Given all the stock threads...

[AsianriceX]

Originally posted by: darkxshade

Originally posted by: Jadow
If you want to LEARN, watch CNBC. Watch Squack Box in the morning, and Kramer in the evening. Don't invest any money, just soak it up like a sponge. Especially Kramer when he does one of his lectures.

People pay tens of thousands to learn what Kramer teaches on cable TV.

Kramer knows his Sh** but imo he's not someone you really want to take stock advice from. He's entertaining but most real stock advisors spend their lifetime following a segment and even then they haven't even scratched the surface. Kramer meanwhile sounds like he knows everything but he doesn't, and if you actually take his advice, you could lose a lot of money.

Not to discredit Cramer, but I always found this website funny.

http://www.cramerwatch.org/

 

[iversonyin]

Originally posted by: Alone
Okay, so far I've got investopedia.com, Squack Box (CNBC) and possibly some books from Amazon. I'll start hording information then.

In the meantime, any recommendations for mutual funds, like the T Rowe website, but for Canadians?

Nah. Index fund is the way to go. Only ~20% of fund managers beat the index last year.

 

[IHateMyJob2004]

If you are canadian, have you considered investing via the canadian markets? The NYSE equivilent in Canada is out of Toronto.

 

[IHateMyJob2004]

Originally posted by: Alone
Okay, so far I've got investopedia.com, Squack Box (CNBC) and possibly some books from Amazon. I'll start hording information then.

In the meantime, any recommendations for mutual funds, like the T Rowe website, but for Canadians?

fool.com ... will cause some to laugh. But if you want to learn, it's a good place to look at.

gurufocus.com is also good and not well known.

 

[Alone]

Originally posted by: IHateMyJob2004
If you are canadian, have you considered investing via the canadian markets? The NYSE equivilent in Canada is out of Toronto.

Haven't considered anything yet. :laugh:

 

[IHateMyJob2004]

Originally posted by: AsianriceX

Originally posted by: darkxshade

Originally posted by: Jadow
If you want to LEARN, watch CNBC. Watch Squack Box in the morning, and Kramer in the evening. Don't invest any money, just soak it up like a sponge. Especially Kramer when he does one of his lectures.

People pay tens of thousands to learn what Kramer teaches on cable TV.

Kramer knows his Sh** but imo he's not someone you really want to take stock advice from. He's entertaining but most real stock advisors spend their lifetime following a segment and even then they haven't even scratched the surface. Kramer meanwhile sounds like he knows everything but he doesn't, and if you actually take his advice, you could lose a lot of money.

Not to discredit Cramer, but I always found this website funny.

http://www.cramerwatch.org/

OMFG ... HILAROUS!

 

[Slew Foot]

Originally posted by: IHateMyJob2004

Originally posted by: Alone

Originally posted by: her209
First, you have to define what your goals are. And don't even say "Make a lot of money."

I'm not looking to make a lot of money. Basically what I want to do is learn how this stuff all works. I'd like to be able to know what I'm doing when I'm investing, see what's happening with my money, and know what it all means. If I don't make a bunch money, no big deal.

When you go buy your first stock, by a solid dividend paying stock. The dividends will get you in the right state of mind ... that you own part of a company and as such ... the dividends reinforce the idea since it's akin to a salary.

I think few would argue with the idea that JNJ would be a god palce to start.

The key to long term success, find a DOW company with the fattest yield and hold for retirement.

My base account contains GE, VZ, T, PG all stalwart companies that arent going broke anytime soon. Yeah they may not be sexy, but the way they raise their divdends every year, means that an investment today will yield somthing like a 20% cash yield at retirement.

I also keep a "speculative" account where I go for broke, this year that means puts on lenders and homebuilders (and soon to be big banks and restaurants). I'm living in the dough so far, and whatever I make, goes into stocks in the base account.

 

[darkxshade]

It really depends on his broker of choice, if he goes with a discount brokerage like Scottrade, he wouldn't really have access to foreign markets even though the tr exchange is not foreign to him in the least.

 

[IHateMyJob2004]

Originally posted by: Alone

Originally posted by: IHateMyJob2004
If you are canadian, have you considered investing via the canadian markets? The NYSE equivilent in Canada is out of Toronto.

Haven't considered anything yet. :laugh:

http://www.tsx.com/

Enjoy

Toronto Dominion is agood financial stock. There are a good number of banks in Canada that are diversified around the globe. Not ot mention the yields are attractive.

 

[IHateMyJob2004]

Originally posted by: Slew Foot

Originally posted by: IHateMyJob2004

Originally posted by: Alone

Originally posted by: her209
First, you have to define what your goals are. And don't even say "Make a lot of money."

I'm not looking to make a lot of money. Basically what I want to do is learn how this stuff all works. I'd like to be able to know what I'm doing when I'm investing, see what's happening with my money, and know what it all means. If I don't make a bunch money, no big deal.

When you go buy your first stock, by a solid dividend paying stock. The dividends will get you in the right state of mind ... that you own part of a company and as such ... the dividends reinforce the idea since it's akin to a salary.

I think few would argue with the idea that JNJ would be a god palce to start.

The key to long term success, find a DOW company with the fattest yield and hold for retirement.

My base account contains GE, VZ, T, PG all stalwart companies that arent going broke anytime soon. Yeah they may not be sexy, but the way they raise their divdends every year, means that an investment today will yield somthing like a 20% cash yield at retirement.

I also keep a "speculative" account where I go for broke, this year that means puts on lenders and homebuilders (and soon to be big banks and restaurants). I'm living in the dough so far, and whatever I make, goes into stocks in the base account.

Not a bad strategy. I'd tell you mine (involves naked puts) but lately ... it's been a bit bothersome. I figure 3 months down the road I'll be fien though as all this sub-prime lender BS blows over. When BAC is getting nailed over sub-prime hype ... you know it's hype.

 

[Alone]

So...now I've got a lot of information to start reading. Woot!

But! How do I get some mutual funds going? T. Rowe was about to set it all up until I realized I'm not American. I'm looking around the Toronto Stock Exchange website and it seems to be pretty cool, I can monitor investments and all that kinda stuff, but can I actually start one here?

 

[everman]

For now I'd suggest putting that money away in a mutual fund for a long term investment.

As for learning about trading and investing, try a stock trading simulator. You could participate in the cnbc contest where you can win 10k or 1million cash (the winner will most likely have bet it all on one or two stocks and got lucky, like last year), at least you can learn something by participating. It's at cnbc.com

 

[Alone]

Originally posted by: everman
For now I'd suggest putting that money away in a mutual fund for a long term investment.

As for learning about trading and investing, try a stock trading simulator. You could participate in the cnbc contest where you can win 10k or 1million cash (the winner will most likely have bet it all on one or two stocks and got lucky, like last year), at least you can learn something by participating. It's at cnbc.com

I'd like to get into a long term mutual fund and set up RRSP's and keep whatever I can until I retire, or someday desperately need the money.

 

[JEDI]

Originally posted by: Alone
I don't make a lot of money, but I don't have any current need for it, either.

Say I've got $1000 sitting around, doing absolutely nothing, where should I invest it? I think I'd like to try out some short-term investements, but know nothing about stocks so I don't wanna just give my money out.

So...what I'm asking...

As a completely newbie to trading, where do I start?

get a no load mutual fund. i own vtsax. it's a total market fund from vanguard. (small, mid, and large caps.)

 

[thirdlegstump]

There really isn't any cheap US stocks right now. In fact the entire US market is inflated. Look into international stocks or ETFs especially in emerging markets like India.