Buying and selling stock?

[Sako7STW]

I have been thinking about putting some money into the market. I know that sounds crazy right now. I have been watching a stock for the past several weeks, (actually 2-3 years now) and I think I could make some porfit off of it. It has been fluctuating between $25 and $35. I have wondered if I was to buy when its at $25, say $18K worth (720 shares) and then sell at $35 which would be $25,200 which is a net of $7200 minus trade costs. Then wait till it swings low again and repeat with the same $18K. I am not sure though if that is how it works and if it is, how to go about doing it. I looked at E-trade but I dont know, seamed rather complicated. I am not looking at this as long term as I have other investments for that, this is something just to earn a few extra bucks to get some small nagging debts paid off.

I was reading Rich Dad/Poor Dad and one of the things he does is he uses the 0% interest deals that come on the credit cards. Take the "free Money" and invest then pay off before the 0% interest ends. I have one of those deals right now available. Risky I know but anything is a risk and I can cover the 18K if I need to so really its a marginal risk. I feel 100% confident in the stock I have been watching and feel it could be profitable move????

 

[arctic matt]

The part of the market that looks like it is booming right now looks to be guns and ammo. I don't profess to know a whole lot about the stock market at all, but from the sounds of things, that would have been something to get into right before the elections. The effect that Obama ( and libs) are having on that industry looks to be pretty amazing from my uneducated point of view

 

[Nate]

The part of the market that looks like it is booming right now looks to be guns and ammo. I don't profess to know a whole lot about the stock market at all, but from the sounds of things, that would have been something to get into right before the elections. The effect that Obama ( and libs) are having on that industry looks to be pretty amazing from my uneducated point of view

from an educated point of view and being in the business of guns and ammo and it is booming, rather amazingly

 

[slednutz]

I'd say if you have no experience I would defienently put my money into the hands of somebody who knows what they are doing. It is not always as simple as you would think.

 

[Sako7STW]

Thats what I am thinking. It goes back to the old saying "If it seams to good to be true, then it probably is." BUT then again, I had a boss a few jobs back that his wife made thier retirement by doing this sort of thing. I remember one day he said she made 70K then the next she lost 50K of it. So I am thinking thats how the game works. I am pretty confident in the idea, I just need to figure out how to actually buy and sell. Plus I need to figure out how the taxes work on this sort of thing.

 

[Blu Du]

a real big wheel in the stock market suggested ford stock to me the other day.

 

[Oh Crap!]

The part of the market that looks like it is booming right now looks to be guns and ammo. I don't profess to know a whole lot about the stock market at all, but from the sounds of things, that would have been something to get into right before the elections. The effect that Obama ( and libs) are having on that industry looks to be pretty amazing from my uneducated point of view

Not sure about ammo mfg companies, but I can't think of a single gun mfg. company that is publicly traded. You may have to look at companies like Cabella's or some sporting goods chain that sells that stuff. They should show some good profit this quarter.

As far as the market goes, I think it will rally at some point. Hopefully it will bounce back and climb. Depends on what Obama does. If he raises taxes on big industry like he said he was, and tries to re-distribute the wealth of America, then buy gold.

Gold and silver coins will do well in the triple digit inflation we would experience if he tries someting like that. In fact, gold and silver coins will be the only thing worth a damn. Paper will be good for TP and thats about it.

 

[Oh Crap!]

Thats what I am thinking. It goes back to the old saying "If it seams to good to be true, then it probably is." BUT then again, I had a boss a few jobs back that his wife made thier retirement by doing this sort of thing. I remember one day he said she made 70K then the next she lost 50K of it. So I am thinking thats how the game works. I am pretty confident in the idea, I just need to figure out how to actually buy and sell. Plus I need to figure out how the taxes work on this sort of thing.

Lots of companies out there. Scottrade, Ameritrade, Chuck Schwab. They all hve differnt rates for buying and selling, but it's cheap.. less than $10 per trade typically.

