Nissan 370Z Forum  

Stocks Investing MONEY : Education?!! Pinkys : OTC

Originally Posted by raymondo510 Well from what i've been reading there are short term investments like "penny" stocks and mid to longer term investments. I was thinking of starting small

Go Back   Nissan 370Z Forum > Nissan 370Z General Area > The Lounge (Off Topic)


Like Tree115Likes

Reply
 
LinkBack Thread Tools Display Modes
Old 10-28-2013, 07:16 AM   #211 (permalink)
A True Z Fanatic
 
Chuck33079's Avatar
 
Join Date: Nov 2011
Location: Houston
Posts: 12,265
Drives: 2011 370ztt
Rep Power: 29538
Chuck33079 has a reputation beyond reputeChuck33079 has a reputation beyond reputeChuck33079 has a reputation beyond reputeChuck33079 has a reputation beyond reputeChuck33079 has a reputation beyond reputeChuck33079 has a reputation beyond reputeChuck33079 has a reputation beyond reputeChuck33079 has a reputation beyond reputeChuck33079 has a reputation beyond reputeChuck33079 has a reputation beyond reputeChuck33079 has a reputation beyond repute
Default

Quote:
Originally Posted by raymondo510 View Post
Well from what i've been reading there are short term investments like "penny" stocks and mid to longer term investments. I was thinking of starting small so I can get a feel for things so I was thinking on smaller short term. Im not looking to make this a full time job, maybe just a way to earn a little extra income. I understand it's a bit of gamble. I have some money saved, but I'm not willing to put it all on the line, is that what you meant?
Exactly. If you're not comfortable with the idea of losing every bit of your money, stay away from penny stocks. You can have plenty of short term investments that aren't penny stocks. Figure out how much of your money you're comfortable with losing. That's going to determine what kinds of stock to buy. If you're ok with the possiblility of losing a lot of it in exchange for the potential of higher returns, buy small and mid cap growth stocks. If you don't feel comfortable with a big loss and are ok with lower returns than the more aggressive stocks, buy large cap stocks with a healthy dividend.
__________________
2011 MB Touring-Sport-6sp-Nav/GTM TT/FI TT TDX/JTran/Kosmic/Eibach/Hotchkis/SPC/CSF/RPS/SoThatsWhereAllMyMoneyWent
Chuck33079 is offline   Reply With Quote
Old 10-28-2013, 09:41 AM   #212 (permalink)
A True Z Fanatic
 
Meulen's Avatar
 
Join Date: Aug 2013
Location: Romeoville, IL
Posts: 1,093
Drives: 2010 370z 40th
Rep Power: 3389
Meulen has a reputation beyond reputeMeulen has a reputation beyond reputeMeulen has a reputation beyond reputeMeulen has a reputation beyond reputeMeulen has a reputation beyond reputeMeulen has a reputation beyond reputeMeulen has a reputation beyond reputeMeulen has a reputation beyond reputeMeulen has a reputation beyond reputeMeulen has a reputation beyond reputeMeulen has a reputation beyond repute
Default

ZNGA not being too cooperative after the Seeking Alpha reports....HACKS! LOL
__________________
Follow my build thread here: Meulens Build Journal
Meulen is offline   Reply With Quote
Old 10-28-2013, 09:48 AM   #213 (permalink)
Track Member
 
raymondo510's Avatar
 
Join Date: Mar 2012
Location: NORCAL
Posts: 823
Drives: Like I stole It
Rep Power: 14
raymondo510 is on a distinguished road
Default

Quote:
Originally Posted by Chuck33079 View Post
Exactly. If you're not comfortable with the idea of losing every bit of your money, stay away from penny stocks. You can have plenty of short term investments that aren't penny stocks. Figure out how much of your money you're comfortable with losing. That's going to determine what kinds of stock to buy. If you're ok with the possiblility of losing a lot of it in exchange for the potential of higher returns, buy small and mid cap growth stocks. If you don't feel comfortable with a big loss and are ok with lower returns than the more aggressive stocks, buy large cap stocks with a healthy dividend.
Ok I see what your saying. I think I would be ok with lower returns at first but a higher chance at success. If i were to start off and take a big loss, that may discourage me from future investing.
__________________
If you ain't first...you're last!
-RICKY BOBBY
raymondo510 is offline   Reply With Quote
Old 10-28-2013, 10:06 AM   #214 (permalink)
A True Z Fanatic
 
