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?

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."

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

 

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.

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

 

:

 

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.

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.

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.

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

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

 

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.

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.

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.

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.

^ I think Monitoring them is the most fun thing about it. I will check back in with you in 3 weeks with my 10% gain. I got it at 2.58.

 

I averaged down to 2.53 when it dropped earlier this week.

My mother always said buy blue chip stock and forget about it. She was never one of the buy/sell, watch the stock market type. Well in some cases I think I took her too literal. I forgot about it and can't remember what I have half the tiime. The other problem is they get sold off to other companies and then I'm really thrown for a loop.:idunno:

Apple still getting it done. I'm up 85% with them. Up 58% with Ford. Up 193% with Dolby. Up 486% with NetFlix. Up 86% with Charles Schwab. Up 53% with Amazon.

Question for all you guru's.

 

I am a teacher here in Ky., but I want to start investing, what do I need to do? Anyone here actually do it for a job?

Question for all you guru's.

 

I am a teacher here in Ky., but I want to start investing, what do I need to do? Anyone here actually do it for a job?

 

I will be in a few short months haha.