Results 1 to 18 of 18

Thread: Stocks

  1. #1
    God/dess MojoJojo's Avatar
    Joined
    Jul 2004
    Location
    Monkey Land
    Posts
    4,794
    Thanks
    0
    Thanked 7 Times in 7 Posts

    Default Stocks

    So I was thinking about throwing about $300 into some stocks. Unfortunately, I know jack about them. Anyone dabble? I hear "mid-cap" stocks are the way to go this year. Unfortunately "mid-cap" sounds like a medium sized mushroom to me.
    "The problem with the world is that everyone is a few drinks behind."
    -Humphrey Bogart

    "Sir, if you were my husband, I would poison your drink."
    -Lady Astor to Winston Churchill
    "Madam, if you were my wife, I would drink it."
    -His reply

    "If God had intended us to drink beer, He would have given us stomachs."
    -David Daye

  2. #2
    Featured Member short skirts's Avatar
    Joined
    Dec 2006
    Posts
    1,010
    Thanks
    1
    Thanked 9 Times in 7 Posts

    Default Re: Stocks

    You need to speak with an investment advisor who will assess your finances and make a strategic plan for you based on your income, savings, and lifestyle.

  3. #3
    Banned Melonie's Avatar
    Joined
    Jul 2002
    Location
    way south of the border
    Posts
    25,932
    Thanks
    612
    Thanked 10,563 Times in 4,646 Posts
    Blog Entries
    3
    My Mood
    Cynical

    Default Re: Stocks

    Truthfully, between broker commissions and 'odd lot' premiums, trying to buy / trade stocks via transactions in the hundreds of dollars really doesn't cut it. In order to get 'efficient' (in other words, in order to avoid the commissions and 'odd lot' premiums taking a big bite out of your investment before you even own it) you need to be making transactions in the thousands of dollars not hundreds.

  4. #4
    Banned Katrine's Avatar
    Joined
    Nov 2003
    Posts
    13,855
    Thanks
    0
    Thanked 0 Times in 0 Posts

    Default Re: Stocks

    Quote Originally Posted by MojoJojo View Post
    So I was thinking about throwing about $300 into some stocks. Unfortunately, I know jack about them. Anyone dabble? I hear "mid-cap" stocks are the way to go this year. Unfortunately "mid-cap" sounds like a medium sized mushroom to me.
    Mid-cap companies are corporations with market capitalization bet, $2-10 billion. And Melonie is right. If you sign up for a brokerage account anywhere, its going to cost you $20-50 bucks to place one trade. Then, with such a small amount of money, you're going to likely have to pay custodial fees on your account, $20-80 annually. If you put such a small amount in a single stock, and that stock tanks, you've lost all of your investment. Its so risky.

    If you want to do it though, try something like Whole Foods (WFMI on NASDAQ I think, check yahoo finance). FYI, I'm not giving you financial advice, but health retail is a growing economic sector and something "tangible."

    BUT.....and I wholeheartedly agree with Melonie, $300 isn't going to get you much. I would put it in one of those high-yield online money markets like ING or EmmigrantDirect, and systematically save monthly until it becomes a few thousand. For my clients, I won't invest such a small amount of money, its too risky and fees WILL eat away at gains.

    "Have you ever been to American wedding? Where is the vodka, where's marinated herring?" - GB
    "And do the cats give a shit? No, they do not. Why? Because they're cats."-from The Onion

    Quote Originally Posted by Mia M
    If a cupcake was tossed at me... well, I'd only be upset if it missed my mouth

  5. #5
    God/dess MojoJojo's Avatar
    Joined
    Jul 2004
    Location
    Monkey Land
    Posts
    4,794
    Thanks
    0
    Thanked 7 Times in 7 Posts

    Default Re: Stocks

    Crap....you mean I won't become a millionaire overnight? Dammit....this really puts a cramp on my weekend....
    "The problem with the world is that everyone is a few drinks behind."
    -Humphrey Bogart