Chuck33079's Avatar
 
Join Date: Nov 2011
Location: Houston
Posts: 12,265
Drives: 2011 370ztt
Rep Power: 29538
Chuck33079 has a reputation beyond reputeChuck33079 has a reputation beyond reputeChuck33079 has a reputation beyond reputeChuck33079 has a reputation beyond reputeChuck33079 has a reputation beyond reputeChuck33079 has a reputation beyond reputeChuck33079 has a reputation beyond reputeChuck33079 has a reputation beyond reputeChuck33079 has a reputation beyond reputeChuck33079 has a reputation beyond reputeChuck33079 has a reputation beyond repute
Default

Quote:
Originally Posted by raymondo510 View Post
Ok I see what your saying. I think I would be ok with lower returns at first but a higher chance at success. If i were to start off and take a big loss, that may discourage me from future investing.
Another thing to consider is how long until you need the money. What looks good for a quarter or two may not be a good performer over a five year period.

And if you plan on being an investor, eventually you'll take some losses. Some of them will be your fault, some of them will be bad timing, and some of them will be "**** happens".
__________________
2011 MB Touring-Sport-6sp-Nav/GTM TT/FI TT TDX/JTran/Kosmic/Eibach/Hotchkis/SPC/CSF/RPS/SoThatsWhereAllMyMoneyWent
Chuck33079 is offline   Reply With Quote
Old 10-28-2013, 10:21 AM   #215 (permalink)
Track Member
 
raymondo510's Avatar
 
Join Date: Mar 2012
Location: NORCAL
Posts: 823
Drives: Like I stole It
Rep Power: 14
raymondo510 is on a distinguished road
Default

Quote:
Originally Posted by Chuck33079 View Post
Another thing to consider is how long until you need the money. What looks good for a quarter or two may not be a good performer over a five year period.

And if you plan on being an investor, eventually you'll take some losses. Some of them will be your fault, some of them will be bad timing, and some of them will be "**** happens".
Is there a difference between trading and investing? Could you elaborate a bit on that. I'm not exactly looking for an over night turn around. I understand it could take some time but 5 years seems more like a long term thing to me. Like I said I know its a bit of a gamble, plus being green sometimes you gotta learn the hard way.
__________________
If you ain't first...you're last!
-RICKY BOBBY
raymondo510 is offline   Reply With Quote
Old 10-28-2013, 10:27 AM   #216 (permalink)
A True Z Fanatic
 
Chuck33079's Avatar
 
Join Date: Nov 2011
Location: Houston
Posts: 12,265
Drives: 2011 370ztt
Rep Power: 29538
Chuck33079 has a reputation beyond reputeChuck33079 has a reputation beyond reputeChuck33079 has a reputation beyond reputeChuck33079 has a reputation beyond reputeChuck33079 has a reputation beyond reputeChuck33079 has a reputation beyond reputeChuck33079 has a reputation beyond reputeChuck33079 has a reputation beyond reputeChuck33079 has a reputation beyond reputeChuck33079 has a reputation beyond reputeChuck33079 has a reputation beyond repute
Default

Quote:
Originally Posted by raymondo510 View Post
Is there a difference between trading and investing? Could you elaborate a bit on that. I'm not exactly looking for an over night turn around. I understand it could take some time but 5 years seems more like a long term thing to me. Like I said I know its a bit of a gamble, plus being green sometimes you gotta learn the hard way.
Traders are looking to buy something mis-priced and sell it quickly. You can make some money that way, but it's closer to gambling than investing. If you're always trying to hit a home run, you'll strike out a lot. If you're trying to build up a portfolio, buy things and hold them. It'll take time. Honestly, five years is just starting to be considered long-term.

