Re: stock questions
[Re: forestman3]
#7607833
06/18/22 05:59 PM
06/18/22 05:59 PM
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Joined: Dec 2006
Posts: 21,716 Sandhills Nebraska
Gary Benson
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trapper
Joined: Dec 2006
Posts: 21,716
Sandhills Nebraska
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If anyone knows of any videos that might explain the stock market thing in real simple words I would be interested. So would everybody else!
Life ain't supposed to be easy.
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Re: stock questions
[Re: forestman3]
#7607876
06/18/22 06:55 PM
06/18/22 06:55 PM
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Joined: May 2010
Posts: 2,709 The great cage state Colorado
Monster Toms
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Joined: May 2010
Posts: 2,709
The great cage state Colorado
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When a stock gets high priced investor interest wanes. To generate investors the company may "split " the stock, this time amazon was at roughly, $2400/share so for every share owned at the split you received 20 shares, but the price dropped accordingly.
Now instead of one $2400 share you have 20 -$120 shares. At $120 more folks are apt to buy in.
Robinhood only trades in certain stocks, not all that are available. I don't think they allow day trading, so you need to be in the game for a dedicated amount of time once a purchase is made.
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Re: stock questions
[Re: forestman3]
#7607993
06/18/22 08:54 PM
06/18/22 08:54 PM
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Joined: Nov 2007
Posts: 9,843 St. Cloud, MN
trapperkeck
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Joined: Nov 2007
Posts: 9,843
St. Cloud, MN
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Go drop a couple hundred in a slot machine every Saturday for the next 6 months or so. Likely, a better return on investment.
"The voice of reason!"
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Re: stock questions
[Re: forestman3]
#7608251
06/19/22 10:17 AM
06/19/22 10:17 AM
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Joined: Feb 2020
Posts: 8,954 Indiana
Providence Farm
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trapper
Joined: Feb 2020
Posts: 8,954
Indiana
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How old are you and what are your goals?
My daughter is 20 and looked at her Edward Jones report and saw her 20% loss year to date and started getting worried talking about putting it all into cash thinking it was safer. I expand in cash with current inflation she would still be loosing 8% or more, and it's only a loss if you sell it. Being young it will only be a minor blip in the future. I put her into some front load American mutual funds years back when I had some cash I could part with. I can trade between any American funds and not be charged a fee and front load means my fee was a higher % up front but I pay no fees when it's sold. Doing that is a gamble it will make gains and I won't have to pay the selling fees on the higher amount after years of gains.
Sure it's a 20% short term loss but she is still up over 10% for 5 years.
I made an appointment with my financial advisor for July 5 so he can explain investing strategies and options to her a bit better than I can after all it's what he does for a living and sometimes an outside source gets listened to more than a parents.
While I'm there I will open a an account for my 9 year old, add some to my 12 year Olds account and get automatic withdrawal from my pay check each month into each of their accounts and get the stock buying amounts and schedule set up. I will set up an appointment for my young boys in the future so he talk to them and help me get them excited about investing at a young age also.
Buy low sell high watching the market making day trades is ok if you have a lot of money. Taxes can burn up if you don't hold longe enough and it's a bit of stress worrying about it going up and down
I prefer to just make steady investments regardless of what the market is doing in stable diversified mutual funds since I don't have large amounts to invest. I forget about that money it's all pretend money on paper untill you cash it in. I buy and hold for the long term, maybe moving things every now and then if I think I see a good deals. Once you build up a nice portfolio and learn more you can take more risk and play with individual stocks
Depending on the amount you have I would talk to an Edward Jones advisor 5k would be a good amount to start with but you can start with much less. A lot of other brokers dot want to bother with you unless you have more to start out with.
My Ant and uncle were millionaires and had things with multiple brockrage firms and stuff tied in with their business. They said they prefers the personal Attention They got from Edward Kones over the burger nicer firms.
It would be a good start see what they say you don't have to use them but you could learn a lot
The earlier you start investing the better. .
Last edited by Providence Farm; 06/19/22 11:49 AM.
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Re: stock questions
[Re: 70sdiver]
#7608252
06/19/22 10:18 AM
06/19/22 10:18 AM
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Joined: Feb 2019
Posts: 602 ontario, canada
old243
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Joined: Feb 2019
Posts: 602
ontario, canada
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I have been following the markets for at least 50 years . It can be like life, the school of hard knocks. Just about the time , you think you know all about it , the rules change. Make yourself a paper portfolio. Pick after some research, a list of companies. Preferably dividend paying and larger .Buy 100 shares of each, on paper. If if they go up great , if they go down, still ok. Why did they do what they did. Once you gain some knowledge, you can open an account, either self directed, or through an advisor. and start putting your money on the line. Don't put more in than you can afford to lose. I follow Investor Village, energy board, Lots of advice, some good some bad. Just like anything else. Good Luck, old 243
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Re: stock questions
[Re: forestman3]
#7608284
06/19/22 11:31 AM
06/19/22 11:31 AM
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Joined: Jun 2013
Posts: 95 Florida
bjansma
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trapper
Joined: Jun 2013
Posts: 95
Florida
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Some brokers offer paper trading accounts. Good idea to practice first before adding real money until you gain more experience.
Bob Jansma
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Re: stock questions
[Re: forestman3]
#7608326
06/19/22 12:39 PM
06/19/22 12:39 PM
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Joined: Mar 2007
Posts: 35,175 McGrath, AK
white17
"General (Mr.Sunshine) Washington"
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"General (Mr.Sunshine) Washington"
Joined: Mar 2007
Posts: 35,175
McGrath, AK
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You haven't said what your goal is. Sure you want to make money. But do you want current income that you can use now or are you looking for capital appreciation over time.
Do you want to be an investor, trader, speculator ?
I would not be looking for videos to explain the markets.It's a BIG subject.Books will serve you better. Also, most brokerages will have educational sections on their websites. That would be a good place to start.
As Blaine says, at this point you should probably stick to index funds, or ETF's..........after you decide what your goal is.
I would avoid both crypto and Robinhood. Robinhood is going through a rough patch right now and I wouldn't be surprised to see them embroiled in litigation with the federal government over the next few years.
There are many others that will meet your needs without the drama. TD Ameritrade, E-Trade, Fidelity, Vanguard, Schwab. All of them offer commission free trades in most circumstances ......at least at this point in time they do.
I would encourage you NOT to day trade.
Don't hesitate to ask questions
Mean As Nails
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Re: stock questions
[Re: forestman3]
#7608340
06/19/22 01:09 PM
06/19/22 01:09 PM
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Joined: May 2010
Posts: 10,481 mn north of blakely
Steven 49er
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Joined: May 2010
Posts: 10,481
mn north of blakely
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I would highly recommend avoiding the crypto market. Dead serious when I say it, it's too volatile for most.
"Inflation is always and everywhere a monetary phenomenon". Milton Friedman.
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