You will have to pay capital gains, unless you are doing this within a qualified program such as 401k or IRA. But 401k and IRA plans are typically in mut. funds, not individual stocks. There may be a company that has a program to let you have that kind of control so check around, and good luck.

And one other thing, don't use money you can't afford to loose. If you need it, keep it in a safe. Figure out how much risk you can handle and stay with that plan.

I have heard other talk about Ford as well. They may not be as bad off as they would have you believe. And if they get any support from the Fed, they will be a climber in a rebounding economy.

 

[ouch]

the stock market is like the casino, dont put money on the table if your going to be hurting if you loose it. If you can loose it and it wouldn't be a big deal put it in, play around.

 

[Fosgate]

AMMO COMPANIES!??? why would you buy anything that is going for a premium. Buy the stuff that is on sale (stuff that is in the crapper). But like someone else said, go see a pro. Try to predict what the market will be for the long haul and buy into something when you think it won't get any cheaper. I don't have a series 7 for investments but I do carry a Series 6 & 63 and I professionally I can tell you to go see a pro to meet or exceed expectations.

 

[Backcountry]

Credit card arbitrage isnt something I would mess with. The risk is extremely high and given some of the turmoil in the current credit market- the days of 0% roll-overs may very well go away and you're left holding the bag. It requires assumption of considerable risk. You have to carry a VERY high balance to make any money at it- if you are carrying a $50K balance you are likley only going to make $2500 profit per year from it.

If you can find the right broker- they can help make you some money- but IMO there are also some who are more concerned with making their commish to get paid before you get paid. There are many resources on the net like Motley Fool and Mad Mike you can get some ideas from to invest in. Others here have had sage advice in that dont invest anything you cant stand to lose.

 

[phatty]

Credit card arbitrage isnt something I would mess with. The risk is extremely high and given some of the turmoil in the current credit market- the days of 0% roll-overs may very well go away and you're left holding the bag. It requires assumption of considerable risk. You have to carry a VERY high balance to make any money at it- if you are carrying a $50K balance you are likley only going to make $2500 profit per year from it.

If you can find the right broker- they can help make you some money- but IMO there are also some who are more concerned with making their commish to get paid before you get paid. There are many resources on the net like Motley Fool and Mad Mike you can get some ideas from to invest in. Others here have had sage advice in that dont invest anything you cant stand to lose.

I disagree about the 0% making profit. Maybe were thinking along the same lines, but the idea is that you dont lose money to interest, not use it to make profit. Borrow money for free? LMAO... someone is paying for it...

Sounds to me like homeboy has a 0% credit card that he can purchase 10k worth of stock on. While his real 10K is sitting in a money market or 6 month CD or something earning money as well. I would only use the 0% card to do this if as stated 1) you can afford to lose the money, 2) you have sufficient funds to pay off the balance of the 0% at anytime. even if you only make $500 in 6 months your still ahead...

If your gonna try online investing on your own, i would recommend scotttrade.com and just start with the minimum $500 until your comfortable with the software and market. Once you have somewhat of an idea of what your doing, then maybe try moving up to 2K or so. Otherwise i might suggest laying it all on red in vegas, you will probably get about the same result!

 

[Skogen]

Lots of companies have brokerage services. I have used scottrade myself and liked it. I moved my portfolio to a bank's services that allows me to do the same thing with 100 free trades.

Do not invest more then you can loose. And my biggest advice is to not get greedy. Sometimes taking the money and running pays in the end.

 

[GODEEP]

I dont wanna be an idiot and tell you to risk 5K on (siri) Sirius XM radio, but I did. @ .15cents a share..

I think will go back to a $3+ stock in a few years if they can get thier chit together. S&P says buy. anyhow that measly $5K would be $93,750 if that happens.

btw, I have used etrade for 8 years.. I love it.

