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October, 2024

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Someone help me with getting into stocks

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triss
Posts: 1293 - Karma: 2,916
I have earned a lot of money from summer work and I think it is wise to test out my luck in the stock game. Im 17 turning 18 very soon.

Can anyone give me some advice about which site to use and any good stocks to look into. Ik the basics just need to get started.
Jul 18 2014 11:19PM
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triss
Posts: 1293 - Karma: 2,916
oh yeh and I'm leaning more towards Penny stocks. Saw a thread about it but since stocks change i need an update on what to look into
Jul 18 2014 11:20PM
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jacklong27
Posts: 184 - Karma: 485
The referenced post has been removed.


I only invest in bbc and bbw
Jul 18 2014 11:27PM
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Pill_Cosby
Posts: 182 - Karma: 29
I read this as help me with getting into socks
Jul 18 2014 11:29PM
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Dolan.Escobar
Posts: 683 - Karma: 943
Bet against political correctness
Jul 18 2014 11:33PM
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49566738265
Posts: 0 - Karma: 7,704
Index funds and dollar cost averaging have beaten every investor forever. Long term, they are your best moneymaker.

Penny stocks are gambling, they are for morons. Yes you might get lucky and double up, but you can also do that at the blackjack table. You're choice, which are you going to do for the next 40 years?
Jul 19 2014 5:16AM
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Al.Capone
Posts: 661 - Karma: 2,779
Useless post but I read it as help me get into socks. I was confused on bbc and bbw dividends and penny socks.
Jul 19 2014 6:21AM
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erikK
Posts: 3245 - Karma: 2,328
Read title as socks. Excited for great sock recommendations. Devastated.
Jul 19 2014 9:57AM
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bieberhole69.
Posts: 654 - Karma: 1,387
Let me start off by saying that if you're looking at penny stocks, you're not investing, you're gambling.
If you're interested in investing, I'd suggest reading the intelligent investor by Benjamin Graham. It's a great book, and Warren Buffet based his entire philosophy off of it and he's done pretty well.
As far as where to open an account, I have one at TD Ameritrade. It's pretty straightforward, $10 per trade and no monthly/annual fees.
Jul 19 2014 3:52PM
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Dolan.Escobar
Posts: 683 - Karma: 943
erikKRead title as socks. Excited for great sock recommendations. Devastated.


Me too. My jimmies are ready...
Jul 19 2014 8:09PM
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Skibumsmith
Posts: 5432 - Karma: 11,823
check out these bad larrys!


Jul 19 2014 10:29PM
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butterstickinc
Posts: 716 - Karma: 386
Etrade, scott trade, Ameritrade they are all basically the same. I use Etrade and Ameritrade just because of the amounts that i deposit and they give me some free cash to use on investing. Just try to really look at all the financial statements before you buy and look very closely at the business.
Jul 19 2014 10:30PM
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*spike*
Posts: 538 - Karma: 65
Penny stocks and OTC Pink Sheets are dangerous as all get out.... But, if you do decide to go that rout, never (and I mean never) hold overnight.

If you are looking for INVESTING advice, though, I would turn to CNN Money, CNBC.com, Stocktwits.com and Estimize.com

On Stocktwits,just look up the ticker and get the consensus. Also, before you blindly get into the markets, make sure to watch CNBC at least an hour a day. Learn Buffets ways, like someone said earlier.

These are my largest holdings, not in any particular order: 3k+


Facebook

Apple

Johnson and Johnson

Verizon (4.3% dividend) (great hedge against market downturn)

AT&T (5% dividend)

Smuckers Jelly (Growth)

Hannon Armstrong (Solar, Finance Industry)

Twitter (Speculative)
Jul 19 2014 11:14PM
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*spike*
Posts: 538 - Karma: 65
By the way, I was in the same position as you in 2007. I had a lot of money saved from working during the summers, bought into the market, and have done quite well in this 5 year bull market. Be cautious, though, because I believe stocks, as a whole, are currently overpriced, largely due to Fed Monetary Policy.


Cheers! Best of luck!
Jul 19 2014 11:16PM
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sam.psihoyos
Posts: 9 - Karma: 67
Read Benjamin graham because warren Buffett did. Invest in low valued companies with celebrity CEOs if possible - like elon musk. Don't ask ns what to do with your hard earned money.
Jul 20 2014 1:02AM
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please
Posts: 96 - Karma: 600
honestly, i dont know if there is a worse place to ask for stock advice than ns


but anyways the market is in the final climb of a bubble peak, everyone agrees that it is bubbling but no one is getting out just yet and no one knows when this bubble will burst but when it does shit is going to hit the fan, it will be worse that 2009
Jul 20 2014 1:50AM
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*spike*
Posts: 538 - Karma: 65
It won't be worse, just a 5-10% correction. Corporate profits are at the highest levels in U.S. History.
Jul 20 2014 12:18PM
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KravtZ
Posts: 6637 - Karma: 2,629
Index on an aggressive strategy all equity and no bonds. Indexing beats individual stock pickers every time over the long term unless they get lucky. I buy a lot of funds from a company called "dimensional fund advisors"....there all about indexing. I have a balanced aggressive portfolio that literally covers every aspect of the entire world market. Check out their funds really great.

don't buy penny stocks unless you are purely messing around. Horrible 'investments'. The purest form of gambling in the stock market
Jul 20 2014 1:00PM
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please
Posts: 96 - Karma: 600
*spike*It won't be worse, just a 5-10% correction. Corporate profits are at the highest levels in U.S. History.


corporate profits mean nothing when the stock of a company means nothing.
Jul 20 2014 1:42PM
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