    "Sir, if you were my husband, I would poison your drink."
    -Lady Astor to Winston Churchill
    "Madam, if you were my wife, I would drink it."
    -His reply

    "If God had intended us to drink beer, He would have given us stomachs."
    -David Daye

  6. #6
    Banned ArmySGT.'s Avatar
    Joined
    May 2005
    Location
    SW Counter Troll HQ
    Posts
    5,582
    Thanks
    1,589
    Thanked 1,674 Times in 1,043 Posts
    Blog Entries
    13
    My Mood
    Amused

    Default Re: Stocks

    BUY silver

  7. #7
    madmaxine
    Guest

    Default Re: Stocks

    Quote Originally Posted by Katrine View Post
    If you want to do it though, try something like Whole Foods (WFMI on NASDAQ I think, check yahoo finance). FYI, I'm not giving you financial advice, but health retail is a growing economic sector and something "tangible."
    Listen to the lady, she's right.

    I read something on MSN about Costco not being a good stock investment anymore, but I don't want to believe that. I loves my Costco!

  8. #8
    Banned Katrine's Avatar
    Joined
    Nov 2003
    Posts
    13,855
    Thanks
    0
    Thanked 0 Times in 0 Posts

    Default Re: Stocks

    Costco is still a great stock. Don't listen to MSN, CNN, and all of that shit. They aren't out to help people become financially successful. They are there to appeal to advertisers buying airtime.

    Ignore the tickers people! $300 worth of gold or silver isn't much better. Wait until you have at least $2,000.

    "Have you ever been to American wedding? Where is the vodka, where's marinated herring?" - GB
    "And do the cats give a shit? No, they do not. Why? Because they're cats."-from The Onion

    Quote Originally Posted by Mia M
    If a cupcake was tossed at me... well, I'd only be upset if it missed my mouth

  9. #9
    Sitri
    Guest

    Default Re: Stocks

    Given that you are just getting started, I would recommend looking at a 5 star mutual fund with a monthly investment. When you get about $50,000 and have learned about stocks, then start looking at a specific stock.

  10. #10
    Banned Katrine's Avatar
    Joined
    Nov 2003
    Posts
    13,855
    Thanks
    0
    Thanked 0 Times in 0 Posts

    Default Re: Stocks

    Quote Originally Posted by Sitri View Post
    Given that you are just getting started, I would recommend looking at a 5 star mutual fund with a monthly investment. When you get about $50,000 and have learned about stocks, then start looking at a specific stock.
    I'd up that to $200K, personally. But everyone is different....

    "Have you ever been to American wedding? Where is the vodka, where's marinated herring?" - GB
    "And do the cats give a shit? No, they do not. Why? Because they're cats."-from The Onion

    Quote Originally Posted by Mia M
    If a cupcake was tossed at me... well, I'd only be upset if it missed my mouth

  11. #11
    God/dess Mr Hyde's Avatar
    Joined
    Oct 2004
    Location
    Tampa
    Posts
    4,035
    Thanks
    278
    Thanked 586 Times in 346 Posts

    Default Re: Stocks

    Send me the $300, I'll either double it or I'll tell you a really cool story about a casino in Gulfport Miss.

  12. #12
    God/dess
    Joined
    Nov 2004
    Posts
    2,352
    Thanks
    0
    Thanked 0 Times in 0 Posts

    Default Re: Stocks

    I have always had good luck with utilities - low risk and they make you a few bucks - SWG - Southwest Gas .

  13. #13
    Jay Zeno
    Guest

    Default Re: Stocks

    Quote Originally Posted by Katrine View Post
    I would put it in one of those high-yield online money markets like ING or EmmigrantDirect
    I'd go with what Kat says, and I've heard good things about Vanguard as a good balance between fees and returns.

