and how much profit have you guys made buying/selling stocks?
2006-07-18 17:36:01 · 6 answers · asked by mookie123 1 in Business & Finance ➔ Investing
the overall market has been very unpredictable and will probably get worse.
housing is down, foreclosures are up(housing has been a major source of consumer spending), the budget and trade deficits are high, analysts are predicting a period of slowing growth. I believe the wisest course of action is to put money in 3mo CD’s (staggered every month) and wait for the right opportunity when the market has bottomed. Keep reinvesting your money in short term CD’s until it breaks.
2006-07-18 20:21:51 · answer #1 · answered by yeeooow 4 · 0⤊ 0⤋
If you are asking that question in this forum, you are obviously a naive investor. You should avoid buying individual stocks and put your money in a no-load mutual fund.
The fact is that if anyone knew of a stock that was going to outperform, they would buy it & that would bid up the price, making it less likely to outperform for later investors.
Academic studies show that new information gets imbedded in prices almost immediately. That means that if someone tells you here that there is good news for a company, that good news is already priced in.
The only way to beat the market on a regular basis is to have private information. There are three ways to get private information. One is to have insider information (which is usually illegal to use in tradnig). One way is to pay for it -- taking away the advantage. The third way is to gather up all public information on your own & glean information from it -- leading you to realize the private information that causes the public information. In other words -- use fundamental analysis. Since there are other people doing this analysis on big firms -- the payoff isn't going to be high, since they will probably ge tthe information before you.
That means that profits are to be made in smaller firms where no analyst is covering the company. You can be the first to learn what the public information means. Unfortunately, doing this involves a skill and knowledge that most people don't possess. And it is certainly a knowledge that you aren't going to get asking here.
No load mutual funds are your best bet.
2006-07-19 06:46:47 · answer #2 · answered by Ranto 7 · 0⤊ 0⤋
crucify me but i would stay away from energy as EVERYONE and their dog is in energy. I could be wrong but the risk is high in this sector.
maybe check out some semiconductors. That area has taken a beating of over 22% in the last 2 months.
I think a few are oversold like Nvidia (NVDA).
but thats just my opinion.
i own shares in nvidia btw.. not that i think your investment of say a mere few k would move the stock price at all.
im just offering a stock to look into, if you think it sucks.. well.. dont buy it.
2006-07-19 01:22:10 · answer #3 · answered by bob b 1 · 0⤊ 0⤋
The only stock I invest in now is myself. Sure I made $35,000 profit trading for two years . . . then lost it overnight when Intel crashed. I give up. I'm just glad it wasn't my own money but profits from the market.
2006-07-19 01:00:28 · answer #4 · answered by Anonymous · 0⤊ 0⤋
energy is only going to go up for awhile due all this mess in the mid. east
2006-07-18 19:43:49 · answer #5 · answered by Hope 1 · 0⤊ 0⤋
anything in the energy sector but watch it might be plateauing soon
2006-07-18 17:40:24 · answer #6 · answered by Anonymous · 0⤊ 0⤋