Etrade, Stocks, Money.

  • Posted by a hidden member.
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    Feb 27, 2014 10:52 PM GMT
    Can ANYONE give me the basic rundown on any of this? I just opened up an account on Etrade and I have no idea what is going on.....

    I'm trying to make money.......and I failed hahahaha
  • Posted by a hidden member.
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    Feb 27, 2014 11:31 PM GMT
    It would help if you ask specific questions.
  • Posted by a hidden member.
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    Feb 28, 2014 12:27 AM GMT
    Are you short term trading or long term investing?

    If trading short term it is very important to know about different technical analysis indicators (my favourite is Bollinger bands) and use an economic calendar - you don't want to be out at the shops when the nonfarm payrolls come out a week tomorrow.

    For longer term investing asset allocation is more important. If you review websites for financial advisors they will often give guidance as to what areas are expected to do well over the year, and the financial advisors control enough money that to a certain extent it becomes a self fulfilling prophecy.

    Small oil exploration and biotech companies are a very efficient way of losing your money!
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    Feb 28, 2014 12:47 AM GMT
    Suggestion: Also open a ROTH IRA account (has to be a separate account from a non-IRA account), and contribute as much as you can afford, within the limits. When you eventually retire, all the money accumulated in the ROTH account can be taken out tax free.

    Read some books on investing.

    Recommend especially Jim Cramer's, new book,Get Rich Carefully. Also, try watching his daily TV show on investing, Mad Money - it's on CNBC - some of it is also on the web. His is the only TV/Radio program designed to help out the individual investor, and is not influenced by advertisers trying to sell investments. I have watched the show daily (Tivoed) for 7 years. He predicted the crash of 2008, and publicly warned everyone to get out of the market before it happened.

    Until you know what you are doing, stick to some low cost, low risk ETFs (exchange traded funds), like the S&P 500 market Index [symbol SPY}. You can get information (and current quotes and prices over time) of any stock, ETF, or fund you are interested in at Yahoo/Finance (and other similar sites).

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    Feb 28, 2014 1:55 AM GMT
    51XJhDXavqL.jpg
  • Posted by a hidden member.
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    Feb 28, 2014 1:55 AM GMT
    Buy low, sell high!
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    Feb 28, 2014 4:26 AM GMT
    RobBot125 saidCan ANYONE give me the basic rundown on any of this? I just opened up an account on Etrade and I have no idea what is going on.....

    I'm trying to make money.......and I failed hahahaha


    Wall Street loves you, buy more lube, you're gonna need it icon_lol.gif
  • AMoonHawk

    Posts: 11406

    Feb 28, 2014 4:31 AM GMT
    you_rock_my_socks.gif
  • Posted by a hidden member.
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    Feb 28, 2014 12:25 PM GMT
    It's the 30th anniversary of the FTSE 100 this year. It launched at 1000 and is now 6800 i.e. a gain of 580% - not including dividends (average of maybe 3% a year). Most of that gain did go to investors...
  • Posted by a hidden member.
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    Mar 01, 2014 8:08 PM GMT
    theantijock said51XJhDXavqL.jpg


    Checked this baby out from the library today.

    THANK YOU!!!
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    Mar 01, 2014 8:10 PM GMT
    Broseph said
    RobBot125 saidCan ANYONE give me the basic rundown on any of this? I just opened up an account on Etrade and I have no idea what is going on.....

    I'm trying to make money.......and I failed hahahaha


    I bet that baby on their commercials is a billionaire...

    I'm pretty sure they have a lot of information on their site for newbs. Prepare to read... a LOT... and start watching financial news (ewgh), etc. You will need to understand how not only the stock market but our entire economy/industry works and how one thing can affect another or you'll be taking risks you don't even understand.

    If you have a nice chunk of change and you want to invest now, you should open a wealth account with a reputable (haha) investment firm and let them deal with where to put it.



    I've watched so many videos.

    I don't necessary have a large chunk...but, I know exactly what I want to invest in....And you're right. I've got to find someone that is reputable!
  • MikemikeMike

    Posts: 6932

    Nov 12, 2014 7:49 AM GMT
    Here's a great tip.... Buy MU. I just didicon_biggrin.gif
  • Posted by a hidden member.
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    Nov 12, 2014 7:56 AM GMT
    MikemikeMike saidHere's a great tip.... Buy MU. I just didicon_biggrin.gif

    His question was 6 months ago!

    BTW, tips are for waiters.
  • MikemikeMike

    Posts: 6932

    Nov 14, 2014 4:34 AM GMT
    Puppenjunge said
    MikemikeMike saidHere's a great tip.... Buy MU. I just didicon_biggrin.gif

    His question was 6 months ago!

    BTW, tips are for waiters.

    My portfolio says you're wrong. Don't buy MU makes no diff to meicon_idea.gif
  • Posted by a hidden member.
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    Nov 14, 2014 7:07 AM GMT
    I wish I could do what this guy did. He became a millionaire at 27 without start-up company. He just made smart moves and right decisions. Smart man (and cute too icon_redface.gif).

    http://finance.yahoo.com/news/27-year-old-millionaire-anton-ivanov-financessful-184823184.html
  • MikemikeMike

    Posts: 6932

    Dec 19, 2014 5:38 AM GMT
    MikemikeMike said
    Puppenjunge said
    MikemikeMike saidHere's a great tip.... Buy MU. I just didicon_biggrin.gif

    His question was 6 months ago!

