A Great Investing Decision

[Clyde]

I've had a stock portfolio for years. It's performed OK. Went down a decent amount in 2008 like many.

 

Last year I decided to cut back on the number of individual stocks that I owned and concentrate on a few strong companies. One was Apple which I loaded up on.

 

Long story short I'm up 32% in 12 months.

 

So for those of you hesitant to invest you're missing a great chance to dramatically grow your portfolio.

[HammerTime]

^ I made a killing in my 401k on the rebound of the banks. More than tripled what I had in there. Just have to know what you are getting into. Not to mention the side trading I do on my own. I would love to become a day trader.

[woodsrider]

^ I made a killing in my 401k on the rebound of the banks. More than tripled what I had in there. Just have to know what you are getting into. Not to mention the side trading I do on my own. I would love to become a day trader.

 

I've always thought that would be fun just never had the jewels to do it.

[Clyde]

I've always thought that would be fun just never had the jewels to do it.

 

Most "day traders" aren't in it for long as they usually end up losing and have to go find something to do. Good call on your part not to do it unless you're just flat out loaded with cash that you can risk.

[HammerTime]

Most "day traders" aren't in it for long as they usually end up losing and have to go find something to do. Good call on your part not to do it unless you're just flat out loaded with cash that you can risk.

 

I don't really think that is the case. Of course you need to start off with a solid bank roll. I would say about 50K at the least. If you made 1% you target goal everyday that's 500 a day. Of course you won't make that everyday but I think if you had the time to study the market and watch stocks it is doable. Now who wants to lend me 50k? The problem is people get greedy, you need to jump in hit you goal and jump out. Most people stick around to long and lose profits back, kind of like a casino. If you make that 1% in the first 10 minutes get out call it a day.

[woodsrider]

Most "day traders" aren't in it for long as they usually end up losing and have to go find something to do. Good call on your part not to do it unless you're just flat out loaded with cash that you can risk.

 

That was probably more the reason. You definitely need some extra cash and not be afraid to lose it.

[UKMustangFan]

I don't really think that is the case. Of course you need to start off with a solid bank roll. I would say about 50K at the least. If you made 1% you target goal everyday that's 500 a day. Of course you won't make that everyday but I think if you had the time to study the market and watch stocks it is doable. Now who wants to lend me 50k? The problem is people get greedy, you need to jump in hit you goal and jump out. Most people stick around to long and lose profits back, kind of like a casino. If you make that 1% in the first 10 minutes get out call it a day.

 

I'd say 200 a day would be a much more reasonable goal starting out...That's still almost 50K over the course of the year (excluding holidays and weekends of course).

[UKMustangFan]

^ I made a killing in my 401k on the rebound of the banks. More than tripled what I had in there. Just have to know what you are getting into. Not to mention the side trading I do on my own. I would love to become a day trader.

 

:thumb:

I didn't become eligible for my company's 401k until July 1st, but just since then, I've made a return of 38.8%....It really is all about knowing what you're investing in.

[HammerTime]

I'd say 200 a day would be a much more reasonable goal starting out...That's still almost 50K over the course of the year (excluding holidays and weekends of course).

 

I wasn't really focusing on the dollar amount just the % gain for a day. But I agree 200 a day would make it work for me. It would obviously be hard to do or everyone would do it but I would love to try it at some point.

[woodsrider]

:thumb:

I didn't become eligible for my company's 401k until July 1st, but just since then, I've made a return of 38.8%....It really is all about knowing what you're investing in.

 

That's awesome. You got in at the perfect time. The Dow was just about at a 52 week low on July 1st. Just don't get use to a 38.8% return in a 401K because it won't happen often.

[Boucher]

:thumb:

I didn't become eligible for my company's 401k until July 1st, but just since then, I've made a return of 38.8%....It really is all about knowing what you're investing in.

 

Really...

[Qryche11]

I loaded up on 5/3rd when it dropped to a buck and some change last year. Its been hovering around $12 a share and after they payback the TARP money early next year Id love to see it go up even more.

[WKYfootballguy]

DG or Dollar General is solid! Popping up everywhere and solid...

 

F or Ford is still solid, had a customer who pulled a 100k CD from me earning 3% and bought 100K worth of Ford shares at 1.87 through Scottrade in January of 2009. Told me he couldn't go broke...Today it is trading at $13.34, I think he sold at 10.00...Very nice return. I was wishing I grabbed alot, but too young to have money just laying around!

[Clyde]

DG or Dollar General is solid! Popping up everywhere and solid...

 

F or Ford is still solid, had a customer who pulled a 100k CD from me earning 3% and bought 100K worth of Ford shares at 1.87 through Scottrade in January of 2009. Told me he couldn't go broke...Today it is trading at $13.34, I think he sold at 10.00...Very nice return. I was wishing I grabbed alot, but too young to have money just laying around!

 

I'm up about 20% with Ford in about one year.

[HammerTime]

I think Cincinnati Bell (CBB) is a nice hold for the next few weeks. It has been bouncing around 2.50 and 3.20 for a while now. They had one of these best quarters in the last 5 years in the main sales department. They will be announcing earnings soon (November 3) and I think it could be a nice 5-10% gain.