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Stock-Age: Stocks, Options and Dividends oh my!
- Thread starter koam
- Start date
painey said:I managed to sell my TTWO shares today
I invested £1,000;
bought:
100 @ $14.38
55 @ $12.44
sold:
155 @ $16.14
Total after all commission charges, and most importantly, currency conversion:
£1,239.21
23.92% profit, in 1 month, 3 days. Im delightedMy first trades ever.
Nice.
Feds are going to make their announcements tomorrow, i expect a huge drop in the Dow tomorrow.
Can someone quickly get me the price of NTDOY (not using the pink sheets site, that's 15 min delayed)?
Selling off everything today, i got huge spikes, 5% and 12%. My new account is active tomorrow.
also, does anyone know when Q3's financials come out?
P.S I was wrong about the drop, which is good cause it's letting me sell today
Selling off everything today, i got huge spikes, 5% and 12%. My new account is active tomorrow.
also, does anyone know when Q3's financials come out?
P.S I was wrong about the drop, which is good cause it's letting me sell today
Forgotten Ancient
Banned
I share the same questions as Cloudy.
I follow my 401(k) pretty closely (made $811.19 just today!), but I'm starting to get too much into my savings account and I feel comfortable testing the waters with a grand or two. Is it worth it to buy stocks with that amount of money? Where should I go to start? I want to get more involved in this stuff, even if I could potentially lose a chunk of change in the learning process.
I follow my 401(k) pretty closely (made $811.19 just today!), but I'm starting to get too much into my savings account and I feel comfortable testing the waters with a grand or two. Is it worth it to buy stocks with that amount of money? Where should I go to start? I want to get more involved in this stuff, even if I could potentially lose a chunk of change in the learning process.
This might not be a popular opinion but I suggest buying a book or two first. Here's a great one to get started with and might be the only one you need to begin being successful.
http://www.amazon.com/dp/0471225347/?tag=neogaf0e-20
It's much more prudent to spend $50 and take your time rather than jumping in feet first with all your clothes on.
http://www.amazon.com/dp/0471225347/?tag=neogaf0e-20
It's much more prudent to spend $50 and take your time rather than jumping in feet first with all your clothes on.
Forgotten Ancient
Banned
mrWalrus said:
Sounds like a pretty good idea. I read a lot of reports on the market nearly everyday, but I don't have a firm grasp on how to get involved. Kind of like following baseball statistics without knowing how to hit a fastball.
Maxwell House
Member
Cheapest place if you plan to invest with margins is Interactive Brokers. Their commission is .005 per share, and they have easily the best interest rate on margins in the business.Cloudy said:
Maxwell House
Member
BTW, for the people buying and selling short term, do you realize that any profit you make will be added to your income for tax purposes if you sell a stock while holding it for less than a year?
If a stock is sold for profit while being held at least 12 months, it is only taxed at the flat capital gains rate of 15%. Short term, added to your income, most people are looking at a tax rate of 28-33% since the profit is added on top of your salary.
If a stock is sold for profit while being held at least 12 months, it is only taxed at the flat capital gains rate of 15%. Short term, added to your income, most people are looking at a tax rate of 28-33% since the profit is added on top of your salary.
Maxwell House
Member
Why are you selling though, after the fed just dropped the rate by 50 points? Historically, the market has gone up an average of 12.5% in the six months following a drop like todays.koam said:Can someone quickly get me the price of NTDOY (not using the pink sheets site, that's 15 min delayed)?
Selling off everything today, i got huge spikes, 5% and 12%. My new account is active tomorrow.
also, does anyone know when Q3's financials come out?
P.S I was wrong about the drop, which is good cause it's letting me sell today
mr stroke
Member
mr stroke said:
Sounds like the Feds are taking the possibility of a large recession very seriously. If this fails, I agree with sonarret...a very bad recession would occur.
I'm just not comfortable with the idea that the stock shoots up as a result of people able to get into debt easier. It's really not a long term solution. We're in a 1920s mentality almost.
If we do have another crash, I'm sure someone will blame it on capitalism or some nonsense. The Federal Reserve needs to stop encouraging debt, and stop inflating our money by printing it all the damn time.
mikeybwright
Banned
What would be the best route for me to go to get like 10 shares of something like Ford (yes i know how low it is)? I'm just entering my second year at university, and I want to start building a portfolio (i live in the US). Any advice would be great
Maxwell House said:
Because my account is getting canned since i'm opening a new account elsewhere. The transfer fee is $50 so i'd rather just sell since i don't have many shares. I buy and sell short term only. I average out to a bit over $100 a day in profit on top of my salary. With the new account, i'll be make $46 more per trade thanks to the low commision so that should bump my daily average to about $140. I'm aiming to make $150 daily by year end.
mikeybwright said:
Buy value stock among these:
http://money.cnn.com/2007/01/17/magazines/fortune/bestcompanies_performance/
mikeybwright said:
10 shares? That's like $85 total. You're never going to make money off that, you need a lot more than 10 shares, especially considering the cost of transactions. Go with at least 100, if you can't afford that (har har afford) get 50 shares.
