Investments
- Thread starter DoWhat
- Start date
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czygvtwkr
Guest
Get your feet wet with some ETF's (Exchange Traded Funds) and buy this book and read it twice.
http://www.amazon.com/Jim-Cramers-Real-Money-Investing/dp/0743224906
http://www.amazon.com/Jim-Cramers-Real-Money-Investing/dp/0743224906
I don't like to read.
Now is a good time to invest, Christmas hot presents.
LeapFrog Enterprises Inc. Cl A
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czygvtwkr
Guest
I am looking at doing a little day trading.
ProfMoneyWise
Member
What I would do:
Mutual funds. 25% of into Small Cap; 25% Mid-Cap; 25% Large-Cap; 25% International.
Use Morningstar to find those with the best track record for 10 years or more.
You can research the success rate of day-trading and make your own decision if it is for you. I liken it to Vegas without the lights and stay away from it and single-stock investing.
I also have an assist via a couple of sources used for investment advice and overall financial health maintenance.
To answer your question as to whether there are good stocks out there the answer is yes. I hire people who are good at it to help me find them.
Try this: Dave Ramsey's Guide To Investing - daveramsey.com
Some call it a boring way to go about it and that is just fine with me.
Mutual funds. 25% of into Small Cap; 25% Mid-Cap; 25% Large-Cap; 25% International.
Use Morningstar to find those with the best track record for 10 years or more.
You can research the success rate of day-trading and make your own decision if it is for you. I liken it to Vegas without the lights and stay away from it and single-stock investing.
I also have an assist via a couple of sources used for investment advice and overall financial health maintenance.
To answer your question as to whether there are good stocks out there the answer is yes. I hire people who are good at it to help me find them.
Try this: Dave Ramsey's Guide To Investing - daveramsey.com
Some call it a boring way to go about it and that is just fine with me.
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The wife doesn't want me to go to Vegas. but I know I could double my money. I can count cards.
Please share.
ProfMoneyWise
Member
Mine are contained in a multitude of mutual funds that I hold. I suggest you look into those. I don't do single-stock investing.
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czygvtwkr
Guest
They won't let you take your shoes off at the tables
Did you know that there is 52 cards in a deck?
I have investments that are doing very well, but I want to play.
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czygvtwkr
Guest
Buying from where a stock or mutual fund has been means nothing. You know the whole "past performance does not indicate future performance" disclaimer they put in their prospectus?
It only matters where something is going, not where it has been.
Diversify, Diversify, Diversify
ETF's have a big advantage over mutual funds for ones that simply follow an index like the S&P 500, the fees are much lower. Mutual funds can take as much as 2.5% for fees while many ETFs have fees down around 0.25%.
You can buy ETFs in certian sectors, like an energy based one, one of dividend paying stocks, one of tech, the choices are unlimited.
One thing I like to do is take a sector or individual stock that has taken a beating and buying some, usually works out well.
Pete
Repete
Do you have a margin account? Back in the day when I was trading you had to have a margin account to day trade. If you had a cash account you had to wait for the transaction to clear to sell what you just bought. Back then it was 3-5 days.
Know idea.
All I know is that it costs $8.95 per transaction.
I would think that you could buy or sell the same day.
But, I have know idea and would like to learn how it works.
ProfMoneyWise
Member
I look at the management of the fund (specifically the person) as part of the track record.
We each do what we are comfortable with and at present I am in my comfort zone.
Good luck to you and may we all prosper.
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czygvtwkr
Guest
That doesn't guarantee the fund is always managed by the same person.
A fund that I have my mom in (income) has been managed by the same guy since 1959....he has got to croak sooner or later.