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  1. MKGB MKGB is offline

    Ithaca, NY
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    Nov 1st, 2006 (11/1/2006 2:30pm)

    Potential market downturn due to weak economic data = best thing ever. Anyone else praying for a shock to oil prices and/or a bunch of crappy earnings reports?
  2. JustALurker JustALurker is offline

    Anchorage, AK
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    Nov 1st, 2006 (11/1/2006 2:33pm) in reply to MKGB

    speaking of stock market...

    how does one go about getting into stock market trading? I know nothing about it but would really like to invest some money shortly. Any help?
  3. TheMayor TheMayor is offline

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    Nov 1st, 2006 (11/1/2006 2:34pm) in reply to JustALurker

    www.yahoo.com
  4. jerichoholic jerichoholic is offline

    Bad Axe, MI
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    Nov 1st, 2006 (11/1/2006 2:35pm) in reply to TheMayor

    i'm investing in gold?!!!
  5. MKGB MKGB is offline

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    Nov 1st, 2006 (11/1/2006 2:41pm) in reply to JustALurker

    I can't really recommend investing money w/o seeking advice if you know nothing about it. But, if you are getting sound advice and want to open up a self-directed brokerage account, you can make cheap transactions on sites like Etrade.com, Scottrade.com, and Schwab.com.

    I personally invest through my advisor, who doesn't really advise so much as holds my accounts. I do hours upon hours of research on companies and their valuation before I pull the trigger, which I'm willing to wait forever to do... so if you don't really know what you're doing, I would either a) seek some good advice or b) stick w/ mutual funds for now to hedge your risk. Investing in stocks when you don't know what you're doing is very similar to going all-in blind UTG on a full table.
    Thread Starter
  6. godseyt godseyt is offline

    Hilliard, OH
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    Nov 1st, 2006 (11/1/2006 2:44pm) in reply to MKGB

    Potential market downturn due to weak economic data = best thing ever. Anyone else praying for a shock to oil prices and/or a bunch of crappy earnings reports?

    As a holder of both stocks and stock options, my answer to this would be no.

    TJ
  7. MKGB MKGB is offline

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    Nov 1st, 2006 (11/1/2006 2:45pm) in reply to godseyt

    I suppose you are one of those people who likes to buy stocks when they are going up...
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  8. JustALurker JustALurker is offline

    Anchorage, AK
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    Nov 1st, 2006 (11/1/2006 2:45pm) in reply to MKGB

    I love nothing more then going all in blind UTG on a full table. I can stand to lose money...it's more just the learning experience that I like and who knows...maybe i could get lucky. So i'll probably try a self-trading deal first.
  9. MKGB MKGB is offline

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    Nov 1st, 2006 (11/1/2006 2:49pm) in reply to jerichoholic

    If you bought gold at any time before mid 2005, you are the man... if you are buying gold now, GL
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  10. godseyt godseyt is offline

    Hilliard, OH
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    Nov 1st, 2006 (11/1/2006 2:50pm) in reply to MKGB

    Most of my stocks are bought through an employee stock purchase plan. I get my company's stock at a guaranteed 10% discount. So timing the market with my buy isn't really necessary since I realize an immediate 10% return on my money. I also have stocks from a previous employer that I have had for about 5-6 years that have more than doubled in value. So no, I am not an idiot as your post seems to be suggesting.

    TJ
  11. TheWacoKidd TheWacoKidd is offline haters gonna hate

    Henderson, NV
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    Nov 1st, 2006 (11/1/2006 2:52pm) in reply to MKGB

    I'm one of those ppl who don't want the ones I'm currently holding to go down that's for sure... I have already bought...
     1
  12. ProfessorFrn ProfessorFrn is offline

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    Nov 1st, 2006 (11/1/2006 2:53pm) in reply to MKGB

    No he is just someone, who like me and other millions of Americans doesen't like to see the value of their portfolio go down. :(
     
  13. hoops886 hoops886 is offline

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    Nov 1st, 2006 (11/1/2006 2:55pm) in reply to ProfessorFrn

    i do what ever jim cramer tells me to do
  14. MKGB MKGB is offline

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    Nov 1st, 2006 (11/1/2006 3:01pm) in reply to ProfessorFrn

    Understandable guys, and godseyt I wasn't implying you are an idiot. But if you guys are confident in your investments then stomaching short-term losses shouldn't really bother you at all. If you are not confident in them, maybe you need to re-evaluate.

    Think about it, say you bought a stock at $40, it grows to $55, then this hopeful short-term hit takes it down to $50. W/ an economic boom around the corner why would you even really care, bc the value of your portfolio is lower? Unless you're planning on retiring soon or are jumping in and out of positions you shouldn't really care. All you should care about is the price you think you're going to be able to potentially sell it at, so if it ramps back up to say $60 eventually, the fact that it went from $55 to 50 at one point means absolutely nothing.

