Investments? etrade*

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nismoZtuner
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Postby nismoZtuner » Sun May 25, 2014 2:48 pm

so after a few weeks i decided to try it out. My friend was showing me some of his companies he bought shares/stocks from.

so I started of with $2000 on my account and invested on some of the stocks he recommended me. After a month they are still at the same price or have dropped cents. so eehh

later on I was doing my own research on companies and found a few that I told him that they where going to go up- he told me they where not worth it. -_-

DRL Dropped low and then went up a few dollars and now its low again. if i would have invested I would have made a few bucks..

Then my all time stock i could have made money (NEWL)
- it dropped down to .38 cents on a Friday- I kept reading about others saying it was an under valued stock and that it was going to jump at any time- so i asked for his opinion on the stock and he said it wasn't worth it. so then over the weekend I thought about it and was like hmm I can try it out and see what happens. Monday came the stock went from .38 to 1.25 on Monday I was like dang! by the time i was able to invest since I had to go to the bank the stocks were already up at the 2.80s. missed out on it bad.. at least i was able to get my share of a good $400 from them..

first stock profit $400! could have been $7k+ but also could have gone both ways.. hopefully I get another chance like this soon!
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Freedomtodiscover
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Postby Freedomtodiscover » Sun May 25, 2014 4:26 pm

You end up going with eTrade or some other online broker?
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nismoZtuner
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Postby nismoZtuner » Sun May 25, 2014 4:40 pm

Freedomtodiscover wrote:You end up going with eTrade or some other online broker?


Yup etrade, I may go with shwabs later on.. I don't like the 9.99 fee per transaction. .
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tigerowl06
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Postby tigerowl06 » Mon May 26, 2014 5:07 pm

My thought is that with only $2,000 in the game you cannot possibly screw yourself financially, so have at it. I think the market right now is sort of OK but not great going forward as far as risk/reward. The past five years were the best time to buy in...

Other thoughts:
(1) Dividend stocks are a good option for at least some of your money. I am taking that approach with my own Roth IRA.
(2) Natural gas (both the commodity and companies that sell it) has bright prospects as an industry.
(3) Small-caps have corrected, so I think they are a viable option again (post the Oct-Dec build up and subsequent drop).
(4) I am watching Softbank (SFTBF), a Japanese investment bank. It has a large stake in Alibaba, the Chinese internet marketplace that some are touting as an equivalent or competitor to Amazon. I'm not so sure, but if people pay attention and share that opinion, watch out. Alibaba may have its own IPO in 4 months or so. The potential benefit to investing in SFTBF is that SFTBF bought in to Alibaba when it was much cheaper than it likely will be when it debuts on the US market.
(5) I use Scottrade and like it fine.
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CarefulBuilder14
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Postby CarefulBuilder14 » Tue May 27, 2014 12:43 am

I have actually used quite a few different discount brokerages, to get a feel for each one. In most, I keep index ETFs so I don't have to check on them often. From my most favorite to least favorite:

Fidelity - a site that is intuitive, at least for me. Fair rates - as long as you avoid buying competitor's mutual funds - and a good place to view the other brokerage accounts I've linked to it. A selection of good commission-free ETFs (liquid, low expenses, diversified). Moderately good customer service. If I could only pick one brokerage, this would be it. I use this mostly for individual stocks.

Vanguard - very low expenses on commission-free Vanguard ETFs and funds. High commissions if you don't follow their philosophy of diversification, indexing, and low turnover. The customer service is eager to help but not always well-informed. The website is somewhat intuitive but definitely doesn't have a lot of features. Great for passive positions in ETFs and index funds. Horrible for people who trade a lot.

Schwab - a close third. Good customer service, but I don't think the website provides as many useful features as Fidelity along the lines of portfolio analysis. Some of their commission-free ETFs are very small and a bit illiquid. They didn't always let you specify tax lots when selling, which annoyed me and made me leave, but they have this feature now.

Tradeking - definitely underrated. A decent website, but I like ETFs commission-free.

Scottrade - great customer service, but a website not quite as good as Tradeking, and also nothing (usually) commission-free. However, when I got a call from the local branch manager a day or two after opening the account, we had a nice chat and he offered 10 free trades. I asked him if he would make the offer retroactive, and refund the commission I had paid on a trade the day before (before he called). He did make the offer retroactive - giving me back money from a commission Scottrade had legitimately earned. It was only $7 but I think it's a good sign about the firm.

TD Ameritrade - a powerful trading platform...lots of bells and whistles...but tax lot tracking is unnecessarily difficult. Good ETFs commission-free.