You should realize that stocks under $10 aren't very volatile so you're going to keep those shares for a really really long time before you make a decent amount of money.
Maxwell House
Member
Ouch, you are short term selling with that little? Commissions and taxes are going to eat up your profits, IMO.koam said:PANL is awesome, bought them at $14.98 at this time yesterday, they're at $16.74 right now.
Currently, i'm up $300 with my holdings. Which isn't bad considering that 2 of them are brand new and the other two weren't so hot last week.
Overall
Initial investment: $6000.
Current Worth: $7500.
First investment: April 2007.
Change: +25%
Maxwell House
Member
Yes, but short term trading, your profits will be added to your income, which means a hefty tax rate.koam said:
Capital gains on long term trades is only 15%.
If you want a much cheaper broker, go to www.interactivebrokers.com. It is only .005 per share per trade. Buying 200 shares would cost you $1.
Maxwell House
Member
Well good luck.koam said:
koam said:
Your investment is going to need to gain over 25% (plus any trading fees) in under a year just to break even. :lol Good luck with that. It just doesn't sound worth the high risk to me. You would be much better off settling for growth mutual funds and hanging onto them for a while. While not as "exciting" it's much more safe, and more likely to gain you more of a profit.
http://www.travismorien.com/FAQ/trading/futradersuccess.htm
Also a fascinating point...
bggrthnjsus
Member
i've got a question for all you stock types...so this fed rate cut is responsible for a lot of the big gains today...how long can we expect those gains to hold for? is stuff going to go up, then dive back down again sometime soon, or should we expect things to hold for awhile?
bggrthnjsus said:
I'm betting that it'll likely fall around each of the ARM resets, falling more then it should due to fears then the actual loss. Worried people trying to play the daytrade game will likely jump out bringing the market lower then it really "should" be. Once that happens it'll probably be a good time to buy. (With long term investment in mind) Of course no-one knows for certain what will happen, but historically speaking the market always goes up over the long term.
If you really want to make some money, keep slapping money into a decent 401k or Roth mutual fund, especially while still young.
bggrthnjsus
Member
ARM reset?Javaman said:
edit: adjustable rate mortgage? so when does that happen...when do i sell is what i'm asking really
bggrthnjsus said:
No-one can answer that except you. Personally I'm staying in for the long haul. I've managed to sock away $78,000 in my 401k over a decade a couple hundred at a time and am looking forward to retiring a happy man in 30 years. (barring a global disaster or course)
Ether_Snake
å®å®å®å®å®å®å®å®å®å®å®å®å®å®å®
Javaman said:
Too bad! Global disaster is certain!:|
None of us will be relying on social security for retirement. So if it collapses, then it collapses. A bigger problem is the continuing devaluation of the American dollar. But yeah, even if that guy can guarantee an annual return of 10% for the next 30 years, $78K will still only be $1.5 million in 30 years, which is not enough with current inflation and woefully inadequate with higher inflation (which is expected with the plummeting dollar).boo7z said:
Yeah, if you travel back in time 30 years from now. People in their 20s today will need 4-5 million to retire.*Javaman said:
*Assuming the dollar doesn't plummet to hell or you don't plan on kicking the bucket when you're 67, as social security and most company pensions assumed people would do back in the day.
Javaman said:
You need to take a tax course pronto because your math is complete off. My best friend is a broker and I looked it up myself as well and can confirm this. I've also consulted someone I know who works in the taxation department.
First of all, you're not taxed at all on commission fees, this is why every single broker in existance gives you your book value. Your book value is the price you paid for a stock minus the commission.
Secondly, let's say you buy a stock at $5010 (at $10 commission) and you sell it at $5510 (again assume $10 commission). Your profit is $500. You're not taxed on $5500, you're taxed on HALF of the $500. The amount of that HALF of $500 that you're taxed on depends on your tax bracket.
So in a nutshell. You're only taxed on the profits you made. So if we look at my case. I started off with $6000 and now i'm at $8200. These are both book values. So 8200 - 6000 = $2200 in profit. I'm going to get taxed 40% (my tax bracket) on $1100. In the end, my profit is $1100 + 60% of $1100.
just in case anyone didn't get a chance to see this in the Fed rate cut thread.
mrWalrus said:This is the dollar index over the last year two years.
http://quotes.ino.com/chart/?s=NYBOT_DX&v=w&w=15&t=l&a=4
bgassassin
Member
Hey koam. Are you using any trading tools to help you in your stock choices and when to get in and out?
My dad has stuck with penny stock, relating to oil related start ups, and that has been doing well for him. The last one he bought at $0.60 at a high volume, and it went up to $2.00 in around a week. I find that more appealing than anything else. I'm surprised that more people aren't doing it...I'm sure there are good reasons, perhaps it's too risky and these could easily drop to nothing.
Maxwell House
Member
NM, I realized you are in Canada.koam said: