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stock market
Topic Started: Nov 15 2010, 06:05 PM (3,338 Views)
Horn


JamesGarfield
Oct 25 2011, 11:19 PM
I have mixed feelings about the stock market. In general it is all a form of gambling -- you're taking a chance that your investments will increase. Therefore if you're going to invest, you should start with an amount of $$ that you could afford to potentially lose.

That being said, as many here have described, it's very possible to come out with some profit. You can do your homework, study the P/E scores of different companies, and make informed decisions about where to put some money. Or you could just hand a sum to a mutual fund and let their managers hopefully make good choices.

I personally use the mutual fund method, salt a little away for the long term and don't think of it day to day. I find interfacing with brokers and the whole stock market thing to be generally distasteful -- not only because of the basic concept of someone else determining what your investements are worth -- but also because I lost my grandfather to the market back in '29. He was the president of a small town bank in Nocona TX. After the crash he became pretty much labeled as a criminal overnight by the town citizens, who felt he was personally responsible for the crash. There was no FDIC back then to protect the banks, and no CNN then to show how it was happening all over. He found his relief at the end of a rope.
damn that suck......

anyways, I wouldn't necessarily say its gambling.....its investing (I guess you could technically use those terms the same way). You don't always make money on an investment.

I joined a group at college that invests, we have $1,000,000 of the schools money to invest in the S&P 400. Yes it is real money. Our instructor use to be a VP of a financial investment company that was in charge of $60 Billion. We have been learning about certain things to look for and evaluation models, that if done right will tell you the approximate value of the stock. These methods do involve a lot of math, but they are the same methods that many investment firms use. So I am getting a lot more experience.

and also if you are relatively close to retirement......why do you have most of your money in the stock market?....come on there are safer ways.
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JamesGarfield
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horn12007
Oct 26 2011, 04:50 PM
I joined a group at college that invests, we have $1,000,000 of the schools money to invest in the S&P 400. Yes it is real money. Our instructor use to be a VP of a financial investment company that was in charge of $60 Billion. We have been learning about certain things to look for and evaluation models, that if done right will tell you the approximate value of the stock. These methods do involve a lot of math, but they are the same methods that many investment firms use. So I am getting a lot more experience.

and also if you are relatively close to retirement......why do you have most of your money in the stock market?....come on there are safer ways.
Sounds like your instructor is one of those who can give you a good guidance. Gotta love that.

Actually I'm fairly diversified, not just in the stock market, some CD's, some real estate, tryin' to spread it around.

I think about retirement, those years when I won't be able to work any more... but I try not to think about actually retirING. Most of the time I get the feeling my retirement is gonna come in the form of a box, and 6 feet of dirt.
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cgem
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I say go mutual funds for the risk factor. Individual stocks and futures can wipe out a retirement in a heartbeat. You can also move your money in and out of MF's, and into the safe money market, when times get volatile (usually free of charge with most companies). And get a creditable newsletter to guide your moves. Newsletters are even reviewed for accurateness. Slow steady growth is preferred over roller coaster returns.
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Memphis metro


Any big traders have any ideas on AA at this moment in time?
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Old Man


Im done with worrying about it !! At 70yrs+ Im just spending
the hell out of it.......... :rocker :beer :popcorn :stoner :wub:
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Way


I have been toying with penny stocks of late, oil shale stocks so far. Been kind of hit and miss, one really good one that has put me in the profit side but 2 others that are not doing so good.

Energy, war and medicine are usually pretty safe bets unless they invent perpetual motion, worldwide peace breaks out irreversibly and doctors cure all disease. It would be just my luck.. :whistle
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dayle1960
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Fastest Hampster EVER

Dollar General, Family Dollar, and Freds. They are selling the piss out of merchandise everytime I step into one of their stores. With the economy tanking, the cheap retailers are making money hand over fist. Worth a peek, at least.
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Memphis metro


Sure looks like a good buying opurtunity for AA.

http://www.americanbulls.com/StockPage.asp?CompanyTicker=AA&MarketTicker=NYSE&Typ=S

http://www.google.com/finance?q=aa#
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Way


They do say buy low and sell high. It certainly seems to be at a low:


Posted Image

I guess the question is: why? What happened to drive the price down from a high of $18.12?
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Memphis metro


Unless its lack of building going on because of slow economy I dont know. Lack of demand for alluminum siding materials, car parts or other alluminum products in a slow economy. But with the supposedly better economic news floating around lately, it might drive it back upwards towards 11 or so pretty soon.
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Horn


Well I havent looked at the financials so I cant say anything. But the charts can mislead you.....but can help you. Many of the big firms use a big equation to find a price. Look for an increase in o.s. Compare their earnings and costs over several years. See if they are expanding.....etc
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Way


Definitely something to keep an eye on for sure. $10 drop in 6 months. Seeking Alpha site seems to have some good things to say:

http://seekingalpha.com/symbol/aa?source=search_general&s=aa

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Way


horn12007
Oct 26 2011, 04:50 PM
anyways, I wouldn't necessarily say its gambling.....its investing (I guess you could technically use those terms the same way). You don't always make money on an investment.

I joined a group at college that invests, we have $1,000,000 of the schools money to invest in the S&P 400. Yes it is real money. Our instructor use to be a VP of a financial investment company that was in charge of $60 Billion. We have been learning about certain things to look for and evaluation models, that if done right will tell you the approximate value of the stock. These methods do involve a lot of math, but they are the same methods that many investment firms use. So I am getting a lot more experience.

and also if you are relatively close to retirement......why do you have most of your money in the stock market?....come on there are safer ways.
That sounds awesome! Do you have any good books to recommend for anyone wanting to learn the math? Or maybe I should wait to see how much that million is worth in a year? :whistle
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Horn


Actually I had to drop out of the program because I needed more time to study for class. The main goal of that group is to beat the benchmark. which they have the past few years.....as for books idk of any off hand. I would do a google search maybe a college book in investing that is a few editions old could help
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Way


dayle1960
Jan 2 2012, 04:43 PM
Dollar General, Family Dollar, and Freds. They are selling the piss out of merchandise everytime I step into one of their stores. With the economy tanking, the cheap retailers are making money hand over fist. Worth a peek, at least.
Might be good for long term holding:

Posted Image

I play penny stocks because at $5 and under, it's much easier for the money to double. It would take a substantial development for Family Dollar to gain a whole lot. A penny stock can double in a week.

Of course, with the reward of penny stocks comes the greater risk. Companies on this level can tank pretty quick too. I figure rather than go to Vegas or a local casino, I can at least have a little money in, see what it does. My chances of a return are a little better plus I sort of have an idea of my real odds. If the :shit hits the Posted Image well I just make sure I don't have everything tied into the one.
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