    BTW, tips are for waiters.

    My portfolio says you're wrong. Don't buy MU makes no diff to meicon_idea.gif


    MU closed at 34.45. Glad I bought in!
  • buddycat

    Posts: 1874

    Dec 19, 2014 10:47 AM GMT
    Easy, buy low sell high.icon_lol.gif
  • Posted by a hidden member.
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    Dec 19, 2014 10:54 AM GMT
    The WORST ever was buying 1650 shares of E-trade at 17 or 18, holding onto it for a few years, watching it go down to 10, watching it go up to 20 or 21 and then selling; realizing a $5K profit......AND THEN...the horrible part...over the course of the next two or three months, it went up to 120.........icon_evil.gificon_evil.gificon_cry.gificon_sad.gificon_sad.gificon_surprised.gificon_eek.gificon_question.gificon_question.gificon_neutral.gif
  • Posted by a hidden member.
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    Dec 19, 2014 10:55 AM GMT
    polfsky saidI wish I could do what this guy did. He became a millionaire at 27 without start-up company. He just made smart moves and right decisions. Smart man (and cute too icon_redface.gif).

    http://finance.yahoo.com/news/27-year-old-millionaire-anton-ivanov-financessful-184823184.html


    That story has been updated, apparently his parents gave him 75-80% of his wealth. There is another story going around about a 17 year old which is like this but much less believable. Once you find out they are selling "exclusive trading secrets" seminars you know it's bollocks. Those that can do, those that can't teach.
  • MikemikeMike

    Posts: 6932

    Dec 26, 2014 10:56 AM GMT
    Bought into EPAM. Got a tip, but not like the one Martha Stewart goticon_lol.gif
  • tj85016

    Posts: 4123

    Dec 26, 2014 1:38 PM GMT
    buy the S&P until the Fed starts raising rates (a no-load fund will do), then pull everything out when they start raising rates and put it into a money market account. Forget individual stocks unless you want to get your ass handed to you.
  • Posted by a hidden member.
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    Dec 26, 2014 5:25 PM GMT
    Ohno said
    polfsky saidI wish I could do what this guy did. He became a millionaire at 27 without start-up company. He just made smart moves and right decisions. Smart man (and cute too icon_redface.gif).

    http://finance.yahoo.com/news/27-year-old-millionaire-anton-ivanov-financessful-184823184.html


    That story has been updated, apparently his parents gave him 75-80% of his wealth. There is another story going around about a 17 year old which is like this but much less believable. Once you find out they are selling "exclusive trading secrets" seminars you know it's bollocks. Those that can do, those that can't teach.


    http://www.theguardian.com/money/us-money-blog/2014/dec/15/17-year-old-high-school-senior-reportedly-makes-72m-in-financial-markets

    There is no point me showing off about getting this right, it was so obvious...
  • MikemikeMike

    Posts: 6932

    Jan 02, 2015 9:06 AM GMT
    Buy Apple. APPL it will def go up. Their watch will sell for about 350. All the kids/tech men and woman will want one. No more digging in your pocket for the cell!! I bought in again at 100. It's 110 now. See if interest in a bank can do that. Suck on that tip Puppin til it cums. Brahahaha icon_lol.gif. You're not even smart enough to be a waitericon_idea.gif
  • Posted by a hidden member.
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    Jan 02, 2015 9:33 AM GMT
    tj85016 saidbuy the S&P until the Fed starts raising rates (a no-load fund will do), then pull everything out when they start raising rates and put it into a money market account.

    Not a great idea unless you want to earn only 1-2%. Preferred stocks (5-7%) would be a much better investment.
  • Posted by a hidden member.
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    Jan 02, 2015 4:03 PM GMT
    RobBot125 saidCan ANYONE give me the basic rundown on any of this? I just opened up an account on Etrade and I have no idea what is going on.....

    I'm trying to make money.......and I failed hahahaha


    You will not make money playing the stock market, not in the amounts you see in movies or the fairy tales told on this site or in seminars. THERE SIMPLY ARE NO FREE LUNCHES.

    The only way to make money is in the long term by using a diversified strategy to spread out your risk.

    If you attempt to day trade you will be paying commission on every trade you carry out. A minimum of at least $9.95 per trade, but it could be higher. You will also have to pay income tax on any capital gains. For you to be successful, every stock you purchase has to increase materially and because there are no free lunches the chances of picking a stock that will appreciates 25-100% in value over night is next to zero.

    My suggestion is to think of your risk threshold and develop a strategy based on this threshold:

    Some stocks
    Some T-Bills
    Index funds
    TIPS
    Zero coupon bonds

    A book I can suggest that definitely requires reading is:

    A Random Walk Down Wall Street -Burton G. Malkiel

    It was required reading during my MBA studies and I have found it to be quite useful. It is very easy reading, well written and contains very good advice for someone in your situation.