01-21-2013, 09:52 PM | #1 |
Drives: 2012 AGM SS Join Date: Jun 2012
Location: Las Vegas
Posts: 1,407
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Investing and Stock Market
Just wondering who else here actively plays the stock market and if you have any plays?
I'm long on Intel, Ford (Gasp I know), and Apple. Also dab a little with future energies, solar, natural gas, etc.. Looking at Vanguards VWNDX mutual fund, and anything else that seems up and coming. As much as it is for making money it's also fun. Last year I made pretty good on Sprint, Boeing, Jamba Juice. Anyone else actively trade? |
01-21-2013, 10:10 PM | #2 | |
Drives: 2010 SS/RS M6/2500HD Lmm LTZ Join Date: Apr 2012
Location: South Georgia
Posts: 2,543
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Put it this way. I had stock in Enron and Kmart. We both know how those went. My deceased father refused to allow me to invest in ge around 2000.(I was a minor) That stock shot through the freaking roof (it stabilized later) I was devastated. My father used to be a huge paper trader and dabbled in currency. That being said witnessing him lose copious amounts of money never enticed me in. I decided to start trading in a crazy market. I instead invested in real estate. That was the ticket. |
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01-21-2013, 10:40 PM | #3 |
Camaro Disciple
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My dad is an investment broker, so I've had some good advice along the way.
I've gone on my own to try to pick stocks now and then. I've picked some good ones (DeVry and Best Buy when they were booming) and some bad ones (Lucent Technologies through their decline). I'm mostly out of stocks now since the market is so volatile. Pretty much just mutual funds for me now, yet I do retain stock in 1 company that's been relatively safe.
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2013 Camaro 2SS/RS
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01-22-2013, 02:40 PM | #4 |
Drives: 2012 AGM SS Join Date: Jun 2012
Location: Las Vegas
Posts: 1,407
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What's your take on savings? I keep minimums in my checking account just because it doesn't earn any interest. Pay everything on credit cards that's possible to earn points (I pay them all off in full every month, always have, always will). The rest I keep in money market accounts but I've been thinking about moving it to a mutual fund, it's a bit riskier, but money market is barely earning 1% right now.
Any takers? |
01-22-2013, 02:48 PM | #5 | |
Drives: 2010 SS/RS M6/2500HD Lmm LTZ Join Date: Apr 2012
Location: South Georgia
Posts: 2,543
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I buy and flip foreclosed homes. Last one took 2 months to flip. 12k profit made by this weekend warrior. |
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01-22-2013, 02:57 PM | #6 |
Camaro Disciple
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I keep a little bit in a local bank savings, just because of easy access.
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2013 Camaro 2SS/RS
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01-22-2013, 03:05 PM | #7 |
Drives: 2010 SS/RS M6/2500HD Lmm LTZ Join Date: Apr 2012
Location: South Georgia
Posts: 2,543
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I'm also a gold/silver broker and make my living doing that. Just a thought
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01-23-2013, 02:00 AM | #8 |
Bully Proof
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I'm into it...there's nothing I love more than legalized gambling. In general I keep a diversified mix of approximately 20 different stocks and then some speculation stuff for fun.
I've owned Ford since I bought a few thousand shares at $1.11 back in November of 2008 and I scaled out on the way up and only own a 1000 shares now...then I took the profit and bought me a couple of Chevys...lol. I also bought about the same amount of Fifth Third Bank and it still has a way to run so I'm still hanging on to some of that for now. I bought Apple originally at $79 a share and I sell and rebuy it all the time...most recently at $475 and I also jump in and out of BOA when the timing is right. My speculation in RIM paid off well recently too. I used to own about 1/3 mutual funds, 1/3 stocks and 1/3 bonds...but I prefer to make my own choices so I sold most of my mutuals over a year ago so I could buy more stocks. I also like to flip cars...it's much more fun than houses and a lot less work. I just bought a 2006 Cadillac SRX that I will be tripling my money on...working towards that C7.
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01-23-2013, 06:30 AM | #9 |
Drives: 2012 AGM SS Join Date: Jun 2012
Location: Las Vegas
Posts: 1,407
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Do you pick up cars at auction or something? |
01-24-2013, 08:44 PM | #10 |
Drives: Getaway Special Join Date: Jan 2013
Location: Globe Trotter - CIU
Posts: 398
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I am L Ford. Simply do the 15 day line and 3 day line. On up crosses buy. On down crosses, sell. Say 6000 shares. .20 cent swings get you $1200 per trade. Easy to do a couple times a week. And, you don't have to worry because their PE is slightly above 3 and large downsides are not to be feared.
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01-24-2013, 08:54 PM | #11 | |
Drives: 2012 AGM SS Join Date: Jun 2012
Location: Las Vegas
Posts: 1,407
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01-24-2013, 09:00 PM | #12 | |
Drives: Getaway Special Join Date: Jan 2013
Location: Globe Trotter - CIU
Posts: 398
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01-24-2013, 09:04 PM | #13 | |
Drives: 2012 AGM SS Join Date: Jun 2012
Location: Las Vegas
Posts: 1,407
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01-24-2013, 10:09 PM | #14 |
Camaro Disciple
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I would love to actively trade stocks and play the game a little.
But I'm too chicken. And have no money to start with anyhow.
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2013 Camaro 2SS/RS
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