Anybody else here into the stock market?

[Kramerica]

Nobody likes to hear it but you are generally dumb trying to make money on individual stocks...unless

1) It is part of a balanced portfolio

or

B) You have an edge whether it be insider information or you simply can research the hell out of something.

People who are making money consistently on stocks are

a) Warren Buffet

ii) Traders who make money off micro trading

3) People who understand things like alpha/beta separation

Four) Insiders

The best way to make money is to learn what a truly balanced portfolio is.

The only places I have had (what I think is) an edge is in Oil and regional banks. The former because I made it a hobby to research and the latter because I have an insider giving me advice.

This is the correct answer.

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[Squirrel]

People should have bought Delta when I posted. 

[thefuzz]

People should have bought Delta when I posted. 

 

 

I was really close to doing that, and had to cover some extra expenses at that time.

 

Never forgotten that you said that back then.

[ladypanther]

I buy Wal-Mart, Coca Cola, and Duke Power every month.

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So how you doing?

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[pstall]

If you have a company match for a 401k and are not contributing then you are leaving free money on the table.

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[Anybodyhome]

I turned all of my financials over to a professional a few years ago when I retired from Lowe's. He's nearly doubled my IRA in less than 4 years... couldn't be happier.

 

I have what amounts to an involuntary savings account as a government employee in NC. 6% is put into the NC Employees Retirement Fund every couple weeks and I have a 401k with city match.

[Big A]

My first stock purchase was back in high school, me and my buddies decided to try penny stocks and put up about $5k each, pretty much all our money, we put it all in a company run by John Sculley called Spectrum technologies. In the first week the stock went up about 40% and we debated cashing out, but decided to stay in. The following week, we checked the news in morning and the company was being raided by FBI and investigated for fraud by top company officers. It immediately dropped like a rock and a few days later I cashed out $180. Needless to say, it was about 10 years before I invested again in stocks.

Bottom line, stock market is gambling and the less diversified your investments, the bigger the risk/reward. Just like others said, you should use professionals who make small fees in trades, but are well worth it if you don't spend all day reading every company info, earnings reports and projection, decipher market trends etc. One of the first conversations should be the level of risk you want in your investments. I chose much lower risk and went with energy and precious metal mining stock as well as a couple of funds and have done well. I basically consider my account a savings account with better interest rates than bank with small risk and that works for me. Other may choose to be very aggressive, but it is gambling so only use money you can afford to lose.

[Jeff L]

So how you doing?

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Wal-Mart and Duke Power good, Coke never gains or loses much

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[Zaximus]

How much would you need to be willing to invest before hiring someone to do stocks for you makes sense?

 

 

[Davidson Deac II]

I turned all of my financials over to a professional a few years ago when I retired from Lowe's. He's nearly doubled my IRA in less than 4 years... couldn't be happier.

 

I have what amounts to an involuntary savings account as a government employee in NC. 6% is put into the NC Employees Retirement Fund every couple weeks and I have a 401k with city match.

 

So Pstall did pretty well for you?  ;)

[TheAmericanDream]

People should have bought Delta when I posted.

So do you have any stock tips for today?

[Squirrel]

So do you have any stock tips for today?

 

Blue Horse Shoe Loves Anacot Steel

[Happy Panther]

I am dipping into Gazprom today at 7.12 (OGZPY.) It is a speculative move and risky for many reasons. Political obviously and it is an OTC stock. However the upside could be nice and I could use some OIL exposure in my portfolio. Also pays a dividend.

 

I doubt it is at the bottom and may not be for a while but I am prepared to buy on the way down unless WWIII happens.

[Sapper]

My grandmother bequeathed me 5000 shares in Cisco at its peak (aassuming it would split) Never did but I cashed out and I'm playing it.