Don't buy gas
10-11-2008, 10:22 PM
#63
1.5 BAR
Join Date: Nov 2005
Posts: 828
Re: Don't buy gas
Originally Posted by doug684
$3.36 here, was $3.46 last night. When ---- really hits the fan and stocks are cheap as ---- would it be a good time to invest a few $100? I don't know jack about stocks, but love any opportunity to make a $1
Now is actually a REALLY good time to get into the market, basically everything is dropping in price (except gold) and you can pick up alot of stock for really cheap, just read up on them and see how they run their buisiness and ----, google has a very good tool thats free to help you out http://finance.google.com/finance?client=ob&q=NYSE:OIL
^ thats the stock i bought 20 shares in two weeks ago for 86 a share
Anyway, what you do is pick a stock ( like coach their ticker is COH, i own their stock and they should do well long term ) then pick a company to invest with like fidelity, smith/barney, ameritrade, etc and open an account.
The trick is to not only make sure your picking a good company to invest in but also when you buy the stock use whats called a "trailing stop loss", this is a threshold you set to sell your stock if it drops below a certain amount so you won't lose your ***. Basically buy stock at $10 per share and put a stop loss of 20% on it so if it takes a dump your account will automatically sell all your shares for you. If your scared of losing money go with GLD, or anouther company that invests in gold, it will fluctuate but over the long run it makes money with the average return on that stock being about 18%, compare that to a savings account or IRA interest rate of like 2-4%.
10-11-2008, 10:57 PM
#65
0.0 BAR
Join Date: Nov 2005
Posts: 0
Re: Don't buy gas
Originally Posted by signorelli21
stay away from oil for a while, it could go up 3 0r 4 dollars on monday then drop 6 dollars on tuesday, hard to say exactly but i think it will keep going down for a while.
Now is actually a REALLY good time to get into the market, basically everything is dropping in price (except gold) and you can pick up alot of stock for really cheap, just read up on them and see how they run their buisiness and ----, google has a very good tool thats free to help you out http://finance.google.com/finance?client=ob&q=NYSE:OIL
^ thats the stock i bought 20 shares in two weeks ago for 86 a share
Anyway, what you do is pick a stock ( like coach their ticker is COH, i own their stock and they should do well long term ) then pick a company to invest with like fidelity, smith/barney, ameritrade, etc and open an account.
The trick is to not only make sure your picking a good company to invest in but also when you buy the stock use whats called a "trailing stop loss", this is a threshold you set to sell your stock if it drops below a certain amount so you won't lose your ***. Basically buy stock at $10 per share and put a stop loss of 20% on it so if it takes a dump your account will automatically sell all your shares for you. If your scared of losing money go with GLD, or anouther company that invests in gold, it will fluctuate but over the long run it makes money with the average return on that stock being about 18%, compare that to a savings account or IRA interest rate of like 2-4%.
Now is actually a REALLY good time to get into the market, basically everything is dropping in price (except gold) and you can pick up alot of stock for really cheap, just read up on them and see how they run their buisiness and ----, google has a very good tool thats free to help you out http://finance.google.com/finance?client=ob&q=NYSE:OIL
^ thats the stock i bought 20 shares in two weeks ago for 86 a share
Anyway, what you do is pick a stock ( like coach their ticker is COH, i own their stock and they should do well long term ) then pick a company to invest with like fidelity, smith/barney, ameritrade, etc and open an account.
The trick is to not only make sure your picking a good company to invest in but also when you buy the stock use whats called a "trailing stop loss", this is a threshold you set to sell your stock if it drops below a certain amount so you won't lose your ***. Basically buy stock at $10 per share and put a stop loss of 20% on it so if it takes a dump your account will automatically sell all your shares for you. If your scared of losing money go with GLD, or anouther company that invests in gold, it will fluctuate but over the long run it makes money with the average return on that stock being about 18%, compare that to a savings account or IRA interest rate of like 2-4%.
10-12-2008, 01:50 AM
#67
1.5 BAR
Join Date: Nov 2005
Posts: 828
Re: Don't buy gas
Go here and start reading http://www.smartmoney.com/?hpadref=1
I read this and many other sites every day, its alot like engine management, you can't just tell someone how to tune their setup because they are all different and you need to understand how everything works first.
What you can do is look around for "recommended" stocks or under rated stocks that are expected to grow, on that site look under the stocks and options menu on the left and look at the stocks they recommend, then see why they recommend them and you will have an idea of ---- to look for in a company.
For instance theres a company called energy conversion devices inc ( ENER) that i found about 6 months ago, they were at $23 a share then but had just patented a new design for solar panels that makes them more efficient and cost effective, they were also signing a big contract with some company to put the new panels on their buildings and a bunch of other ----, anyway their stock is now at 36 a share and two weeks ago it was at 68 a share.
Also check out Forbes.com and other financial sites, they usually have like top ten stock picks or whatever every week and you can see how they go about figuring out why they are good, also open an account somewhere (most of them are free to sign up i think) and just create a watch list of stocks that you like, then you can watch them for a while and see how you do without actually putting down any money. Fidelity has a deal where you can actually perform hypothetical trades and watch several stocks over a long period of time to help give you confidence.
Oh and with gold, you don't actually buy gold you buy shares in a company that holds gold, so you don't need 885 dollars to buy one share of stock, or whatever it is at this minute, also check out silver its like 15 dollars an ounce and is speculated to go way up if we really fall into recession.
I read this and many other sites every day, its alot like engine management, you can't just tell someone how to tune their setup because they are all different and you need to understand how everything works first.
What you can do is look around for "recommended" stocks or under rated stocks that are expected to grow, on that site look under the stocks and options menu on the left and look at the stocks they recommend, then see why they recommend them and you will have an idea of ---- to look for in a company.
For instance theres a company called energy conversion devices inc ( ENER) that i found about 6 months ago, they were at $23 a share then but had just patented a new design for solar panels that makes them more efficient and cost effective, they were also signing a big contract with some company to put the new panels on their buildings and a bunch of other ----, anyway their stock is now at 36 a share and two weeks ago it was at 68 a share.
Also check out Forbes.com and other financial sites, they usually have like top ten stock picks or whatever every week and you can see how they go about figuring out why they are good, also open an account somewhere (most of them are free to sign up i think) and just create a watch list of stocks that you like, then you can watch them for a while and see how you do without actually putting down any money. Fidelity has a deal where you can actually perform hypothetical trades and watch several stocks over a long period of time to help give you confidence.
Oh and with gold, you don't actually buy gold you buy shares in a company that holds gold, so you don't need 885 dollars to buy one share of stock, or whatever it is at this minute, also check out silver its like 15 dollars an ounce and is speculated to go way up if we really fall into recession.
10-12-2008, 02:20 AM
#68
0.0 BAR
Join Date: Jul 2005
Posts: 0
Re: Don't buy gas
does anyone have a clue as to why gas is "all of the sudden" getting cheaper......whats happening right now to make gas cheap........
price manipulation much
interesting that gas has plummeted since just before the presidential debate started.....its amazing that now, no one is talking as much about the energy crisis......you watch.....come january....gas will shoot up again...
price manipulation much
interesting that gas has plummeted since just before the presidential debate started.....its amazing that now, no one is talking as much about the energy crisis......you watch.....come january....gas will shoot up again...
