Any stockbrokers here?

The brokerage houses trade with computers using programs based on models. This makes the whole system one big casino. The house always wins, too. *churning cough*
 
DeafCaroline said:
I don't intend to spend more than 30 minutes a day on my investments either. Just want to buy and hold but need to educate myself first. :)

Thanks for that book recommendation! There's another book that Warren Buffet recommended which was "The Intelligent Investor" - you've read it?
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I'll have to check it out.
 
Jiro said:
lol oye... that's what I asked my brother long time ago and he said - "forget it. my advice to you? don't do it"

meaning - don't do stocks if you don't know what you're doing because reading a few books aren't going to help otherwise everybody would be rich and ever since online trading sites came into existence, stock market has become even more volatile.

and also my father's friend would say same - "don't do it". it nearly destroyed him.

when you hear in news such as "Steve Jobs is dying". The stock will obviously go down but here's a problem. What you hear is most likely already outdated by a few hours or so. it's maddening.
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Yep, I agree. Day trading made things crazy. If you remember many months ago I debated another ADer on the relationship of the market and the economy. It's like poker now, you have to play the players now instead of the cards.
 
DeafCaroline said:
Everything we do has some risk attached to it. I'm going to do it anyway. :)
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Good luck. And if you are only spending 30 minute a day you will need alot of luck. If you understand how to invest, the books for the most part are a waste of time and money. You would be better off reading the financial page and making charts.

My rule #1 for investing.....don't waste time and money.

Rule number #2 Never invest money you might need. Needing to selling at the wrong time is an absolute killer
 
Chuckle... reading all above.. I been in investments for many years (starting when I was 20 years old). Anyone can start invest it, starting with small, slow growth and safe investment. There are 3 different level of investments, stocks, mutual funds and bonds. Mutual funds are best way to invest it, since it's more safer than stocks. So, starting out with mutual funds, and once it grow, then you can sell mutual funds and buy less aggressive stocks. Then you can build it from there and buy next level of more aggressive stocks. Aggressive stocks or more volatile than mutual funds.

Of course back in end of 2008, when stock markets nearly crashed, I lost significant amount of money but it will grow back again. So, today, it came back about 3/4 of the way it was before. Buying companies stocks are very risky... if company closed, you will loose everything. So, it's better to have like international stocks instead of individual stocks. Also, good idea to diversify various investments... like stocks, mutual and bonds all together.

So, I'm safe to retired.

Added: one more thing... I have about 68 differents stocks, mutual funds and international funds... that what I mean by diversify it...
 
Try with Fool.com: Stock Investing Advice | Stock Research. I signed up with them since inception and had delivered massive gains and income. Monthly newsletters provides you, new investors to learn how to understand and beating the stockmarket, develop strategies, understanding company financials, products and deliveries.

So far, my investment in stocks had delivered more than 600% since I started but lost 30% this year only due to European debt crisis and debt super committee did not agree to cut 1.2 trillion in debt over 10 years.

I am very happy so far and is working on building up my propserous wealth in my golden years.
 
deafaussie said:
Try with Fool.com: Stock Investing Advice | Stock Research. I signed up with them since inception and had delivered massive gains and income. Monthly newsletters provides you, new investors to learn how to understand and beating the stockmarket, develop strategies, understanding company financials, products and deliveries.

So far, my investment in stocks had delivered more than 600% since I started but lost 30% this year only due to European debt crisis and debt super committee did not agree to cut 1.2 trillion in debt over 10 years.

I am very happy so far and is working on building up my propserous wealth in my golden years.
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I have an account with fool.com too :) It's a very good site and I'm learning alot!
 
If you are just starting out, first make sure you have your "life happens" fund (a couple thousand dollars or so in a savings account), an "emergency" fund (at least 6 month's worth, although more is fine, too, of living expenses), and enough money set aside for annual obligations like homeowner's insurance, property taxes, etc.

Then look into low-cost mutual funds that follow the various indexes. Vanguard is a leader in that area. You can get adequate diversification with just 3 or 4 funds: large-cap, small-cap, international, and bonds.

Look for funds that mimic the various major indexes, and invest steadily, the same amount every month, through good times and bad. Eventually, you'll do fine, although you will see gains and losses along the way.

Remember that in order to "buy low, sell high," you have to buy low! That means buying when the market is tanking, when everyone is pulling their money out of stocks.

Too many people end up "buying high, selling low," which is a sure-fire way to lose most of your money.
 
If you're in it for the long term and want moderate risk, I suggest investing in something like Vanguard 500 Index Fund. You would need $3,000 to get started. Your money will compound over the years. More about compounding: Want to Be a Millionaire? You Can!
 
Beach girl said:
If you are just starting out, first make sure you have your "life happens" fund (a couple thousand dollars or so in a savings account), an "emergency" fund (at least 6 month's worth, although more is fine, too, of living expenses), and enough money set aside for annual obligations like homeowner's insurance, property taxes, etc.

Then look into low-cost mutual funds that follow the various indexes. Vanguard is a leader in that area. You can get adequate diversification with just 3 or 4 funds: large-cap, small-cap, international, and bonds.

Look for funds that mimic the various major indexes, and invest steadily, the same amount every month, through good times and bad. Eventually, you'll do fine, although you will see gains and losses along the way.

Remember that in order to "buy low, sell high," you have to buy low! That means buying when the market is tanking, when everyone is pulling their money out of stocks.

Too many people end up "buying high, selling low," which is a sure-fire way to lose most of your money.
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Thanks BG - you offer very sound advice.
 
If you want to become an investment. Then you can ask your own bank. Some of the bank has investment saving for you. You can ask Financial Adviser can help you.

First, you need about 2,500 to up. Depend what the bank require for your investment saving money. Mine was 2,500 require. I don't have it yet.

If you want to be broker investment. I don't know how. You can ask Financial counselor will tell you how to do it. I believe the best God is very strong!
 
SneakerNet said:
Chuckle... reading all above.. I been in investments for many years (starting when I was 20 years old). Anyone can start invest it, starting with small, slow growth and safe investment. There are 3 different level of investments, stocks, mutual funds and bonds. Mutual funds are best way to invest it, since it's more safer than stocks. So, starting out with mutual funds, and once it grow, then you can sell mutual funds and buy less aggressive stocks. Then you can build it from there and buy next level of more aggressive stocks. Aggressive stocks or more volatile than mutual funds.

Of course back in end of 2008, when stock markets nearly crashed, I lost significant amount of money but it will grow back again. So, today, it came back about 3/4 of the way it was before. Buying companies stocks are very risky... if company closed, you will loose everything. So, it's better to have like international stocks instead of individual stocks. Also, good idea to diversify various investments... like stocks, mutual and bonds all together.

So, I'm safe to retired.

Added: one more thing... I have about 68 differents stocks, mutual funds and international funds... that what I mean by diversify it...
Click to expand...

As I have posted here many times....I started getting out the day after obama won super Tuesday Feb 5th 2008 and was out by June. Not bad timing eh?
 
TXgolfer said:
As I have posted here many times....I started getting out the day after obama won super Tuesday Feb 5th 2008 and was out by June. Not bad timing eh?
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You couldn't go short on your stocks? Tsk tsk, I am having a great time shorting the dollar. :P
 
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