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Well, it took a digger today (imagine that), down about 2.5%. My minor losses were however offset by one stock I own...Smith & Wesson was up 9.6% today.
Pancho Villa
11-07-2012, 15:44
Owning stocks in the year of our lord, two thousand and twelve.
Tsk.
dwalker460
11-07-2012, 16:13
I booked a couple grand in currency trading. I no longer really do much with stocks other than longer term investments. Should have shorted a few key stocks last week, would have made a killing today...
dwalker460
11-07-2012, 16:13
Owning stocks in the year of our lord, two thousand and twelve.
Tsk.
Really? What exactly is your retirement plan?
So I should buy tons of stock now while it dips, then sit on it for about 25 years and hope that one day we climb out of the hole? This might be a good idea. Something tells me that a lot of investors were speculating this election, and those that bet on O to win probably aren't doing too bad...
dwalker460
11-07-2012, 16:22
25 years? Are you crazy?
There are several people who make a solid livign trading the Four- Apple, Google, Yahoo, and Microsoft, which bounce up and down like a yoyo. Takes some education and research, but its not rocket science.
Stock investing is not for the risk adverse or the lazy. Investing in stocks without a knowledge of what the company does, its financial health, and its growth outlook is crazy.
That said, mutual funds, money market accounts, etc. are solid ways of growing your wealth, at least until Obama taxes it to death.
FWIW, all of the stocks I own, plus the Mutual funds, are in my 401K, so while I can trade as often as I want (I don't), it is all there for the long haul.
dwalker460
11-07-2012, 16:26
FWIW, all of the stocks I own, plus the Mutual funds, are in my 401K, so while I can trade as often as I want (I don't), it is all there for the long haul.
When Obama was elected the first time my wife had moved almost all her 401K from stocks to commodities, and actually gained a little. A good customer of mine was not so fortunate and woke up with his worth almost 40K less virtually overnight...
I used to trade gold and other commodities but the values are being artificially manipulated so for now I am out of gold etc.
Here-
http://www.forexnews.com/external/?id=283292&r=/blog/category/forex-news/breaking-news/
25 years? Are you crazy?
There are several people who make a solid livign trading the Four- Apple, Google, Yahoo, and Microsoft, which bounce up and down like a yoyo. Takes some education and research, but its not rocket science.
Stock investing is not for the risk adverse or the lazy. Investing in stocks without a knowledge of what the company does, its financial health, and its growth outlook is crazy.
That said, mutual funds, money market accounts, etc. are solid ways of growing your wealth, at least until Obama taxes it to death.
Sound advice, but I know next to nothing about the SM... I know, I should invest, but with capital gains taxes expected to rise in the next 4 years I don't think I'll really be able to rely on it too much for retirement...
Pancho Villa
11-07-2012, 16:38
Always notice on any board there's a few guys saying "I've made a killing doing x" and a few old timers saying "I did too, then I lost it all a little later."
If the stock market was simple, a lot more people would be making a good living.
Sound advice, but I know next to nothing about the SM... I know, I should invest, but with capital gains taxes expected to rise in the next 4 years I don't think I'll really be able to rely on it too much for retirement...
Just to let people know, in order to Get 15% cap gain, you must hold for a year.
If you sell before then, it is invest income. Same rate as work income.
dwalker460
11-07-2012, 16:50
Ever notice how theres always some guy who has no clue saying crap about things they dont understand....
Seriously, what is your plan? If your going to make a snide comment like your above reply I would love to hear how you are invested.
The problem with your above statement, is there are always people who say "Oh yeah I did that once and lost my ass." Well, sorry to hear that. When I opened my shop, people told me I would go out of business and would be lucky to last 6 months- here we are 8 years later. When I went back to racing, "people" told me that was a stupid idea, that so and so did that and failed, lost all thier money.. blah blah blah... Well, sorry to hear that too.
So again I ask you, what is your plan smart guy?
Always notice on any board there's a few guys saying "I've made a killing doing x" and a few old timers saying "I did too, then I lost it all a little later."
If the stock market was simple, a lot more people would be making a good living.
Very true.
I make a living by trade and investnent at this time.
Gotta do tons of research, techincal, fundemental, macro, and micro on company and sector. With decent finance, accounting , and economics knowledge, it can reduce systemetic risk astronomically.
I make about 5 to 10 calls with analysts and talk to publisher before I make a transction.
JohnTRourke
11-07-2012, 16:53
Really? What exactly is your retirement plan?
just like everyone else:
Work until I die
at least we're honest about it.
JohnTRourke
11-07-2012, 16:55
Always notice on any board there's a few guys saying "I've made a killing doing x" and a few old timers saying "I did too, then I lost it all a little later."
If the stock market was simple, a lot more people would be making a good living.
exactly
the only people who make money in the fraud market, err I mean stock market are the brokers/banks.
invest in lead.
just like everyone else:
Work until I die
at least we're honest about it.
That's my plan... [Tooth]
There are several people who make a solid livign trading the Four- Apple, Google, Yahoo, and Microsoft, which bounce up and down like a yoyo. Takes some education and research, but its not rocket science.
I agree, high volume stocks like those that you listed are great to get in and get out on daily basis. If you get in on the down slide all you have to do is wait a couple of days and be back in the black.
Thinking of jumping back in and playing the stock market again. Had great luck in the past and been tracking a couple of stocks. Beats what I'm getting on a money market account.
What Dwalker does in the stock market, is different than what everyone else does in the stock market. Stocks aren't really a long term investment plan. <-- That means that you don't just buy a stock and hang onto it for 30 years and hope the value goes up faster than inflation like you would a house.
We have 3 active money account+ 1 its, and left over 401 k .
We use 2 for short term < year. Rest are yearor more.
I use ira account when my investment income will make us in a higher tax bracket.
I wouldnt say i was lucky, but my wife had about 1800 shares of dillards during 2008 to 2009 at average of sub 5-6 per sr vested into 401 k. Now , it is at around 81 per share.
Much higher rate of gain than amazon, apple or seagate.
I did bank of america, and sprint this year, and doing okay.
Currently , doing research on AMD, and wendys. Don't get too surprised when ibd and barrons write an article around 2q13.
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