I want to jump in w/ stocks.. but I'm so new.. anyone know where I can start to read up so I can understand the jargon on places like etrade and stuff??
Thanks,
-x-
Thanks,
-x-
Newbie to the Stock Market
- Thread starter VBNSX
- Start date
Don't wast your time find a good stock broker.VBNSX said:
what type of fees and charges are done investing with a stock broker?
thanks for your response,
-x-
thanks for your response,
-x-
For starters look at the different markets and decide exactly which market best suits you. I would recommend looking into Equities (stocks) and futures. Check out http://www.cme.com for detailed info on the electronically traded mini index futures. I know some people who do very well with the e-minies. As far as brokers go, definitely open an acct. with a direct-access broker. Places like Ameritrade, etc. are not fast enough. On the other hand, Cyber Trader, TradeStation, or Interactive Brokers would work nicely.
Hope that at least gets you going. I have some basic knowledge of the market.
-Awais
Hope that at least gets you going. I have some basic knowledge of the market.
-Awais
Here's some other sites/resources for you to check out...
http://www.fool.com/
http://www.morningstar.com/
If you're really new to investing you should also look at other investment vehicles as well. At one time the stock market used to be a no-brainer. Now it's a bit more problematic and dicey. I'm not saying to avoid the market, just be cognizant of the alternatives.
Many colleges and schools have seminars and evening classes for beginning investors.
You may also wish to read a few books...
http://www.amazon.com/exec/obidos/t...t_1/104-7445077-9206360?v=glance&s=books&st=*
http://www.amazon.com/exec/obidos/t...=sr_1_24/104-7445077-9206360?v=glance&s=books
Another idea would be to consider funds instead of individual stocks. Fund managers (good ones, anyway) spend their lives studying which companies and entities in which to invest. It might be wise to start your learning process now, but in the meantime, choose several funds to start off with.
-Jim
http://www.fool.com/
http://www.morningstar.com/
If you're really new to investing you should also look at other investment vehicles as well. At one time the stock market used to be a no-brainer. Now it's a bit more problematic and dicey. I'm not saying to avoid the market, just be cognizant of the alternatives.
Many colleges and schools have seminars and evening classes for beginning investors.
You may also wish to read a few books...
http://www.amazon.com/exec/obidos/t...t_1/104-7445077-9206360?v=glance&s=books&st=*
http://www.amazon.com/exec/obidos/t...=sr_1_24/104-7445077-9206360?v=glance&s=books
Another idea would be to consider funds instead of individual stocks. Fund managers (good ones, anyway) spend their lives studying which companies and entities in which to invest. It might be wise to start your learning process now, but in the meantime, choose several funds to start off with.
-Jim
I can recommend a few books but first need to know whether you want to "invest" or trade.
Be carefull what you do
I do this for a living with a "major wirehouse", and just like with any professional, you get what you pay for. I have no problem paying the professionals that I utilize for their time/advice/expertise. I have had significant health issues over the past 13 years, and never would I seek out a"discount MD". Nor would I attempt to diagnose or treat myself. Education is key, read as much as you can, become an informed investor. I tell all of my clients that there are no stupid questions when it comes to money, just stupid answers. Read a book by Ben Graham, the father of value investing, read the book by Peter Lynch "One up on Wall Street", and then find a professional to help you. Use diversification, and don't chase the hot sector. Invest for the long term, but don't be afraid to take short term profits, or losses. Keep your losses small, be disciplined, and don't be a pig. You're young (I checked your profile), start now, and you'll do well over the long term
I do this for a living with a "major wirehouse", and just like with any professional, you get what you pay for. I have no problem paying the professionals that I utilize for their time/advice/expertise. I have had significant health issues over the past 13 years, and never would I seek out a"discount MD". Nor would I attempt to diagnose or treat myself. Education is key, read as much as you can, become an informed investor. I tell all of my clients that there are no stupid questions when it comes to money, just stupid answers. Read a book by Ben Graham, the father of value investing, read the book by Peter Lynch "One up on Wall Street", and then find a professional to help you. Use diversification, and don't chase the hot sector. Invest for the long term, but don't be afraid to take short term profits, or losses. Keep your losses small, be disciplined, and don't be a pig. You're young (I checked your profile), start now, and you'll do well over the long term
Invest in what you know. I am in the medical field and have done very well in the market even with the recession. The only time I have gotten bit in the A** was when I listened to a broker (Einstein Bagel- yeah they went belly up as did Syquest). I am not saying that brokers aren't helpful, I am saying that regardless of their advice, you should have an idea of the company as well as the business model.
