Hi BJ,
Hope this helps... may be it'll be a bit long... but hold on...
Being a new bee to the market... I first of all think you should not start off ouring your money in. If you are really eager to get rid off money from the banks... then I would say rely on some one who is really reliable.
I would say no broker is reliable.
So do all the trading yourself.
Next step would be... to look for some one who can give good advices.
If you are fond of reading books get those two books Jim Cramer wrote. They have really helped many and their rating in amazon has been great.
Moreover if you have cable connection in your home and if you can watch CNBC for an hour everyday... you'll seee how cramer invests or gives investmen ideas.... Personally he doesn't really give out any investment secrets ... bu t gives out the names of good stocks.Actually that way he is minimising the amount of home work we would be doing. He reduces the number of shares and financial reports we would read by doing it himself.
This year he reported three groups of stocks..
1) value
2) growth
and
3) speculative
each group with 3 stocks intothem.
You said 5-10 years .. so value stocks should be good for you . I guess.
I too have lately beome a great fan of him.
Coz he always says few things that I have been pounded in before.
He always says...
1) Never buy a stock in the wee hours.
2) Never buy a stock during after hours.
3) Never place market orders. Always place limit orders.
4) hmmm what else.... yya .. Always distribute your money in the sector or to a group of stocks... Never pour whole money into one stock.
To be honest... I have never followed these things till a few months bak when I started adoring him.... I once got myself robbed $200 once placing a market trade on a sale of $3000. That is 7% Isn't it too much I placed a market trade hoping it would atleast go for the last trade and it went 10 cents lower. It was a very cheap stock below 1 dollar.
From then on I never place market trades.
This is just an example
Though I asked to do it by self.. I gave some trustable and valuable resources. What I meant was --> brokers would try to run his/her money in / and many times to get the brokerage. They would suggest frequent trading to get more money. Instead if he / she just chooses it from only a few of them whose prospects are good.. that should be fine ... Moreover from what I told I think it is pretty clear that Jim does most home work and what we have to do is just place a trade... which is not at all difficult. Hope this clears your point.
2007-01-09 06:04:30
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answer #1
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answered by That's me ... 3
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One thing about YA Investing is that everyone seem to want to believe in their own particular illusion. Nobody, apparently, wants to hear the truth. But let me lay it on you anyway. Before last year there was one, I repeat; ONE known manager of a mutual fund that had outperformed the S&P index for over 10 years. His name is Bill Muller. Last year he badly underperformed. Which means that currently not one single "professional" has been able to outperform the market over the long haul. My question to you is; why would you even want to try? If no "professional" knows which stocks to buy, you'd be stupid to think that anyone here on YA would have even the foggiest idea. Why not simply buy an index fund that has outperformed every single managed fund and take what the market will give? Unless, of course, you are like 99% of everyone with a driver's license that think they are among the top 1% best drivers.
If you seriously want to educate your self on the realities of the market; buy The Battle for the Soul of Capitalism by John Bogle, the founder of Vanguard. And if you are serious about finding out how extremely difficult it is to successfully trade stocks; buy My Own Story by Bernard Baruch.
2007-01-09 07:11:37
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answer #2
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answered by Ivar 4
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Altria for best in 2007. Choosing the right stock is tricky, you need to read up on some financial ratios and risk analysis. For long-term, you might try mutual funds, mature stocks that have low but stable growth or bonds. A simple definition to successful stock market activities is "buy low, sell high". You might want to schedule a visit with a financial analist or stock broker to determine what options are best for you.
2007-01-09 07:06:45
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answer #3
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answered by Shannon L - Gavin's Mommy 6
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For illustration this wheel 16x6-a million/two, eight lug, 6-a million/two GM otion PY0 lists for 567 each and every. Used or New take off must run approximately eighty five to a hundred thirty five each and every (plus delivery if there may be any). Second as a reminder the fee of a couple of 20" wheels is way less expensive than new ones, however the difficulty with that's while you bend one.....typically you cant however only one or they've been discontinued for more recent cooler ones. 3rd...if the truck is wrecked and it has 20" on it the ins enterprise sees that you just dont have the correct wheels on it and can deduct the manufacturing facility fee of the wheels at the importance of the truck... so in case your buddy had 20 that fee him a grand.....and he received in a destroy the ins enterprise might vehicle deduct 567 x4 or 2268 from the importance of the truck except he had bought certain coverage that included wheel....(additionally high priced)...move that on in your buddy.. i might present him four hundred-500 at the set...
2016-09-03 19:01:23
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answer #4
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answered by ? 4
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I think global warming is going to be a big issue in 2007, so I have invested in wind & solar energy stocks. You might want to take a look at Energy Conversion Devices, ENER. I also like Gamesa, GCTAF.pk - they are the world's #2 maker of wind turbines.
But don't take my advice. You should get your investment ideas from the best investors. You can see what the best investors are buying and selling at http://www.top10traders.com - this is a free site that lets you create a portfolio of stocks with $100,000 in "play" money. Each day the site ranks the best performing portfolios, so you can see how your picks perform compared to other investors. You can also read posts on investing from the best traders, as well as share your own investing ideas. There is also a charting feature , so you can see how your portfolio performs compared to the S&P 500.
Here are this month's best traders:
http://www.top10traders.com/Top10Standings.aspx
Good luck.
2007-01-09 11:25:42
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answer #5
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answered by Anonymous
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why not just invest in mutual funds and let a pro handle the stock picking?
if you have to pick single stocks try some well known large companies that arent likely to go down, then keep them for years,like GE,microsoft, whatever, but don't just jump in looking to get rich,
try investing in funds for a while and learning about stocks before jumping in and losing your money
EDIT: i cant believe you said this to a beginner:
" I would say no broker is reliable.
So do all the trading yourself. "
just like all jobs there are some that arent the best,but to tell a newbie to just do it all himself is not going to help him
2007-01-09 06:06:45
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answer #6
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answered by swenjj 4
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Check out the article on YHOO at http://ibooyah.com
There are some great points on why YHOO could be the 2007 stock high performer.
2007-01-09 11:21:47
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answer #7
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answered by Anonymous
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ETFs in China, India, Mexico, Brazil and South Korea.
2007-01-09 06:34:26
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answer #8
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answered by gregory_dittman 7
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These are good long term companies:
GOOG, AAPL, AKAM, MSFT, SIMG, SIGM, SIMO, LVLT, ET, SHLD
Hope it helps.
2007-01-09 06:47:10
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answer #9
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answered by Anonymous
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starbucks
2007-01-12 07:06:48
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answer #10
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answered by Anonymous
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