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#1 (permalink) |
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Marineking's Minion
Join Date: Jan 2008
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If any of you are into the stock market...keeping up with financial trends. What are some companies that you guys expect to be doing well in the next week or month?
What are maybe some smaller companies that are not as popular that have a decent stock trend?
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#2 (permalink) |
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OnRPG Elite Member!
Join Date: Mar 2007
Location: Hitman Victor
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Enron, lol.
Why would anyone tell you? That means that they loose money, if you short it before peak and if you only want to ride the elevator, you won't make much before it throws you off. |
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#4 (permalink) |
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OnRPG Elite Member!
Join Date: Mar 2007
Location: Hitman Victor
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Gold took a 45% price cut just a few days ago... Out of bloody thin air too. Will it rise, will it fall? Likely both and you won't be carrying over any earnings, before your values are suddenly gone...
That is if you don't sit on it for a decade and might get anything from a 5% devaluation to a 6% interest. If you are just some punk and you go precious metal with only private investor capital, you will slam your head into the ground so fast that your money will be gone before you even started to trade. Last edited by Ronin; 10-01-2011 at 12:07 AM. |
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#7 (permalink) |
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POPOPOPGOESTHEGLOCKGLOCK
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I don't mean this in a malicious, trolling or condescending way, but you really don't know how stocks really work, do you?
Just take your money and invest it into a mutual fund that either goes for stocks, bonds, or a percentage between both depending on how much risk you are willing to take. H&R Block gives free fund counseling, at least for starting out, IIRC. You're probably not in much of a position to be trying to figure out which stocks are going to do well and make a ton of money like that Michael Douglas from Wall Street. |
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#8 (permalink) |
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OnRPG Elite Member!
Join Date: Mar 2007
Location: Hitman Victor
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Well, I duno about the situation in the US, but:
In Germany, they did a (anonymous) test on all the leading banks and financial counseling agencies. When presented with a pot of the most popular 15 stocks, all of them counseled to take a portfolio that fared less well than the statistical expected result from a random draw. So yea... If you do invest, you can get someone to counsel you into a product, but in the end you need to know your shit well to not loose money for that, because they will not fix your mistakes as long as you bring in money. If you know your shit however, what's the benefit of getting advice? It's only called "counseling", what you get is a sales meeting, with not a counselor but a salesman. They don't want you to go bankrupt, but that's about it. For them it's about the sales they make and the commission they collect, they will tell you anything. Lengthy investment-fund rant incoming: One thing first for buying into funds: Do always bargain for them to rebate. They want sales in number, a few percent of their commission won't hurt them. If they won't agree, walk. There is no point buying such a product from incompetent sources (You can even get the same elsewhere, if you like the paper). Also, never tell them when problems arise later on that you will walk. This has no bite, they know that you will tell them that and stay. If problems arise just ask them for the options to get out, reevaluate and leave. Do not take any form or extras from them, you already payed for those, because they still made money from you when you lost yours. Also don't be afraid to not pool your money towards one bank/agency. If the one bank asks for a percent cut and the other too, it doesn't matter, you do not pay any extra for having 2 banks, because it is still going to be a comparable percentage of the total sum invested and no "extras" that would stack against your favor. The investment costs the same, but you have more people on it, win-win. Concerning funds: Well they can be all sorts of poisonous BS, so beware. The banks will always spice the numbers before the sales, what they show you is not what you will get. Also to save money all the papers will be credit default swaps and other statistical papers, so be aware, that even though when a stock crashes there is still capital connected to a stock and a company might recover; Your portfolio won't. That is where the money you save comes from. Funds promise to be easy and quick, but they aren't especially in the current market. They are the stuff that is mechanically traded. Why? Because they are made to be statistical tools; For example you can with no real maintenance costs buy index funds chained for example to the Nasdaq. That is, because you will only pay for a computer to buy and sell credit default swaps for completely unrelated companies. Now, the problem is, that usually you get no guarantee that you will get back anything, if through an unexpected event a trash bank in SEA shuts down and all your swaps are suddenly untradeable worthless crap and your whole investment is gone. Now the upside is this; It's more likely they say that your portfolio would crash if it where actually in the Nasdaq over this. Again, don't be a pig, win big. Funds can't outsmart the market, if it looks too good, it's also too high loaded with risks. What do we learn from this? In the current time, when you buy into some funds, ask what sort of paper the money in the fund is used to buy. Understand what that means before you put money in. Also, if you do, talk about what will happen in case your money stops to make you more and your portfolio in total goes down. Do not let you be distracted by "some papers always fall but others go up" talk, that's true but irrelevant, we are talking about the total invested sum here. Aks what happens if your values plummet and if you can do something to get out, before it's gone. Do not cling to any product if you do not know why and find out when it would be the best decision to leave for you beforehand or you might stay in until all is gone. Mind, that any paper presented to you now has a recent history of good performance. That is why you get to see them. Do not let the initial period of moneymaking trick you into believing that this is how it is going to be again when the weather changes. It might or it might not. Usually your money is better of in funds that don't stink. Last edited by Ronin; 10-01-2011 at 01:23 PM. |
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#10 (permalink) | ||
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Marineking's Minion
Join Date: Jan 2008
Location: Home
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Reputation: 79
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Quote:
Quote:
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Last edited by ZormaX; 10-01-2011 at 11:11 PM. Reason: -=Doublepost=- |
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