I would recommend to listen to Cnetradio.com, listen to Rob Black every 4:00pm Pacific Time. He gives out a very good research and analogy of stocks and you can ask him any stock for a breakdown of pro's and cons. He's a Certified financial planner with his own company. Check out his website Rob's website or CNET site, he has very good breakdown at the end of the day's trading, very informative!!
I bought NVDA at 9.73 on Monday. hope it goes up a couple of bux by December. Also considering Ford. but there is an asbestos case that might rock most of the older companies. supposed to be some sort of important ruling on the 28th.
kherman
Just curious. What background do you have to be giving on line financial advice? Are you a licensed securities trader?
Just curious. What background do you have to be giving on line financial advice? Are you a licensed securities trader?
Quastion one:
I've been an investor for 2 years. I've read several books on investing. 1 book on "safe stocks". Another on day trading and two on technical anaylsis (bar chart type stuff). I've delved into the realm on swing trading and learned that it is far to stressful. Due to that fact, I decided to only buy "safe stocks" for long term holds while doing covered calls on them. I couldn't be happier. I'll admit I am down right now, but I am not that worried. my favorite thing in the world is the 8th wonder of the world....compounding.
My primary investment information comes from Value Line. I did the 3 month trial subscription for about $50. It's VERY worth while! It's free at the library though, so until I am more diversified and have more moeny....to trade more often ... I will not become a permanent subscriber.
Question Two:
No.
The original poster alluded to the fact that he wanted stocks that are relatively safe. It is of my perosnal opinion that penny stocks are not safe.
My current holds:
KIM (Roth IRA)
GD
PFE
LLTC
OK, I'll lay things out. I do not care about the short term. My goal is as a long term investor. I want to buy companies that will be around in 15 years. I hate risk. Look at the stocks I own. They will, in most likelyhood, be around in 15 years. I want to invest more money, but I have a home now... my next buy will be a bank. Just to diversify. The bank industry is relaitvely good all around. Bank Of America and new York City Bank Corp are my two fav banks. There is also one canadian bank I like (forget the name of it though).
IMHO: Buying penny stocks is equivilent to going to the casino and putting your money on one number at the roulette table. Sure, you can make it big, but chances are you'll loose it all. People seem to forget that penny stocks are penny stocks for a reason.
Like jjsole said:
"buy low, buy lower, buy even lower, then sell even lower than that because they file for bankruptcy.
"I couldn't agree more. Just think about the events surrounding Enron and how long analysts were saying buy buy buy. Rating of buy down to $5 if memmory serves me correct.
jlee75 does have some good holds. Namely IBM and P&G. I'll abmit I don't follow P&G that much, but it is a "safe hold" last I checked. I personally would not invest in JDS Uniphase or Lucent. I'd have to do some research in Qlogic, and Conexant to decide on them (but I doubt I would want them). The first requirement would be to see if they have a dividend.
I don't agree with jlee75's investment strategy, but I hope it works out for him.
Here's an interesting tidbit on dividends. Go look at Enron's dividend history(I couldn't find it online). One of my rules is that if I own a stock and they cut their dividend, sell immediately! I remember lookign at their history at one point and they cut the dividend at the very begining of the fall in their stock's value. It's an easy way of tracking where a company is going since it's the companies officer's that decided on the dividends. Raising of the dividend shows that the officers see an upbeat future for the comapny. Cuttingthem, the opposite. Regarding this, go look at my LLTC. Their stock is dropping (very badly, it's a tech). But they raised the dividend in Q2 of this year.
LLTC History
Actually, I remember the name of that "Safe stock" book. "The Single Best Investment". The best money I ever spent! it was my first book, and it is clear, easy to undertand, just a very good book.
EIDT:
I oppolgize for my brazen attitude. I'll stop being a ... umm a jerk...
What are other peoples investment background here?
Well, let us(me) be constructive from here on out and let us learn from each other. Knowledge is power ...
AMD and Intel (INTC) both look good now. Intel will always make some money, adn AMD is very low. When AMD;s hammer comes out it should be a nice jump in stock price.
Hrmm, I like AMD and hope they do well....but look at this. Intel now gives a dividend!!!
It is my opinion, that if they hold their dividend for a year and raise the dividend after 4 quarters, too look into Intel at that time.
I think(powerful word here, 'think') that there will be another PC boom with the release of Doom 3. Time will tell though
Good for ATI, NVidea, INTC and AMD.truth be told, I have a K6-2 400 still and it is more than enough power to run microsoft office, which is all most people at home need their PCs for. not many people need an upgrade of their PCs. Jsut enthusiasts. So these new processors will not land in the hands of the "everyday consumers". I'm personally waiting for the release of Doom 3. Maybe several months after that. To build the new PC.
IMHO:
FB definitely looks worth investigating. Their volatile dividend history scares me off right now though. Worth researching though.
I would personally keep some distance from the other three.
If you are looking for the best return for the amount of risk, then you will want to go with an index fund. I would suggest an index fund that matches the S&P 500 or the wilshire 5000. A good place to get something like this is Vanguard.
However, buying index funds are not as exciting and fun as trying to pick stocks to beat the market. If you are more interested in learning about stocks, and think it will be funner, than maybe individual stocks is really what you want. If so, I would recommend purchasing company stocks within an area of your interests, and you feel makes a quality product that will be around for a while. For example, if you like computers, AMD or Intel would be some good choices.