Tim
Tim
Don't listen to me and you'll do fine 
All I can say is that I'm glad I bought my NSX when I did...kept a good chunk of change that I would have invested out of the stock market. My stock investments haven't fared too well, even my mutual fund picks in my 401k have been doing terrible.
All I can say is that I'm glad I bought my NSX when I did...kept a good chunk of change that I would have invested out of the stock market. My stock investments haven't fared too well, even my mutual fund picks in my 401k have been doing terrible.
Wow.. lots of info....
You guys are great... so I don't have ALL the time in the world.. but I do have some time to read... I've been reading as much as I can so far about the market... I figure I'd invest into some mutual funds for my long term and then also do a few IPO's and other companies to see how I do in the short run.
All the information is GREAT... if there's anyone else that have more to say all is appreciated..
thanks,
-x-
You guys are great... so I don't have ALL the time in the world.. but I do have some time to read... I've been reading as much as I can so far about the market... I figure I'd invest into some mutual funds for my long term and then also do a few IPO's and other companies to see how I do in the short run.
All the information is GREAT... if there's anyone else that have more to say all is appreciated..
thanks,
-x-
So, you're a long-term investor?
I would say a long term/doesn't mind taking risk for the short term type person..
-x-
-x-
If you invest any great deal of money in any one individual stock it would be advisable to sell covered calls on that investment.
There are also some great ways to play options, strangles, straddles, butterfly. Many of these option plays can guarantee minimum loss with a fairly good upside gain. Read everything you can with your spare time, very important. The reading should consist of not only the company news and reports but anything you need to read to understand the reports.
I am currently long icos, msft, glw, csco, and some others. I have out of the money covered calls on all my positions except icos. icos took a huge crap a few weeks back and I sold in the money calls to catch my loss.
I am currently short FNM, lea, and F.
I currently have a few option plays out there as well. Bought icos calls a few months out to pay back the in the money calls should icos go up and I want my rights back.
I am by no means making any recommendations by posting this info but would enjoy hearing from anyone who has any of these positions in their portfolio.
There are also some great ways to play options, strangles, straddles, butterfly. Many of these option plays can guarantee minimum loss with a fairly good upside gain. Read everything you can with your spare time, very important. The reading should consist of not only the company news and reports but anything you need to read to understand the reports.
I am currently long icos, msft, glw, csco, and some others. I have out of the money covered calls on all my positions except icos. icos took a huge crap a few weeks back and I sold in the money calls to catch my loss.
I am currently short FNM, lea, and F.
I currently have a few option plays out there as well. Bought icos calls a few months out to pay back the in the money calls should icos go up and I want my rights back.
I am by no means making any recommendations by posting this info but would enjoy hearing from anyone who has any of these positions in their portfolio.
I bought stock in a water company that was the supplier for our local football team. I figured it was a no brainer. Well, the team promptly changed vendors and the stock went from $3.00 per share to $.05 almost instantly. I won't do that again.
ICOS and CSCO look pretty good from here.
Not sure about MSFT. May drop more before it goes up.
GLW, not much upside IMHO, but then again it's a pretty low-priced stock.
Shorting Ford huh? Not a Mustang fan?
-Awais
Not sure about MSFT. May drop more before it goes up.
GLW, not much upside IMHO, but then again it's a pretty low-priced stock.
