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Old 09-18-2004, 07:13 AM   #1
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Anyone else into stock markets

Just wondering.



I am greatly fascinated by stock market
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Old 09-18-2004, 07:26 AM   #2
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I'm intrigued by the way the whole thing works, and I think I could do reasonably well in it with my limited knowledge.

I know about IPOs and "buy low, sell high".
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Old 09-18-2004, 07:37 AM   #3
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the working behind the stock market do sort of interest me

in the end all you can do is follow up on info given by people who actually know what is happening in several companies
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Old 09-18-2004, 08:21 AM   #4
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To be more specific

Does anyone of you have bought stocks and sold stocks ?

Has anyone of you done day-trading ?

What % of money do you earn in a month , on an average ?
Suppose you have 100 units invested? What % returns do you get.

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Old 09-18-2004, 08:25 AM   #5
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My dad spent years working for Brokers and the like. He went from Lend Lease to the ASX before he finally cracked the shits and left it forever. It is pretty much just gambling. On a large scale. I once had shares. They're only a long term investment unless you have large sums of cash and dont fear the risk of losing it all. If you insist on investing this way, the only advice I can give you is to stick to Blue Chips. Or go to your nearest casino and pour the money straight into a poker machine.
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Old 09-18-2004, 08:33 AM   #6
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I disagree that it is gambling. If you are playing with low-value shares of bankrupt companies, then probably it is gambling. You can always minimize your loss.. but the profit can be anything if its done properly. There are stop losses

If you are doing proper research, then its investment.

However I am too scared to put money on a long term basis.

If you still call it gambling , you can call me lucky so far since April this year I like it..kind of addicted to it . Win or lose - Gives me a high. May be someday I will learn a lesson.. But till then I would like to analyse 100s of graphs ..

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Old 09-18-2004, 08:35 AM   #7
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I have mutual funds for school...that's it though
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Old 09-18-2004, 08:48 AM   #8
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First, no money no stocks

Even if I did I don't think I'd do it. I know two older people who lost their entire life savings in the stock fad of the late 90's.
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Old 09-18-2004, 08:50 AM   #9
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Quote:
Originally posted by DaveC
I have mutual funds for school...that's it though
mutual fund - they are safer ( and boring). there are other professional who buy shares from your money and give you some returns. you dont get the thrill of buying a share that rises 10% in a day..if it does.
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Old 09-18-2004, 08:52 AM   #10
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Quote:
Originally posted by U2Kitten
First, no money no stocks

Even if I did I don't think I'd do it. I know two older people who lost their entire life savings in the stock fad of the late 90's.
first of all, you can buy stocks worth many times the amount ( say x) you have...but the only thing is that if that the value of stocks fall as much as x , you lose all the money..so very risky and not advisable.

secondly, one should never all of life saving in stock..may be 25% or less of that.

Looks like I can become a broker
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Old 09-18-2004, 09:27 AM   #11
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The best return we've ever received is a couple thousand dollars on some Prudential Insurance stock, the biggest loss was a few hundred dollars on some worthless crap a relative suggested we buy.

Most of the stock we still have isn't worth keeping our accounts open but I don't want to pay the broker fee to close them
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Old 09-19-2004, 01:34 AM   #12
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Quote:
Originally posted by Bono's American Wife
worthless crap
Never buy a cheap stock - Its gambling
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Old 09-19-2004, 01:55 AM   #13
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Quote:
Originally posted by AcrobatMan
I disagree that it is gambling.



It is gambling. The market can crash at any time, so many factors influence the value of shares there is no way to protect it as an investment unless you have such a vast sum, you spread your interest around. So if/when one falls, you dont lose everything. Rene Rivkin didn't become a squillionaire by being a wuss. Nor by being an average worker either.

You're lucky, and well done. Truly I hope you continue to be successful. But it's only been 5 months mate. That's chicken feed in the stock market.
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Old 09-19-2004, 02:32 AM   #14
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I would be interested in investing when I have enough money, that will be several years away. Until then all I can do is learn about how the damn thing operates.
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Old 09-19-2004, 09:03 AM   #15
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I also disagree it's gambling mostly because you're able to make educated guesses in the stock market whereas you can't do that playing the slots, for example, it's just a matter of stochastic probabilities there.

I do think that when they do studies of longterm earning potential, stocks average to about 10-12% yearly returns, which is pretty good, but you have to have a strong stomach if you're gonna put any kind of decent money into them.

I have a pretty good mutual fund (it's moderate-high risk) at the moment but I am considering putting some of that money into stocks. In life, until you've lost everything you have three times, you're nowhere, LOL. No guts, no glory as they say.
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