Stock traders

[BanginJimmy]

thanks for the info. Even though I dont plan on getting into futures anytime in the near future, I really do need to get a couple of books and do some reading on it.

[Norlan]

In those 2 months you would have made about a 2% gain. Thats great if you are only looking to protect money, but if you are looking to make money precious metals are laughable. If you can hold for the long term then stocks, especially solid financials like BoA and Citi will net you anywhere from 300 to 1000% gains within 5 years on the low end. I wouldnt be suprised to see 2000 and 3000% gains on some of these stocks, especially the FM's.

If you're only daytrading C and BAC then I wouldn't mind. But as for holding those 2 banks long term, I wouldn't recommend instead I'd rather buy financial indices like FAS and FAZ. In fact, those grow a lot faster than individual banks stocks

[BanginJimmy]

If you're only daytrading C and BAC then I wouldn't mind. But as for holding those 2 banks long term, I wouldn't recommend instead I'd rather buy financial indices like FAS and FAZ. In fact, those grow a lot faster than individual banks stocks

I dont daytrade. I am holding them longterm and reinvesting dividends. I dont plan on selling those off for MANY years.

[-S Double C-]

how does stocks and stuff work and how do i become more familar with them? I put up around 3k a month from my check. and it would be nice to invest some of it but i really dont know where to start. Any helpful tips or info on how you guys bought your first share and how you went about choosing them. Thanks

[BanginJimmy]

pick up a couple books and start reading. I started with one of the "Dummies" books and moved on to a few others from there.

[BanginJimmy]

Figured I would bump this up and see if anyone has any good tips heading into the summer.

I have started doing research on the "green" market lately. I havent gotten much done on it, so does anyone have any good tips in this area?

[blaknoize]

I already left my bit of information on a book called "The Only Investment Guide You Will Ever Need." Andrew Tobias. But thats all I have to offer for me not being in the investment game, just wanting to get there.

[Dr.G35]

what do u think about gm? low right now and if they dont fail thats garunteed profit

thats a big if.

[BanginJimmy]

GM scares me. If they went into bankruptcy they have the opportunity to come back strong, but I dont think the govt will allow them to. I think the govt is going to give them more cash to keep them afloat so they can assure that the union is taken care of. They dont care about GM, but they will keep propping up the union.

That said, I dont see any way GM will see any near term gains.

[dartingd]

well...I'll wait for GM to go under, which I believe they will. Once they file Chapter 11, I might try and put a few hundred bucks into them to turn a quick profit. If it works the way Washington Mutual did, the stock will come back in at a few pennies, then shoot up to 20-30 cents, then level back down till the company gets going again. This MAY not work, but I'll take the chance. I own 4000 shares of wamu, and never moved on it when it shot up back then. I bought it all at .03 a share. Now I'm just kinda sitting on it for the long run.

[BanginJimmy]

I am loving what Citigroup (C) is doing for me right now.

Also, if you can handle the swings Hospitalities Property Trust (HPT) is nice because of their dividend.

[CALIWEST]

ah...the good o' days of day trading...haven't done that in a while..been like a lil over 1 1/2 years.

[BanginJimmy]

If you have the cash, right now is a great time to get in. Most stocks are trading cheap and we are starting to see the signs of rebound in the financial sector. Earning season is on us now though and if that goes well we may see some drastic gains.

[CALIWEST]

i still keep up with stock market. still watching all the charts and paying attention to wats going on. just hard to do it when you work nights and ur tired as balls so u sleep when u get home