- Feb 1, 2003
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ATOT Stock Question
- Thread starter Darkstar757
- Start date
Whitecloak
Diamond Member
- May 4, 2001
- 6,074
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If I had 500 I would buy lottery tickets. You aren't going to hit a home run and taxes and transactions fees are going to kill you.
You are better off upgrading your computer, increasing Consumer Sentiment and Demand thus increasing overall consumption and making my stocks go up.
If you must place the money in a checking account so the bank can loan out the money thus increasing the money supply and lessening our chances of deflation in the short term.
You are better off upgrading your computer, increasing Consumer Sentiment and Demand thus increasing overall consumption and making my stocks go up.
If you must place the money in a checking account so the bank can loan out the money thus increasing the money supply and lessening our chances of deflation in the short term.
I won't recommended a specific stock. And I don't know your time frame.
There are several stocks I would like to have invested $500 in when I got my first full time job in 1977.
$500 invested in Intel or Microsoft ipo's would be nice right now.
Coke, Pepsi, Exxon, Johnson & Johnson, Proctor and Gamble, 3M and a lot of others + 30 years. =
Look into DRIP plans. I started with 3 in 1997 having a small amount deducted every month from my checking account. And reinvesting all dividends. Working out so far.
$500 in a Roth IRA and add 40 years of dividend reinvestment's it will likely turn out better than investing in a new video card.
The two biggest questions you have to ask yourself : How old will I be in 30 years if I invest the $500 dollars? And How old will I be in 30 years if I don't invest the $500 dollars?
Notice
Of the stocks I mentioned I own shares of only one.
There are several stocks I would like to have invested $500 in when I got my first full time job in 1977.
$500 invested in Intel or Microsoft ipo's would be nice right now.
Coke, Pepsi, Exxon, Johnson & Johnson, Proctor and Gamble, 3M and a lot of others + 30 years. =
Look into DRIP plans. I started with 3 in 1997 having a small amount deducted every month from my checking account. And reinvesting all dividends. Working out so far.
$500 in a Roth IRA and add 40 years of dividend reinvestment's it will likely turn out better than investing in a new video card.
The two biggest questions you have to ask yourself : How old will I be in 30 years if I invest the $500 dollars? And How old will I be in 30 years if I don't invest the $500 dollars?
Notice
Of the stocks I mentioned I own shares of only one.
Specop 007
Diamond Member
- Jan 31, 2005
- 9,454
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Specop 007
Diamond Member
- Jan 31, 2005
- 9,454
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Nope, still well in the buy zone. 75 or higher is past time to buy. I picked it up around 28. But still, I think its a great time to buy it.
nerp
Diamond Member
- Dec 31, 2005
- 9,865
- 105
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Maybe a real estate ETF if you're willing to hold for a long time.
As others have said, $500 isn't much. A successful trader is happy making a 10 percent return. Is it really worth the risk to make $50? Can you afford to lose it all? If not, you shouldn't be buying stocks with your money.
$1,000 to $5,000 is the absolute minimum to start buying stocks with, IMHO. This way you can absorb the transaction fees and capital gains taxes. When trading with small amounts like $500, the 10 percent you aim for profits won't cover commissions and taxes. Please look into what capital gains taxes are like for short term stock purchases and sales. It will destroy you unless you manage to pick big winners that go up 40 to 100 percent. And that rarely happens in the short term with strong companies. And playing penny stocks is a ridiculous mistake. Unless, of course, you want to lose all your money.
As others have said, $500 isn't much. A successful trader is happy making a 10 percent return. Is it really worth the risk to make $50? Can you afford to lose it all? If not, you shouldn't be buying stocks with your money.
$1,000 to $5,000 is the absolute minimum to start buying stocks with, IMHO. This way you can absorb the transaction fees and capital gains taxes. When trading with small amounts like $500, the 10 percent you aim for profits won't cover commissions and taxes. Please look into what capital gains taxes are like for short term stock purchases and sales. It will destroy you unless you manage to pick big winners that go up 40 to 100 percent. And that rarely happens in the short term with strong companies. And playing penny stocks is a ridiculous mistake. Unless, of course, you want to lose all your money.
All of my serious $ is in cash right now. I have no idea where the market is going and its been so illogical and full of surprises in the past year that im just not comfortable. After the commercial real estate bubble (small but itll have an impact) I will probably go heavy into banks. I dont see that happening for another 6mo-1yr though.
Specop 007
Diamond Member
- Jan 31, 2005
- 9,454
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Thats why I'm in OSU. The energy bubble has pretty well popped I think......
Admittedly this is simply my take on the situation. I could be wrong and obviously I encourage someone to do their own research.
Perhaps you're right. I already got my 20% return on a very similar fund so my sentiment is that anything above $60/b requires some ballitos to get in at. Holding an older position is a different story of course and by all means, hold it longer, through the summer but otherwise I think there are better investments than oil at the moment if you're putting new capital in.
Specop 007
Diamond Member
- Jan 31, 2005
- 9,454
- 0
- 0
Originally posted by: Specop 007
I'm right and you're wrong.
At least I hope so!
Your hope is probably that we repeat what happened last year but I don't see Opec truly wanting that although they did express their needs to increase prices to current levels and possibly a bit more to maybe 70ish to be able to invest in new discoveries in hoping to meet demand during recovery but you know, it's just ideal.
To be perfectly honest, after I got out I turned a bit of a blind eye to the industry in order to feel better about my decision : )
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