buying stock.. what brocker to use?

[DarkManX]

i wanna get some AMD stock.. what would be the chepest and best way to do it?

 

[Zipp]

I've used Scottrade and was very happy with them. They have many local offices and require a low $500 minimum deposit to open up an accout. They don't have an inactivity fee either like many do now so even if you don't trade alot,you wont get any quarterly charges.

...And they only charge 7 bucks a trade.

 

[DarkManX]

another question is I wanna buy these stocks now and probly sell by next summer to buy a car does this sound like a good plan? I know the risks and everything but if the price does rise its a good way to make money? is there some kind of catch?

 

[Zipp]

It's a great way to make money Darkman but like you mentioned,there are some risks. With the possibilty of war looming right around the corner,many investors are just sitting back and monitoring things.

If you do go for it right now,you have to be able to stomach it if the price happens to drop down to 2 bucks a share or something,you just never can tell with this market lately. Not to say that you can't get out if it does drop below your initial investment by watching it daily or using stop orders but I don't know if you want to deal with that.

I thought EMC was at a great price when it hit 5 bucks and now its around 4. I didn't buy it though but thats just one example of so many companies out there that are hurtin now.

Some say it's a good time to get in and others say hang tight. I know thats not the answer you wanted to hear though.

What some analyst think of AMD

 

[Shantanu]

What makes you so sure AMD's stock is going to go up?

I'd personally avoid any tech stock. My Dad bought some mutual funds for me that were very tech stock heavy, and they keep losing value. I think the Nasdaq still has plenty of bubbles that are going to burst.

You never buy stocks with the intention of selling them in the near future because you think their price is going to go up. I guarantee that you that investment strategy is not going to work. Warren Buffett said the best way to invest is to buy a stock as if you're going to hold it for the rest of your life, and only sell as much when you need to for the cash.

 

[Aceshigh]

I like Scottrade as well. Moved my account when Etrade started nickel and diming me with fee's and haven't had any problems at all. The physical branches and customer service are nice.

 

[DarkManX]

the hammer and all the other new stuff they release should give them a big bost if not then oh well. I might as well take a risk after all its really not that much money and if i lose it then i guess ill have to buy a car thats 2,000$ cheaper.

 

[xuanman]

I agree on the Scottrade msgs. Low commissions, low minimum, no BS fees.

 

[Steve819]

Check out Siebert. Excellent firm.

The thing you want to watch is non-activity fees. A lot of brokers charge like $25 every month or every three months if you don't make a certain number of trades. Siebert doesn't charge any fees.

Well worth it.

Steve

 

[Shantanu]

the hammer and all the other new stuff they release should give them a big bost if not then oh well. I might as well take a risk after all its really not that much money and if i lose it then i guess ill have to buy a car thats 2,000$ cheaper.

Uhhh... It doesn't work that way.

Stocks usually move based on weather a company is beating its expectations or not. A company might forecast losses of 5 billion, but then have its stock go up because they only lost 4 billion.

And that's if the stock moves in relation to company news. Often times, a company can be doing very well (high profits, lots of cash being added to the balance sheet, lower liabilities, etc.) and still have its stock go down, or vice-versa.

 

[kherman]

Making money with a one year time horizon in the stock market. Don't do it!!! Especially if you're sinking your money into one company, like AMD. Stocks trade for $3 for a reason. There is a chance, though many here won't acknowledge it, that AMD won't be here several years from now.

Look into your savings account, CDs or Bonds. possibly municipal bonds.

better things to do:
Pay down your house.
Pay off all your credit cards.

I use Datek, which merged with Ameritrade. Everything is getting transferred to Ameritrade from what I know. There is a minimum balance to prevent maintenance fees. All trades are $11 (referring to market/limit orders). not sure what hte new options fees will be. Datek WAS $9.99 plus $1.25 per option. Ameritirade will probably be similar in pricing.

Where AMD is going, in your opinion is called speculation. Your investing your money based on emotions. Go do some research on AMD.
You're interested in investing in a company you like. Likeing a company is not a reason to invest in that company, it's a reason to research that company. Go do some research.

Here's the S&P research on AMD:
http://www.geocities.com/kfh227/AMD.pdf

 

[DarkManX]

I got half my money in a CD and the other half in a saving account. both accounts earn less the 3% interest. they are very small sums of $ 1000$ CD and 1500$ savings (50$ a week gets deposited into it). its really not much interest that im making. im only 17 years old and dont have any debt yet and no need for a house. What i wanna do is buy a nice car sometime before next summer.

 

[ReiAyanami]

amd's dirt cheap but its still high risk. if the computer industry doesnt pick up, then AMD is guaranteed to be bankrupt within a year. even if the industry does pick up, they'll still have tuff times.

enron
worldcom
xerox
excite@home
kmart
polaroid
ect....

the bigger the name, the bigger the fall. even Sun Microsystems is trading at $2 and some change, and sonicblue is in the dirt. down and out? highly possibly