Boiler Room: The Official Stock Market Discussion

[Domingo Halliburton]

yea i just found out i can withdraw early but they charge 10% tax

im actually on the 403(b) plan


I guess that would be fine when i hit the 5+ digit numbers. But how can a brotha get hooked up with regular stocks and shyt? where would be a good starting point?

You got to identify your timeline. Are you trying to invest for retirement or a house or something, or are you just trying to throw some money around and make some more by next week?

If you are doing the former look at some big fortune 500 company or vanguard index funds (or something similar) and let the cash sit for years.

If you want to do the latter, you have to follow markets. And I would recommend following them daily. Like looking at economic trends and just following the news. CNBC, Wall street journal, Yahoo finance, google finance, seekingalpha, there's plenty of resources out there. You can look at this thread and the last few pages of it and see what the posters in here like. A couple of the guys have made some good picks.

 

[Bboystyle]

You got to identify your timeline. Are you trying to invest for retirement or a house or something, or are you just trying to throw some money around and make some more by next week?

If you are doing the former look at some big fortune 500 company or vanguard index funds (or something similar) and let the cash sit for years.

If you want to do the latter, you have to follow markets. And I would recommend following them daily. Like looking at economic trends and just following the news. CNBC, Wall street journal, Yahoo finance, google finance, seekingalpha, there's plenty of resources out there. You can look at this thread and the last few pages of it and see what the posters in here like. A couple of the guys have made some good picks.

Yea im looking to invest and make some back within a month or so. Not really long term yet. Im doing that with my 403B anyways. Just want to make a few hundred or a grand if possible.

 

[Bernie Madoff]

Jcp moving, what's bbry going to do today? Looks like shorts being forced to cover might cause some spikes lol

 

[LOUD]

hmmm. i have $163 invested in several stocks and have made back $353 so far. Lol,damn i didnt even know this...

What you trading with?

 

[Bernie Madoff]

Happy I got back into bbry at the end of the day yesterday. Shouldn't have sold so early, but its all profit so...

 

[LOUD]

HKG ladies HKG

Blue Horseshoe loves Anacott Steel.

 

[Bernie Madoff]

I don't know man aren't they kind of a thing of the past? I mean hell, I don't know why I'm doubting you, you were right on blackberry.

But still, they just seem stagnant to me.

Up .31
They are getting into a lot of paperless markets. Cash flow is growing at a great pace...

 

[Futuristic Eskimo]

Recently entered into sizable position in YCS. with their debt problem, Japan has no choice but to further devalue the yen over the next few years. seems like a no-brainer

 

[Bboystyle]

What you trading with?

My job uses Lincoln Financial.

as for the stocks and shyt im still new to reading them but i'll copy and paste.


first row of numbers = amount of shares i own
Second row = Price per share
third row = date aquired
4th row = Balance
5th row = QTD Change
last row = YTD change


Lincoln Stable Value Z23 72.109 $1.039 08/13/2013 $74.89 $30.45

$74.89

Invsco Growth And Income 2.022 $25.720 08/12/2013 $52.01 $19.29

$52.01

Ticker: ACGIX
AM Fds Europacific Gr R4 0.906 $43.630 08/12/2013 $39.53 $16.35

$39.53

Ticker: REREX
Pimco Total Return Admin 3.015 $10.810 08/12/2013 $32.58 $13.09

$32.58

Ticker: PTRAX
Calvert Equity Ptfl A 0.590 $44.380 08/12/2013 $26.17 $10.33

$26.17

Ticker: CSIEX
AM Fds Grth Fund Of Amer R 40.645 $40.540 08/12/2013 $26.14 $9.52

$26.14

Ticker: RGAEX
Jpm Small Cap Equity Fund A0.385$42.62008/12/2013$16.40$6.44

$16.40

Ticker: VSEAX
Gld Sch Sachs Mid Cap Value A 0.344 $47.670 08/12/2013 $16.37 $6.45

$16.37

Ticker: GCMAX
Colmbia Small Cap Value II Z0.896 $18.250 08/12/2013 $16.35 $6.33

$16.35

Ticker: NSVAX
Rainier Small/Mid Cap Equity Port 0.298 $44.050 08/12/2013 $13.12 $5.16

$13.12

Ticker: RIMSX
Davis Ny Venture 0.332 $39.180 08/12/2013 $13.02 $5.08 $13.02
Ticker: NYVTX

 

