Investors/Speculators.....

[wrx_snobordr]

Who here plays with the market? I have been following it closley, just having ben able to invest any yet, not till i pay off some bills. If you own some stuff who do you use, online, brokerage and ho do you own? What style do you use? I have been trying to learn value investing, its alot of research but i think its worth it in he end rather than just throwing money into some company because "guy" says it may go up.

[Scapegoat]

I need an investor for a business idea, LMK ;) only need about 300-500k

[TROLL]

I admittedly dont know much, and have pretty much stuck with mutual funds because of it. I do a bit of research on the funds but base a lot of my findings on historical pricing and the little bit of free advice I can squeek out of the advisors at Vanguard. I just moved a lot of stuff around, some small cap, some mid cap, and some international funds. I guess I'm a little diversified, but not all that much. I'm ok with it though because I've had success in the past and particularly wanted to be a bit aggressive since it won't kill me if I lose on some of these. edit: (i should add that i realize aggressive is a relative term, when dealing with mutual funds)
I would really like to learn more though, as I do have an interest in it lately. I'll never be a rich man with the line of work I want to do, so I'll have to supplement that with some smart investing as well.
Bryan

[bastid]

Best idea is to diversify. You'll need something to grow capital slowly and surely as your "day trading" goes up and down. The nutshell version is get a stable, slow growing return of 5-10% in a mutual fund to cover any losses or negative spikes for your more aggressive investments.

I would recommend going through a brokerage to drop change into a money market, mutual fund, or ETF and then opening up an eTrade account for your aggressive investing.

Remember, you need $1 before 10, $10 before 100, $100 before 1,000...

[wrx_snobordr]

Yeah, I have been reading about ETF's, they are very interesting. I would prob do some of those instead of mutual funds. My friend has ameritrade and they charge him fees out the ass, I think scott-trade is the best. Does anyone know if youcan sell short on online trading sites? I know its risky, but you cn mak so much money wth it.

[bastid]

I've heard that Scott Trades are very good. I currently have an account with A.G. Edwards (they are phenominal, but don't piddle around with day trading). When I go to day trade, I'll start a Scott Trade account.

I would also HIGHLY recommend paying the $150 a year to subscribe to The Motley Fool (www.fool.com)

Patrick

[wrx_snobordr]

HA yeah i am not a subscriber of the fool, but i do read the website and blogs a god amount. I am subscribed to fortune and the wall street journal though. Wat does A.G. do exactly? Whats the min to start an ccount?

[bastid]

Originally Posted by wrx_snobordr

HA yeah i am not a subscriber of the fool, but i do read the website and blogs a god amount. I am subscribed to fortune and the wall street journal though. Wat does A.G. do exactly? Whats the min to start an ccount?

Not sure what the minimum is, or if there is one. If you aren't ready to invest, you can put it in a money market and get a pretty solid growth as compared to the ****ty 0.25% you'll get at the bank.

I'm about to bank and put a solid amount of money into very aggressive ETFs though. I figure I'm young and have time to "learn the hard way" rather than putz around with small growth. And, if I should be right... ca-ching...

[circus_clown]

I use fidelity, and I am very good at what I do, key is not necessarly diversificatioon, but rather short term investments in sectors that seem promising. All it takes is some studying, and predicting what sectors will maximize profits over the next month is easy, through fidelity, I often buy and trade into sector funds through their select group, these are no load funds, so there is no comission invokved, as lkong as you follow the terms. I also flip small ammounts of stock on a daily basis. Pay attention to the news and try to ubnderstand how different things will influence the markets and sectors. In 2 years, I'm up about 4k on an 11k investment. That's about 20% per year, and I'm still learning. I can talk to you about this non stop for days if you want, but just a forewarning, it is very very stressful. There are days where I don't eat because I've done some risky trades, and just watch them non stop, and I am tooo uneasy to eat until the close of the day.

[wrx_snobordr]

Originally Posted by bastid

Not sure what the minimum is, or if there is one. If you aren't ready to invest, you can put it in a money market and get a pretty solid growth as compared to the ****ty 0.25% you'll get at the bank.

I'm about to bank and put a solid amount of money into very aggressive ETFs though. I figure I'm young and have time to "learn the hard way" rather than putz around with small growth. And, if I should be right... ca-ching...

What ETF's are you going to invest in?