TxBowHunter Posted July 27, 2008 Report Share Posted July 27, 2008 I have been quite interested in the Stock Market as of lately. I know im to young to have stock, but, as I was watching Fox News I have been curious. So, I am asking you all this. Do you have stock? And if so, what stock do you have? Quote Link to comment Share on other sites More sharing options...
HuntnMa Posted July 27, 2008 Report Share Posted July 27, 2008 you're never too young or too old for stock.... Quote Link to comment Share on other sites More sharing options...
stevebeilgard Posted July 27, 2008 Report Share Posted July 27, 2008 you're never too young or too old for stock.... correct. buy some. i've had stocks in various companies for over 40 years. now, if you want to just plain stay safe and save for the long run, go with mutual funds. just start doing... Quote Link to comment Share on other sites More sharing options...
mitrrophybowhunter Posted July 27, 2008 Report Share Posted July 27, 2008 As stated above, start now! It is never too early but it can be too late. Not many jobs out there give pensions anymore it is all on you. You can open an E*trade account or some other online trading forum. I started mine years ago with just $2K. My best advice is focus on several companies that have been know to have the up/down trend. Buy low sell high, hold for it to come down, the buy low sell high. I wish it was that simple though............there IS RISK! Quote Link to comment Share on other sites More sharing options...
Adjam5 Posted July 27, 2008 Report Share Posted July 27, 2008 I have been dabbling in the market for years:D. I am a long term guy and generally don't sell unless I have to. IPO's and splits help secure my retirement:rolleyes:...I hope:o. Mutual funds are a great way to have stock and be diversified from a individual stock that could tank. Most brokerage houses offer investment advice, but be careful, that advice may cost. Quote Link to comment Share on other sites More sharing options...
Canuck2 Posted July 27, 2008 Report Share Posted July 27, 2008 Ease your way in and gain a gentle education rather than making the mistake of charging in, thinking you can make a fortune overnight. It may happen, but more likely you'll lose the shirt off your back instead. Patience is the key and your aim should be to go in for the long haul for a somewhat better than average return. Invest in quality companies but don't fall in love with them. Getting nervous during temporary downturns and selling for a loss is a common reaction and usually not the right thing to do. Diversify. Watch your management costs and things like getting stuck in something you don't like because of harsh back-end loads. And watch out you don't put too much faith in any one person's opinions, such as mine. If you make wise choices, you can do well. Quote Link to comment Share on other sites More sharing options...
stevebeilgard Posted July 27, 2008 Report Share Posted July 27, 2008 good points, jack. the idea is to buy low & sell high. but, as you watch the market, most folks do the opposite. i have stocks in companies i don't use or like, such as mcdonalds, wal mart, toyota, and more. why? because i know that in 10 years, their stock will be worth more than it is today. i drive a chevy, don't eat at mcdonalds unless i have to, and hate wal mart. but, they all do make money.... Quote Link to comment Share on other sites More sharing options...
Ravin R10 man Posted July 28, 2008 Report Share Posted July 28, 2008 YUP, sure do.. its called Eternity Quote Link to comment Share on other sites More sharing options...
Tominator Posted July 28, 2008 Report Share Posted July 28, 2008 Yep. Vanguard Health Fund and 3 or 4 holdings with MetLife in the form of a 403b. Quote Link to comment Share on other sites More sharing options...
Rhino Posted July 28, 2008 Report Share Posted July 28, 2008 Sure...been doing it for years. I've got investments in mutual funds and about 25 other individual stocks right now. The whole point is to invest and get a return a lot better than you'd get in the bank. With that comes more risk too. That's why you want to spread out with investments in more than one place. The market has it's ups and downs like the downtrend we're in now with the economy but overall you invest for the long haul. Quote Link to comment Share on other sites More sharing options...
billkay Posted July 28, 2008 Report Share Posted July 28, 2008 Yes, everyone should. Do some research before you start buying though. Know what it will cost you in commissions to both buy the stock, and sell the stock. Most of my recent purchases have been stocks that pay a dividend. It takes a lot of pressure off the daily price of the stock because your dividend is based on # of shares rather than price of shares. Quote Link to comment Share on other sites More sharing options...
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