 

[Jeff C]

I have been thinking about putting some money into the market. I know that sounds crazy right now. I have been watching a stock for the past several weeks, (actually 2-3 years now) and I think I could make some porfit off of it. It has been fluctuating between $25 and $35. I have wondered if I was to buy when its at $25, say $18K worth (720 shares) and then sell at $35 which would be $25,200 which is a net of $7200 minus trade costs. Then wait till it swings low again and repeat with the same $18K. I am not sure though if that is how it works and if it is, how to go about doing it. I looked at E-trade but I dont know, seamed rather complicated. I am not looking at this as long term as I have other investments for that, this is something just to earn a few extra bucks to get some small nagging debts paid off.

I was reading Rich Dad/Poor Dad and one of the things he does is he uses the 0% interest deals that come on the credit cards. Take the "free Money" and invest then pay off before the 0% interest ends. I have one of those deals right now available. Risky I know but anything is a risk and I can cover the 18K if I need to so really its a marginal risk. I feel 100% confident in the stock I have been watching and feel it could be profitable move????

I have been trading Wells Fargo, which could be the stock you have referenced above.

It drops to $21-22 then takes off for awhile, jumps to $27-31` then drops again.........


It has been a fun ride for a change

 

[Sako7STW]

I disagree about the 0% making profit. Maybe were thinking along the same lines, but the idea is that you dont lose money to interest, not use it to make profit. Borrow money for free? LMAO... someone is paying for it...

Sounds to me like homeboy has a 0% credit card that he can purchase 10k worth of stock on. While his real 10K is sitting in a money market or 6 month CD or something earning money as well. I would only use the 0% card to do this if as stated 1) you can afford to lose the money, 2) you have sufficient funds to pay off the balance of the 0% at anytime. even if you only make $500 in 6 months your still ahead...

If your gonna try online investing on your own, i would recommend scotttrade.com and just start with the minimum $500 until your comfortable with the software and market. Once you have somewhat of an idea of what your doing, then maybe try moving up to 2K or so. Otherwise i might suggest laying it all on red in vegas, you will probably get about the same result!

Yes, I have a zero percent credit card. Well it's zero percent for 9 months at a time. The idea is you are getting money to put in the market for short term that your not payng interest on. Use these money's to make money by trading and when your Zero percent is close to being done you pull the money and pay it off.

 

[GODEEP]

I'd sure like to know enough to be a day trader. I am 100% in it for a few years if not longer. I have a bud that has made an avg. of 10% on his money a week for the past month. He is making a killing right now.

Recent stocks i have bought to risk a bit on for the future are below. I bought all of these very close to if not at thier lows. How do you pros feel about these picks for the long haul?

XOM
SIRI
SKS
GM
F
C
BAC
EBAY
FNM
AXP
GE

 

[Jeff C]

"Stocks for the long haul"

I don't think there are any longer "Long haul" stocks.

I think the market has fundamentally changed in that regard.

I think it will take more research on any given stock, and you will almost have to hit these stocks at the right time.

I think the days of holding IBM, GE, etc for long periods of time are over (Unless they pay dividends)

On the stocks that I am buying and holding, I am purchasing stocks that pay dividends.

Wells Fargo is one of those stocks, that even in the worst part of the financial crisis paid a dividend. Wells did not get caught up in most of the subprime issues, and is conservatively run as compared to most of the others.

When the financials get beat up, Wells takes much less of a hit, and alot of the time it will rise when the whole sector falls.

 

[Skogen]

I have been trading Wells Fargo, which could be the stock you have referenced above.

It drops to $21-22 then takes off for awhile, jumps to $27-31` then drops again.........


It has been a fun ride for a change

X2.. F, BAC are also ones that I watch alot.

 

[Jeff C]

Royal Bank of Scotland (RBS) has been a challenge for me.

Stock dipped so low, they did a 20:1 reverse split to get the price back up.

Bank os government owned, and will not go under, and it has very interesting upside.

I took a small position in this one as well, and I am holding it. We shall see where this one goes.............