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post #1 of 274 Old 07-31-2009, 07:53 AM Thread Starter
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Stock Market

Does anybody else here play the stock market? Im salary at my job so I have no way of makin extra money when needed for a vacation or mod or whatever. I do sell a few things here and there on Craigslist or Gunbroker for some cash, but thats about all I can do when I need extra money.

So.....I started playin the market and have done fairly well. Ive already paid for 2 new guns and a 4-day vacation to the Frio. I figured if there were other guys or gals on here that dabbled in the market or did it full time maybe, we could trade tips or advice.
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post #2 of 274 Old 07-31-2009, 08:02 AM
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My Gunny is in the penny stocks and is doing faily well. No big gains yet but enough to play with.

Tyler T
Sold 2 April 2011
To some lucky SOB
2004 6.0 CC FX4 Lariat
It had all the right things missing or added

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post #3 of 274 Old 07-31-2009, 08:04 AM Thread Starter
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See, I started off with about 2,000.00 and have almost 4,800.00 now. It takes a little while to make BIG money when playing with small money. Ive been playin since about February/March
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post #4 of 274 Old 07-31-2009, 08:10 AM
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I invest in mutual funds every paycheque, for both retirement and just savings for whatever I want later in life... mostly high and medium risk ones though because I'm young and I can let them sit for a long time to get the returns. I think the key is diversity, unless you're a big gambler I don't mind a bit of risk though, so I'd rather put money in stocks than a savings account. I don't have much invested though, only been doing it since I graduated from University a year and a half ago.
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post #5 of 274 Old 07-31-2009, 08:20 AM
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See, I started off with about 2,000.00 and have almost 4,800.00 now. It takes a little while to make BIG money when playing with small money. Ive been playin since about February/March
That was a good time to get in the market. Be careful though I think that the market may be getting a little over heated, look for bargains on the pull backs. Make sure you do your own research, don't put too much faith in talking heads like Cramer. Some sites I like are: Seeking Alpha, Zero hedge, Small Cap Sentinel, Street investing, and Uncommon Wisdom.
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post #6 of 274 Old 07-31-2009, 08:28 AM
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I invest in mutual funds every paycheque, for both retirement and just savings for whatever I want later in life... mostly high and medium risk ones though because I'm young and I can let them sit for a long time to get the returns. I think the key is diversity, unless you're a big gambler I don't mind a bit of risk though, so I'd rather put money in stocks than a savings account. I don't have much invested though, only been doing it since I graduated from University a year and a half ago.
I don't trust mutual funds, there is just too much opportunity for hanky panky by the fund managers. I think it is much better to do your own research and invest in individual companies. Open an online brokerage account and go for it, you will avoid all the mutual fund fees and you will be the master of your own destiny.
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post #7 of 274 Old 08-02-2009, 12:28 AM
 
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I was actually thinking about trying to mess around with the stock market a little bit but i could never really figure out how to start investing/buying/trading stocks. my friend Kramer used his income tax check last year and threw it in the stock market. im not really sure what he bought/sold but he got paid...VERY WELL...he invested $5900.00 and in return about 7 months later of up and down he caught a break and cashed in for a healthy lump sum of $31,000.00. and he put about 60% of it back into the market so he is sitting pretty well now. he just paid his daughters tuition for University of Tyler so she has a full ride now. but iv seen it hit big and iv seen it take peoples houses...its a 50/50 chance imo....but id like to start with something small..like $500.00...should pm me later. would like to talk about it
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post #8 of 274 Old 08-02-2009, 03:31 AM
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I gave my daughter $300 in an Etrade account last fall. She sat on it a while and then put half on GM and half on Ford. After GM tanked and got back just above her strat price she sold and bought all Ford. She's at about $800 now and watching it ride. Bought at just under 2 dollars.

PSD- yea, I finally got one.







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seeking profit" Dennis Miller on Algore




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post #9 of 274 Old 08-02-2009, 03:51 AM
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I wish I knew enough about doing my research to dabble a little. Ive got several retirement funds that money goes into out of my check, but I would LOVE to take a thousand dollars and be able to "decide" on a single company and buy into it. My fear is that if I can figure out which company might make a profit, then so can all the other investors that do it for a living. Am I looking at it the wrong way?

Shane

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STOCK!
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post #10 of 274 Old 08-02-2009, 04:14 AM
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I wish I knew enough about doing my research to dabble a little. Ive got several retirement funds that money goes into out of my check, but I would LOVE to take a thousand dollars and be able to "decide" on a single company and buy into it. My fear is that if I can figure out which company might make a profit, then so can all the other investors that do it for a living. Am I looking at it the wrong way?
Sea71...
Stick with it.
I too started back about 6 mos ago. I started with 11K and now have 26K
thats doing it myself no Broker My biggest loss was $87...
I constantly hear you cannot make$ in the stock mkt these days. I feel the opposite. right now is the time... either that or Im a damn genius..Im thinking it the time and not my genius anyways congrats. keep it up

-=Sam

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