any of you folks in the stock market?

[adioman6000]

With everything tanking, what are you guys doing? Buying or selling? everything is on sale so i'm thinking about buying them and holding on to them for awhile..

[moyenecorniche]

Long term...is the only way to assess the market. This will pass, most of the panic as usual is knee-jerk reaction

[lqmeh]

I'm with what you're thinking. Buying things that have hit some lower points right now, and holding for the future.

imo the best thing to do is just make quality buys and hold those until they go back up.

I had a friend lose out on a pretty hefty amount of money, because he bought something, it slightly went up, then came back down to what he paid, and he sold in a panic. Now it's gone up 25% from where he bought it at and is kicking himself repeatedly. Just gotta ride it out.

[koolade9]

don't try to catch a falling knife...

[dparm]

I am indirectly, via my 401k.

[adioman6000]

i'm not really emotionally tied with investing so i'm pretty good on just waiting it out. but i'm just waiting for the end of the dip to buy more, don't wanna get in and have it keep going down if that makes sense. but hot dang the markets have been taking a beating especially today. but just out of curiosity what are you guys buying? i just bought some PFE and looking into M and JWN.

[AudiA4_20T]

There is a stock market thread in the GCC also if you want to get in on our investing game

[Jorgen]

Always invested. Not really changing much aside from increasing what I am buying a little above what I have been doing. Need to up thebuy anyway and would do it no matter because it is along term change and is buying every two week.

[adioman6000]

There is a stock market thread in the GCC also if you want to get in on our investing game

whats the GCC?

[GarrettReid]

How do you all suggest getting into the stock market? (18 y/o college student, broke). I'd like to start off small until I get comfortable with it. I'd like to start off with maybe $500 invested in it.

[adioman6000]

How do you all suggest getting into the stock market? (18 y/o college student, broke). I'd like to start off small until I get comfortable with it. I'd like to start off with maybe $500 invested in it.

well if your broke and with the markets being the way they are right now its hard to say imo the the sharp drop in prices this could be good for the long run but if your broke and need the money at any random time i wouldn't be getting into this stuff until you have a some financial security.

[Jorgen]

How do you all suggest getting into the stock market? (18 y/o college student, broke). I'd like to start off small until I get comfortable with it. I'd like to start off with maybe $500 invested in it.

If you aren't affaid to lose that $500 and don't mind leaving it in the market for atleast a year+ (LTCG's are better than STCG's) this is how I started.

I use sharebuilder (it is connected to ING where I have a few savings accounts). I ended up buying like a couple hundred each of 5 of the dogs of the dow (search it they are just high dividend paying decent stocks). That way even if you don't gain any value you get a small dividend payment to help increase the worth. From there I bought other stuff that looked to be good values to me. Do research adn don't just jump into it or you will likely not have $500 anymore. Keep in mind most places are $5-15/trade for the occasional trader, that is a cost in and then again when you sell out. That will add up quickly and eat your $500 if you try to buy too many different things.

[Menlo S4]

How do you all suggest getting into the stock market? (18 y/o college student, broke). I'd like to start off small until I get comfortable with it. I'd like to start off with maybe $500 invested in it.

With $500, you'll want to find a mutual fund or 2. Add money to the account when you can, and when you get a decent sum in there, you can start dabbling in individual stocks. At 18, you should be thinking in the long term. Let your money compound.

[GarrettReid]

If you aren't affaid to lose that $500 and don't mind leaving it in the market for atleast a year+ (LTCG's are better than STCG's) this is how I started.

I use sharebuilder (it is connected to ING where I have a few savings accounts). I ended up buying like a couple hundred each of 5 of the dogs of the dow (search it they are just high dividend paying decent stocks). That way even if you don't gain any value you get a small dividend payment to help increase the worth. From there I bought other stuff that looked to be good values to me. Do research adn don't just jump into it or you will likely not have $500 anymore. Keep in mind most places are $5-15/trade for the occasional trader, that is a cost in and then again when you sell out. That will add up quickly and eat your $500 if you try to buy too many different things.

I'd rather lose the $500 as a lesson now rather then later. So Sharebuilder is good? My parents used to use eTrade. How do the two compare, would you say?

[adioman6000]

most mutual funds will have a minimum of 2500 to start, you could try etf's if your familiar. thanks jorgen for the info on the dogs of dow bought some t right before the rally.

[GarrettReid]

most mutual funds will have a minimum of 2500 to start, you could try etf's if your familiar. thanks jorgen for the info on the dogs of dow bought some t right before the rally.

What are some things with a lower minimum I could start out with?

[adioman6000]

hard to say depends on your risk tolerance imo. you could trade on ipo's if you see a good future for the company or more volatile stocks, you could trade options fairly cheap and extremely high risk could lose all your money in a day or make 500%, best not to do that if your inexperienced. i'm still new to the whole investing world as well so i'm not familiar with everything.

[A4QuattroBum]

This is good stuff. I've been looking to get into the trading market myself and have a bit if expendable cash.

Sent from my PC36100 using Tapatalk

[jpo]

Buy dividend paying non-cyclical stocks (I.e utilities etc and not miners etc) that have sold off with the broader market. Likely they won't have been as beaten up, and will hold up later if issues persist because they are not nearly as dependant on global growth (defensive). The dividend will pay you to wait and add to total return over the long haul. Plus with treasury yields to be kept low for a really long time that dividend yeild will help support the stock.

[Jorgen]

I don't hate Sharebuilder but I am sure there are better places out there. That just happens to be who I use because I can instantly and easily transfer cash from one of my savings accounts to my share builder account if there is somethign that hits me that I want to grab. Like most their fees are better if you set up a weekly or monthly etc. buy of shares instead of only doing onetime buys.

[WinterRunner]

CLR is a great stock that tanked. Its at about 52 rought now, was selling at over 70 a few weeks ago. Might want to look into it. Also LULU is good stock to grab now.

[CHECKERED]

Learned from my mother who is big into trading, in 2008 when the stock market was in freefall when dow was at 10,000 every time it dropped 1000 points she would put 25K into diamond ETF and guess what? Market recovered in two years and she made a killing.

Right now, I’m snatching up many undervalued stock, bought 5K on Friday, 7K worth on Monday and another 1K on Tuesday because the market was all over the place, today I’m sitting tight.

Learned that with BP during the oil spill, got in @ 27.50 and sold a month later ~40

Trying to do the same with BAC snatched some up for @ 6.75 X 1000 yesterday, 6 months ago they were at 14…so we will see how that pans out.
Bought various odds and ends, credit card companies, defense contractors, mining operations…

[adioman6000]

financial stocks have been a joke but could be a great time to buy. some pretty good earning reports out there with M,CSCO to name some should have a positive impact on the markets tomorrow. but who knows with all that debt crap going on around the world.

[Fade2Black]

I've got mostly my 401k but I took my old IRA that i had from my job switch and put into Ford which jumped up when i first bought it at $5
It has been pretty steady at $11.




**-
- Sent from the one...the only... iPhone

[CHECKERED]

Trying to do the same with BAC snatched some up for @ 6.75 X 1000 yesterday, 6 months ago they were at 14…so we will see how that pans out.

Well, decided to bump BAC stock today @ 8.75 after buffets’ announcement: (30% return) 2K profit in two weeks not too shabby.
Too much uncertainty in the market for me to have that much money tied up in financial institutions...under the proverbial mattress it goes

[adioman6000]

what a rough year, who is bullish for 2012? $bac is looking good to me. what are you guys buying/thinking?