Just so you know, I'm a buy-and-hold guy for the most part. There's a lot of guys in this thread that fall more on the side of short term trading. There's a lot of different viewpoints on this stuff, and none of us are right all the time.
__________________
2011 MB Touring-Sport-6sp-Nav/GTM TT/FI TT TDX/JTran/Kosmic/Eibach/Hotchkis/SPC/CSF/RPS/SoThatsWhereAllMyMoneyWent
Chuck33079 is offline   Reply With Quote
Old 10-28-2013, 10:46 AM   #217 (permalink)
Track Member
 
raymondo510's Avatar
 
Join Date: Mar 2012
Location: NORCAL
Posts: 823
Drives: Like I stole It
Rep Power: 14
raymondo510 is on a distinguished road
Default

Quote:
Originally Posted by Chuck33079 View Post
Traders are looking to buy something mis-priced and sell it quickly. You can make some money that way, but it's closer to gambling than investing. If you're always trying to hit a home run, you'll strike out a lot. If you're trying to build up a portfolio, buy things and hold them. It'll take time. Honestly, five years is just starting to be considered long-term.

Just so you know, I'm a buy-and-hold guy for the most part. There's a lot of guys in this thread that fall more on the side of short term trading. There's a lot of different viewpoints on this stuff, and none of us are right all the time.
Ok, well thanks for the insight, I got a lot to learn. I know there's site like e-trader and such but are there other places I could gain info maybe even professional help?
__________________
If you ain't first...you're last!
-RICKY BOBBY
raymondo510 is offline   Reply With Quote
Old 10-28-2013, 10:47 AM   #218 (permalink)
Track Member
 
raymondo510's Avatar
 
Join Date: Mar 2012
Location: NORCAL
Posts: 823
Drives: Like I stole It
Rep Power: 14
raymondo510 is on a distinguished road
Default

Professional help made me sound like i need a shrink lol
__________________
If you ain't first...you're last!
-RICKY BOBBY
raymondo510 is offline   Reply With Quote
Old 10-28-2013, 10:49 AM   #219 (permalink)
A True Z Fanatic
 
Chuck33079's Avatar
 
Join Date: Nov 2011
Location: Houston
Posts: 12,265
Drives: 2011 370ztt
Rep Power: 29538
Chuck33079 has a reputation beyond reputeChuck33079 has a reputation beyond reputeChuck33079 has a reputation beyond reputeChuck33079 has a reputation beyond reputeChuck33079 has a reputation beyond reputeChuck33079 has a reputation beyond reputeChuck33079 has a reputation beyond reputeChuck33079 has a reputation beyond reputeChuck33079 has a reputation beyond reputeChuck33079 has a reputation beyond reputeChuck33079 has a reputation beyond repute
Default

There's plenty of professionals who will help you. It's not free, though. We're whores, not sluts.

I threw up a pretty good breakdown for a young person's portfolio in this thread. I can't recommend any individual security, but others can. If I were you, I'd go over to investopedia and read until my eyes bleed. Investopedia - Educating the world about finance
NickTurnon and raymondo510 like this.
__________________
2011 MB Touring-Sport-6sp-Nav/GTM TT/FI TT TDX/JTran/Kosmic/Eibach/Hotchkis/SPC/CSF/RPS/SoThatsWhereAllMyMoneyWent
Chuck33079 is offline   Reply With Quote
Old 10-28-2013, 10:53 AM   #220 (permalink)
A True Z Fanatic
 
ZMan8's Avatar
 
Join Date: Oct 2011
Location: Chicago, IL
Posts: 5,844
Drives: 10 370z 40th M6
Rep Power: 658
ZMan8 has a reputation beyond reputeZMan8 has a reputation beyond reputeZMan8 has a reputation beyond reputeZMan8 has a reputation beyond reputeZMan8 has a reputation beyond reputeZMan8 has a reputation beyond reputeZMan8 has a reputation beyond reputeZMan8 has a reputation beyond reputeZMan8 has a reputation beyond reputeZMan8 has a reputation beyond reputeZMan8 has a reputation beyond repute
Default

Quote:
Originally Posted by Chuck33079 View Post
There's plenty of professionals who will help you. It's not free, though. We're whores, not sluts.