    I wasn't implying godseyt to be an idiot, and he probably is dollar-cost averaging which is great, but for the people that look at buying opportunities, it is a lot more attractive when the market is looking grim than when it is booming.
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  15. BigJohn804 BigJohn804 is offline

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    Nov 1st, 2006 (11/1/2006 3:01pm) in reply to godseyt

    I think what he's implying is that you apparently don't see value in shorting stocks.
  16. MKGB MKGB is offline

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    Nov 1st, 2006 (11/1/2006 3:02pm) in reply to hoops886

    That is funny
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  17. godseyt godseyt is offline

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    Nov 1st, 2006 (11/1/2006 3:07pm) in reply to MKGB

    No sweat MKGB. Your post seemed to imply I was a "buy high, sell low" idiot. You are also correct that my investments are long-term in nature so small dips don't really concern me.

    TJ
  18. BigJohn804 BigJohn804 is offline

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    Nov 1st, 2006 (11/1/2006 3:09pm) in reply to MKGB

    Personally, I'm extraordinarily bullish on the financial opportunity of the next few years. I don't expect a whole lot out of the market for the next 18 months, but there's always money to be made whether up or down. But in the runup to the 2008 election and beyond, I'd imagine the market will breakout again. Couple that with the real opportunity to get started in real estate while that particular market slows, and if you are educated to the opportunities out there and positioned correctly, you could make a killing to close out this decade.
  19. Octan3_ipwnsippin Octan3_ipwnsippin is offline

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    Nov 1st, 2006 (11/1/2006 3:12pm) in reply to BigJohn804

    OIL stocks... do they sell those?
  20. MKGB MKGB is offline

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    Nov 1st, 2006 (11/1/2006 3:18pm) in reply to BigJohn804

    Agree w/ BigJohn. I have been positioning myself for years for the next run-up. I think that 2008 and beyond will be phenomenal if the taxes aren't raised to ridiculous rates. Hopefully we have already captured Bin Laden and can break that news a couple weeks before the '08 elections so then we wouldn't have to worry at all about a tax hike limiting the next boom..

    In the short term, I have to be honest, I am praying that we bomb the shit out of Iran (no ground troops) bc that will 1) eliminate a threat of nuclear expansion and 2) kill the most recent stock market rally. That is my dream, guess we'll see how it plays out...
    Thread Starter
  21. yeagermyster yeagermyster is offline

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    Nov 1st, 2006 (11/1/2006 3:24pm) in reply to JustALurker

    Trading on your own without knowing why you are buying a stock is completely STUPID! Get some real advice first and watch the fees on mutual funds. Your broker is going to push mutual funds because they pay the broker more $. Look for no load funds and index funds. If you aren't going to do the research and know what to look for you are going to make big mistakes.
  22. MadTiger MadTiger is offline

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    Nov 1st, 2006 (11/1/2006 3:25pm) in reply to yeagermyster

    So true.

    I have more finance ed than most of the brokers, and I still go with funds 90% of the time.

    ETFs and index funds are the shit.
  23. TheWacoKidd TheWacoKidd is offline haters gonna hate

    Henderson, NV
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    Nov 1st, 2006 (11/1/2006 3:26pm) in reply to MKGB

    damn that is some selfish shit lol

    I thought I was all about my money, but christ dude... hoping for a new war so you can profit? that is looow...
     1
  24. frozenhead frozenhead is offline

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    Nov 1st, 2006 (11/1/2006 3:30pm) in reply to MKGB

    short and put tips?
  25. MadTiger MadTiger is offline

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    Nov 1st, 2006 (11/1/2006 3:33pm) in reply to TheWacoKidd

    Morals aside (hehehe)

    people should have a pyramid:

    the base of which is your safer investment vehicles, and the top are your more speculative plays (options, commodities, etc.)

    Here is my link of sites so people can research things:

    Link!
  26. BigJohn804 BigJohn804 is offline

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    Nov 1st, 2006 (11/1/2006 3:38pm) in reply to frozenhead

    New home builders, perhaps?
  27. StnColdKillr StnColdKillr is offline

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    Nov 1st, 2006 (11/1/2006 3:40pm) in reply to frozenhead

    options are a whole other animal. You need to talk w/ an options specialist to make sure your doing it right.
  28. frozenhead frozenhead is offline

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    Nov 1st, 2006 (11/1/2006 3:42pm) in reply to MadTiger

    Would, say, an investment OVAL be morally superior to a PYRAMID?
  29. MKGB MKGB is offline

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    Nov 1st, 2006 (11/1/2006 3:42pm) in reply to TheWacoKidd

    It's pretty low, but considering I have thought Iran has needed a firm bombing for some time now, it's at least in some part politically-oriented. I don't want an all-out new war though, I just hope that their nuclear facilities will be destroyed.
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  30. MKGB MKGB is offline

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    Nov 1st, 2006 (11/1/2006 3:45pm) in reply to MadTiger

    I think everyone should start with mutual funds or index funds, even if they claim they can risk the money like Lurker is saying...
    Thread Starter
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