Stocks

[njk]Nopeace4u-DBD · Posted: Sun May 23, 2004 11:37 pm Post subject: Stocks

Anyone here play with stocks at all? Im just getting into it & wonder if anyone had any tips for someone just getting into it.
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sgt stutter · Posted: Sun May 23, 2004 11:43 pm Post subject:

Buy low, sell high

If you do the on-line trading you have to stay on top of it or it can get out of control fairly quick, its also alot cheaper then using a broker. But if you don't have time to follow the market every day a broker is the way to go.
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Mad-Hammer · Posted: Sun May 23, 2004 11:53 pm Post subject:

Coca Cola, Pepsico, or Walmart usually are safe bets. Stay away from any utility companies dependant on natural gas. Also, stay away from any of the home improvement outlets as their stocks are dropping due to a soft housing market forescast.

Best advice I can give ya, subscribe to "The Kiplinger Report" Tons Of Financial Advice, and almost dead on when predicting what the market is going to do next.
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kubrick · Posted: Mon May 24, 2004 12:37 am Post subject:

Unless you have a lot of time to analyze companies and are proficient reading financials, I would stick with mutual funds. The generally have competent managers that know how to pick stocks.

I have mostly mutual funds with a smidgen of indiviual stocks.

Mike · Posted: Mon May 24, 2004 2:16 pm Post subject:

buy mutual funds they watch the stocks for you

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IrishMan · Posted: Mon May 24, 2004 4:51 pm Post subject:

ive got like 300 shares in wal-mart right now, and im 15! well, my dad is holding them for me, but they are labeled as mine

PondScum007 · Posted: Mon May 24, 2004 5:56 pm Post subject:

dont put all ur money in 1 thing, the extent of my trading was doing a national 'stock market game' in this class in school, i managed to make 21k with 100k in 2 months, but having several things in case one went sour helped out
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ROOFCUTTER · Posted: Mon May 24, 2004 6:42 pm Post subject:

sell drugs...I mean buy pharmaciticals....but be careful... the right companies are hard to find.
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FragFailure · Posted: Tue May 25, 2004 1:03 pm Post subject:

I got Directv at $13.50 for 300 shares. I'm dumping them if it hits over $18 again. I've seen it hit $18.50 twice only to take a dump each time.

I'm regretting not getting stock of CME (Chicago Mercantile Exchange) when it first opened at $60. Even though it was $60 at the open, it's now worth $127.25 a share. Even five shares at the time couldn't have hurt.

I agree on staying away from "dependant" markets as Mad-Hammer said.

Walmart isn't bad.

I use a cheap and free program called Marketbrowser that graphs all my stocks.
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OS · Posted: Wed May 26, 2004 5:48 am Post subject:

Well, I just wrote an essay on buying shares (for economics), and, yeah, stick to the basics. But if you really want to be unique, get into medical care type shares.