Stock Talk (The Boiler Room)

[JustROLLIN]

Just cruious if anyone else on the site is into trading or investing stocks/options. I have been purchasing some long-term investments lately and I am really starting to get into the whole process. Feel free to share any tips, talk, or positions you may have in Stocks/Options/EFTs/Currencies/Etc. :bullrider:

 

[mndsm]

I have a bunch of jargon in long term stuff myself, but I don't have any real tips.... I am thinking of pulling a few k's out to take some risks though.

 

[dmention7]

I've got a bunch of Proctor&Gamble stock... my dad bought me and my siblings each 1 share at $50 when we were kids, and mine is worth almost $1500 now. Other than that, I've been pondering getting into some stuff at some point, but until recently I haven't had much savings that I've been willing to invest (read: risk)

 

[Z-licious]

The only stock I plan on buying in the foreseeable future is UHG stock since I get a 15% discount.

 

[dmention7]

Oh yeah... stock options in the company I work for. Hopefully those hit big in the near future, as they are a pretty hefty chunk of my compensation right now.

 

[JustROLLIN]

Oh yeah... stock options in the company I work for. Hopefully those hit big in the near future, as they are a pretty hefty chunk of my compensation right now.

You get paid in stock options? Thats interesting. Often times that something reserved for people higher up the chain of command. Otherwise, smaller companies or startups will pay with options to keep their labor costs down. I would not mind being paid in options, thats pretty cool.

 

[JustROLLIN]

The only stock I plan on buying in the foreseeable future is UHG stock since I get a 15% discount.

Thats nice, a number of companies will offer stocks to their employees at a 15% discount with the condition the stock be held for at least one year. But, 15% gain in one year, assuming the stock goes up or at least holds its price, is a very solid.

 

[JustROLLIN]

This morning I made a purchase on the new Visa IPO. I have a lot of faith in Visa as a company. They have strong managment, a solid business model, and they dont extend lines of credit, merely process transactions, so they wont get caught up in the sub-prime mess.

 

[AJ]

I keep an eye on some select stocks. I hold Stock in Sirius, but other than that I don't have much $$ invested. I do plan on sinking some money into stocks in the near future, and I have a few choice ones I'll take a chance on.

 

[JustROLLIN]

I keep an eye on some select stocks. I hold Stock in Sirius, but other than that I don't have much $$ invested. I do plan on sinking some money into stocks in the near future, and I have a few choice ones I'll take a chance on.

I know that Sirius has been a stock of interest for a number of people lately With the move they are trying to make with XM radio, definitely one to watch.

As for anyone looking to invest into the market, now is the time. Just about everything out there is discounted due to the recent negative activity. Even if you dont have a lot to invest, you can find some really good deals on various companies out there.

 

[Jana]

I have money in:

Fidelity 401k
Principal 401k
Franklin Templeton Mutual Fund - Growth Fund, Class A

I highly recommend the mutual fund to those who want a great long-term growth fund.

 

[mndsm]

That's where my dough is Jana, been there since I was 18.

 

[cosmicspd3]

I used up all the mutual funds to pay for college, but I did setup a roth ira and my job now has a 401k where i put 5% in and they match and add 2%. I was thinking after I got my car loan down a little more to get into some stock, but I kinda like the mutual fund as its a little more safe. Maybe some day trading.

 

[JustROLLIN]

Yeah, I also have a decent % of my paycheck roll into 4 different 401k accounts. I have two international funds and a couple of lower risk funds.

 

[JustROLLIN]

I used up all the mutual funds to pay for college, but I did setup a roth ira and my job now has a 401k where i put 5% in and they match and add 2%. I was thinking after I got my car loan down a little more to get into some stock, but I kinda like the mutual fund as its a little more safe. Maybe some day trading.

If you dont have an incredible amount of time to dedicate to day trading, DO NOT DO IT! Its incredibly labor intensive and you really need to be on top of your game to manage the swings throughout the day.

 

[dmention7]

LIES!!! I've watched enough 3am TV to know that anyone can be a day trader. All you do is click sell when the stock turns green and click buy when the stock turns red!

Cynthia, a stay-at-home-mom of 4 made $4500 last month between loads of laundry, and now she lives on a beach in florida and drives a mercedes!

 

[spek1098]

Funny to see this pop up today. I've just today decided to start an investment club, altough that may be the easy part, now figuring out how to exactly do it might be a bit tougher.
http://en.wikipedia.org/wiki/Investment_club
NPR Marketplace Money Info on Investment Clubs
Let me know if any of you might be interested in joining.

As for my investments, I have a 401k with Fidelity through my work, they match 4% and I do 6%. Done pretty good, I'm going for the highest risks funds, and my companies ESOP.
I'm pissed I missed out on that Visa IPO, just heard today on a podcast that it was happening this month, really wanted to get in on that.

 

[AJ]

LIES!!! I've watched enough 3am TV to know that anyone can be a day trader. All you do is click sell when the stock turns green and click buy when the stock turns red!

Cynthia, a stay-at-home-mom of 4 made $4500 last month between loads of laundry, and now she lives on a beach in florida and drives a mercedes!

I'm sorry, this is now the greatest post I've ever seen on MN Mazda!

On topic, when it comes to stocks do people watch the daily up and downs? the company I am lookign to drop some money in seems to have a nice trendline and if you buy when it's down you can actualy predicts some pretty standard results based on the past 2 years. On a monday the low may be $55, and 2 days laster it jumps $3 a share. I've always thought of taking out a 10K loan and dumping it on a 2-3 day swing just to see what woudl happen.

 

[JustROLLIN]

I'm sorry, this is now the greatest post I've ever seen on MN Mazda!

On topic, when it comes to stocks do people watch the daily up and downs? the company I am lookign to drop some money in seems to have a nice trendline and if you buy when it's down you can actualy predicts some pretty standard results based on the past 2 years. On a monday the low may be $55, and 2 days laster it jumps $3 a share. I've always thought of taking out a 10K loan and dumping it on a 2-3 day swing just to see what woudl happen.

This is an age old debate... The idea of buying and selling based on technical data and previous trends versus the current state of the company. (IE - balance sheet, P/E Ratio, Forward Earnings, etc.)

Something else to keep in mind, capital gains tax. You move into a much higher tax bracket as a trader, or short term investor. I can't quote the exact numbers, but the gov't sees anything held for less than one year as a short term investment. Just something to keep in mind.

 

[JustROLLIN]

And since we are sharing positions, I am long Verizon, McDonald's, Microsoft, and as of this morning, Visa.

I had planned moving in on Target, just above a 52 week low, but unfortunately didnt quite pull the trigger quick enough. They had a 4.5-5% gain yesterday. While it is still a loong way off the 52 week high, I will likely just wait for the next dip.