However, buying index funds are not as exciting and fun as trying to pick stocks to beat the market. If you are more interested in learning about stocks, and think it will be funner, than maybe individual stocks is really what you want. If so, I would recommend purchasing company stocks within an area of your interests, and you feel makes a quality product that will be around for a while. For example, if you like computers, AMD or Intel would be some good choices.
skibum827 makes some very valid points. index funds (in my opinion) are far better than mutual funds. if you are not diversified yet, consider an S&P fund and/or the Nasdaq 100 (ticker: QQQ) it is true that it is less fun, but if you are not diversified (yet), it may be a good starting point to reduce your volatility. it will also allow you to learn more about hte market in the mean time.
About the second paragraph. If you like a company, it is not a reason to buy that company. It is a reason to research that company. Always do your homework. Buying AMD or INTC without doing your homework is what I view as buying out of emotion(which people are bashing me for, for some reason). Personally, I love INTC and AMD, but upon doing my homework, I view them as too volatile for my tastes.
Other ideas. Open your fridge (Coke, Nestle, Annheiser Bush). What kind of car do you drive (Ford, GM). How about the PC you're on (it might be a Dell or HP). Do you use Viagara (Pfizer
FE)? have a motorcycle? I would have kileld to have bought Harley Davidson 15 years ago. What about snowmobiles(Polaris(ticker: PII)). Ideas are all aorund you If you use any of these products, do others? Will you be drinking Coke 15 years from now?As for my comments about not getting AMD or INTC: Have a cell phone? Chances are chips made by LLTC (which I own) are in your cell phone. LLTC has chips inside of most PCs too! Not as popular as INTC or AMD, but they are not subject to pricing wars which cut into profits. They also have a steady track record of hiking their dividends. I could go on, but go to finance.yahoo.com and learn about LLTC. You'd be surprised how many places their products can be found.
Originally posted by: kherman
Quastion one:
I've been an investor for 2 years. I've read several books on investing. 1 book on "safe stocks". Another on day trading and two on technical anaylsis (bar chart type stuff). I've delved into the realm on swing trading and learned that it is far to stressful. Due to that fact, I decided to only buy "safe stocks" for long term holds while doing covered calls on them. I couldn't be happier. I'll admit I am down right now, but I am not that worried. my favorite thing in the world is the 8th wonder of the world....compounding.
My primary investment information comes from Value Line. I did the 3 month trial subscription for about $50. It's VERY worth while! It's free at the library though, so until I am more diversified and have more moeny....to trade more often ... I will not become a permanent subscriber.
Question Two:
No.
The original poster alluded to the fact that he wanted stocks that are relatively safe. It is of my perosnal opinion that penny stocks are not safe.
My current holds:
KIM (Roth IRA)
GD
PFE
LLTC
OK, I'll lay things out. I do not care about the short term. My goal is as a long term investor. I want to buy companies that will be around in 15 years. I hate risk. Look at the stocks I own. They will, in most likelyhood, be around in 15 years. I want to invest more money, but I have a home now... my next buy will be a bank. Just to diversify. The bank industry is relaitvely good all around. Bank Of America and new York City Bank Corp are my two fav banks. There is also one canadian bank I like (forget the name of it though).
IMHO: Buying penny stocks is equivilent to going to the casino and putting your money on one number at the roulette table. Sure, you can make it big, but chances are you'll loose it all. People seem to forget that penny stocks are penny stocks for a reason.
Like jjsole said:
"buy low, buy lower, buy even lower, then sell even lower than that because they file for bankruptcy.
I couldn't agree more. Just think about the events surrounding Enron and how long analysts were saying buy buy buy. Rating of buy down to $5 if memmory serves me correct.
jlee75 does have some good holds. Namely IBM and P&G. I'll abmit I don't follow P&G that much, but it is a "safe hold" last I checked. I personally would not invest in JDS Uniphase or Lucent. I'd have to do some research in Qlogic, and Conexant to decide on them (but I doubt I would want them). The first requirement would be to see if they have a dividend.
I don't agree with jlee75's investment strategy, but I hope it works out for him.
Here's an interesting tidbit on dividends. Go look at Enron's dividend history(I couldn't find it online). One of my rules is that if I own a stock and they cut their dividend, sell immediately! I remember lookign at their history at one point and they cut the dividend at the very begining of the fall in their stock's value. It's an easy way of tracking where a company is going since it's the companies officer's that decided on the dividends. Raising of the dividend shows that the officers see an upbeat future for the comapny. Cuttingthem, the opposite. Regarding this, go look at my LLTC. Their stock is dropping (very badly, it's a tech). But they raised the dividend in Q2 of this year.
LLTC History
Actually, I remember the name of that "Safe stock" book. "The Single Best Investment". The best money I ever spent! it was my first book, and it is clear, easy to undertand, just a very good book.
EIDT:
I oppolgize for my brazen attitude. I'll stop being a ... umm a jerk...
What are other peoples investment background here?
Well, let us(me) be constructive from here on out and let us learn from each other. Knowledge is power ...
I wouldn't take financial advice from someone who can't spell Question
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