Day Traders, Guru's, and Stock Market junkies alike...Help Me out... - GoFuckYourself.com

-=HOAX=- · 08-01-2002, 01:04 PM

I'm looking to begin investing in the stock market...but I'm coming into this a little blind.

Please hook me up with some of your favorite resource sites, what are your favorite online trading sites? I need to get some research in and get it fast...I'll take advice, lame remarks, and replies of all types...

The SINGLE thing I know is this...Now is the time to invest...so help me learn how!

JFPdude · 08-01-2002, 01:07 PM

Actually last week was the time to invest

ameritrade.com has an online chat room if you become a customer and there is a wealth of info in there.

Chris R · 08-01-2002, 03:24 PM

Here is my advice:

People have all sorts of advice, but you don't know how much or how well they did.

In my mind there are only two people with PROVEN track records in the stcok market:

Peter Lynch
Warren Buffet

Here is one of Lynch's books:

http://www.amazon.com/exec/obidos/ASIN/0671891634

We know he knows what he is doing as he got about 20% on average over 20 years as manager of magellan

And we know Warren Buffet knows what he is doing as he runs the most expensive stock in the world (never split it).

99.9% of people that talk about the market do not have a PROVEN record. They may CLAIM they do, but lynch's and buffet's are a matter of public record. Other can fudge the figures after the fact - lynch and buffet couldn't.

Oh - and they both say alot of the same stuff.

my 2 cents

DeutschHercules · 08-01-2002, 03:26 PM

You are better off putting all your money in a diversified fund from a broker...

...take it from a guy who put his nest egg in PSInet and Rare Medium...

FATPad · 08-01-2002, 03:28 PM

Quote:

Originally posted by Chris R
Here is my advice:

People have all sorts of advice, but you don't know how much or how well they did.

In my mind there are only two people with PROVEN track records in the stcok market:

Peter Lynch
Warren Buffet

Here is one of Lynch's books:

http://www.amazon.com/exec/obidos/ASIN/0671891634

We know he knows what he is doing as he got about 20% on average over 20 years as manager of magellan

And we know Warren Buffet knows what he is doing as he runs the most expensive stock in the world (never split it).

99.9% of people that talk about the market do not have a PROVEN record. They may CLAIM they do, but lynch's and buffet's are a matter of public record. Other can fudge the figures after the fact - lynch and buffet couldn't.

Oh - and they both say alot of the same stuff.

my 2 cents

Warren Buffet is the man.

salsbury · 08-01-2002, 03:33 PM

buy worldcom a few weeks ago at under 8 cents after hours. sell it at 22 cents a week or so ago.

i'm full of hindsight.

Just the Village Idiot · 08-01-2002, 03:43 PM

Quote:

Originally posted by DeutschHercules
You are better off putting all your money in a diversified fund from a broker...

...take it from a guy who put his nest egg in PSInet and Rare Medium...

-=HOAX=- · 08-01-2002, 03:52 PM

Well I'm young and have a bit of cash to play with...I'm not looking to Play the market...only invest wisely for the longterm and maybe take a FEW risks...I'm reading some books and doing some research on the general dynamics and fundamentals of stock investing...thanks for the link!

Chris R · 08-01-2002, 03:53 PM

I have seen Peter Lynch's books in the bargin bins at Waldens and the like.

If you are looking for long term - he is your man...

Wizzo · 08-01-2002, 04:04 PM

Buy M$ it's a steal right now...

08-01-2002, 01:04 PM	#1
-=HOAX=- Confirmed User Join Date: Dec 2001 Location: CrackYaMental Posts: 4,365	Day Traders, Guru's, and Stock Market junkies alike...Help Me out... I'm looking to begin investing in the stock market...but I'm coming into this a little blind. Please hook me up with some of your favorite resource sites, what are your favorite online trading sites? I need to get some research in and get it fast...I'll take advice, lame remarks, and replies of all types... The SINGLE thing I know is this...Now is the time to invest...so help me learn how! __________________ Insert Value Here.

08-01-2002, 03:26 PM	#4
DeutschHercules Registered User Join Date: Aug 2002 Location: Detroit Posts: 49	You are better off putting all your money in a diversified fund from a broker... ...take it from a guy who put his nest egg in PSInet and Rare Medium... __________________ -Bob When I read about the evils of drinking, I gave up reading.

08-01-2002, 03:33 PM	#6
salsbury Confirmed User Join Date: Feb 2002 Location: Seattle Posts: 1,070	buy worldcom a few weeks ago at under 8 cents after hours. sell it at 22 cents a week or so ago. i'm full of hindsight. __________________

08-01-2002, 03:52 PM	#8
-=HOAX=- Confirmed User Join Date: Dec 2001 Location: CrackYaMental Posts: 4,365	Well I'm young and have a bit of cash to play with...I'm not looking to Play the market...only invest wisely for the longterm and maybe take a FEW risks...I'm reading some books and doing some research on the general dynamics and fundamentals of stock investing...thanks for the link! __________________ Insert Value Here.

08-01-2002, 04:04 PM	#10
Wizzo 2011 GFY Hall of Fame! Industry Role: Join Date: Nov 2000 Location: Back in Texas! Posts: 15,224	Buy M$ it's a steal right now... __________________ Looking for Opportunity!

08-01-2002, 01:07 PM	#2
JFPdude Confirmed User Join Date: Jan 2002 Location: Mountains of Western North Carolina. Posts: 4,027	Actually last week was the time to invest ameritrade.com has an online chat room if you become a customer and there is a wealth of info in there.

08-01-2002, 03:24 PM	#3
Chris R Confirmed User Join Date: May 2001 Location: Baltimore, MD USA Posts: 1,151	Here is my advice: People have all sorts of advice, but you don't know how much or how well they did. In my mind there are only two people with PROVEN track records in the stcok market: Peter Lynch Warren Buffet Here is one of Lynch's books: http://www.amazon.com/exec/obidos/ASIN/0671891634 We know he knows what he is doing as he got about 20% on average over 20 years as manager of magellan And we know Warren Buffet knows what he is doing as he runs the most expensive stock in the world (never split it). 99.9% of people that talk about the market do not have a PROVEN record. They may CLAIM they do, but lynch's and buffet's are a matter of public record. Other can fudge the figures after the fact - lynch and buffet couldn't. Oh - and they both say alot of the same stuff. my 2 cents

08-01-2002, 03:53 PM	#9
Chris R Confirmed User Join Date: May 2001 Location: Baltimore, MD USA Posts: 1,151	I have seen Peter Lynch's books in the bargin bins at Waldens and the like. If you are looking for long term - he is your man...