I'd like to bring in a little extra money seeing as I'm a poor college student that doesn't want to get into debt. I have a savings account with Wells Fargo with over a grand in it that has yielded a whopping $1.08. I know the stock market is risky, but has better yields if played right. Is Nvidia a good stock to buy into? If not, can anyone recommend some stocks that are relatively safe that have a decent return? Any suggestions would be most appreciated. Thanks!
Nvidia A Good Stock To Buy?
- Thread starter MoMeanMugs
- Start date
They might rally again, right now they're kinda slumping because the FX line is crap (relatively) and they lost the bids on the last console (can't remember whose... sorry).
certainly not nvidia. they are losing market share to ATI. With ATI getting the XBOX deal, ATI is probably a safe bet, but with a grand to spend you can only buy about 71 shares.
Schadenfroh
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DT4K
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If you want to get in the market without the risk of losing all your money due to one company going to crap, buy some mutual funds.
My science and tech fund through T. Rowe Price has gained almost 30% this year.
Of course, I bought them last July. They had lost 42% in the year before I bought them, so I really bought when they were at the bottom.
EDIT:
Actually, I'd consider buying AMD right now.
Stock prices are pretty darn low and Opteron looks very promising.
If AMD can market the Opteron well, they could gain a lot of market share in the corporate sector.
Or they could keep losing their a$$es.
My science and tech fund through T. Rowe Price has gained almost 30% this year.
Of course, I bought them last July. They had lost 42% in the year before I bought them, so I really bought when they were at the bottom.
EDIT:
Actually, I'd consider buying AMD right now.
Stock prices are pretty darn low and Opteron looks very promising.
If AMD can market the Opteron well, they could gain a lot of market share in the corporate sector.
Or they could keep losing their a$$es.
ATi was a good stock to buy ~6months ago, 3 months ago they were still good.
They are around $15 at the moment, and expected to hit $18 by market analysts. (originally estimates were $14)
nVidia are expected to get to $19 (up from $18)
nVidia have dropped from their peak some months back, I wouln't go for them, nor ATi.
Try looking at smaller companies, they usually give a better return, the UK main market (FTSE100) has risen a lot less than the smaller comapny index (FTSE250) since March or thereabouts, I'd guess there may be a similar thing in the US, so smaller comapnies may offer better returns, but they probably also have bigger risks.
Maybe you could put it in a 3 year or something account where the money is tied up but you get a garunteed return?
They are around $15 at the moment, and expected to hit $18 by market analysts. (originally estimates were $14)
nVidia are expected to get to $19 (up from $18)
nVidia have dropped from their peak some months back, I wouln't go for them, nor ATi.
Try looking at smaller companies, they usually give a better return, the UK main market (FTSE100) has risen a lot less than the smaller comapny index (FTSE250) since March or thereabouts, I'd guess there may be a similar thing in the US, so smaller comapnies may offer better returns, but they probably also have bigger risks.
Maybe you could put it in a 3 year or something account where the money is tied up but you get a garunteed return?
If I had $1K to invest, I would place my money in an aggressive-growth mutual fund. These are high risk funds that can generate some great returns (or some not-so-great returns 
). Since I'm young (and so are you), taking a high risk is acceptable. There are plenty of aggressive-growth funds that require anywhere from $0-1,000 to buy in. Head over to Yahoo Finance's Funds page. They have great articles to educate yourself about mutual fund investing. Their fund screening tool is really useful to narrow down the enormous field of funds to a handful that will suit your tastes.
). Since I'm young (and so are you), taking a high risk is acceptable. There are plenty of aggressive-growth funds that require anywhere from $0-1,000 to buy in. Head over to Yahoo Finance's Funds page. They have great articles to educate yourself about mutual fund investing. Their fund screening tool is really useful to narrow down the enormous field of funds to a handful that will suit your tastes.I purchased a boatload of ATI stock back in April of this year, and have nearly tripled my money. I suggest you look at the chart of ATI's stock price over the last 20 weeks and prepare to put your foot in your mouth. It's been running like a bull for months now. I always protect myself with trailing stops, thus if the stock was to whipsaw for a loss, I'd be out with a trememdous profit. Although the room for growth is down, I believe it's still good for 10% growth if one was to purchase today.