I threw up a pretty good breakdown for a young person's portfolio in this thread. I can't recommend any individual security, but others can. If I were you, I'd go over to investopedia and read until my eyes bleed. Investopedia - Educating the world about finance
They are pretty good source for beginners Lots of information there to read about and also Investopedia can provide more education on risk/reward.
raymondo510 likes this.
__________________
2010 370Z 40 Anniv., 6 MT | Fast Intentions | Swift Springs | SPC | Z1Motorsports | JWM | Redline Oils | 35% Window Tint
2015 Mazda6 | 370ZChicago: Chicago Area Cars & Coffee
ZMan8 is offline   Reply With Quote
Old 10-28-2013, 10:56 AM   #221 (permalink)
Track Member
 
raymondo510's Avatar
 
Join Date: Mar 2012
Location: NORCAL
Posts: 823
Drives: Like I stole It
Rep Power: 14
raymondo510 is on a distinguished road
Default

Quote:
Originally Posted by Chuck33079 View Post
There's plenty of professionals who will help you. It's not free, though. We're whores, not sluts.

I threw up a pretty good breakdown for a young person's portfolio in this thread. I can't recommend any individual security, but others can. If I were you, I'd go over to investopedia and read until my eyes bleed. Investopedia - Educating the world about finance
Will do thanks again
__________________
If you ain't first...you're last!
-RICKY BOBBY
raymondo510 is offline   Reply With Quote
Old 10-28-2013, 06:12 PM   #222 (permalink)
A True Z Fanatic
 
birdmanx1's Avatar
 
Join Date: Jun 2010
Location: Baltimore, MD
Age: 95
Posts: 3,175
Drives: 370z Nismo
Rep Power: 23
birdmanx1 has a reputation beyond reputebirdmanx1 has a reputation beyond reputebirdmanx1 has a reputation beyond reputebirdmanx1 has a reputation beyond reputebirdmanx1 has a reputation beyond reputebirdmanx1 has a reputation beyond reputebirdmanx1 has a reputation beyond reputebirdmanx1 has a reputation beyond reputebirdmanx1 has a reputation beyond reputebirdmanx1 has a reputation beyond reputebirdmanx1 has a reputation beyond repute
Send a message via MSN to birdmanx1
Default

Made some good money on FNMA today, I went ahead and sold all 4400 shares. I was tempted to buy AAPl, glad I didn't. Everything looks so overvalued in the market. I'll sit and wait for what makes sense to make a move next. Maybe go b*lls out if there is a decent pullback with FNMA and hold for short term. In the meanwhile, the $40k in my brokerage will just sit till there is good opportunity.
__________________
370Z NISMO #0462 | ClearBra | 3M tint | Head/Taillights | Dynamat | Black Roof | Tommy Kaira HB | CF Parts | Berk HFCs | FI SS | NST Pulleys | Takeda aFe | K&N | H&R Spacers | Swift Spec R | SPC F&R | Zuperman M370
Nismo Vid | Nismo Journal | Nismo Rumble
birdmanx1 is offline   Reply With Quote
Old 10-28-2013, 06:14 PM   #223 (permalink)
A True Z Fanatic
 
Chuck33079's Avatar
 
Join Date: Nov 2011
Location: Houston
Posts: 12,265
Drives: 2011 370ztt
Rep Power: 29538
Chuck33079 has a reputation beyond reputeChuck33079 has a reputation beyond reputeChuck33079 has a reputation beyond reputeChuck33079 has a reputation beyond reputeChuck33079 has a reputation beyond reputeChuck33079 has a reputation beyond reputeChuck33079 has a reputation beyond reputeChuck33079 has a reputation beyond reputeChuck33079 has a reputation beyond reputeChuck33079 has a reputation beyond reputeChuck33079 has a reputation beyond repute
Default

