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Thread: Investing Help

  1. #1
    Join Date
    Oct 2000
    Location
    Michigan State University
    Posts
    592

    Investing Help

    Hey guys,

    I've been interested in investing my money into stocks for quite some time, but I have no clue where to start. Is there a investing guru among us that can help with the terms and such that comes with being a noob? I've got about $2000 to play with and E*Trade is looking pretty tempting.

    Thanks,
    Adam

  2. #2
    Join Date
    Nov 2001
    Location
    Illinois *not Illinoise*
    Posts
    4,592
    company called uhhh Cliffco.
    yeah

    make it cash please

    thanks

    i also take paypal
    AO MEMBER# 2967
    No Limit
    check out these killers...
    NFeel The JoyN

  3. #3
    Join Date
    Nov 2000
    Location
    Milwaukee WI
    Posts
    1,231

    Do some reading

    Try Motleyfool.com

    They are very good and easy to understand. The first thing you probably want to do is determine is what you are investing for.
    ie. long term vs. short term
    or a new car vs. a house
    college money for yourself or a child one day
    etc etc etc.

    Investing for short term to make the "quick buck" is difficult.
    long term investing will ride out the waves.

    Also, before investing in a company do some research on it. Have they been profitable? are they a market leader? Do they have a specialty niche that will last and be profitable once competitors arrive? Stuff like that.

    These are just my thoughts, take them as you want.

    Good Luck!!!!!

  4. #4
    Join Date
    Feb 2001
    Location
    Waterford, MI
    Posts
    3,821
    Go to a major trading company. Dean Whitter, Prudential, Solomon, Smith, Barney, ect. My suggestion would be to go with a Roth IRA. In five years you can withdrawl on your principle and all the earnings are tax free, as long as you leave them alone till after retirement.
    You are the Wormtongue of AO.~bofh

  5. #5
    Join Date
    Feb 2001
    Location
    Waterford, MI
    Posts
    3,821
    really if you can tell us what you are planning on doing with this that would be the best place to start.

  6. #6
    Join Date
    Jul 2001
    Location
    Chicago, IL, USA
    Posts
    157
    First you should probably open a brokerage account with a well established discount broker such as etrade, Datek or Ameritrade. You will pay a lot of extra fees and such at brokers like Dean Witter that are not worth the money unless you plan to use their advice rather than being self directed in your investments.

    Second, $2,000 is a nice start but it will not allow you to buy enough different stocks to diversify a portfolio. For this reason I'd avoid buying individual stocks and I'd suggest you begin by selecting a solid no-load mutual fund and put your first $2,000 into it. This will give you the benefit of effectively holding many stocks for far less money than it would take to buy each one of them.

    Yahoo finance has a very good stock and mutual fund screener that will allow you to do some research on what kind of fund may interest you. Once you get the stock or fund symbol you can pull up specifics.

    Some funds worth checking out:

    AMSTX
    JAOLX
    WOGSX
    FUSMX
    CFIMX
    TVFQX
    JACAX
    OAKGX
    TCSVX

    Keep in mind that everyone has their own approach so you will have to find what works and makes sense to you.

    Good luck!
    A good friend is one that will come and bail you out of jail.
    A great friend is one that is sitting next to you in jail saying "Man that was F#%*ing Awesome"!
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  7. #7
    Join Date
    Jun 2001
    Location
    Quakertown, Pennsylvania, USA
    Posts
    371
    Hey check out a stock ticker symbol: nwre Its starting to go up but check it out..... i have some its making me money, do some research on it you will c why it looks good
    I'm not a juvenile delinquent, i'm only a troubled teen


    BLING BLING

  8. #8
    Join Date
    Oct 2000
    Location
    Michigan State University
    Posts
    592
    Thanks guys, I think I'll go mutual fund!


    Adam Brzycki

  9. #9
    Join Date
    Oct 2001
    Location
    Brookline, MA
    Posts
    3,751
    ive been daytrading for a couple months...and DONT Do IT!!!! im only down 10%...but i was up 45% after 3 weeks, and its been a bumpy ride since then
    My Feedback

    "Game...Blouses"

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