prepheckt 0 #1 November 19, 2002 Hey everyone, I would like to set up a stock portfolio, not sure how to get started. I know the stock market is in the hole right now, any tips or strategies? CD?, T-Bills? I would like to have a comfortable nest egg when I retire, which is why I want to start now. Any suggestion?"Dancing Argentine Tango is like doing calculus with your feet." -9 toes Quote Share this post Link to post Share on other sites
SpaceUnknown 0 #2 November 19, 2002 Check out www.RichDad.com Although it's more about Real Estate investing, I think the forums have REALLY good information in other areas of investing (not only real estate, and developing successful business practices). You might also consider looking up Investing seminars on files sharing software like Kazaa. You'd be amazed at the interesting and useful audio you'll find! Hope this helps, James AAAAA - American Association Against Acronym Abuse. Quote Share this post Link to post Share on other sites
prepheckt 0 #3 November 19, 2002 Will do..Kaaza's blocked by my firewall "Dancing Argentine Tango is like doing calculus with your feet." -9 toes Quote Share this post Link to post Share on other sites
TomAiello 26 #4 November 19, 2002 QuoteI know the stock market is in the hole right now, any tips or strategies? As a general rule, the time to buy an equity (stock) is when it is in the basement. That way, you can ride it up and sell at the top. If I were you, I'd stick money into something like a money market account, then wait for what you think is the bottom of the stock market. Then buy stocks. Do it right, and you should get a nice long ride up. Do it wrong and you'll get what 75% of investors in America have gotten over the last few years. Buy low, sell high. Things look pretty low right now--it could be a good time to buy.-- Tom Aiello Tom@SnakeRiverBASE.com SnakeRiverBASE.com Quote Share this post Link to post Share on other sites
prepheckt 0 #5 November 19, 2002 What do you think about mutual funds? That's what I'm considering or an IRA, not sure which."Dancing Argentine Tango is like doing calculus with your feet." -9 toes Quote Share this post Link to post Share on other sites
wlie 0 #6 November 19, 2002 Read my Too good to be true thread.Personally, stay away from mutual funds. It's loaded with tax liability, maintenance overhead, ++. Don't even get conned into them No-Load mutual funds - those money mgrs got to make money one way or another, and most likely it'll be you. CDs and T-bills are alright if you have idle money. But with interest rates right now, it might now be such a great idea. Stocks... Buy something that you already purchase goods and services from or regularly (but stay away from telecom - my bad experience) because it would be easier for you to qualify good reasons for buying their stock. Also, write to the companies you plan on buying shares for a copy of their annual report - they'll be happy to send you one. And it won't be a bad idea to join an investment club. Here's a good staring point: http://www.better-investing.org/ My other ride is the relative wind. Quote Share this post Link to post Share on other sites
TomAiello 26 #7 November 20, 2002 An IRA (Individual Retirement Account) is an accounting designation, referring to assets held with certain tax advantages. You can own mutual funds, individual stocks, bonds, or a number of other assets with IRA funds. The most popular retirement strategy is to use IRA, 401(k) or 403(b) [403(b) is just a 401(k) for government employees] money to purchase fairly aggressive mutual funds (so, mostly stock based, often with an emphasis on "growth" stocks), and hold them over the long term. If you can set up a 401(k) or 403(b) account, it's usually a bit better than an IRA (higher contribution limits, similar tax advantages, payroll deduction contributions, can be started with zero capital in hand). Most medium to large employers have 401(k) programs. A typical "textbook" example would be to contribute 10% of your pre-tax income to a 401(k) account, then divide the contributions evenly between 2-4 different mutual funds (usually managed by the same umbrella company--that's just the way 401(k)'s usually work). For example, you might split your contributions between an Aggressive Growth fund, an International or Global fund, and a Contra fund. Sorry, I just realized this is sounding like a lecture. I'm flashing back to the years I spent TAing Investments and Personal Finance.-- Tom Aiello Tom@SnakeRiverBASE.com SnakeRiverBASE.com Quote Share this post Link to post Share on other sites
wlie 0 #8 November 20, 2002 Let's not forget that the purchase of a home is not a bad idea either. And... you may qualify only once to withdraw (actually borrow) from your 401k, 403b, or IRA towards the purchase of your first home. Might actually be your best bet because you'll have to pay back the balance (your own principle) and interest (paying yourself, thus a little more leverage in maximizing beyond the maximum annual contribution).But please correct me anyone if I'm incorrect. My other ride is the relative wind. Quote Share this post Link to post Share on other sites
