Anyone Trade Stocks? - FMVperformance.com : The site for all your Ford Mazda and Volvo needs
 
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post #1 of 5 (permalink) Old 07-22-2006, 06:09 AM Thread Starter
F1 Driver
 
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Anyone Trade Stocks?

Just wondering if any of you trade stocks... Do you use a bank broker, or an online broker? If so, which one? Do you use any programs to assist your picks/timing?


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post #2 of 5 (permalink) Old 07-22-2006, 10:49 AM
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Re: Anyone Trade Stocks?

I would be interested in knowing some tactics as well, I was thinking about throwing some money into the market with prices going down somewhat.

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post #3 of 5 (permalink) Old 07-22-2006, 12:59 PM
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Re: Anyone Trade Stocks?

I trade on Fidelity.com Depending on how often you want to trade and your income, Fidelity is a overall good choice. Others are scottrade, etrade, schwab, etc. Some sites that could help you out if your a first timer is TheStreet.com, CNBC.com, Wallst.Net, Yahoo! Finance.
As for stratagies or tactics, rather simple. Buy low, Sell high. Now (I believe after the August 8th Fed meeting) will be the perfect time to buy stocks, as you know they have fallen terribly for really no big catalyst of reasons. You have to do your homework on a specfic company obviously, but generally speaking even companies with great earnings and guidance (future earnings), and getting creamed, some losing over 50% of their value.
As a general rule, you should start with at least $2,500 to invest, minimum. If your investing $1000 dont even bother, since you aren't going to make considerable money fast, better off in a mutual fund (or even a bank with the current rates)
Above all, make it fun. Invest how you want to, not how others tell you. I invest in speculative stocks that have big swings in price. Yes you can lose it all (or alot of it), but you can also times your investment by 3-4-5 times, or more. Most big wigs just throw money in GE or Microsoft, which haven't done anything in over 5 years.
One last thing, be patient. You should generally trade stocks over a 6-18 month time span. Things don't happen overnight, and you need to wait for the company to develop, espcially a smaller one. If you guys have any specfic questions PM me, and i'll try to help you out, but information is plentiful now on the net. Two examples I think of when it comes to stocks, is Google and Apple. I would argue many people on these forums either use google or love thier IPOD. Makes sense to invest right? Well yes. Since google went public a couple years ago it has quadupled in value. That's right, even $2,500 would be $10,000 today. And apple? In about three years (the IPOD years), it has rose 10x in value. That small $2,500 investment is worth $25,000.....enough for a loaded Mazda 3 and a stripper in the back. I love it.

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Mummyman is offline  
post #4 of 5 (permalink) Old 07-22-2006, 08:33 PM
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Re: Anyone Trade Stocks?

I used to work with Smith Barney and transferred my IRA to my friend there when I left. I used to work for her and we got along so well I decided to let her handle my retirement account. Their online program is really nice and has actually won awards for it's platform.

I now work for a hedge fund and I support a small team of analysts. It's always interesting to hear them speak about the research they perform.

For any good solid investment advice, speak with a financial advisor. They will know what your goals are and have the background to make the best judgement with your money.
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post #5 of 5 (permalink) Old 07-24-2006, 12:41 PM
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Join Date: Jan 2005
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Re: Anyone Trade Stocks?

I trade stocks. What will you give me for these?



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