Shorting Ford huh? Not a Mustang fan?
-Awais
ICOS and CSCO look pretty good from here.
Do you follow Icos. Too bad they decided to report forward projections for the first time ever this quarter. I would like to now how they can estimate spending without also estimating income? Cialis will be the drug of choice IMO.
Not sure about MSFT. May drop more before it goes up.
I have been selling calls on this for a few months now and have my cost basis under 20 at this point.
GLW, not much upside IMHO, but then again it's a pretty low-priced stock.
Makes it a great candidate for selling calls. I love these ones that trade sideways.
Shorting Ford huh? Not a Mustang fan?
It is the management, low financing, and discounts that makes me not a fan of Ford. The profit margins are suffering from all the discounts and deals on financing that are out there now. I really wonder what is going to bring in the customer when these plans are no longer in place? At some point the car makers are going to have to bite the bullet and stop offering these deals to the customer. When they do sales will slow dramatically.
Do you follow Icos. Too bad they decided to report forward projections for the first time ever this quarter. I would like to now how they can estimate spending without also estimating income? Cialis will be the drug of choice IMO.
Not sure about MSFT. May drop more before it goes up.
I have been selling calls on this for a few months now and have my cost basis under 20 at this point.
GLW, not much upside IMHO, but then again it's a pretty low-priced stock.
Makes it a great candidate for selling calls. I love these ones that trade sideways.
Shorting Ford huh? Not a Mustang fan?
It is the management, low financing, and discounts that makes me not a fan of Ford. The profit margins are suffering from all the discounts and deals on financing that are out there now. I really wonder what is going to bring in the customer when these plans are no longer in place? At some point the car makers are going to have to bite the bullet and stop offering these deals to the customer. When they do sales will slow dramatically.
Steve,
I don't follow ICOS but I may buy some calls on it now that you mentioned it in this thread
On MSFT, with a cost basis of less than $20, you have nothing to worry about.
You just selling OTM calls on GLW further reducing your cost basis on this position? Nice way to bring in some free money.
-Awais
I don't follow ICOS but I may buy some calls on it now that you mentioned it in this thread
On MSFT, with a cost basis of less than $20, you have nothing to worry about.
You just selling OTM calls on GLW further reducing your cost basis on this position? Nice way to bring in some free money.
-Awais
To me, it seems like you would need a relatively large position to actually make decent cash from selling OTM calls. Your thoughts on this?steveny said:
To me, it seems like you would need a relatively large position to actually make decent cash from selling OTM calls. Your thoughts on this?
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Depends on the definition of large. My profits each month from the calls have gone down since it has crossed the 7.50 mark and the next strike is 10. For this reason I am selling out two to three months now.
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Depends on the definition of large. My profits each month from the calls have gone down since it has crossed the 7.50 mark and the next strike is 10. For this reason I am selling out two to three months now.
Gotcha. Just getting more time premium out of it. Nice. Btw, you watching the market today?steveny said:
Btw, you watching the market today?
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I watch every minute of everyday its open. Good day for icos, csco and glw. Bad day for fnm but good for me.
It seems lea, f has some more fat to put on.
CAT is sure getting expensive.
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I watch every minute of everyday its open. Good day for icos, csco and glw. Bad day for fnm but good for me.
It seems lea, f has some more fat to put on.
CAT is sure getting expensive.
Most people playing the market has had their ass bitten a few times,but the most money I have ever made in stocksover a short period of time came from my broker with Raymond James.She suggested I buy ILXO at $4.00. I purchased 2000 shares sold 4 month later at $20.00. Being in the medical field you should have some inside scoop new products.jorligan said:
steveny said:
I could understand why one with a large long position may want to purchase some puts, but I never have understood why one would want to write covered calls. Can you please explain why? I'm scratching my head.
BTW, VBNSX - listen to Jimbo; IMHO, he's given the best advice in this thread. You don't need to read about options if you're starting to learn about investing.
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