Record debt levels, slowing consumer spending, new Fed chairman, slowing housing market, geopolitical uncertainty, sky-high energy prices, rising interest rates, inflation, record trade imbalance, weaker dollar, etc. It's anybody's guess how all of the indredients will come together and ultimately pan out, but it's best to be positioned for the worst while hoping for the best, IMO.

quote:

Originally posted by Kapedan Shakka, what are some suggestions on getting started in the stock market. I started watching Jim Cramer a while back, do you know any good books that give you an idea of it? [quote] Sure, open an account and start doing research. I think ETF's are a great tool for investors to use to diversify, though you should still do some research to make sure you know what you're really buying. As much as I honestly can't stand Jim Cramer, he does actually offer some pretty sound advice and knows a lot about what he's talking about. He's just so damn obnoxious! If nothing else, it's always good to know how other investors (even some on the borderline loony fringe) just to know what other peoples' expectations are. [quote]I have Cramers real money and . Benjamin Graham's "The Intelligent Investor" but to start out with, they are tough. Any other ideas? Thanks in advance.

Are they tough? Investment books are great and I wish I got to read more of them. I just ordered a slew of books to take on vacation with me. Graham's book is one of 'em. I've heard it's a good one though. An easy one to read that is well known among the Street is Liar's Poker. It's an entertaining autobiographical piece about a guy's rise through the ranks during the 80's when people like Michael Milken, John Geutfriend any many others left their marks. I also read a book called "Beating the Business Cycle" which wasn't exactly entertaining, but it was at least instructive. It's funny to look back at books that were written in the late '90's, like Dow 36,000.

Here are some others I am about to read.

You Can Be a Stock Market Genius: Uncover the Secret Hiding Places of Stock Market Profits by Joel Greenblatt

Buffett: The Making of an American Capitalist by Roger Lowenstein

When Genius Failed: The Rise and Fall of Long-Term Capital Management by Roger Lowenstein

Reminiscences of a Stock Operator by Edwin Leferve

Den of Thieves by James Stewart

The Great Crash 1929 by John Kenneth Galbraith

The Little Book That Beats the Market by Joel Greenblatt


Extraordinary Popular Delusions and the Madness of Crowds by Charles Mackay

And then when you decide you really love free market capitalism, go read Atlas Shrugged by Ayn Rand!

wow thanks! I look forward to reading Buffet's book.

To answer your question. Yes, for me they are tough, and thats because I dont have much knowllege about the stock market.

Im going to be ordering a couple of those and read them and get an idea. Thanks again man!

No problem. Also, do yourself a favor and sign up for John Mauldin's weekly update (it's free). I find him to be very insightful and knowledgeable about markets. He is also very instructive so you can learn a lot by reading his newsletter. There are plenty of other good resources out there that are free. You can go to Pimco's website and read the monthly updates from Bill Gross and Paul McCulley. They are extremely well regarded and knowledgeable about quite a bit (though reading their commentary can be a bit dull at times). Check out Berkshire Hathaway's website and read annual letters written by Warren Buffet. Many people take his word as gospel. Basically, just dig in and use what's available to you.

1) John Mauldin's Throughts from the Frontline

2) PIMCO --Plenty of great commentary.

3)Berkshire Hathaway letters to shareholders

Lastly there's certainly no harm in getting a Wall Street Journal subscription and/or a subscription to Barron's.

Cheers.

Wow, great info. Ill check them out. Thanks Shakka! You are the man!

i had to mention this, just for shits and giggles.

quote:

Originally posted by metalgearsolid Oddly, enough I won't be the one stuck at a deskjob.

no, im sure once your AWESOME stock choices kick in youll be rolling in more money than donald trump.

quote:

Originally posted by metalgearsolid shit today was a real bad day. $3,125 and one of my comanies went bankrupt so I lost $700. Shit man the worse thing is ETRADE won't let me fucking sell they allowed me to buy but I can't sell. ******s.

i hear theyre selling some really cheap cardboard boxes for people like you looking to move out of home. with such an awesome display of market savvy you should be laughing at me and my desk job any time soon.

i have about $4K in the bank, i earned 15c interest last financial year. so im already doing better than you, and i didnt take any risks at all.

oh, did i mention the additional $10K a year im receiving from rental income? and i cant wait to go see my accountant and work out how much of a tax break im gonna get.

if you go back to the start of this thread, youll realise i was trying to help you out when you posted this thread, and you were rude and sarcastic. so for the record, you started all this lovely abuse between us. and you are yet to score a point. tsk tsk.

quote:

Originally posted by pkcRAISTLIN i had to mention this, just for shits and giggles.

You made a mistake that was like over a month ago. I am doing fine and actually a lot better. tsk tsk I am earning dividends and my net worth has increased dramatically from when I was doing bad.

nobody ever made any real money investing such small amounts.

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