Quote:
Originally Posted by birdmanx1 View Post
Made some good money on FNMA today, I went ahead and sold all 4400 shares. I was tempted to buy AAPl, glad I didn't. Everything looks so overvalued in the market. I'll sit and wait for what makes sense to make a move next. Maybe go b*lls out if there is a decent pullback with FNMA and hold for short term. In the meanwhile, the $40k in my brokerage will just sit till there is good opportunity.
I've thought the whole market has been overvalued all year, but it keeps on creeping on up. I'd love to see a 5-10% pullback. It would make me feel better about the whole thing.
birdmanx1 likes this.
__________________
2011 MB Touring-Sport-6sp-Nav/GTM TT/FI TT TDX/JTran/Kosmic/Eibach/Hotchkis/SPC/CSF/RPS/SoThatsWhereAllMyMoneyWent
Chuck33079 is offline   Reply With Quote
Old 10-28-2013, 06:17 PM   #224 (permalink)
A True Z Fanatic
 
birdmanx1's Avatar
 
Join Date: Jun 2010
Location: Baltimore, MD
Age: 95
Posts: 3,175
Drives: 370z Nismo
Rep Power: 23
birdmanx1 has a reputation beyond reputebirdmanx1 has a reputation beyond reputebirdmanx1 has a reputation beyond reputebirdmanx1 has a reputation beyond reputebirdmanx1 has a reputation beyond reputebirdmanx1 has a reputation beyond reputebirdmanx1 has a reputation beyond reputebirdmanx1 has a reputation beyond reputebirdmanx1 has a reputation beyond reputebirdmanx1 has a reputation beyond reputebirdmanx1 has a reputation beyond repute
Send a message via MSN to birdmanx1
Default

Quote:
Originally Posted by Chuck33079 View Post
I've thought the whole market has been overvalued all year, but it keeps on creeping on up. I'd love to see a 5-10% pullback. It would make me feel better about the whole thing.
Agreed. Good chance that this stretch extends as the Fed keeps pumping money further - thx to shutdown. Either ways correction is coming sooner or later.
__________________
370Z NISMO #0462 | ClearBra | 3M tint | Head/Taillights | Dynamat | Black Roof | Tommy Kaira HB | CF Parts | Berk HFCs | FI SS | NST Pulleys | Takeda aFe | K&N | H&R Spacers | Swift Spec R | SPC F&R | Zuperman M370
Nismo Vid | Nismo Journal | Nismo Rumble
birdmanx1 is offline   Reply With Quote
Old 10-28-2013, 06:29 PM   #225 (permalink)
A True Z Fanatic
 
Chuck33079's Avatar
 
Join Date: Nov 2011
Location: Houston
Posts: 12,265
Drives: 2011 370ztt
Rep Power: 29538
Chuck33079 has a reputation beyond reputeChuck33079 has a reputation beyond reputeChuck33079 has a reputation beyond reputeChuck33079 has a reputation beyond reputeChuck33079 has a reputation beyond reputeChuck33079 has a reputation beyond reputeChuck33079 has a reputation beyond reputeChuck33079 has a reputation beyond reputeChuck33079 has a reputation beyond reputeChuck33079 has a reputation beyond reputeChuck33079 has a reputation beyond repute
Default

Quote:
Originally Posted by birdmanx1 View Post
Agreed. Good chance that this stretch extends as the Fed keeps pumping money further - thx to shutdown. Either ways correction is coming sooner or later.
Yep. As long as the free money flows, nothing's gonna change. I'm more afraid of fixed income at this point than equities. I'd be exchanging any bond funds I held with shorter duration funds if I still held any.
__________________
2011 MB Touring-Sport-6sp-Nav/GTM TT/FI TT TDX/JTran/Kosmic/Eibach/Hotchkis/SPC/CSF/RPS/SoThatsWhereAllMyMoneyWent
Chuck33079 is offline   Reply With Quote
Reply

Bookmarks

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On


Similar Threads
Thread Thread Starter Forum Replies Last Post
What is the best mod for the Money Texas370z Nissan 370Z General Discussions 42 12-16-2012 06:04 AM
[WTB] Looking to go back to stocks? tHeZgUy Parts for sale (Private Classifieds) 10 06-07-2012 05:06 PM
Any investors out there? Playing with stocks, Just opened an Ameritrade account Zeto The Lounge (Off Topic) 24 01-07-2011 10:38 PM
Replacing Stocks with Hankook's... now or later? flashburn Wheels & Tires 32 05-17-2010 11:44 AM


All times are GMT -5. The time now is 05:06 AM.


Powered by vBulletin® Version 3.8.4
Copyright ©2000 - 2024, Jelsoft Enterprises Ltd.
Search Engine Optimization by vBSEO 3.6.0 PL2