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I have a couple of dollars to blow, and need some advice about where i should invest in the stock market. Any help from people knowledgeable on the subject is appreciated.
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Originally Posted by Integra Owner
I have a couple of dollars to blow, and need some advice about where i should invest in the stock market. Any help from people knowledgeable on the subject is appreciated.
Long term trader is probably the correct term for what I'm trying...honestly I'm just looking to bounce ideas aroundOriginally Posted by hombrelobo
Originally Posted by Integra Owner
I have a couple of dollars to blow, and need some advice about where i should invest in the stock market. Any help from people knowledgeable on the subject is appreciated.
Don't take any advice from NT. Not even when it comes to commodities. First of all, figure out if you're going to be an investor or a trader. There's a big difference. Once you figure that out, develop a plan with a real professional.
I know right, it basically means I buy stocks with potential and sit on them for a little while until I can turn a profit. I'm not investing any of my money, but I have about 5,xxx sitting around doing nothing so I would like to reinvest in the markets. I already consult a professional, just wanted to see if i could get anything off of here.Originally Posted by foreveryoung
Good choice about wanting to invest man. Its an important decision a lotta ppl dont make. I'd def agree about the professional before you do anything. Or at least professional resources and tools if youre looking to learn yourself.
The biggest question is what are your goals? You say long term trader. Thats kind of a confusing way to word itAs in building money for retirement? Or you just looking for a way to make some extra money? Cuz like dude said, thats a HUGE determining factor about how to invest. And also what % of your money your investing
These professionals are just as bad, telling people to have a specific asset allocation regardless of the condition of the economy.Originally Posted by hombrelobo
Originally Posted by Integra Owner
I have a couple of dollars to blow, and need some advice about where i should invest in the stock market. Any help from people knowledgeable on the subject is appreciated.
Don't take any advice from NT. Not even when it comes to commodities. First of all, figure out if you're going to be an investor or a trader. There's a big difference. Once you figure that out, develop a plan with a real professional.
Are you speaking based of first hand experience? I'm curious.Originally Posted by cguy610
These professionals are just as bad, telling people to have a specific asset allocation regardless of the condition of the economy.
Professional says, "You are young, go with all stocks." Nevertheless, unemployment is double digits, Greece/Europe is headed downhill, China's economy is slowing, and Americans are taking to the streets.
Originally Posted by hombrelobo
Are you speaking based of first hand experience? I'm curious.Originally Posted by cguy610
These professionals are just as bad, telling people to have a specific asset allocation regardless of the condition of the economy.
Professional says, "You are young, go with all stocks." Nevertheless, unemployment is double digits, Greece/Europe is headed downhill, China's economy is slowing, and Americans are taking to the streets.
No advice, but you came in to bash. Thanks for adding to the community buddy. I'm not out to prove anything to you or anyone else, but I have that strictly to invest in the stock market...nothing else.Originally Posted by Frank Mucus
$5,000 isn't much.
Stop speaking right now then.Originally Posted by cguy610
I'm going off experiences of friends, family, and talks with financial advisors that I know.
Originally Posted by Integra Owner
No advice, but you came in to bash. Thanks for adding to the community buddy. I'm not out to prove anything to you or anyone else, but I have that strictly to invest in the stock market...nothing else.Originally Posted by Frank Mucus
$5,000 isn't much.
I don't think there's such a thing as long-term trader.Originally Posted by Integra Owner
Long term trader is probably the correct term for what I'm trying...honestly I'm just looking to bounce ideas aroundOriginally Posted by hombrelobo
Originally Posted by Integra Owner
I have a couple of dollars to blow, and need some advice about where i should invest in the stock market. Any help from people knowledgeable on the subject is appreciated.
Don't take any advice from NT. Not even when it comes to commodities. First of all, figure out if you're going to be an investor or a trader. There's a big difference. Once you figure that out, develop a plan with a real professional.
QFT, but now that you mention it...Originally Posted by hombrelobo
Originally Posted by Integra Owner
No advice, but you came in to bash. Thanks for adding to the community buddy. I'm not out to prove anything to you or anyone else, but I have that strictly to invest in the stock market...nothing else.Originally Posted by Frank Mucus
$5,000 isn't much.
I wouldn't say he's bashing. It's going to be hard to squeeze a lot out of $5000. Shouldn't stop you from starting, though.
Yea, feel free to do no research and put all your faith and life savings in the hands of some "professional". Let me know how that works out for you.Originally Posted by hombrelobo
Stop speaking right now then.Originally Posted by cguy610
I'm going off experiences of friends, family, and talks with financial advisors that I know.
[h1]Charles Schwab settles SEC allegations that it misled investors about risks of bond fund[/h1]
[h2]The brokerage agrees to pay $119 million in settlement. Its YieldPlus fund lost hundreds of millions of dollars in early 2008 when the value of the many mortgage bonds in its portfolio collapsed.[/h2]
January 12, 2011|By Walter Hamilton, Los Angeles Times
Three years after a supposedly safe bond fund plunged in value, Charles Schwab Corp. agreed to pay $119 million to settle government allegations that it misled investors about the risks of the portfolio's mortgage-related holdings.
The Securities and Exchange Commission's suit against Schwab, which was filed as well as settled Tuesday, depicts a microcosm of the mortgage meltdown and financial crisis, with plenty of blame to go around.
http://articles.latimes.c...a-fi-schwab-sec-20110112
lol... man, coming from frank, him saying "5,000 is not much" ..... check out the polo thread, he has 5,000 worth of clothes in one pictureOriginally Posted by Frank Mucus
QFT, but now that you mention it...Originally Posted by hombrelobo
Originally Posted by Integra Owner
No advice, but you came in to bash. Thanks for adding to the community buddy. I'm not out to prove anything to you or anyone else, but I have that strictly to invest in the stock market...nothing else.
I wouldn't say he's bashing. It's going to be hard to squeeze a lot out of $5000. Shouldn't stop you from starting, though.
Spoiler [+]
To get back on topic:Originally Posted by Integra Owner
I have a couple of dollars to blow, and need some advice about where i should invest in the stock market. Any help from people knowledgeable on the subject is appreciated.