Stocks

So...I'm thinking about investing some stocks at etrade.com for the first time. Anybody do stocks? suggestions? advice?

Go back in time and invest in Apple. :D Or invest now, the iPhone comes out here soon.

-Evan

yeh apple is doing good things.

I think i'm going to start small...say..i dunno, invest a hundred bucks in a few stocks and make it my little "egg"... watch it and see how it goes.

Do you use a company other than etrade?

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Originally Posted by nathanledet

Anybody do stocks? suggestions? advice?

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Buy high, sell low. (Darn this dyslexia!!) :mad: No wonder I'm not rich yet...

First of all single stocks are way to unstable for a small investment. Find a mutual fund that has no fees and no minimum buy in. They are far more stable and are overseen buy an investment manager or management group. Mutual funds spread your money over a wide variety of things from stocks to commodities. Most will pay dividends in the 12% to 24% annual return. That you can then put on D.R.I.P or Direct Reinvestment Procedure.
I would suggest a ROTH IRA for starters the contributions are tax deductible and as long as you don't touch it you never pay taxes on it.

I'll give you an example of a DRIP investment you invest say 1000.00 in Blue Chips Fund. They pay a minimum of 15% Div Apy. This mean that in 1 year you will earn 150.00 that they add to your balance so now you have 1150 that is earning 15%

If you put 1000.00 in an IRA never added to it again and set the DRIP in 50 years when you retire it would be worth $634,726.78.

Here check this out

http://www.daveramsey.com/etc/cms/in...ntContentId=64

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Originally Posted by Freakie_frog

Here check this out

http://www.daveramsey.com/etc/cms/in...ntContentId=64

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Dave Ramsey is da man! :yes: :yes:

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Originally Posted by Freakie_frog

First of all single stocks are way to unstable for a small investment. Find a mutual fund that has no fees and no minimum buy in. They are far more stable and are overseen buy an investment manager or management group. Mutual funds spread your money over a wide variety of things from stocks to commodities. Most will pay dividends in the 12% to 24% annual return. That you can then put on D.R.I.P or Direct Reinvestment Procedure.
I would suggest a ROTH IRA for starters the contributions are tax deductible and as long as you don't touch it you never pay taxes on it.

I'll give you an example of a DRIP investment you invest say 1000.00 in Blue Chips Fund. They pay a minimum of 15% Div Apy. This mean that in 1 year you will earn 150.00 that they add to your balance so now you have 1150 that is earning 15%

If you put 1000.00 in an IRA never added to it again and set the DRIP in 50 years when you retire it would be worth $634,726.78.

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I agree. $100 in one stock isn't a good idea. Plus, online trading companies charge a fee for every purchase and sale of stocks, so if you start with $100, you'll likely have to pay a fee of $12-$15 for the purchase. Now you have $85 worth of stock. If it grows 30% over 3 years, which is unlikely, you will will end up with a stock worth $110.50 after 3 years. Then you pay another $12 or so fee to sell it, and after 3 years and 30% increase in value, you waited 3 years to lose $2.00 :O

Find a good mutual fund and start with $500 - $1,000, and add to it as much as you can. :D

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Originally Posted by Evan Jamison

Go back in time and invest in Apple. :D Or invest now, the iPhone comes out here soon.

-Evan

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I know people who have a lot of shares of Apple, and they are planning on selling most of it the day before the iPhone comes out. I'm not sure why.

I saw a thing about a guy that had like 500,000 shares of microsoft stock back in the mid 80's and sold it when it hit a whopping .75 a share.. Moron.