My Investments

Discussion in 'Stock Market' started by the_savage, Jun 27, 2011.

  1. the_savage
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    the_savage Rookie

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    I go etrade and have a regular account and a traditional IRA.

    I own CMG, the Mexican Restaurant, it's doing great

    I own Amazon which is also doing well

    I own Home Depot which is doing great

    I own NetSuit (n) which goes up and down but was up today

    And a South American copper company which has not done well lately with the fall in Commodoties.

    I'm trying to identify ten to fifteen good stocks to have and be in ten at a time with five out there I'll switch into as the market changes. I won't keep the netsuit for long. As soon as I can cash it in, I'm going to jump into an energy stock like NOV or XOM.

    I do not trust mutual funds, ETFs or 401ks at all. I can do the work myself and if there is a market crash I can pull my money out and put it back in when I feel say.

    I'm also interested in AAPL, ARMH, QCOM, POT, CAT, WM, DD and AEA
     
  2. Sallow
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    Sallow The Big Bad Wolf. Supporting Member

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    Wow..15 stocks?

    That's a lot.

    Conventional wisdom is to keep no more then 5 or maybe 6 stocks in your portfolio.

    It makes keeping up with the news much easier.
     
  3. whitehall
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    whitehall Gold Member

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    You may not realize it but every single pension plan whether municipal or private is totally invested in the stock market. Why would the president refer to the US Chamber of Commerce as a sinsiter tool of the republican party? The answer is simple, radical left wingers view capitalism and corporations as the enemy. It's easy to understand why a socialist like Obama, riding on a revolutionary wave, would condemn capitalism. His pension and benefits are guaranteed by taxpayers and if the socialist revolution succeeds he might become "comissar" or dictator. The question remains that in a free Country why would democrats support a revolution? Anger and ignorance?
     
  4. Dont Taz Me Bro
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    Dont Taz Me Bro USMB Mod Staff Member Gold Supporting Member Supporting Member

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    True, but the more diverse a portfolio you have, the less your risk.
     
  5. Dont Taz Me Bro
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    Dont Taz Me Bro USMB Mod Staff Member Gold Supporting Member Supporting Member

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    401ks have an advantage if your employer matches your contributions. My employer matches my contributions up to 4% of my salary, so for me it's a worthwhile investment.

    Regarding AAPL, I had purchased it at $190 and sold it at $290. Not too shabby. Wanted to buy it a few years back when it was at $68, but didn't have the money at the time.
     
  6. Sallow
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    Sallow The Big Bad Wolf. Supporting Member

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    That's fine..and I agree.

    My portfolio..before I sold it to renovate my Co-op consisted of Ford, United States Steel, General Electric, NYX and Citigroup.

    Small but did very well.
     
  7. TruthSeeker56
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    TruthSeeker56 Silver Member

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    I used to be a daytrader, made my money, and I haven't been involved in the U.S. stock market at all for about six years now.

    I am ALL IN with silver and gold. So, of course, I could spend PLENTY of time extolling the virtues of investing in PHYSICAL silver and gold (as opposed to "paper" silver and gold).

    401Ks are extremely dangerous in today's volatile world of "paper" wealth. Any kind of investing in BONDS are even more dangerous.

    If people insist on investing in the U.S. stock market, "the_savage" is doing it the right way. Don't trust some financial advisor or a mutual fund manager to take care of your future. Trust YOURSELF. Do your own homework. Research, research, research! Read a lot of boring reports. Look at a lot of boring charts. Talk to a lot of boring people on the investing forums.

    People who have 401Ks through their employers are playing with fire. Sure, it's enticing to have your employer match your 401K contributions with up to 10% (or whatever the match % may be) of company stock, but everybody needs to look at the "big picture". I'm sure the employees of Border's and Circuit City believed that their companies would be around forever, but they lost EVERYTHING. Their 401Ks are gone. Their futures are in doubt. They all have to start all over again.

    Keep it simple. Buy silver. Buy gold. It's the ONLY safe investment that's left.
    I don't believe in "paper" investing. I believe in "hold it in my hand" investing. If I can't touch it, I don't own it.
     
  8. California Girl
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    California Girl BANNED

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    Let me know when you're making an 88% return on your investment.
     
  9. Dont Taz Me Bro
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    Dont Taz Me Bro USMB Mod Staff Member Gold Supporting Member Supporting Member

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    I actually just bought some silver bars Friday morning, which I'm glad I did considering what happened Friday night. My father purchased a bunch of silver back when it was $16 an ounce and I wanted to do it too, but I didn't have the disposable cash at the time.

    I'm still sticking with a 401k for now, I'm only 29, so I won't be retiring for about 40 years so the market volatility today isn't going to really hurt me much in the long run. The employer contribution match is free money so I don't really want to pass that up. I might lower my contribution, though from 6% to 4%, depending on what happens tomorrow, because 4% is the max my company matches.
     
  10. TruthSeeker56
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    TruthSeeker56 Silver Member

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    Geez, I passed that 88% return a while ago. I started buying silver when it was $11.00 an ounce and I started buying gold when it was about $980 an ounce. I am 100% invested in silver now. You do the math.
     

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