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Another point: frequent buying and selling will expose you to short term capital gains taxes. I believe that it is better to buy quality and hold if you try to time the market you will usually miss out on a lot of the up side. If you need returns buy good dividend producers.
 

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i just figured i cant get into much trading only starting with 500 or so, and does that brokrage from wells fargo is it expensive annual cost or anything?
I think it's tied to my portfolio management account. There is no fee but there might be a minimum balance.
 

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Another point: frequent buying and selling will expose you to short term capital gains taxes. I believe that it is better to buy quality and hold if you try to time the market you will usually miss out on a lot of the up side. If you need returns buy good dividend producers.
So buy low and just wait it out until the prices go way up is what your saying?

How frequent do you buy and sell on average? Im not trying to be nosey just dont have much of a clue, i assumed the penny stocks you would do day to day and then what your talking about months to keep?
 

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initially understanding the research you do takes more time than the stock research itself. i started really digging in to 'what-means-what' when it comes to all the jargin. After a few days of learning i felt more comfortable in where my money was going...this is just in 401K options.

if you do take the time to learn, you will find things much less daunting and much more clear.

this is a good thread and I hope it doesn't digress into "what's a good stock?" type questions....

the time to learn is part of the investment. i still need to learn a whole lot more.....where's my Investing for Dummies book again?
 

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So buy low and just wait it out until the prices go way up is what your saying?

How frequent do you buy and sell on average? Im not trying to be nosey just dont have much of a clue, i assumed the penny stocks you would do day to day and then what your talking about months to keep?
What I try and do is pick stocks as a long term(years) investment. Having said that, I do keep a close eye on anything that would have a negative effect on a stock and get out if necessary. People do make money short term on the stock market but you have to really know what you are doing and stayed glued to the computer every day trying to spot trends in the market. It is very difficult and many have gone bust trying. It is much better to try and build a quality portfolio that will give you good returns over the years. This is particularly true if you are young. I think i read someplace that if a person would have invested $10000 in Walmart stock back in 1972 they would have an investment worth $130,000,000.00 today. Educate yourself before you jump in, do research, buy high quality companies that will produce a good yield, and don't go into it thinking you are going to hit the ball out of the stadium. Another good strategy is to buy good dividend producing stocks and reinvest the dividends compounding your investment.
 

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Discussion Starter #28
I always wanted to get into stocks with some free money i have, not much but i can put couple hundred a month into it new money if i had to but what program or software do you guys use? I like the idea of penny stocks but i just have no idea where to start actualy buying and how to not get reemed on the charges for buying and selling frequently? any suggestions guys?
I was using Scottrade, but Im on TD Ameritrade now. TD gave me 5oo free trades when I signed up. Think they have to be used in 30days. I wont be able to use all of them, but its nice right now
 

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so a good starting point would be? any good sites for people without a clue lol
I would probably recommend the Motley Fool Stock Adviser if you are just getting started. I think you can get it for about a $100 a year and they will point you towards some very good investments.
 

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initially understanding the research you do takes more time than the stock research itself. i started really digging in to 'what-means-what' when it comes to all the jargin. After a few days of learning i felt more comfortable in where my money was going...this is just in 401K options.

if you do take the time to learn, you will find things much less daunting and much more clear.

this is a good thread and I hope it doesn't digress into "what's a good stock?" type questions....

the time to learn is part of the investment. i still need to learn a whole lot more.....where's my Investing for Dummies book again?
Very good advice!:thumb:
 

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Discussion Starter #31
As of now, im am in and out of stocks on average about 24-48hrs. I have a job that lets me sit in front of a computer all damn day. My TD window never closes. :rofl:

If you cant sit and watch the market during the day, it would be better to invest rather than trade. Find good, solid companies and put your money down. The housing market is starting to take off for one instance. Lowes (LOW), Home Depot (HD), and homebuilders are all kicking off.

I've heard tell, you should do 4hrs of research for every investment. Most people dont have that kind of time though.
 

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So buy low and just wait it out until the prices go way up is what your saying?

