how are your portfolios doing overall?

gains? losses?

you guys read my mind
this thread is just what I needed since I opened a scott trade account today

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Summary of an ASOT episode:

- The newest tunes selected!!!! the hottest tracks in a row!!!! here is your host arrrrrmin van buuuuuuuuhreeennnnnhnnhhn
- hello and welcome glad u cud join us this is a state of trance episode blah blah blah
- waaaaaaaaaaaaaaaaaaah waaaaaaaaaaaaah whineeeeeeeeeeeee blah blaaaaaaaaah
- that was the newest track by blah bla and before that was blaaaaaaah
- waaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaa....the end
Vomit-inducing trifecta tunage: Zocalo | Summer Dream | Shivers

quote:

Originally posted by SidMl GM's selling their foreign, profitable businesses to pay for losses in the US. Throwing good money after bad. IMHO they should stop focusing on size and market share and instead cut their lines and look after profits. Other than that, I don't really know anything about their operating financials.

Or they could stop making crappy cars. I was watching the news regarding GM and the quality of their cars. Mechanics overall stated that a GM car will break down more times in 5 years than a Toyota in 10 years. So far Toyota has taken the lead over American manufacturers when it comes to quality.

P.S. - Buy low, sell high.

quote:

Originally posted by Azz3D you guys read my mind this thread is just what I needed since I opened a scott trade account today

be careful man, don't do anything we say unless you fully understand the situation of the trade / investment.

do you have enough to trade options?

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In the beginning there was Jack. And Jack had a groove. And from this groove came the groove of all grooves. And while one day viciously throwing down on his box Jack boldly declared "Let there be house!" And house music was born. I am the creator and this is my house and in my house there is only house music. But I am not so selfish because once you enter my house it then becomes our house and our house music and you see no one man owns house because house music is a universal language spoke and understood by all. You see, house is a feeling that no one can understand really unless you're deep into the vibe of house. House is an uncontrollable desire to jack your body and as I told you before this is our house and our house music. In every house you understand, there is a keeper and in this house the keeper is Jack.

quote:

Originally posted by madhattared be careful man, don't do anything we say unless you fully understand the situation of the trade / investment. do you have enough to trade options?

don't worry, I won't buy anything anytime soon
I need read A LOT first before I make any moves
I don't want to rush into it

they have a $500 minimum deposit (which is what I have currently), I'm assuming that's not enough to trade options...

___________________
Summary of an ASOT episode:

- The newest tunes selected!!!! the hottest tracks in a row!!!! here is your host arrrrrmin van buuuuuuuuhreeennnnnhnnhhn
- hello and welcome glad u cud join us this is a state of trance episode blah blah blah
- waaaaaaaaaaaaaaaaaaah waaaaaaaaaaaaah whineeeeeeeeeeeee blah blaaaaaaaaah
- that was the newest track by blah bla and before that was blaaaaaaah
- waaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaa....the end
Vomit-inducing trifecta tunage: Zocalo | Summer Dream | Shivers

quote:

Originally posted by stevieboy32808 Or they could stop making crappy cars. I was watching the news regarding GM and the quality of their cars. Mechanics overall stated that a GM car will break down more times in 5 years than a Toyota in 10 years. So far Toyota has taken the lead over American manufacturers when it comes to quality. P.S. - Buy low, sell high.

American cars, and American manufactured goods in general, were never built for durability (at least in the last 30 years). Buy, use, replace. That's why they try to introduce new models every year, to keep people buying. The Ford Model T stayed the same for a decade* and the European car manufacturers still have long design cyles. GM just can't compete in open global markets. IMHO Ford still has a fighting chance.


* I just made that up, but it was a really long time.

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I lost my sig

Some more free advice for anyone who wants to take it.

A couple of months back I realized that I was making enough money but spending all of it. So now, from every paycheck I move a portion into my trading account. Each paycheck, I pick one new stock or add to an existing position and rarely sell anything. I don't mind if I these stocks go down, because I probably would have squandered the money anyways.

I spend the days leading to each paycheck thinking about what I'm going to invest it in. It's tons of fun. Since it's only bi-weekly, I don't make impulse buying decisions. And since I know I'm not going to sell anything near-term I don't spend too much time watching my portfolio.

I now have a decent amount in 10 stocks and it feels great. Time flies and before you know it, small amounts add up.

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I lost my sig

quote:

Originally posted by SidMl I now have a decent amount in 10 stocks and it feels great. Time flies and before you know it, small amounts add up.

you're better off putting that money in index funds. if you do this for 10 years, you'll be shocked at how fast it grows, basically every week buy an even amount of each. IJJ IJS

they're a better because a stock can go to zero, these won't ever.

___________________
In the beginning there was Jack. And Jack had a groove. And from this groove came the groove of all grooves. And while one day viciously throwing down on his box Jack boldly declared "Let there be house!" And house music was born. I am the creator and this is my house and in my house there is only house music. But I am not so selfish because once you enter my house it then becomes our house and our house music and you see no one man owns house because house music is a universal language spoke and understood by all. You see, house is a feeling that no one can understand really unless you're deep into the vibe of house. House is an uncontrollable desire to jack your body and as I told you before this is our house and our house music. In every house you understand, there is a keeper and in this house the keeper is Jack.

If you're putting money away weekly, watch out for those brokerage fees. Putting it in ETF's like IJS and IJJ will cost you a lot if you do weekly transactions since they are subject to regular trading fees. If you do plan on making frequent, small contributions, you're best off putting it in a mutual fund that'll just track the indices. Mutual funds rarely charge anything upfront but instead have higher expense ratios than equivalent ETF's. This, however, isn't as costly as the brokerage fees when you're making lots of small transactions.

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mmmm.. delicious...

quote:

Originally posted by madhattared you're better off putting that money in index funds. if you do this for 10 years, you'll be shocked at how fast it grows, basically every week buy an even amount of each. IJJ IJS they're a better because a stock can go to zero, these won't ever.

agreed. a decently diversified portfolio is also unlikely to go to zero. also part of my incentive is getting to choose the investments. a single index tracker might get boring but I do have a some country and sector iShares.

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I lost my sig