wingnut 0 #9 November 20, 2002 prephect....dude..you have like no money as is........ where ya gona find this???? or ya gna use your loan?? ______________________________________ "i have no reader's digest version" Quote Share this post Link to post Share on other sites
wlie 0 #10 November 20, 2002 I just got an insanely great idea. So writing it down here, I reserve the right of ownership to this novelty of a money making scheme, that should it ever get borrowed or stolen, the borrower or thief, is obligated to share their profits with me. By posting on DZ.com, I will allocate a fraction of the profits with Sangiro for the upkeep of DZ.com. The rest I shall put towards buying jumps, beer, ++ at my discretion. Sounds lawyer enough?The scheme: All those stocks I own that have tanked... I'm going to have the brokerage deliver them to me. One share, one certificate. I'll frame them, and sell them as historical artifacts. My other ride is the relative wind. Quote Share this post Link to post Share on other sites
TomAiello 26 #11 November 20, 2002 Quote All those stocks I own that have tanked... I'm going to have the brokerage deliver them to me. One share, one certificate. I'll frame them, and sell them as historical artifacts. There's a somewhat famous investment story about that. As I recall, the punch line was that one of the defunct companies (it was a railroad, I believe) was repurchased by a larger competitor, and suddenly the old certificates (which had been used to wallpaper a study) became quite valuable. The company finance guys came out, stamped the investor's wall "cancelled" and paid him off more than the original value of the shares.-- Tom Aiello Tom@SnakeRiverBASE.com SnakeRiverBASE.com Quote Share this post Link to post Share on other sites
wlie 0 #12 November 20, 2002 So are you IN on this? I need someone with lawyer lingo to write something so I can present it to a loan officer (need initial capital for the frames you know). I could also use someone with advertising/marketing know-how too. My other ride is the relative wind. Quote Share this post Link to post Share on other sites
Scoby 0 #13 November 20, 2002 Now is not really the time to buy bonds. CDs are not really paying anything either. Only start investing now if you don't need to see the money for a long, long time. First of all, you should fully fund a Roth IRA. You can contribute $3k per year, and all earnings are tax-free (after you reach age 59 1/2). You can choose whatever investments you want within the IRA. Right now, I'd be looking at index funds. They are inherently diversified and cheap to buy and maintain (managed mutual funds have fees which eat up a lot of your gains). The stock market is down now, so you can look at it as a buying opportunity. Quote Share this post Link to post Share on other sites
judedre 0 #14 November 20, 2002 call me i will personally be your broker but NOT IN STOCKS i made $800 today on every $2000 contract of the euro that we traded for all my clients accross the board call me 1866 539 6814 ex 223 check out www.sterlintrading.com have a look at the charts and see where all the money is really made ! because thats what its all about isnt it? thers no one else i would rather make $$ for than other jumpers...chat soon Andre Stepsky senior Broker Sterling Trading Group Quote Share this post Link to post Share on other sites
WFFC 1 #15 November 20, 2002 Here's one to start your research on. HeadWaters - symbol HDWR. The board of directors got a bit peeved at senior management several years ago as they were driving the company into the toilet. So, they canned them all, brought in a new management team. The new management team paid off most of their debt, increase profits and the cash on hand that the company has. They've absorbed several companies similar in nature an not really affected the bottom line. I got in about the time the management team got canned at .50 per share. They closed today at $17.24. If the price gets down around 12$ again, I'll be buying more...A couple of the analyst's reports I've read have a target price around 30$ the above does not constitute advise or a solicitation to purchase listed stock. remember, you can lose your ass real quick in the market, or make enough to buy new gear.----- ~~~Michael Quote Share this post Link to post Share on other sites
wlie 0 #16 November 20, 2002 Any chance you might have run into DCH Techonolgies (DCHT) ? I figure you might havesome interest in the alternative fuel business considering that HDWR is.My other ride is the relative wind. Quote Share this post Link to post Share on other sites
Shark 0 #17 November 20, 2002 I'm a broker with a major wire house. My advice is to invest in jump tickets and skydiving gear, then get in the market. Seriously. Quote Share this post Link to post Share on other sites
wlie 0 #18 November 20, 2002 As I've mentioned in my "Too good to be true" thread... My rig was the best golden parachute. My other ride is the relative wind. Quote Share this post Link to post Share on other sites
