Anybody here invest in stocks?
 

The scene is pretty fucked up right now. Wonder if it's a good time to get in when the stocks are as cheap as they've ever been. May not get another opportunity.

The stock market is bound to go back up sometime once all the scandals blow over. It can't get much worse?

lets hope not...im taking a fucking blood bath out there...but they keep saying the economy is not in that bad of shape...Fridays massacre was basically large universitys and companies with large holdings selling off...they said not to worry...i say it dips another 300-400 points, and then slowly starts to rebound...i give it another two-three weeks. Within a month, i think it should start healing. If not, im fucked :)
actually if this continues for a month I wont have to worry cause i wont have any money left to worry about.

Anyone hear greenspan say the economy and market isnt really doing that bad? Thats because he had to sell all his stocks before he took the job.
-rosey

Damn, I hope it rebounds for your sake!

We've lost so money in the past year, I could cry. Honestly I don't think I will ever be able to invest in it again without giving myself a panic attack.

I would be surprised if the market seriously rebounded before next the year, maybe longer.

Guys and girls, may I just ask: Did you ever make any really good money from your invesments prior to the recent crash?

I don't know very many people who invest in stocks, but from the few that I know, nobody seems to have made anything with it that's worthwhile.

I'm talking making a few thousand dollars on a regular basis, or something around that figure. Anything lower really wouldn't be acceptable, right?

Bobo,

Yup, I've been "involved" in the market for 4 years (since I was 18, when I started making some real money). My first 3 years were EXCELLENT. I made plenty more than a few thousand in the first 3 years and I lost plenty more than just a few thousand in the past year.

Before the recent "crash" I pulled some very good figures...

HOTT Clothing stores - bought it at 22 and rode it to 26.

MSFT Yes Microsoft bought it cheap at 48 in Dec 2000 and rode it to 68.

I pulled everything out of stocks and put it in to bond funds about a year ago. 6 percent interest is a bitch but it beats what would have happened to me if I hadn't. It will be a long long time and a
different more secure market before I put anything in again.

I just bought insurance stocks last friday. First time since 3 years I bought stocks again.

Here's my plan:

If the market drops another 25 %, I will buy more. Drops another 20-30 % from that? Will buy even more. Lots of cash on hand. Never buy loads of stocks on one day with 100 % of your cash.

Look people, it's a bear market since March 2000. Now it's time to collect solid stocks with the averaging technique. This bearish market might very well continue another couple years. But who cares? I know 100 % I will double my cash within 5-7 years.

I bought AOL in 1997, sold in 1999. 18-folded! HAHHAHAAH I LOVE STOCKS!

problem is this

people invest thru brokers, tips from mates or tips from papers and mags


i invest from my own personal research on a business and yeah my portfolio is down right now but only by 2% overall and the reason why is every few years this happens and i knew it was going to have last year in september so i watched carefully and when i saw it all going down i sold my shares and last week
i purchased them all again some companies i held i have doubled my stack in and my worst share i have i end up buying an extra 20% worth so all up right now i am down 2% but once they go back up to normal i'll already be up 20-50%


when shares are down you buy when there up you sell...

also follow the big swinging dicks in the economy they know more then we'll ever know so if they sell there is a reason if they buy so on

an example... on the ASX here in aussie

jerry harvey the most powerful department store tycoon put a takeover bid on rebel sports a sports store.....now mr harvey knows retail business back to front so i got 30k at $.85cents and sold 1 week after the takeover for $1.93 all up my cash was locked up for 3 months as takeovers have alot of paperwork involved etc etc


another example of a bad move is

channel 9 was sold by PBL to a very big tycoon that knew nothing about media......one year later he sold the 1billion dollar network back to PBL again but for only 300million so PBL made $700million and had a year off from looking after the channel 9 network....


also keep away from dot com shit you might as well slap ya money away into a poker machine ....your odds are far better....

