stock market

[Verger OG]

I would not invest in anything. With peak oil and peak everything as a matter of fact.

I am buying gold and silver.

When there will be the global financial crash in some years...and all these losers curse the ATM for being off line....I can buy my food with real money.

 

[HerbMan26]

Needed to say that TECH like Microsoft,Apple,AMD,Intel is a better time to buy in the Summer or at the end of Summer since folks are gearing up for Christmas.Alot of everyone is selling Now...The Big Boys booked their profits and are long gone now.

Thats so true TNTBudSticker all the big boys are long gone on the big swingers. Either way i'm a die hard GOOG fan, its way over hyped and thats why i love it, there is always a big swing up or down. Right now i'm not holding any GOOG stocks but i do bet against it so either way GOOG is making me money and when it bottoms out i'll go all in on the stock.Its really going to take some big new to stop the slide but i'm sure as a book when it does bottom out its going all the way back up. So for now i'll just be watching from the side lines.Forex is working great for me, 18% YTD so i really cant complian.

 

[minds_I]

Hello all,

I disagree. A 1000$ is fine to start.

I am a home gamer myself learning the ropes and a grand is a fine place to start.

don't bother, unless you have few hundro thous dollars...find some other assets. look into roth IRA.

Wohoo the Dow was up today.

I also own some google...man, I dont know If I should jump ship on this one.

minds_I

 

[Mt Toaker]

In the first Austin Powers if you watch it Number 2, when Dr. Evil is unfrozen, explains how the evil empire sunk a lot of money into a small coffee corporation known as Starbucks and made all of its money. If you put money in Starbucks when he said that in the movie you would have mad an incredible amount of money.

Moral to the story, listen to movies about the stock market. . . . . Ok don't but I still thought it was an interesting fact, my business teacher mentioned it one day in class.

 

[Guest]

anyone dabble in the market?? i used to play with stocks years ago and than real estate started booming so i put my $$ into real estate.. now real estate is dead so I am going to start playing again anyone read any good books lately?? i am reading Rule #1: The Simple Strategy for Successful Investing in Only 15 Minutes a Week!

No, no. Now is exactly the time to get into the real estate market - in terms of investment. With the housing market decline and credit crunch home equity is down 30% nation wide and even more so in specific locales. For instance, in Florida - especially prime locales the decline is as high as 40%. This means that its a buyers market, and a savvy buyer can potentially purchase a $1M home for about 600K. As all things in the economy, the housing market is cyclical. Rebound is projected in 2010 - 2011. So if you buy a $1M property for 600K and make payments until the housing market rebounds, you have the potential to earn 400K for 3 years of carrying a mortgage... (plus you'll get your mortgage payments back as profit). This is also beneficial in terms of the federal interest rate...

Playing the stock market is fine, but right now is an exceptionally good time to buy real estate or a car or any other big, financed good...

 

[Guest]

Re: the stock market; it's not rocket science or impossible for a beginner, but there is some skill and for lack of a better term 'gut' instinct involved.

To successfully invest, a person either needs to have a great deal of luck, an excellent financial planner, or the ability to analyze a company's performance in terms of liquidity ratios, profitability ratios, and beta...

 

[TNTBudSticker]

If you want to try to see using your skills without real cash...There is a contest called WallStreet to win some money.

http://www.wallstreetsurvivor.com/home.aspx

You get $100,000 and no more than $25,000 per stock....You can even Short stocks too.

My best stock picked was Garmin when I picked it last Year at $45.00 and went to $120.00.I didn't use Real Money (Crap) but it put in the top 100 in a contest out of 10,000 folks.

I read that U.S.A may cut the rates again .50 with 88% of the Market betting for it ...So far,its at 3%.... Lower rates is good for Gold and as to get loans for cars,houses

It'll be awhile while the lower interest rates are gonna try to simulate the Economy for housing in U.S.A that is.

 

[Stoner4Life]

Wall Street Money Machine by Wade B. Cook, he invested
whatever he could afford to as he was a NYC taxi driver.......

TXCC is a stock trading under $1.00 right now, it seems to be
on a perpetual rollercoaster ride. With a minimum investment it
can be traded constantly in the 'buy low-sell high' game, making
.20 (20 cents) per share while trading 500 shares constantly will
net you $100 per flip, easy to do with a stock like TXCC.

 

[Stoner4Life]

Want to get ahead? Apply this knowledge & you will

Want to get ahead? Apply this knowledge & you will

I'm really happy to see this thread topic addressed, K+ to you mysticls.

Surely you'll not recall my preaching about spending/savings habits as I try not to sound as though I'm playing 'dad' to the members. But.......

I feel VERY strongly about these two books below, they've helped me attain the home I own (w/o mortgage), the cars, bikes, & big boys toys I own also.
None of those items were bought new but I bought them 'right' and of course timing was everything as well, just like the stock market there's a right and wrong time to make major purchases as well. I have a hobby (buying/selling Randall Knives) that makes me some extra money as well. Thank God for the internet & eBay.......


The sooner you start to enhance your income with the info from the books above the sooner you'll realize the potential of financial freedoms, you'll have the knowledge and confidence to say "Yeah, I can afford to do that." for the things that seem to tax or burden you right now.......

 

[Guest]

S4L; yeah that Millionaire next door is an excellent resource for personal finance information. I listened to the Audiobook while flying around for work. The lessons it contains really help in everyday practical decisions. Anyway...

 

[Stoner4Life]

S4L; yeah that Millionaire next door is an excellent resource for personal finance information. I listened to the Audiobook while flying around for work. The lessons it contains really help in everyday practical decisions. Anyway...

exactly my point, practice the principles in that book to everyday life & you'll naturally save money, stop wasting $$$ & be in the plus column with what is mostly common sense spending habits. You need not be rich to profit immediately from 'Millionaire Next Door' in fact it's the path to getting there.......

 

[Guest]

I found the excerpt about the auctioneers to be particularly of interest. What was it, something like 30% of auctioneers retire millionaires? The book also helps shake the reader/listener out of the worker bee mentality which is a big step in attaining wealth. Very good stuff.

 

[mysticls]

exactly my point, practice the principles in that book to everyday life & you'll naturally save money, stop wasting $$$ & be in the plus column with what is mostly common sense spending habits. You need not be rich to profit immediately from 'Millionaire Next Door' in fact it's the path to getting there.......

isn't that the truth

i will definately be picking up this book..thanks for the recommendations.

I also hear rich dad poor dad is a good read but I have yet to read that.

Anyone read any of Donald trumps books?? hes got a new one about which lookings pretty good.. and i heard good things about Think BIG and kick ass

 

[TNTBudSticker]