Should have picked AIG...
Too late now, or is it...?
Too late now, or is it...?
its not too late for any of them i only have a thousand maybe 1300 to play with and for me to buy a lot of stocks i needed them to be under a dollar which they were, you can still jump in
i would say don't buy after $4 per share(you would need a couple grand tho)
i would say don't buy after $4 per share(you would need a couple grand tho)
fasfocus00
5,000+ posts
doITdaWHITEwayORdoITtwice
i wouldn't buy any stock from any bank or insurance company right not unless you really want to gamble it away. not like siriusxm wasn't a gamble just that they are the only player in that market of satelite radio. AIG will probably get nationalize along with a few other banks, unless some sort of miracle happens.
If I read correctly AIG holds insurance to most of the american morgages. The government CAN'T let them die. If they did then every other bank would go down with them that deals with properties.
I WAS going to jump in at 31cents but chickened out //content.invisioncic.com/y282845/emoticons/frown.gif.a3531fa0534503350665a1e957861287.gif
All the market is these days is a trip to Vegas without the crappy food or pornhandlers on the streets.
I WAS going to jump in at 31cents but chickened out //content.invisioncic.com/y282845/emoticons/frown.gif.a3531fa0534503350665a1e957861287.gif
All the market is these days is a trip to Vegas without the crappy food or pornhandlers on the streets.
but please don't play penny stocks, i know nothing about stocks but i know its better to lose with regular stocks than penny stocks(depends on price)
you need around $5k to play penny stocks to earn 500 a time
we went through this in class on a guy who does penny stocks
you need around $5k to play penny stocks to earn 500 a time
we went through this in class on a guy who does penny stocks
fasfocus00
5,000+ posts
doITdaWHITEwayORdoITtwice
yes they do hold insurance policies but just b/c they have a lot of them doesn't mean that they can't fail. When Allstate stopped honoring insurance for home owners in New Orleans guess what, another company wrote policies for those ppl. so if AIG tanks (unless the gov't takes it over) other companies like State Farm, Allstate, Farmers, etc... will write those policies.
this is where the risk comes in for stocks, no bickering about if they will fail or not
its said that the recession will end this year(don't debate me just saying it might) and the stock market is climbing everyday so far. So buying now would be the best chance to ever make some good green with little money
and plus as obama said, people should be buying stocks cause it could pay off more than ever, and it appears to be true
its said that the recession will end this year(don't debate me just saying it might) and the stock market is climbing everyday so far. So buying now would be the best chance to ever make some good green with little money
and plus as obama said, people should be buying stocks cause it could pay off more than ever, and it appears to be true
- Thread Starter
- #23
thanks for the heads up. why is it that it takes 5k to earn $500 tho? man all this stock stuff is really interesting. It seems like if you play your cards right and make wise decisions you can make a little cash on the side. I may get some books from the library and try to educate myself on the stock market so that i know the basics a little better. I wish i had more money to play around with though. it always takes money to make money...
fasfocus00
5,000+ posts
doITdaWHITEwayORdoITtwice
totally understand about the risk. as for the recession ending this year, that would mean that we would have to be on the up side from last month till the end of the year. and the person that said that is Bernake, who mind you doesn't know squat. He's the same person that said that the first stimulus would prevent what we are going through now than he said that the second stimulus would end all downturns now he's saying that the recession will end at the end of this year. Don't listen to what ppl say but learn about the workings of it than make your decision.
penny stocks are called penny stocks for a reason you need a high amount to add them penny's up when you sell think about it
fasfocus00
5,000+ posts
doITdaWHITEwayORdoITtwice
I'd take $100 and buy some books and $100 to burn first. than see if you want to do something like that.
dont listen to him, go get the books, i too am getting involved and learning this, you will see a thing called dividends and your gona be happy with those //content.invisioncic.com/y282845/emoticons/wink.gif.608e3ea05f1a9f98611af0861652f8fb.gif i believe aig or someone on that list i gave you gave out dividends......hmmm buy a ton of shares for cheap and also get dividends hmmm sound good to me(yea they might stop it but they might not, all risk, but worth it)
fasfocus00
5,000+ posts
doITdaWHITEwayORdoITtwice
dividends are when a company makes money for a quarter of business and the board decides to give a percentage of the value of their stock back to their share holders to either reinvest or to keep. not all stocks pay dividends. btw AIG hasn't given a dividend it over 2 years.
//content.invisioncic.com/y282845/emoticons/laugh.gif.48439b2acf2cfca21620f01e7f77d1e4.gif
AIG got bailed out by the government because they were so far in debt, do you really believe they would be giving out dividends? //content.invisioncic.com/y282845/emoticons/laugh.gif.48439b2acf2cfca21620f01e7f77d1e4.gif
//content.invisioncic.com/y282845/emoticons/fyi.gif.9f1f679348da7204ce960cfc74bca8e0.gif Just about every "penny stock" doesn't pay dividends.
i said aig or someone on my list
f off and please read correctly, i was just giving him an example
f off and please read correctly, i was just giving him an example
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