  14. #14
    Sitri
    Guest

    Default Re: Stocks

    Quote Originally Posted by Jay Zeno View Post
    I'd go with what Kat says, and I've heard good things about Vanguard as a good balance between fees and returns.
    ??? Do you mean Vanguard Mutual Funds, or Vanguard as a high yield money market account????

    For good returns on Money with the opportunity to pay taxes on 100% of your interest, look on Bankrate.com.

    For good returns (historic performance does not predict future results) Mutual Funds, look under American Funds and check out the minimum investments.

    And so on.

  15. #15
    Jay Zeno
    Guest

    Default Re: Stocks

    ^^^Sorry. Vanguard Mutual Funds, . I've heard good things from trusted sources about decent investing with decent returns and decent fees and decent risk for the unsophisticated. Just passing those good things on.

  16. #16
    Banned Katrine's Avatar
    Joined
    Nov 2003
    Posts
    13,855
    Thanks
    0
    Thanked 0 Times in 0 Posts

    Default Re: Stocks

    If you want to invest it without a minimum requirement, you could always look into an ETF. They trade like stocks, so you buy per share. Really, what I would need to know is how much you have saved already in cash, and if you're contributing to a Roth (if you can). If those are adequately funded, then I would open up a brokerage account, keep the money in cash sweep, and systematically add more.

    All of the best mutual funds I'd recommend require at least $2,000 just to start, and there are many good options. But I'm not going to give that away on here.

    "Have you ever been to American wedding? Where is the vodka, where's marinated herring?" - GB
    "And do the cats give a shit? No, they do not. Why? Because they're cats."-from The Onion

    Quote Originally Posted by Mia M
    If a cupcake was tossed at me... well, I'd only be upset if it missed my mouth

  17. #17
    Sitri
    Guest

    Default Re: Stocks

    Quote Originally Posted by Katrine View Post
    If you want to invest it without a minimum requirement, you could always look into an ETF. They trade like stocks, so you buy per share. Really, what I would need to know is how much you have saved already in cash, and if you're contributing to a Roth (if you can). If those are adequately funded, then I would open up a brokerage account, keep the money in cash sweep, and systematically add more.

    All of the best mutual funds I'd recommend require at least $2,000 just to start, and there are many good options. But I'm not going to give that away on here.
    You are such a tease... Please Please (groveling). If only I had this one double super secret investment. I would be totally satiated. I wish there was a smiley smoking a cigarette!

  18. #18
    Banned Katrine's Avatar
    Joined
    Nov 2003
    Posts
    13,855
    Thanks
    0
    Thanked 0 Times in 0 Posts

    Default Re: Stocks

    Quote Originally Posted by Sitri View Post
    You are such a tease... Please Please (groveling). If only I had this one double super secret investment. I would be totally satiated. I wish there was a smiley smoking a cigarette!
    There is no secret magical investment. That's not what I do and not the crowd I cater to.

    "Have you ever been to American wedding? Where is the vodka, where's marinated herring?" - GB
    "And do the cats give a shit? No, they do not. Why? Because they're cats."-from The Onion

    Quote Originally Posted by Mia M
    If a cupcake was tossed at me... well, I'd only be upset if it missed my mouth

Similar Threads

  1. What stocks should i invest in?
    By Fawn in forum Dollar Den
    Replies: 22
    Last Post: 11-27-2008, 04:29 AM
  2. Etrading stocks
    By anabella in forum Dollar Den
    Replies: 14
    Last Post: 12-06-2007, 04:53 AM
  3. Are everyone's stocks going to shit?
    By scarlett_vancouver in forum Dollar Den
    Replies: 29
    Last Post: 09-09-2007, 03:41 PM
  4. Stocks
    By Muyaha in forum Dollar Den
    Replies: 6
    Last Post: 01-08-2005, 08:10 PM
  5. Rolling stocks anyone ?
    By witt in forum Dollar Den
    Replies: 6
    Last Post: 01-07-2004, 08:34 AM

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •