My problem is I feel like any thing I throw at a stock is just throw away money anyway. My bread and butter is real estate. that's why I have a hard time with stocks. [Reply]
Originally Posted by Nightfyre:
We were just kicking it around, talking pros and cons.
The big pro to me is developing a portfolio of company's you actually believe in.
Minimizing losses and removing the emotional factor is also important.
We talked about using the fixed percentage OR having a specific exit strateg.
IE If I buy NVDA because I know they are going to kill it in the second quarter because their new graphics card is redefining the market, I sell after the earnings announcement is digested. If I buy it because of their potential growth into the automated driving market, I may establish a long-term hold strategy - or just buy long-term call options. In the case of NVDA I did both. However, I got antsy on my long-term call position after it had basically gained 250% on the value of it. That option would now be worth over 6 times my initial investment. But I am happy just to have raked some gains, even if I gave some up because I am a nervous nelly.
Interesting strategy. Thanks for sharing that.
I am rather new to actually purchasing individual stocks but have researched for quite a while. After pumping my 401k and Roth IRA, it's taken a while to want to use extra money for more investing. Individual stocks still make me rather nervous. lol [Reply]
So how did you Hog Farmer invest that money. I got 45 dollars I got left over from the end of the month with my solid budgeting. It was a struggle, but every day I only ate out of the vending machine 4 times. [Reply]
Originally Posted by Demonpenz:
So how did you Hog Farmer invest that money. I got 45 dollars I got left over from the end of the month with my solid budgeting. It was a struggle, but every day I only ate out of the vending machine 4 times.
Originally Posted by Hog Farmer:
No, I missed that one. I have been enjoying a nice ride with NVDA though.
Dude, you've listed some stocks you've purchased that have had some nice recent runs. I am impressed. You need to start sharing these earlier!!! [Reply]
Originally Posted by lewdog:
Dude, you've listed some stocks you've purchased that have had some nice recent runs. I am impressed. You need to start sharing these earlier!!!
Well, I've hit a few homeruns lately but I have plenty of strikeouts on my resume. I try not to just blurt out something I've just jumped into because I don't want to cause anyone to be hurt. I still wish I'd bought steel socks. I missed that one. [Reply]
Originally Posted by DaFace:
Schwab, but that's mostly because that's where my work IRA lives.
I was thinking TDAmeritrade because they have 100+ commission free ETFs but the $9.95 per trade is a bit extreme. Trade King looks good at $4.95 per trade but no commission free ETFs.
I have my Roth IRA through TRowe Price but those bitches have insane trading expenses for a brokerage account. My wife has her Roth through Vanguard and the first 25 trades in the brokerage account are $7 and I've made a few buys there. I myself want a discount online brokerage account in my name but having trouble deciding which one. [Reply]