Etrade - Unless you give them a ton of business, the site is pretty primitive with higher-cost commission-free ETFs. I don't know exactly what you can unlock there if you do trade a lot.
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Postby nismoZtuner » Wed May 28, 2014 3:37 pm

tigerowl06 wrote:(4) I am watching Softbank (SFTBF), a Japanese investment bank. It has a large stake in Alibaba, the Chinese internet marketplace that some are touting as an equivalent or competitor to Amazon. I'm not so sure, but if people pay attention and share that opinion, watch out. Alibaba may have its own IPO in 4 months or so. The potential benefit to investing in SFTBF is that SFTBF bought in to Alibaba when it was much cheaper than it likely will be when it debuts on the US market.


I`ll keep that in mind(added to portfolio) - have you checked "JD.com -stock"? --I should have bough it when it came out- it was at $20 now $25 and that's after a few days now.

I`m still waiting for the (Newl) comeback since they are getting another vessel delivered by july and hopefully it goes up once again but I`m waiting for the right time to buy it again and hopefully make another $400+. They just need to get rid of that loan they have!
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nismoZtuner
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Postby nismoZtuner » Wed May 28, 2014 3:39 pm

CarefulBuilder14 wrote:I have actually used quite a few different discount brokerages, to get a feel for each one. In most, I keep index ETFs so I don't have to check on them often. From my most favorite to least favorite


Thanks for the site reviews I may try Fidelity then. $20 for buy+sell I dont like.
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CarefulBuilder14
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Postby CarefulBuilder14 » Wed May 28, 2014 6:27 pm

If your primary consideration is the amount you pay per commission, you might also look at Tradeking ($4.95) which is less than Fidelity ($7.95). One downside to Fidelity is that they don't have great execution, but it's hard to know how much of this is Fidelity's fault vs. something most brokerages have to deal with in a world of high-frequency trading. Also, any site can be slow at times, and Fidelity is no exception.

No one brokerage is best for everyone. Some things that can have a big impact on picking a brokerage are:

1. What do you invest in: stocks, bonds, ETFs, index/mutual funds, options, futures, currencies, etc?
2. Do you typically hold an investment for less than a day? weeks? months? years and years?
3. If the inflation rate in Australia, for example, is slightly higher than most people expected, do you want to react quickly to that information and trade? Or do you really not care?
4. How big is your portfolio? Some places have account minimums and with small portfolios keeping expenses low is critical.
5. Do you make your own decisions without much outside help?

I'd be happy to make brokerage suggestions either through the public forum or through a private message here if anyone wants advice for their particular investment habits.
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otter
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Postby otter » Wed May 28, 2014 9:06 pm

CarefulBuilder14 wrote:No one brokerage is best for everyone. Some things that can have a big impact on picking a brokerage are:

1. What do you invest in: stocks, bonds, ETFs, index/mutual funds, options, futures, currencies, etc?
2. Do you typically hold an investment for less than a day? weeks? months? years and years?
3. If the inflation rate in Australia, for example, is slightly higher than most people expected, do you want to react quickly to that information and trade? Or do you really not care?
4. How big is your portfolio? Some places have account minimums and with small portfolios keeping expenses low is critical.
5. Do you make your own decisions without much outside help?

I'd be happy to make brokerage suggestions either through the public forum or through a private message here if anyone wants advice for their particular investment habits.


That's an excellent point. There is no "perfect" brokerage for everything.
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nismoZtuner
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Postby nismoZtuner » Fri May 30, 2014 3:18 pm

CarefulBuilder14 wrote:1. What do you invest in: stocks, bonds, ETFs, index/mutual funds, options, futures, currencies, etc?
Stocks
2. Do you typically hold an investment for less than a day? weeks? months? years and years?
I have to wait 3 days to sell a stock (not a day trader) i can sell a stock before 3 days but its only every now and then- based on what i have been told
3. If the inflation rate in Australia, for example, is slightly higher than most people expected, do you want to react quickly to that information and trade? Or do you really not care?
Depends
4. How big is your portfolio? Some places have account minimums and with small portfolios keeping expenses low is critical.
I was required $1k in my account at the moment I have $3k
5. Do you make your own decisions without much outside help?
most of the time its just me- my friend does little suggestions on stocks he plans on getting or has

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TU 752 (+4) - [5/9/2014] CK 726 - [11/24/14] EX 725 - [11/20/14] EQ 710

BankofAmerica Cash Rewards [2k] I American Express Blue Cash Everyday [3K] l Discover IT[2.5]

American Express Premier Rewards Gold [NPSL] I Marriott Rewards Premier [5k]

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Inquires: TU(?) EX(?) EQ(?)

TCL-$19,800

Age-22



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