So I am the only one that lost my shirt with the Countries biggest Companies?
Home Depot
Coca Cola
Intel
and many others.
So I am the only one that lost my shirt with the Countries biggest Companies?
Home Depot
Coca Cola
Intel
and many others.
Actually yes it started that way.
The money I allocated I expected a risk.
What I did not exoect was the thousands in fees on top of fees ripping me off.
No it was well over and above the $3,000 I allocated for stocks.
It was Suretrade which no longer exists.
mugs
Lifer
- Apr 29, 2003
- 48,920
- 46
- 91
Risky? No I think you mean foolish. If you invest in individual stocks, you need to pick more than 2 to have a balanced portfolio. But anything more and you'll eat up all your returns with commissions. $1000 is not really enough to invest. If your father invests his money, he should know that. What is your risk going to get you? An extra $50 if you're lucky?
Just pick an aggressive fund.
With $1000 and a high commission service, you might be better off buying something stable with dividends.
In Canada you get serious tax benefits when investing in certain Canadian companies, which also pay dividends. So virtually no tax on your income, continuous dividends and low risk.
In Canada you get serious tax benefits when investing in certain Canadian companies, which also pay dividends. So virtually no tax on your income, continuous dividends and low risk.
As far as dividends go, dont get any company that still has R&D (technology companies). Utility companies are supposedly the best for paying dividends because they no longer need to put money into R&D they give it back to the investor.
- Oct 28, 1999
- 62,480
- 8,340
- 126
Personally I wouldn't dink around much with dividends unless I was in a tax deferred account (IRA). Especially with only a 100 shares of something. At 5% his dividends are barely enough to cover the DRIP costs(assuming you reinvested each quarter)
I have yet to see why people are recommending div companies. Why? because they give you a "sure" return? That sure return isn't anything but a cash-out of earnings that they can't use for positive NPV projects, nothing more. Furthermore, div income is taxable, getting a company that uses stock buybacks as divs is a much better idea, especially since the income tax can be deferred.
To Dave. Fees? Is it the market's fault you invested in stupid companies with little to no intelligence? Go troll somewhere else with your FUDD.
To OP. Pick an agressive fund or two, many have a min of 500, so pick something like a value stock fund and an international fund, then let it sit. don't pick one company unless you know what you are talking about and doing. Otherwise you'll end up a bitter old idiot like DaveTroll up there.
To anybody who naysayed INTC while pumping AMD. You are a bunch of morons if you ever thought that INTC would stay at sub-15 P/E while AMD would do anything but tank from that rediculous price. AMD has been propped up by a bunch of fanbois and idiots who bought in on some stupid market-share increase. It's a company that is much less well-run than Intel and doesn't have the growth or metrics to justify it's price. Thank gawd I didn't have any inkling of listening to you, as I shorted AMD and long INTC.
To Dave. Fees? Is it the market's fault you invested in stupid companies with little to no intelligence? Go troll somewhere else with your FUDD.
To OP. Pick an agressive fund or two, many have a min of 500, so pick something like a value stock fund and an international fund, then let it sit. don't pick one company unless you know what you are talking about and doing. Otherwise you'll end up a bitter old idiot like DaveTroll up there.
To anybody who naysayed INTC while pumping AMD. You are a bunch of morons if you ever thought that INTC would stay at sub-15 P/E while AMD would do anything but tank from that rediculous price. AMD has been propped up by a bunch of fanbois and idiots who bought in on some stupid market-share increase. It's a company that is much less well-run than Intel and doesn't have the growth or metrics to justify it's price. Thank gawd I didn't have any inkling of listening to you, as I shorted AMD and long INTC.
I agree with majority. Fees will eat up most of the profit. I use scottrade. Fees are $7/trade flat rate, with some exceptions. If anything, you'll learn a lot playing stocks.
shorts/longs
short squeeze
margin calls(gotta love those)
stops/limits
roundtrips
covering
puts/calls
how the market reacts opposite to news
panics/bounce plays/delisting/pink slips
how the overall market is affected by global factors(interest/dollar strength/inflation/wars/corruption/option scandal)
options
aftermarket
getting out of a fund when it bounces back right after
a whole lot of could've would've should've
premarket
emotional stocks
bears/bulls/pigs
1999 y2k stocks(aka baidu)
volatility(eg. IMAX(down 65% in a week), CREAF(creative labs went up 35% in aftermarket one day last week when they settled with apple)
how cramer is wrong half the time(XMSR down from $33 to $11 which was his pick, ZZ Sealy down since IPO , even though cramer says he's double-down on this play)
mm market movers/institutions, his advise is pretty worthless
if anything, you will learn a lot, as long as you don't just leave your money in an investment and don't ever touch it. you should follow your investments and watch how it reacts. me personally, i'm currently short daytrading mostly AAPL. good luck.
shorts/longs
short squeeze
margin calls(gotta love those)
stops/limits
roundtrips
covering
puts/calls
how the market reacts opposite to news
panics/bounce plays/delisting/pink slips
how the overall market is affected by global factors(interest/dollar strength/inflation/wars/corruption/option scandal)
options
aftermarket
getting out of a fund when it bounces back right after
a whole lot of could've would've should've
premarket
emotional stocks
bears/bulls/pigs
1999 y2k stocks(aka baidu)
volatility(eg. IMAX(down 65% in a week), CREAF(creative labs went up 35% in aftermarket one day last week when they settled with apple)
how cramer is wrong half the time(XMSR down from $33 to $11 which was his pick, ZZ Sealy down since IPO , even though cramer says he's double-down on this play)
mm market movers/institutions, his advise is pretty worthless
if anything, you will learn a lot, as long as you don't just leave your money in an investment and don't ever touch it. you should follow your investments and watch how it reacts. me personally, i'm currently short daytrading mostly AAPL. good luck.
Originally posted by: Eug
Just $1000? Just stick it in a money market fund or something.That way you'll be ahead when everyone else loses money in the coming stock market dip.
If you want it in the stock market, then the advice for a no-load equity mutual fund is a good one. Maybe just an index fund.
P.S. It's easy to be "risky" with somebody else's money. Doesn't get you very far though. Then again, it's not high risk if you're only investing $1000.
If you know there is goanna be a dip, then short an index
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