Re: stock market tips
[Re: adam m]
#6121052
01/10/18 11:28 PM
01/10/18 11:28 PM
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Joined: Apr 2009
Posts: 1,148 Illinois
ringtailtrapper
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trapper
Joined: Apr 2009
Posts: 1,148
Illinois
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pigs get fed, hogs get slaughtered !!
For Sale, Quality Racing Possums
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Re: stock market tips
[Re: adam m]
#6121081
01/10/18 11:54 PM
01/10/18 11:54 PM
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Joined: Dec 2006
Posts: 2,958 Va
pass-thru
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trapper
Joined: Dec 2006
Posts: 2,958
Va
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You said you are not planning on investing as much as a $1000 in individual stocks. If you are doing this for fun or for a learning experience, then OK. As an investment, that is not a good strategy for individual stocks. You will have to pay to buy, and pay to sell. So the key is volume. I would say at least $1000 per stock. But putting all the eggs in one basket is a bad strategy due to inherent risk. Good starting point is 10 different stocks. So a good entry point into the stock market for individual stocks is at least $10,000.
Otherwise, I recommend other strategies for investment: paying down debt, having enough emergency cash on hand to raise insurance deductibles (which saves a lot of money over time), paying down a mortgage...or if your rent, saving a down payment to buy a house.
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Re: stock market tips
[Re: adam m]
#6121270
01/11/18 09:06 AM
01/11/18 09:06 AM
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Joined: Dec 2008
Posts: 1,745 eastern washinghton
70sdiver
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trapper
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eastern washinghton
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I have a few accounts one is ameritrade that I only have 800 dollars in I use it for charting to pick my entry and exit points.I also have a robinhood account no fees you buy no fee you sell no fee ,day trader rules apply as with all accounts so if you buy and sell on the same day stay under 2 trades a week using the buy and sell same day tactics.You can make a good amount of money in robinhood swing trading that you couldn稚 with a fee based brokerage house.I set all my grand children an account thru their parents and when you recommend a friend or family member you get a free share of stock and so do they.A few stocks I知 swing trading are jcp and ssc.another stock I知 heavy in is rite aid .Rite aid is a hold for longer term as a turn around play.I opened robinhood in sept and have managed a 38 percent return.If you want to learn the stock market you have to play in it,read a lot then get your feet wet with money you can loose.
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Re: stock market tips
[Re: adam m]
#6121373
01/11/18 10:56 AM
01/11/18 10:56 AM
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Joined: Feb 2014
Posts: 25,692 nm
adam m
OP
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OP
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Joined: Feb 2014
Posts: 25,692
nm
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Pass-thru, I was looking at about 12 company stocks and the total for a share with all of the 12 would be $150+- yesterday. I guess I just want to get my feet wet and see if a little will turn a profit in a certain time frame, say 3-6 months then decide what to do next. I noticed that some of the DRIP stocks have a a minimum of at least $200-$1000 buy in while others don't. Some you can buy directly from the company others you can't.
LBEE when you research the stock are you looking at the past 3 years? The ones I've was looking at especially the medical marijuana ones have a steady climb over 3yrs. With their shares being low cost and steady climb I am considering them.
Last edited by adam m; 01/11/18 10:56 AM. Reason: stupid phone puts wrong words
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Re: stock market tips
[Re: white17]
#6121463
01/11/18 12:40 PM
01/11/18 12:40 PM
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Joined: Mar 2009
Posts: 1,422 Akron, Ohio
bass10
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trapper
Joined: Mar 2009
Posts: 1,422
Akron, Ohio
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Adam, Charles Schwab has an Intelligent Portfolio that handles everything for you. You take a test on your goals, level of pain, etc. Unfortuantely you have to have $5000 to start this. Fortunately you can start investing in some REITs on your own for as little as a $50 start. Then after years when you get to $5000 you can have them take over. I am pretty investing savvy and love this companies fees and ease. One rule many people have and one of mine is to never invest in ANYTHING you don't 100% understand. I think this is very time consuming to understand every investment. You have to make money while you're sleeping so good luck.
"The more people I meet the more I love my dog!"
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Re: stock market tips
[Re: LBEE]
#6121539
01/11/18 01:50 PM
01/11/18 01:50 PM
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Joined: Sep 2012
Posts: 914 Perry, NY
Dana I
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Posts: 914
Perry, NY
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Buy Low sell Hi
Don't try to Time the Market
Buy on Market Dips
Buy Stocks with a Good Dividend....Use dividend to buy more or reinvest in a Drip account which has a charge if you do it that way. Remember Tips are for Waiters.
Research Stocks before investing in them pays off.
The Market has been very good for me...Been Debt Free for 10 years....Thanks to the Market to pay off Debt.
Just some of ways I've used for success in the Market. Sorry but buy low sell high, and buying on market dips are both examples of market timing. I agree limiting market timing is good in many cases but eliminating it is nearly impossible. I have never invested outside of my retirement account and have been thinking about setting aside a small amount of money to play with. I know that the fees on small purchases would make real profits hard to come by, but is this a good way to start just for fun and to get a feel for it before investing serious money?
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Re: stock market tips
[Re: LBEE]
#6122356
01/12/18 08:19 AM
01/12/18 08:19 AM
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Joined: Mar 2009
Posts: 1,422 Akron, Ohio
bass10
trapper
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trapper
Joined: Mar 2009
Posts: 1,422
Akron, Ohio
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Dollar cost averaging, look it up and understand it.
"The more people I meet the more I love my dog!"
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Re: stock market tips
[Re: pass-thru]
#6122384
01/12/18 08:58 AM
01/12/18 08:58 AM
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Joined: Jan 2014
Posts: 2,218 MI
lebowski
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Joined: Jan 2014
Posts: 2,218
MI
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100% agree with this Here's a tip: if you have debt, pay it off before considering other investments.
"Yeah, well, you know, that's just, like, your opinion, man."
--The Dude
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Re: stock market tips
[Re: adam m]
#6122401
01/12/18 09:34 AM
01/12/18 09:34 AM
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Joined: Dec 2008
Posts: 1,745 eastern washinghton
70sdiver
trapper
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trapper
Joined: Dec 2008
Posts: 1,745
eastern washinghton
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Ok I値l post again robinhood trading absolutely no fees ! Free stock trades on the buy and sell.If you want a free share of stock send me an email address and I値l send a link and we値l both get a free share of stock from robinhood.I funded mine with 30 bucks but my niece funded hers with only 20 dollars.I got a share of Siri痴 satellite and she got a share of Groupon .Both my kids joined and also we all got free stock.
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