A Great Investing Decision

**SSC** · Oct 18, 10, 10:08 PM

Does anyone subscribe to "The Motley Fool"?

**Clyde** · Oct 18, 10, 10:10 PM

Originally Posted by SSC

Does anyone subscribe to "The Motley Fool"?

I subscribe to them. It's been a good resource.

**SSC** · Oct 18, 10, 10:16 PM

Originally Posted by Clyde

I subscribe to them. It's been a good resource.

I get the emails, but don't pay for the info. What was the company they were touting last week b/c of smart phones?

I don't have many individual stocks, but I have some disposable cash and I'm jumping in really soon. What kind of money would you say I would need to be willing to invest per year to subscribe to something like that?

**Clyde** · Oct 18, 10, 10:26 PM

Originally Posted by SSC

I get the emails, but don't pay for the info. What was the company they were touting last week b/c of smart phones?

I don't have many individual stocks, but I have some disposable cash and I'm jumping in really soon. What kind of money would you say I would need to be willing to invest per year to subscribe to something like that?

They have different services. I subscribe to one called "Stock Advisor" which I'm guessing is about $200 per year. Each month the two brothers give a few of their favorite picks plus give you updates on their past recommendations. I have had a lot of success with it. It doesn't take much of a return to get your $200 back plus it's educational.

**woodsrider** · Oct 19, 10, 08:21 AM

What service do you guys use to trade?

**Clyde** · Oct 19, 10, 08:30 AM

Originally Posted by woodsrider

What service do you guys use to trade?

TDAmeritrade

**HammerTime** · Oct 19, 10, 08:52 AM

Originally Posted by woodsrider

What service do you guys use to trade?

Etrade and Zecco (They have the cheapest trades).

**John Anthony** · Oct 19, 10, 09:33 AM

Do you guys hold for years?

**Blue Magic** · Oct 19, 10, 10:45 AM

Question for anybody in this thread:

I am a 20 year old college student with $5,000 to potentially invest. Who should I go talk to or where should I go to get the best advice on what to do with it?

I can't stand money just sitting in the bank not working to build upon itself.

**Clyde** · Oct 19, 10, 12:16 PM

Originally Posted by Blue Magic

Question for anybody in this thread:

I am a 20 year old college student with $5,000 to potentially invest. Who should I go talk to or where should I go to get the best advice on what to do with it?

I can't stand money just sitting in the bank not working to build upon itself.

The first question you have to answer is when will you need to dip into it? 1 year? 5 years?

As far as whom to talk to you have a couple of options: 1. Someone you know (ie someone's dad who is in the business) and 2. more important than #1 is to educate yourself . Never take any one person's advice. I had a great advisor for a while but he also had many, many accounts so his attention was elsewhere (understandably ) and I wasn't a focus. I ended up just using him to placed the trades I came up with using other resources which meant I was not really gaining value from him.

**John Anthony** · Oct 19, 10, 12:45 PM

Originally Posted by Clyde

The first question you have to answer is when will you need to dip into it? 1 year? 5 years?

As far as whom to talk to you have a couple of options: 1. Someone you know (ie someone's dad who is in the business) and 2. more important than #1 is to educate yourself . Never take any one person's advice. I had a great advisor for a while but he also had many, many accounts so his attention was elsewhere (understandably ) and I wasn't a focus. I ended up just using him to placed the trades I came up with using other resources which meant I was not really gaining value from him.

Do you hold stocks for many years? Like a PG or JJ, do you see them as lifetime stocks? Or do you get out once youve made a big gain?

**Clyde** · Oct 19, 10, 12:47 PM

Originally Posted by John Anthony

Do you hold stocks for many years? Like a PG or JJ, do you see them as lifetime socks? Or do you get out once youve made a big gain?

No one way to answer that one. It depends. We've all held them for too long and suffered and we've all gotten rid of them too quickly and suffered. I lean towards the "too long."

**Birdsfan** · Oct 19, 10, 01:01 PM

I invested in Apple yesterday afternoon...and guess what happened!

My biggest investing victory ever was in International Gaming Technology (IGT), several years ago. I more than doubled my money afer it split a few times.

Of course, I later lost it all when the tech bubble popped.

**Clyde** · Oct 19, 10, 01:12 PM

Originally Posted by Birdsfan

I invested in Apple yesterday afternoon...and guess what happened!

:

Production problems with the IPad led to less units moved than Wall St expected. Good news is that demand is still there for the IPad.

**HammerTime** · Oct 19, 10, 01:12 PM

Originally Posted by John Anthony

Do you guys hold for years?

Depends on what stock it is and how much time I have upcoming to monitor the market like I would want to. I have some long term trades as well as short ones.

**HammerTime** · Oct 19, 10, 01:14 PM

Originally Posted by Blue Magic

Question for anybody in this thread:

I am a 20 year old college student with $5,000 to potentially invest. Who should I go talk to or where should I go to get the best advice on what to do with it?

I can't stand money just sitting in the bank not working to build upon itself.

Originally Posted by Clyde

The first question you have to answer is when will you need to dip into it? 1 year? 5 years?

As far as whom to talk to you have a couple of options: 1. Someone you know (ie someone's dad who is in the business) and 2. more important than #1 is to educate yourself . Never take any one person's advice. I had a great advisor for a while but he also had many, many accounts so his attention was elsewhere (understandably ) and I wasn't a focus. I ended up just using him to placed the trades I came up with using other resources which meant I was not really gaining value from him.

I would say that is a pretty good answer. A lot of variables go into how you want to invest.

**HammerTime** · Oct 19, 10, 01:15 PM

Originally Posted by Birdsfan

I invested in Apple yesterday afternoon...and guess what happened!

My biggest investing victory ever was in International Gaming Technology (IGT), several years ago. I more than doubled my money afer it split a few times.

Of course, I later lost it all when the tech bubble popped.

Everything is down today, I wouldn't worry about it to much.

**Birdsfan** · Oct 19, 10, 01:18 PM

Originally Posted by Clyde

Production problems with the IPad led to less units moved than Wall St expected. Good news is that demand is still there for the IPad.

So, you mean...I can come down off this ledge? Guess I should be posting this on an Apple device.

**lynks66** · Oct 20, 10, 09:04 AM

Originally Posted by Blue Magic

Question for anybody in this thread:

I am a 20 year old college student with $5,000 to potentially invest. Who should I go talk to or where should I go to get the best advice on what to do with it?

I can't stand money just sitting in the bank not working to build upon itself.

Kudos to you for even thinking about investing at such a young age.

I would first make sure you have a firm safety net (at least 3-6 months worth of income) set up before beginning to invest, especially if you are planning on getting into individual stocks. This can even be kept in a money market account where it will at least draw some interest. I started sleeping a lot easier with my investments after I put this in place. JMO After that, I would speak with several people about your investment options. I have had great experiences when I have called 5 or more different brokers/managers to discuss my options. You can usually pick up pretty quickly on who is going to have an active role in your investments, and who will simply plug in your purchases and collect fees.

I would also highly recommend reading as many personal finance books and articles that you can get your hands on.

Good luck.

**HammerTime** · Nov 3, 10, 01:56 PM

Power hour here for CBB before earning are announced. Should be around .10 a share. Nothing crazy but I am making a little bit of money on it right now. We will see how it plays out.