^^^^ @CaseyH I use Scottrade. It's probably not the best...but quite sufficient for a novice like myself. Their trades are $7 (online).
1. Don't buy Ford. Seriously. That's not smart. Yes, there's a chance that you could rake in a big return, but there's also a chance you could get hosed big time. There are far, far better places to put your money. 2. There are plenty of discount brokers that are cheaper than E*trade. Just know that in your quest to find a cheap broker, not all brokers are created equal. For example, Scottrade's $7 trades are extremely popular, but I find their tools and trading platform to be highly inferior to TD Ameritrade, which charges $9.99 but gives you a fantastic set of investor research tools and trading platforms. Neither charges any kind of monthly or annual maintenance fee that I know of. There's a relatively new one I'm thinking of trying out sometime in the near future, thinkorswim. Their stuff looks fantastic.
any other costs with that 7 bucks? I saw 7 dollars but I thought it said the stock had to be under 1 dollar?
Its not really "My money" meaning if I lose than I am homeless. Its the same thing as gold and silver coins to me. I only drive Fords and I see it is super low so I am going for it.
That is not a good reason to buy a stock. There is a very good reason why it is as low as it is. People are not buying cars and trucks. It's that simple. People who go buying stocks just because they cost $5 usually end up going home crying to momma when they wake up, it's $3 and they've just lost a few thousand. You have surplus money to invest, that's good. Don't waste it on a gambler's play. Go find something that actually has a good chance of appreciating. If you think the market is going to rise, then buy a long index ETF like QLD. I've been dabbling in the market for a while now, and if there is one hard lesson I have learned through my mistakes, it is this: GAMBLERS LOSE.
No. Stock trades are only $7 as long as they are in an exchange that Scottrade is affiliated with. If you're trading mutual funds, keep in mind that each fund might have their own associated fees that would make the purchase exceed the $7 that Scottrade charges. But in general, buying a handful of shares of Ford will only cost $7. Agree on JeopardE's points...some others might have better tools...it ultimately comes down to personal preference...and gambli...uhhhh...investment experience.
Do you agree that at 2 dollars unless they go broke that in 5 years when the credit markets clear and they can change from a SUV heavy lineup they can recover? I really see it as a low risk option. I seriously doubt they will let FoMoCo fail. Also just to be clear I will not be betting the farm, I doubt I will go for over 500 shares.
What is your point? All five DXD SDS DUG SKF and TLL made money for me yesterday. DXO and DIG are down right now but they will shoot back up soon. Every single economist will tell you 50-60 oil is not going to last for very long. Naturally over time it will go up as inflation kicks in in other markets. I am not telling anyone to buy for short trade but if you can wait 3-6 months like me then you will make a ton of money. Even USO is up today and will only rise. I am not playing your stock broker so don't take my advice go do the research yourself.
Nobody thought Bear Stearns could possibly fail. Nobody thought Freddie & Fannie could possibly fail. Nobody thought Lehman Bros. could possibly fail. Nobody thought WaMu could possibly fail. I could go on ... Don't be the guy left holding the bag when the company goes bankrupt. The feds let Lehman fail, and Barclays came over and picked up the pieces and bargain prices. Same thing with WaMu -- they let it fail and then JPMorgan came and picked up the pieces. The stockholders got wiped out. "It couldn't possibly go lower" is not a good reason to buy. I'm not saying it couldn't go up -- there's a good chance for significant gains especially if the market rallies. But that's a gambler's game, and that's all I'm trying to tell you. I've been in this market long enough and I've lost enough money in the past to know not to play like that anymore. You're not going to become wealthy by gambling. That's a poor man's delusion.
Yeah I'm a newb so I am not gonna argue with you but I worked in finance and those banks were replaced and taken up easily. AIG was not allowed to fail. We only have 2 auto makers now. Ford is worth billions and billions and the family owns over 40% of the stock. I take your advice well though. I could have guessed this is not what a smart investor does, but with 1000 bucks it is a cool feeling to own some Ford. (I am a fan)
FYI : AIG failing is quite a bit more serious than Ford failing. And I'm understating that. We only have 2 auto makers now? Did we lose Chrysler? Poor Chrysler. Of course they could be part of the GM family if you believe rumors. Nobody seems to want Chrysler these days, including their parent companies.
GE is jacked. I just read an article that stated - for the past few years they were able to manipulate their earnings by selling some of GE Capitals assets. Ie if they needed $700 million gain for the bottom line they would sell $700mm in assets. Now that GE Capital is not functional in the credit market area, they are no longer able to get this additional cashflow. Therefore, I am not too excited about their growth prospect compared to when they had a GE Capital arm.
You lose big if you try to gamble while day trading. That's the fastest way to lose money to the market. You have to understand at least basic concepts of technical analysis to be a successful day trader. I don't day trade because I don't have the capital requirement to do so, but if I did, let's just say I could've made 200%-300% gains in the past few weeks with the trades I saw but I wasn't able to make. As long as you can recognize turning points and see where it's going, and you can conquer your greed well enough to know when to exit, day trading can be very, very profitable.
What do you guys think about shorting HOG? I would think that with the current economy purchasing a Harley would not be a priority for most people. Also, most that buy Harley's do so by financing so that would be harder as well. I like the long term outlook of CGV (CGG VERITAS).
ok ok u guise got me...dis really me at work lulz.....pls moar F in mai acct! iz 50% cheepr meenz i can buyz 100% moar!!!
