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post #1 of 5 (permalink) Old 03-08-2006, 07:44 AM Thread Starter
Strength and Honor
 
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Investors?

Just curious if anyone else out there is actively engaged in stock investing. I just made my first foray into it about a month ago and am up 10% excluding my current interest. The cash is coming from my bike fund so I'm being pretty careful and not really trading all that often.

just curious

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post #2 of 5 (permalink) Old 03-08-2006, 07:49 AM
 
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Nothing active here, but I had my bank hook me up with an investment company that is working on my "start my own buisness fund" only been at it for a few months so there is no good way to judge their performance.

But the idea of doing it myself always appealed to me. I'd appritiate some info sources (investing for dummies?). Also, how much does it complicate your taxes?



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post #3 of 5 (permalink) Old 03-08-2006, 07:51 AM
 
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I do a little bit with sharebuilder.com. $4 a trade. Wish I would of bought when the DOW went down 400 in one day. I think it was down to 10,500 or something and now it back to 10,950. I have very limited funds too, so I don't have much invested. Plus I know squat about investing. I read about long term safe investing for about a week then bought a couple of shares with the little extra cash I had to see where it went.

Sharebuilder.com was the lowest $ I found.




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post #4 of 5 (permalink) Old 03-08-2006, 08:25 AM Thread Starter
Strength and Honor
 
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Quote:
Originally posted by Vash
But the idea of doing it myself always appealed to me. I'd appritiate some info sources (investing for dummies?). Also, how much does it complicate your taxes?
I've tracked financial going-ons for a long time but only in the last three years pulled all our retirement stuff out of Merrill Lynch. Full service is great if you don't have time to do research and you're careful about how they are compensated.

Some good sources of starter info:
http://www.fool.com/
MSNBC's Jim Kramer
Organizational retirement seminars

How deep you decide to get will greatly affect how much work you need to do. If you want to pick stocks, that's more complex than funds since its an all-eggs-in-one-basket thing for whatever you invest in. Funds spread the risk more depending on their level of segment focus. Motley Fool's a great starting point.

I only started investing in a few individual stocks because I recognized very surprising trends I thought I could make money on. For instance, the first one I bought was Conoco-Phillips (COP) when gas prices were low. The stock had dropped too and I realized that a single terrorist attack or the highly likely increase in gas costs would vault it back up. Sure enough, the Saudi's had that pipeline attack and COP went up where I sold.

One rule of thumb for me with stocks (but not funds) is to know where I'll sell it before I buy it. Then, immediately after the buy, I'll set the market sell for that price and let it ride.

WARNING: I have only been messing with individual stocks for about two months now and I'm very leery of putting anything of significant value into them. I need some failures so I can learn some lessons.

, YMWV

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Dragging knee is for the track, and dragging tail is for the lot. --Kane Friesen

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post #5 of 5 (permalink) Old 03-08-2006, 12:24 PM
 
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Since arount 80s though in most cases I had a financial advisor helping me along & by '96 I have stuck with the same firm even though she stepped out of the prior firm to set up her own & yes that was a good move.

So I am not on the stocks all the time as I feel saver & more secure with an investment firm & especially this one said woman runs. Of interest said woman in Iranian so muslim while her husband is a Brit of Jewish background so true Cdns.LOL
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