How frequent do you buy and sell on average? Im not trying to be nosey just dont have much of a clue, i assumed the penny stocks you would do day to day and then what your talking about months to keep?
My recommendation is. If you only have a little $$ to start with..
Then if you want to be able to capitalize on every penny of the interest/growth earned.
Also, your going to be willing to have to do some work/research
Pick up a book and read... (after all this is your $$ your trying to protect)
Also Signup on/to a E-Trading company... theirs lots.. again look before you leap into the membership. it will take perhaps a week or two before you will be able to trade(account verification etc...), I suggest you don't use a Broker Why? again this forces you to do the work... I mean really how much will you be investing if you have to give some of it to a broker? (If your smart enough to ask these kinds of questions your smart enough to invest)

Read... Read... Read... you will be surprised at how much you can achieve

you will know the time to actually pick a stock. then take the plunge.
keep us informed. we all like success stories.

Im sure we can all suggest good material to read or sites to gain info.


* No offense intended by my stmt "dont use a broker"
 

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Discussion Starter #33
For those looking to get into stocks, watch the financial channels at night. CNBC, FBNC. Check out shows like Fast Money, Bloomberg, and others. I pay most of my attention though to the headlines and tickers at the bottom of the screen. I think that is where the real info is at. pay attention to conference calls that companies put out. Alot of information to be taken away from those.

I had a GREAT day today!! $$$$$ :woot:
 

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For those looking to get into stocks, watch the financial channels at night. CNBC, FBNC. Check out shows like Fast Money, Bloomberg, and others. I pay most of my attention though to the headlines and tickers at the bottom of the screen. I think that is where the real info is at. pay attention to conference calls that companies put out. Alot of information to be taken away from those.

I had a GREAT day today!! $$$$$ :woot:
Please take anything that the talking heads say with a grain of salt. I would like to point out that after the stock market crash last year Jim Cramer was telling people to get out of the market if they were going to need any of their money in the next ten years. This was disastrous for anyone stupid enough to listen to him. Since then the market has rebounded strongly anybody who took his advice lost 50-60%. It turns out that that was probably the best time to BUY stocks in the last 50 years.
 

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My recommendation is. If you only have a little $$ to start with..
Then if you want to be able to capitalize on every penny of the interest/growth earned.
Also, your going to be willing to have to do some work/research
Pick up a book and read... (after all this is your $$ your trying to protect)
Also Signup on/to a E-Trading company... theirs lots.. again look before you leap into the membership. it will take perhaps a week or two before you will be able to trade(account verification etc...), I suggest you don't use a Broker Why? again this forces you to do the work... I mean really how much will you be investing if you have to give some of it to a broker? (If your smart enough to ask these kinds of questions your smart enough to invest)

Read... Read... Read... you will be surprised at how much you can achieve

you will know the time to actually pick a stock. then take the plunge.
keep us informed. we all like success stories.

Im sure we can all suggest good material to read or sites to gain info.


* No offense intended by my stmt "dont use a broker"
I agree don't trust brokers. They make money whether you make money or lose money. It's much better to do your own research, make informed decisions and understand your risk.
 

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Discussion Starter #36
Please take anything that the talking heads say with a grain of salt. I would like to point out that after the stock market crash last year Jim Cramer was telling people to get out of the market if they were going to need any of their money in the next ten years. This was disastrous for anyone stupid enough to listen to him. Since then the market has rebounded strongly anybody who took his advice lost 50-60%. It turns out that that was probably the best time to BUY stocks in the last 50 years.
Of course they're not always right. They're like weathermen, but they do know more than the average Joe and you can learn from the shows. You can pick up lingo if nothing else. Plus, they can give you ideas about different stocks and then you can do your own research and come up with your game plan. Those shows wouldnt be out there if they were wrong most of the time. I would encourage anyone to gain as much information from as many different sources as possible. And as far as Cramer goes, he's made me more money than lost.
 

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Discussion Starter #37
One thing to keep in mind when trading is to not become a "pattern day trader". This has nailed me a couple of times already. :hehe: You can only do 3 day trades in a rolling 5 business day period. A day trade is the buying and selling of the same stock in the same day. You can do this if you have 25k in equity in your account, but only if you have this. Otherwise they will shut your account down to the point where you can only SELL for 90days or until your account reaches the 25k in equity.
 

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Discussion Starter #38
Man! the market is moving today! I wish I had held on to my HBAN, but I still made money on it.
 

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Discussion Starter #39
Anybody make any money today?
 

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this is a great thread, read every post. i dont know much but im learning
 
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