Stock Pics
12-14-2003, 10:13 PM
#3
Senior Member
Join Date: Jul 2003
Location: Delaware
Posts: 682
Originally Posted by setzep' date='Dec 14 2003, 05:41 PM
I'm thinking about buying some stock and was wondering of any of you guys invest any money in the market? Or do all you guys burn all your cash on 7's?
now for stock. if you want quick money/fast growth, i suggest riskier/less established companies with less credentials... they will pay higher dividends/interest for stockholders because of this risk.
long term investment.. well the top one above, is one of the best, or invest in a good solid company with proven growth/success.(gm, at&t etc...). your returns will be less because there isn't as much risk involved.. but your money is much more secure... mutual funds are always better because less risk involved, and they invest in a variety of stocks/bonds/investments...
or if you have 10 grand.. buy a t-bill.. as good as cash, you will not lose your money (gov't backed) and is a short term investment.. you will get your money back in under 90 days ( i forget the maturity date).. but you really can't go wrong with gov't issued stuff.
talk to a stockbroker.. merril lynch.. local banks.. they might give decent advice
hope it helped some
12-14-2003, 10:17 PM
#4
Senior Member
Join Date: Jun 2002
Location: WA
Posts: 1,312
long term investments are good if you can put away money every month for the next 35 years. :-p
no but really, go talk with some t rowe price, janus, etc... find out what would be the best for you. I did... but then i decided i was gonna blow 20k dollars in 2 months ..
no but really, go talk with some t rowe price, janus, etc... find out what would be the best for you. I did... but then i decided i was gonna blow 20k dollars in 2 months ..
12-14-2003, 10:17 PM
#5
Senior Member
Join Date: Oct 2003
Location: Fort Lewis Washington
Posts: 705
Mutual funds mostly. Franklin Templeton and Oppenheimer are my 2. Been with them for 10 years. $300 a month the whole time. Dollar cost averaging is working wonders for me. You put in a fixed amount of money every month instead of buying a fixed number of shares. If the share price is low you can buy more shares.
12-15-2003, 08:24 AM
#6
Senior Member
Join Date: Nov 2002
Location: Central KY
Posts: 292
Twisted's investment advice
Stocks: I own CORNING (GLW) There are hovering around 11.00 a share. I bought them at 9.00 a share and plan on bailing on them at 23.00! I know their stock can get there, it is just a matter of time. At one time they were trading at 60+ dollars.
I would recomend picking up JDS Uniphase (JDSU) at <3.00 now and bail at $7.5 which we could see in 6 months! Dont get too greedy on this. It is overvalued at >6.00 dollars and people know that.
Mutual funds: They are nice but pick your managers/companies wisely. I use Invesco and AIM now but I will be selling and moving my loot inside of 6 months not too pleased
Don't choose mutuals if you want to fret over your own stocks and sell frequently.
Roth IRA and Traditional IRA: your never too young for this tax deffered investment... Once again find a good manager/company. Teh rules are about to change PRO investor here too. The annual contribution limit is about to be raised big time over the next 5-7 years for IRA.
My little dirty trick: I Bonds... Don't think government bonds are all the same and all crappy. My I bonds are my safe conservative money. They work like traditional EE series bonds except for the fact that a inflation board convenes 4 times a year to set the earnings return on these bonds. You are guaranteed to get more than inflation, not so with EE series government bonds. This of course is more of a safety hedge than a get rich quick deal. I would highly recomend keeping a "Safe stash" and this is a great tool. I don't know the website but do a search for government bonds I series.
Insurance: As far as asset protection, if you are 30+ or younger with kids and wifey get term life. 500k term life if you LOW NOW $30 dollars a month. It sounds like a lot but consider it an investment. You can cash out at the end of your "TERM" usually ten year increments and/or initiaite a new term. When you get older you can go with whole life policy when your house is paid for and your kids are gone.
Stocks: I own CORNING (GLW) There are hovering around 11.00 a share. I bought them at 9.00 a share and plan on bailing on them at 23.00! I know their stock can get there, it is just a matter of time. At one time they were trading at 60+ dollars.
I would recomend picking up JDS Uniphase (JDSU) at <3.00 now and bail at $7.5 which we could see in 6 months! Dont get too greedy on this. It is overvalued at >6.00 dollars and people know that.
Mutual funds: They are nice but pick your managers/companies wisely. I use Invesco and AIM now but I will be selling and moving my loot inside of 6 months
Don't choose mutuals if you want to fret over your own stocks and sell frequently.
Roth IRA and Traditional IRA: your never too young for this tax deffered investment... Once again find a good manager/company. Teh rules are about to change PRO investor here too. The annual contribution limit is about to be raised big time over the next 5-7 years for IRA.
My little dirty trick: I Bonds... Don't think government bonds are all the same and all crappy. My I bonds are my safe conservative money. They work like traditional EE series bonds except for the fact that a inflation board convenes 4 times a year to set the earnings return on these bonds. You are guaranteed to get more than inflation, not so with EE series government bonds. This of course is more of a safety hedge than a get rich quick deal. I would highly recomend keeping a "Safe stash" and this is a great tool. I don't know the website but do a search for government bonds I series.
Insurance: As far as asset protection, if you are 30+ or younger with kids and wifey get term life. 500k term life if you LOW NOW $30 dollars a month. It sounds like a lot but consider it an investment. You can cash out at the end of your "TERM" usually ten year increments and/or initiaite a new term. When you get older you can go with whole life policy when your house is paid for and your kids are gone.
12-15-2003, 10:13 AM
#9
Senior Member
Join Date: Nov 2003
Location: San Antonio Tx
Posts: 516
the market is at 10k right now which it hasnt been for years so everything established it pretty pricey but if you can buy into that you are almost gauranteed to get gains but if you dont have the money to invest like that i would say invest in technical , start ups with a decent record because im pretty sure for the next atleast half a year the market is gonna do nothing but fly up so just try and find something that looks stable and you will most likely make some cash. dont invest in defense or any of that hoopla because we arent at war and saddam is busted so everything is slowly going to start ending
12-15-2003, 10:36 AM
#10
Senior Member
Join Date: Jul 2003
Location: Delaware
Posts: 682
Originally Posted by CrassFC3S' date='Dec 15 2003, 08:13 AM
the market is at 10k right now which it hasnt been for years so everything established it pretty pricey but if you can buy into that you are almost gauranteed to get gains but if you dont have the money to invest like that i would say invest in technical , start ups with a decent record because im pretty sure for the next atleast half a year the market is gonna do nothing but fly up so just try and find something that looks stable and you will most likely make some cash. dont invest in defense or any of that hoopla because we arent at war and saddam is busted so everything is slowly going to start ending
i would go mutual fund for long term investment.. prolly your safest bet.