instead invest in good stable companys that have assets to reflect the share price....if a company is worth 1billion and its share price is $10 a year yet there assets are only 100million all up then the share is actually only worth $1 and you know the old saying what goes up will come down


another thing to look for is companies that are undervalued because of things like bad media or strikes by employee's

i purchased ORI because it had assets to reflect a $9 per share price yet it was selling for $4.10......i purchase and 6 months later i sold for $8.75 and its now trading at $9.35 i think


so thats it the stock market is like porn if you jump in and think you know it all you'll lose you have to do alot of research to make money


sorry for the speel guys if anyone has any questions they want to ask me i'm happy to answer any i do trading on the side its a good way to keep my business from paying tax yet still making money and its all legal :)

icq 777427


oh and the biggest rule of all dont invest what you cant afford to lose cause hey not everything pays off but the more you know about an investment the better you are at making a wise pick on to buy or sell

i'd put your cash into banks....they are the most secure invest around as they have there hands in everything from national investments to international investments

insurance is one company you may have trouble making good cash on because right now with shit like sept 11th etc insurance companies are finding it hard to make a good profit because law suits are getting bigger and more common....just make sure you invested in an insurance company that doesnt have any ciggie companies as clients ay same goes with airlines and big ass buildings ay....i feel sorry for the insurance company that was covering the wtc....actually nah i dont i feel sorry for the victims the insurance company can go get fucked heheh

its all gravey :)

lost 11k USD in the last 10 months... this sucks big time.

banks? are you talking money market funds or gic's?

best thing to do is look at what your long term goals are and develop a strategy. over the long term a solid mix of stocks will outperform less risky investments.

well...what happened in March 2000 happened once before...in 1929. It took 30 years for stocks to come back to 1929 levels,
and I won't be surprised if we won't see NAZ at 5000 'till the new generation of investors comes in,
the generation which doesn't have the memories of our pains.

that was a unique crash right before the depression. this down market is simply a correction of overvalued and overhyped stocks.

people said the same thing in the late 80's when the market crashed...

Market crashed in 2000,
what we see today is continuation of the trend started 2 + years ago, and we have looong way to go before things get better.

not 30 years, maybe till next year. i wouldn't even expect the nasdaq to reach those highs of a few years ago. there was really no basis for those hefty valuations. companies that looked like they'd go bankrupt before showing a profit were trading at insane levels.

the markets will bounce back soon enough.

If that was all I lost I would be a happy girl right now. This has got to be the sorest subject in the world for me, lol.

Gimme a break man.

Our pains? The market has shown 9 % annual growth since 1982. That's phenomenal.

If you invested SMARTLY you were able to make loads of cash in the last 15 years. Of course, if you look at it short term (1 day - 18 months) you can always lose lots of cash.

You might as well go to Las Vegas and gamble. So don't whine folks, you ask for risk and that's what you get.

nope, it won't...too many people have too much pain memories to jump back

Psychologically, you know a down turn has come to an end when EVERYBODY is saying the market will go down the drain.

Think about it.

Dow Jones is at 11.000. Everybody is invested and talking about how the Dow will rise through the roof.

Dow takes a hit to 9.000. Some people get out. Half of the bunch is thinking "Sure it will come back pretty soon".

Down goes to 8.000. "Everybody" gets out of stocks. People are painting horror scenarios. Market sentiment is at an all time low.

Moral: Only if there are ENOUGH pessimistic players around the market can start another longterm uptrend.

I agree with that whole heartedly...but...I started nibbling in high dividends paying stocks

The market gonna go up after the last bear sells...

only if you expect recovery any time soon:

http://ragingbull.lycos.com/mboard/b...CC&read=142065

MUST READ

they always bounce back. we had a big crash in the 80's, and 10 years later the biggest bull market ever. as soon as we get some visibility on earnings and the economy picks up people will forget and jump back in.

they always do.

Just curious, but does anyone here play with penny stocks? I'm not talking about long term investing, I'm talking about buying some and then selling them a few hours later. I've been doing it as a hobby for a while now but I've never put enough money in to make some real money.

yep used to day trade got bored of it though :) may start up agian no time though

Oh shit ... my bad :(
I thought it said invest in "socks" .... I was all about to tell you guys the fantastic deal I got at Mark's Work Wearhouse a couple weeks ago !!! :thumbsup

investing is a risk.. becareful

ok, see you in 10 years
;-))