Thread: Stock Market 2008
October 30th, 2008, 11:22 PM #1Senior Writer
- Join Date
- Oct 2007
Stock Market 2008
October 30th, 2008, 11:51 PM #2
Re: Stock Market 2008
The Stock Market currently resembles a roller coaster but the only way is down in a hurry with no end.
April 2nd, 2010, 02:42 AM #3
I'm curious about how other people are making money from the stock market coz I'd like to also be able to do what they do...one day. But, is there a difference when they say they're investing in stocks and trading in stocks?
April 5th, 2010, 08:39 PM #4
Re: Stock Market 2008
In reviewing the idea of investing in the stock market, Mary T's recent last link covers some of the matters at hand. I do work the stock market and you would want to research stocks and determine when to buy low and sell high. Stories around say never marry your stocks. The article Mary T has indicates stocks are for a longer investment and not usally a quick turn. There are people that "day trade" and they are buying and selling stocks regularily every day trying to out guess the market and make a few dollars after they pay their expenses for stock transactions. Truth, you will see stocks grouped as short and long term. Most of my stocks fall into the long term. I am not day trading. A purchase I made was to buy Bank America at $4 a share and now it is above $15+ a share held it for nine months so far and could make a nice profit selling it (note there are taxes on gains and sales along with write-offs for losses if you have enough income to benefit from the write-offs). I purchased MDU a few years ago and it did a three for one stock split and I sold it. Purchased it back when prices were low. These are the type of things a person can do. In my own experiences mutual funds and full service stock brokers made money off of me. Once I quit mutual funds and fired the stock brokers I was able to make money. Takes work, finding a stock trading service that is low expense and setting aside money you aren't afraid to lose. It is much like going to a Casino with a set amount you can lose. If you win great if you lose "...oh well...". Purchasing stocks, bonds, mutual funds and the like would be better afforded after you have daily living, housing, vehicles and so on covered and NOT as a quick income source because it "... just ain't going to happen...". In my past losses have been huge because I let others manage my money and it is gone today. My fault so I do it and am only able to blame myself. Back to mutual funds... there are good low cost funds out there... you need to find them with the understanding you will not be pulling money out every time something more interesting comes along. View stocks as a long term investment even if you trade them actively. They are not like a bank where you can just grab the funds when you want!!!
April 6th, 2010, 01:18 AM #5
Re: Stock Market 2008
Great post Wanderer. Thank you for that.
I wanted to reach out to everyone interested. I'm working on a section for saving and investing. This new section will be about education in the financial markets, as well as providing basic investing tools, as anyone can see the quotes from the home page. Most of the information and education will not be written by FG, but will be licensed from professional brokerage or investing institutions. Most of the information out there has taken years to publish, and it would be irresponsible for FG to rewrite and claim it. We are not focusing the aim/theme of FG to investing, and are devoted mainly to credit. However, this seems like a good fit while offering our current and future members a place to learn about these markets, and to also broaden the scope of a personal finance site.
I firmly believe that wealth starts first with debt reduction and elimination, and then on to savings and investing. Whether your monthly savings deposit can be $10 or $10,000, that's money you will have for your future, and can work for you while you make your plans for better things in life.
Financial markets can be equities (stocks), bonds, IRA's, money market accounts, commodities, or even lean hogs (yes, you can trade the price of lean hogs in the stock market).
I am not creating this as a reason to invest in the stock market by any means - or in any other market for that matter. We're not advisers, and we will never play that role. If you have been invested and have made money such as Wanderer, congratulations. If not, then this may be a good place to start learning. I plan on providing beginner to advanced investing sections, where we can post comments on sections. In all hopes, at least the beta version will be complete by the end of the April.
In summary, this is what I have planned:
1) Portfolios: with all the functionality you see on major portfolio sites, like Yahoo and Google
2) Learning Center: Beginner to advanced topics. Sections that really explain what things are, such as options and other protection mechanisms, "like calls, puts, strike price, stop loss, etc". Fundamental and technical analysis, etc.
3) Community: Any member can post about nearly anything here. From the learning center to individual equities.
Of course, this will all be free of charge, like everything else here.
April 16th, 2010, 10:01 PM #6
April 16th, 2010, 10:02 PM #7