who here plays the stock market?

[Flipx99 5,000+ posts]

i just bought 500 worth of delta airlines stock... was tould it's smart ???? hope so...

Hopefully not the shares trading for pennies. You do know they will be worthless soon.

 

[scarolina 10+ year member]

I have long term in mutual funds, some in the china stock market( cant remember the proper name for it) and some short term

 

[Flipx99 5,000+ posts]

Wouldn't trust brokers????
Its our job to make you money, do the leg work & research, and keep you happy for referals and repeat business.

Who do you trust the media? Money Mag? all of which are a day late or a month late in getting you information.

I trust 10-k reports, 10-q reports, asking people that work there, etc. I conduct my own due dilligence and I know far better than some HS punk without any kind of real training about my person indifference curve. I had a broker and he wasn't sure and told me it wasn't important.

Broker's that say "There is no need to put your money in a NLTF fund. You want your manager to earn his money"....

How do you feel about MPT, fine broker. Do you explain it to your clients, or just pick the best FL fund around?

 

[scarolina 10+ year member]

I have heard a 6/10 success rate from brokers, you on the other hand might be true and good, but alot are not, thats why a econ class can be one of the best things to ever take in school. For the average person brokers are good. But if you study and know your stuff, from what i have seen it yields better research. And i know someone is going to see my age and say you dont know anything, And i still have alot to learn with some technicalities, but i am far from ignorant on the subject

 

[Flipx99 5,000+ posts]

I have long term in mutual funds, some in the china stock market( cant remember the proper name for it) and some short term

Mine is based on timelines.

Much of my 401(k) / is locked in generic growth funds.

My roth Ira is in some more risky emerging markets, contrarian, small cap.

My middle term (1-3) years, I play ETF sectors.

My short term (1-2) months, I play options.

My longer term positions do much better than my options trading positions. But that goes with the risk territory. I am getting my strategy more centralized and learning to cut losses earlier. It is still quite a ride.

 

[Flipx99 5,000+ posts]

I have heard a 6/10 success rate from brokers, you on the other hand might be true and good, but alot are not, thats why a econ class can be one of the best things to ever take in school. For the average person brokers are good. But if you study and know your stuff, from what i have seen it yields better research. And i know someone is going to see my age and say you dont know anything, And i still have alot to learn with some technicalities, but i am far from ignorant on the subject

For the average person, a life-cycle fund with their target date is good enough. They can tell a broker to take a hike.

If they want better returns, they can either sector/cap weigth (like I do) or they can pay someone else to get them in a bunch of flim/flam funds.

If you can't tell, I too was tricked by a broker.

 

[scarolina 10+ year member]

I like playing the market it was the only thing i actually was good at in school. Thats also the only thing i still care about learning about. Because i still have alot to learn with options, bond rating rises, etc. I still say the best thing is compound interest.

 

[Flipx99 5,000+ posts]

I like playing the market it was the only thing i actually was good at in school. Thats also the only thing i still care about learning about. Because i still have alot to learn with options, bond rating rises, etc. I still say the best thing is compound interest.

Einstein called it the 8th wonder of the world and IIRC, Newton made it easy to calculate.

I will be back later for additional comments.

 

[scarolina 10+ year member]

when the tech stocks went down in like 2000, my parents old broker, and about 4 others, told them to buy in while everyone is selling, and they went from 5000 to 320 or something like that, thats one of the reasons why i wan tto educate myself even more. Of course my econ teacher made like 2 mil. off of that crap

 

[mrogowski 5,000+ posts]

Can a person buy stock in Chinese firms?

 

[scarolina 10+ year member]

Im pretty sure but i still dont know shit about foriegn markets

 

[PurposeSoap 10+ year member]

sold off DNDN at 20.. just in time to see that ***** sell off fast

 

[mrogowski 5,000+ posts]

Just curious. I have a hunch something quite big is going to happen there soon..

 

[scarolina 10+ year member]

If you bought in mid march, you should have made some good profits, im still really interested in gti check out the last 6 months

 

[meinbeast 10+ year member]

I trust 10-k reports, 10-q reports, asking people that work there, etc. I conduct my own due diligence and I know far better than some HS punk without any kind of real training about my person indifference curve. I had a broker and he wasn't sure and told me it wasn't important.
Broker's that say "There is no need to put your money in a NLTF fund. You want your manager to earn his money"....

How do you feel about MPT, fine broker. Do you explain it to your clients, or just pick the best FL fund around?

You were missing my point.

You can read reports till your eyes bleed, good for you.

The point I was making is that the average investor doesn't know what the hell to look for in a 10-k 10-q whatever have you. Which is why you hire others, who are licensed and certified to do it for you. Its their job.