Stock Market guys advice needed
I want to start investing in the stock market. How do I do that ? Do not know anything about it and want to learn. Thanks in advance!
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get a financial advisorComment -
Deposit all the money you have into an ETrade, Ameritrade, ScottTrade, or Schwab account and fade jj's investment picks.Comment -
learn how to read a balance sheet...study market trends.Comment -
go to schoolComment -
Schwab has the best trading platform retail trader friendly plus they have alot of offices.Comment -
Put money in Etrade or any of the others...watch Jim Cramer on MSNBC and the dozens of other financial shows on cable, this will at least get you in the game until you learn some things on your own
Buy mutual funds, not individual stocks until you get a feel for what your buying
Read books, attend seminars.... DONT listen to "insuarance/Fund" salesmen...ie NYlife, Metlife etc
Bella Vita !!Comment -
Your ahead of the game by not investing in that piece of trash. It's a rigged game that only the "insiders" or "connected" win at. These guys love inexperienced traders that have 401k's or extra money burn. That's why they can get congress to shift all the rules to their favor and you can not.Comment -
Wait untill the stock market crashes on August 3rd and then buy stocks cheaply.Comment -
Spend the next 6 months reading. Make sure you are well knowledgeable before putting real money into it. Paper trade for a while once you think you know you are doing.
You aren't going to get the advice you need on SBRforum.Comment -
thinkorswim.com offers what I think is best analytics for free. Use papermoney and read www.investopedia.com for awhile. I would start off with NON leveraged ETFs to just cover how the markets do in a general sense. Then read above individual stocks, learn about P/E, EPS, covariance, etc. Not something like sports betting you can just walk in to.
It's an institutional business, which means you're not ever going to be the smartest person doing it.Comment -
Symbol "MO"המוסד
המוסד למודיעין ולתפקידים מיוחדים
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learn all you can about covered calls...
dont use a broker. they are snakes and want to make commissions on you.
i had to learn that the hard way.
i avg 3-5%/month using covered calls....Comment -
Get some NZT-48Comment -
gambling>>>>>>>>investing imoComment -
Options house is cool. Good rates, decent platform.
Scott Trade is alright, but you can't use PUT and Call options, or at least you couldn't a few months ago.Comment -
market will crash soon, after it does i would buy Alcoa, verizon, J&J, Apple and Coke... all solid companys for the long termComment -
good point
brokers all have cash because they play with your money and keep banging you on hidden fees
suckers use advisers of any sort
tons of free data
so easy to be your own advisor
Day trade and you will lose your fukkin house, all insiders make money on market and chew up suckersComment -
You should really get your financial house in order first. Read these:
A) The Wealthy Barber
B) The Boglehead guide to investing
As for the stock market I would just start an investment portfolio in a few index funds at Vanguard. They have the lowest MER's (fees) in the industry. As an index investor you're just trying to piggyback mimicking the growth of a basket of businesses so you want to keep your fees low (think of the fees as the rake like poker). For 99% of people index investing is the best thing they can do as they are terrible investors.
That being said the market isn't totally efficient so there are ways to exploit it for higher returns than whatever benchmark stock index you're using in comparison. Unfortunately doing so requires study, hard work, and luck. Managing your money will become another job basically. Most people would rather do something fun with their free time so index investing is the way to go because once you set it up you don't have to think about it as it is automatic. If you're obsessed with investing however the place to start would be buying Security Analysis by Graham/Dogg & The Intelligent Investor by Graham.Comment -
Your better off trading market as a whole meaning futures , currencies , gold and oil although try and pick markets that do not ride with each other Dont trade eur/jpy and usd/cad at same time as they usually move opposite unless your hedgingComment -
First of all, understand that if you want to do this on your own, you're fighting an uphill battle. But that doesn't mean you can't enjoy it and experience some successes along the way.
The people who do this for a living have important information way before you do. They have smart computer programmers who allow them to buy and sell in an instant, which allows them to get the best prices, thus maximizing their profits.
Having said that, I have one piece of advice from doing this for 20 years: NEVER allow your heart to affect your decisions, i.e., don't fall in love with a stock because then the temptation is to hold it beyond its top value. Leave your emotions out of it.
And if you get carried away, assorted fees and transaction charges will kill you.
Good luck.Comment -
I use Scottrade and ShareBuilder
Lotta $$ to be made out there with the market the way it is.
Track. Take notes. Don't put more than 10% into anything. Get in. Get out. Move on.
Just like betting on games. Public perception isn't reality.Comment -
good idea but that shouldn't be the only game you play.
selling calls against your investments will sometimes make you 1000, then make you another 1000, then another 1000, then you'll lose 20,000.
it's a good hedging strategy on safer stuff to sell out of the money calls (if you're holding) or sell out of the money puts (if you're not).
but you can't get 3-5%/month on real "safe" stuff. i would recommend buying stock and selling covered calls on uxg or mgm - the options on those pay real well.Comment -
buy MFA and take the 12% a year.Comment -
Silver might go to $100 .Comment -
scottrade is a great place to start, and read IBD!! Investors business daily! that is the greatest peiodial! track the stocks that have good articles, and (c0nsider shorting) the ones that have bad articles,
shorting is a great place to be in this market.
gl
taterComment -
It's long term or very short term with tight stopsComment
