My favorite investing quote:
“Bulls make money. Bears make money. Pigs get slaughtered. Sheep get sheared and Rabbits get skinned.” Robert Morgan (I think)
My second favorite:
“You’ll never go broke selling too soon.” William O’Neil (I think)
[quote]N. Robinson wrote:
Hey, I am taking a personal finance class this semester and we are doing a stock market game where we pick a stock invest in it and see where it goes. Also I am thinking of buying some for myself. I was wondering what types of stock you guys own or think are good to invest in. I was thinking apple would be ok. Figured I would ask you guys.
N. Robinson[/quote]
For the purposes of the game - it would depend on how long the game is going to last and what the end goal of the game is supposed to be, ie high risk and high returns, low risk steady performance etc.
As far as your personal investments go, that’s a questions you should never ask anyone else.
Perhaps the main purpose of the game is to educate you on stock selection and understanding risk, neither of which will be accomplished by asking others what to choose.
Read, learn, invest in yourself.
If you are looking at investing real money I suggest Helga Inc. The income return in guaranteed at 87.2%pa and expected capital growth is currently forecast at 92.6%.
Minimum investment is $100,000. Please contact me if you want details of where to send the funds for investment
Invest in companies that do defense contracting for the U.S.
If we go to war with Iran, I would suspect that there will be some orders put in pretty soon.
[quote]Helga wrote:
If you are looking at investing real money I suggest Helga Inc. The income return in guaranteed at 87.2%pa and expected capital growth is currently forecast at 92.6%.
Minimum investment is $100,000. Please contact me if you want details of where to send the funds for investment[/quote]
Haven’t seen you ‘round for a while Helga, been hiding or workin’ too hard?
If you are investing in stocks,the worst thing to do is get on the internet and ask people for a “hot tip”.Thats the worst stratagy for anyone,the best thing to do is get a solid education.
I recomend "How to make money in stocks"by William O’Neil and/or the paper Investors Business Daily.The stock market doesn’t care about you’re or my opinion or the so-called experts,its going to do what its gonna do.How to make money in stocks is basically derived from Jessie Livermoore studies,which take into account technical and the emotional aspect of investing.
Anyways,if you are serious about getting a great education in the market,study,don’t come in here chasing the next hot tip or asking what stock we’re investing in.Thats alot like asking Ronnie Coleman how he eats and works out and expecting to become huge.
[quote]Mr ian wrote:
Mutual funds are always good though[/quote]
the millions of workers who lost half their retirment funds during the 00/01 crash might disagree with you.
My IRA leans towards index funds. I may be wrong, but I think this is what you will learn through this exercise.
For a long term investment I think General Electric is a good buy. It’s not going to make you an overnight millionaire but i think it will make you some good money in the long term.
[quote]N. Robinson wrote:
…we are doing a stock market game where we pick a stock invest in it and see where it goes…[/quote]
If you just want to see where it goes, then you can pick almost any stock, because learning why it goes down is as valuable as learning why it goes up. Perhaps more so.
Get a copy of Investors Business Daily as somebody else mentioned. Get the copy on Saturday (which is labelled as Monday’s editions.) Look at the IBD Top 100 which they list in the weekend edition. Pick something from there and watch it. Pick something in an industry you know something about.
The real education is figuring out the psychology of the price movements, because ultimately the market is a psychological game. You’re NOT playing statistics, you’re playing against other people and institutions. For every buyer there must be a seller, and the laws of supply and demand come into play.
Use fundamentals to pick which stocks look like good candidates. Use technicals to decide when to buy them.
AICAF
BRK.B
Air China is a risky play, but I’m taking the chance. As for Berkshire B shares… does Warren Buffet ever do anything wrong?
[quote]singram wrote:
Mr ian wrote:
Mutual funds are always good though
the millions of workers who lost half their retirment funds during the 00/01 crash might disagree with you.
[/quote]
They would have that year, and a few years afterwards. But not anymore, cause its back up over the previous high that year…
There is a risk in anything…
[quote]singram wrote:
Mr ian wrote:
Mutual funds are always good though
the millions of workers who lost half their retirment funds during the 00/01 crash might disagree with you.
[/quote]
[quote]Greekboy80 wrote:
singram wrote:
Mr ian wrote:
Mutual funds are always good though
the millions of workers who lost half their retirment funds during the 00/01 crash might disagree with you.
They would have that year, and a few years afterwards. But not anymore, cause its back up over the previous high that year…[/quote]
Well,that response was to a statement that mutual funds are safe.Nothing is safe,the secret is buying at the right time and selling before it peaks.Mutual funds are flawed and when the market crashes,many people lose most their retirement funds.NOTHING is a safe bet,education is the key.
[quote]Mr ian wrote:
There is a risk in anything…
singram wrote:
Mr ian wrote:
Mutual funds are always good though
the millions of workers who lost half their retirment funds during the 00/01 crash might disagree with you.
[/quote]
Its the ALWAYS in"Mutual funds are always good though"that I had an issue with.
I got in early on some wireless IPO’s and stuff just sky rocketed from there. Alot of benjamins to be made right now with the biotech stuff.
You gotta strike while the iron’s hot.
IPO’s have been prvoen time and time again to crash after the first couple of months throughout history, I hope you sold them off.
[quote]rsg wrote:
IPO’s have been prvoen time and time again to crash after the first couple of months throughout history, I hope you sold them off.[/quote]
Lol. Its from Owen Wilson’s lines in Meet The Parents.
[quote]BartGA wrote:
AICAF
BRK.B
Air China is a risky play, but I’m taking the chance. As for Berkshire B shares… does Warren Buffet ever do anything wrong?[/quote]
That’s quite a variance in stocks. One for pennies and one for $3,500 a share. Good times!