[Domingo Halliburton]

My job uses Lincoln Financial.

as for the stocks and shyt im still new to reading them but i'll copy and paste.


first row of numbers = amount of shares i own
Second row = Price per share
third row = date aquired
4th row = Balance
5th row = QTD Change
last row = YTD change


Lincoln Stable Value Z23 72.109 $1.039 08/13/2013 $74.89 $30.45

$74.89

Invsco Growth And Income 2.022 $25.720 08/12/2013 $52.01 $19.29

$52.01

Ticker: ACGIX
AM Fds Europacific Gr R4 0.906 $43.630 08/12/2013 $39.53 $16.35

$39.53

Ticker: REREX
Pimco Total Return Admin 3.015 $10.810 08/12/2013 $32.58 $13.09

$32.58

Ticker: PTRAX
Calvert Equity Ptfl A 0.590 $44.380 08/12/2013 $26.17 $10.33

$26.17

Ticker: CSIEX
AM Fds Grth Fund Of Amer R 40.645 $40.540 08/12/2013 $26.14 $9.52

$26.14

Ticker: RGAEX
Jpm Small Cap Equity Fund A0.385$42.62008/12/2013$16.40$6.44

$16.40

Ticker: VSEAX
Gld Sch Sachs Mid Cap Value A 0.344 $47.670 08/12/2013 $16.37 $6.45

$16.37

Ticker: GCMAX
Colmbia Small Cap Value II Z0.896 $18.250 08/12/2013 $16.35 $6.33

$16.35

Ticker: NSVAX
Rainier Small/Mid Cap Equity Port 0.298 $44.050 08/12/2013 $13.12 $5.16

$13.12

Ticker: RIMSX
Davis Ny Venture 0.332 $39.180 08/12/2013 $13.02 $5.08 $13.02
Ticker: NYVTX

the ones I bolded aren't they kind of redundant? How many small cap funds do you need? you have to remember each fund has an expense tied to it so you may want to look at paring some of it down.

 

[aliG]

I knew yen would soon hit 100. its at 98 and flying.

 

[aliG]

bbry stormed out the gates this morning only to pull back towards the end of the day.

 

[Bboystyle]

the ones I bolded aren't they kind of redundant? How many small cap funds do you need? you have to remember each fund has an expense tied to it so you may want to look at paring some of it down.

the agency handles all the transaction for my retirement fund. And quite honestly i dont know the first thing to do or even why i would do it. thats why i need some advice on where to start with all this stock shyt. I know u can eat off it good and there's safe routes to take for gurantee income.

 

[Domingo Halliburton]

the agency handles all the transaction for my retirement fund. And quite honestly i dont know the first thing to do or even why i would do it. thats why i need some advice on where to start with all this stock shyt. I know u can eat off it good and there's safe routes to take for gurantee income.

well those small cap funds could easily carry different companies. it sounds like your fund is being professionally managed already.

I would tell you the only thing that is considered completely safe (risk-less) is US treasury notes, because the US is never going bankrupt. one of the first rules of finance is risk=reward. the less risk you take the less reward you'll see.

stocks are going to be risky and not ever going to be a guaranteed money maker. you can diversify the non-systematic risk away by diversifying your stocks. however systematic risks are still there (i.e. 2008-2009 financial crisis). over a long enough timeline though the stock market always goes up.

If you want something safe look at BRKB (warren buffett's company). it'll offer you instant diversification. although 117 a share might be a little expensive.

a lot of the stocks mentioned in here are done with a lot of speculation and risk. I'm assuming you're still kind of young so dont be afraid to take some risk you can make the money back.

 

[50CentStan]

Somebody with the knowledge please help your boy.

American Airlines is going to Merge with US Airways, just like Delta and Northwest merged, and United and Continental. The Fed Gov sued to stop the merger. I dont think they will stop them from Merging in the end, EU already gave American the Okay. The stock for American dropped from $5.xx to $3.xx today. I am thinking about buying this stock assuming that when the airlines merge the stock will jump like UAL did. Now what confuses me is the AMR stock is not available because they filed some bankruptcy protection in 2010 or 11. The stock name is AAMRQ, whats the difference? If I purchase AAMRQ and the airlines merge and the stock goes up to lets say $8 will it remain AAMRQ or become AMR? Basically what I'm asking is when I invest in AAMRQ and american does good, they wont leave me out of the benefits? Thanks ahead of time.