/biz/ - Business & Finance

>>1153823
Stock market is good, dude. Look for a solid company that is undervalued. Preferably one that pays dividends. The invest and wait until it goes up 10-20%. Easy as pie.

But stocks arn't the right choice for everyone. There is a possibility the market will go down, and if you're the type to freak out if the market goes down, say 10-20%, then I can't recommend this. You would be too tempted to sell and take a huge loss.

>>1153834
Nah, I'm actually a very patient guy. I know that panic selling is what causes losses, and you need to look at trends to see if there's a chance of it heading back up in the future. Fluctuations are normal.

I'm on Investopedia now just going through information, seen it recommended on here as a good starting place.

>>1153841
Sounds like you have a good head.

I would recommend using Google finance, and add the stocks you're interested in to the portfolio and use this as a watch list.

After a few weeks of observation you can start to see what the trends are and what you think a good price for a particular stock might be. Patience to jump in (and out) is key.

A few stocks I would recommend to watch (and I watch myself) would be:
GM
INTC
STX
M
CAT
CMC
CSX
ED

I have made money on all these stocks in the past. Some are a little high valued for me to jump into right now, but if this is a big upturn in the market, I could be way wrong.

>>1153863

Nice, thanks for the starting recommendations. I do have a Scottrade account as well, but I opened up a Robinhood one because it looks like something people are getting excited about due to the free trades, and it being used as a pure platform to move stocks with no minimum.

Recommendations on any platforms? I do hear that Scottrade is excellent, but is a bit costly. Robinhood seems cool, but it's barebones in presentation.

>>1153841
Can I borrow 500 smackeronies?

>>1153834
Just make a stop limit to sell off the stocks if they fall 4% or something. When you invest in stocks you will see losses (sometimes even more losses than gains) , even the best trader, just make the losses small and the gains large.

>>1153894
I don't know much about Robinhood, could be sketchy. It's free right? If you don't pay for it, you are the product. It's just a question of what they're going to take.

Personally, I stick to the more mainstream brokerage houses. I've done Etrade and Optionshouse. UI is better at Etrade but Optionshouse is cheaper.

Since you're just kind of getting your feet wet, I would probably recommend a more user friendly experience at the expense of higher priced trades. Once you feel comfortable, you can always switch to another broker that's cheaper, but more clunky. You should be able to do a little research online.

>>1153987
Don't listen to this guy. If your goal was day trading, on margin, yeah maybe. But you're an investor.

Unless it's a bad company and it's about to go bankrupt (which means, WTF were you doing investing in it anyways??) it will rebound, even if it decreases 4%, 10% or 20%. That or you got really unlucky with a way over valued stock (don't buy stocks like shakeshake, twitter, tesla or any other bullshit company).

I've bought a lot of stocks. And in my younger, stupider days, I've sold that stock when it was down, only to have that money sit in the account, not reinvest, and watch the stock fully recover. Might take a year, but that's OK. That's another reason I like dividend stocks. Even when the stock goes down, you are still getting earnings.

You should only sell at a loss if you
a) think the stock will never recover
b) absolutely need the cash for an immediate expense.