The stock market thread.

[montreal]

if oil falls into the 30's, I might start getting back in slowly by dollar cost averaging. Will look to own SLB again as I got out when it was over 100 but would like to pick some up if it dips into the 70's. I am a killing on SUBCY back when it was under the name Stolt and then later Acergy, they are based in Norway so I might look at that them again. SDRL is another I might start picking some up on the cheap a little at a time. I've red where some thing oil could actually drop into the 20's but not sure I see that happening. We'll see what does happen if it breaks the 40 level as that could make things get real interesting.

Thought about picking up some appl at 113 but opted not to since China has me concerned. Probably should have but will keep an eye on it.

 

[John Price]

Som,eone fix the damn china economy

 

[montreal]

Som,eone fix the damn china economy

well at worst they are talking about a 5.5% growth rate, down from 7%. Personally I have more concerns with their stock market since it's so heavily invested by retail.

 

[WeThreeKings]

I don't understand the stock market.

How do I make monies.

 

[John Price]

mutual funds

just let other people do it for u

 

[WeThreeKings]

I don't trust other people.

 

[WeThreeKings]

Nobody wants to see anybody else happy or rich if they themselves are not happy or rich. If they are happy and rich, they don't want anybody to be happier or richer than them.

People are WOAT.

 

[John Price]

Either that or do a pyramid scheme

"I'll take your money and invest it."

 

[WeThreeKings]

Lirl I had someone try to get me into a pyramid scheme once.

 

[hockeyfish]

I don't trust other people.

In that case, may I suggest investing in a high quality mattress.

 

[WeThreeKings]

In that case, may I suggest investing in a high quality mattress.

I sleep on a board to keep my posture perfect.

 

[Classicnamesup]

Canadian Couch Potato > the guy you are paying 2% to not beat the market

 

[ChickenBurrito]

mutual funds

just let other people do it for u

lol no

invest in ETF's, less fees and you make more money (potentially)

 

[needzmoarcleary]

Very interest reading through this thread and very informative. My dad has been telling me to get into stocks for a bit now. I was very reluctant bc of financial situation and working on music and finding a good job. I do have a nice job and have gotten caught up finacially (student loans and other debt). Definately interested in testing the waters. I guess besides doing the research what would be an ideal number to start out with? I guess me being me having a ideal number money wise is something I'm more interested in about. Like I don't have 50k laying around. What's something realistic that isn't selling myself short but not investing like way too much to start off.

 

[Fixed to Ruin]

Very interest reading through this thread and very informative. My dad has been telling me to get into stocks for a bit now. I was very reluctant bc of financial situation and working on music and finding a good job. I do have a nice job and have gotten caught up finacially (student loans and other debt). Definately interested in testing the waters. I guess besides doing the research what would be an ideal number to start out with? I guess me being me having a ideal number money wise is something I'm more interested in about. Like I don't have 50k laying around. What's something realistic that isn't selling myself short but not investing like way too much to start off.

Buy a book on ETFs would be a good way to start. Learn the differences between different investment types and also learn the most tax efficient ways to invest.

One of the ways I learned about all this stuff was buying/selling silver bullion coins. You don't have to put much money into it. Today coins go for 15-20$. Depending what country you live in they are tax free. You also don't need a brokerage account. It allowed me to learn how to follow charts, learn how to do research, where to find good information ect. Then as I got a better job and earned more moeny and got better at investings I ventured into the stock market and other investments.

I think in todays digital age you could probably do the same with bitcoin as a low cost way to learn how to trade but i don't know enough about bitcoin to give a more detailed answer.

 

[njdevscup30]

buy low sell high imo

 

[Thucydides]

freed up some cash last night on the china news.

averaged down on the vanguard total stock index fund. it fell to 33. back up to over 35 now.

got in western energy drilling services when it fell to 3.10. It's back up over 4 now.

good day so far. got clobbered on some of the stocks I've owned though.

dow down over 1000. black monday.

 

[Thucydides]

Very interest reading through this thread and very informative. My dad has been telling me to get into stocks for a bit now. I was very reluctant bc of financial situation and working on music and finding a good job. I do have a nice job and have gotten caught up finacially (student loans and other debt). Definately interested in testing the waters. I guess besides doing the research what would be an ideal number to start out with? I guess me being me having a ideal number money wise is something I'm more interested in about. Like I don't have 50k laying around. What's something realistic that isn't selling myself short but not investing like way too much to start off.

You don't have to go "all in" at once. Buy some safe stocks, a little bit at a time. there's some really good buys out there today. it's like the clearance candy aisle at walmart the day after halloween today.

just be patient. i think it's gonna go lower from here. china is all smoke and mirrors. i don't think it's hit bottom yet.

 

[John Price]

Rip dow Jones

 

[SJSharksfan39]

Rip dow Jones

Might be a little premature. Market had come back a lot since.

 

[Dakota Sioux]

Might be a little premature. Market had come back a lot since.

Nothing but a correction. I've been through more than one of these and have always held tight. In the end it has always worked out. It will again.

 

[Thucydides]

a lot of the losses have already been corrected or are close to being corrected to last weeks levels. just have to hold on.

took profits on the stocks i purchased this morning, unsure as to whether or not this is a correction or the start of a bear market.

 

[John Price]

Yeah REBOUND

 

[BackToTheBrierePatch]

if you have 401k/market long term investments you just have to ride out corrections with the market like we had recently. if you worry about your money every single day then you need to get out. or put your money in a low interest, safe fund.

 

[Fixed to Ruin]

buy low sell high imo

Today, you could have done that before lunchtime.