> I'd like to bring in a little extra money seeing as I'm a poor college student that doesn't want to get into debt.
You might as well go to Vegas or your local native american casino as play with stocks to make short-term cash. Unless you really know what you're doing and can afford to lose it all, stocks are a lousy short-term way to make money -- stocks work best with a long-term buy and hold strategy, and for most people mutual funds make more sense than sotcks.
Get a job (or a second job), or cut spending if you want more cash. Or feed it all into a slot machine and hope for big money.
You might as well go to Vegas or your local native american casino as play with stocks to make short-term cash. Unless you really know what you're doing and can afford to lose it all, stocks are a lousy short-term way to make money -- stocks work best with a long-term buy and hold strategy, and for most people mutual funds make more sense than sotcks.
Get a job (or a second job), or cut spending if you want more cash. Or feed it all into a slot machine and hope for big money.
Let me clarify some things. I am not an ATI nor an Nvidia fan. That was not the decision-making factor. I haven't really kept up with computer technology like I did in the past. I remember reading a while back that Nvidia stock was good to buy into. I was simply asking if it was still a viable option. I was not looking to make the stock market my source of income. I see putting my savings in a savings account as a waste, however. What is considered longterm in the stockmarket? I wasn't looking to buy in and get out in a matter of months. I will also check out the mutual funds as suggested. I would prefer not to lose all my money but am willing to take some risk if the dividends will help fund my education. Once again, let me clarify. I am not looking for this to pay my way, but every little bit helps. For those of you that buy mutual funds, what do you buy?
For those of you that buy mutual funds, what do you buy?
I was in your situation about 2 month ago then I took out half of my money and put it in Scottrade. I think I have a 4% return already in 2 weeks. By no ways do I wish to advice you on which stock you buy because I do not want to be hold responsible.
Here are my advices on purchasing stocks:
1. Although the market is somewhat stable but there is not one single company that gurantees a earning from the minute that you buy it.
2. You can have a pleasant experience with the stock market if you know whether you are investing for a short-term or long-term.
3. The particular stock Nvidia considered a relative volatile stock (by analystist) to purchase so go from there.
All in all, good luck.
Here are my advices on purchasing stocks:
1. Although the market is somewhat stable but there is not one single company that gurantees a earning from the minute that you buy it.
2. You can have a pleasant experience with the stock market if you know whether you are investing for a short-term or long-term.
3. The particular stock Nvidia considered a relative volatile stock (by analystist) to purchase so go from there.
All in all, good luck.
Imclone. They are getting ready to do tests on their cancer drug. It has been shown in clinical tests to reduce tumor size by 55% with chemotherapy. It is on track for FDA consideration soon. Also, a company called Genentech is developing a cancer drug called Avastin. It tackles tumors by killing their ability to create blood vessels. They are asking the FDA for fast track consideration. They should know by next year. Their stock is pretty high right now, about 80 bucks. It went up 40 bucks in 2 months! Imclone is at 46.48 right now, but if their drug is approved, it will go up to 80 also. Yeah, there is risk, but with these kinds of drugs getting ready to hit the market, you will probably double your money. I would search around for new promising drugs in the works, coming from small companys.
First off you should really think hard and see if you're really willing to except that risk. What ever return you believe you can get, put a negative sign in front of that percentage, make the calculation to see the dollar amount and see if you're willing to lose that from your initial investment capital.
If you're not, spend the money on yourself (i.e. books you like to read, a small trip, etc.; things that make you happy and a better person)
If you're willing to except such risk, the general measurement of risk in stocks is their beta.
Some info on stock beta *pdf file*
More sources can be found via google search term "stock beta"
This is just one of many "advice" you'll hear. Welcome to the world of investing
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