Market advice

[Betallsports]

Cant argue with dividends...I go on and reinvest them, how bout you?

100% ... haven't taken a Dividend in 12 Years. Always re-invest them

 

[dirtymoose]

Mike,

You're throwing wrenches into my plan lol.
I don't know much about specific stocks.

What do you recommend?

 

[Betallsports]

Mike,

You're throwing wrenches into my plan lol.
I don't know much about specific stocks.

What do you recommend?

I would never tell someone to buy a specific stock, because Anything can happen.
Plus the one stock that has been a "Golden Goose" for me is a Local energy company that I bought and have had for over 17 years. It has gone through so many splits and I now own
a ton ( for me ) of shares, if something would happen to me. My wife would be set without any worries.

I wouldn't tell you to buy it now because it is double what it was 10 years ago.

But the Annual Dividend is 3.55% which is good

 

[CHOPTALK]

What stock is that bas

 

[Betallsports]

What stock is that bas

ConEd

 

[dirtymoose]

I didn't mean a specific stock per say. Just general strategy.

I spoke to vanguard, they said the account really isn't to trade stocks.

I'm thinking to buying the mutual funds and index on there and open a small trading account with a small amount of money and see how it goes.

Coned?? Wow. Everytime I get my Coned bill in the mail, I'll think of you lol

 

[Betallsports]

I didn't mean a specific stock per say. Just general strategy.

I spoke to vanguard, they said the account really isn't to trade stocks.

I'm thinking to buying the mutual funds and index on there and open a small trading account with a small amount of money and see how it goes.

Coned?? Wow. Everytime I get my Coned bill in the mail, I'll think of you lol

Just keep paying your Bill ... LOL

 

[Betallsports]

I didn't mean a specific stock per say. Just general strategy.

I spoke to vanguard, they said the account really isn't to trade stocks.

I'm thinking to buying the mutual funds and index on there and open a small trading account with a small amount of money and see how it goes.

Coned?? Wow. Everytime I get my Coned bill in the mail, I'll think of you lol

General strategy ? looking for a solid company that pays an Annual Dividend of 2.50% or more.

But you need to pick a sector ... and if you buy a few stocks, make sure they are NOT all in the same sector.

 

[tanner12oz]

As boring as it sounds dividends are the way to go..can use them as income or reinvest..nice having some actual $$$$ 4 times a year without having to liquidate a position

 

[JustinCruise]

Love ETFS

Blackrock is awesome

 

[PatsFan1283]

I didn't mean a specific stock per say. Just general strategy.

I spoke to vanguard, they said the account really isn't to trade stocks.

I'm thinking to buying the mutual funds and index on there and open a small trading account with a small amount of money and see how it goes.

Coned?? Wow. Everytime I get my Coned bill in the mail, I'll think of you lol

Just something like VTI will do for now. Then branch off into some of the more sector-specific ETFs.

That is boring advice but it is the way to go. It isn't really a gamble but something like VGT (tech ETF) will be a little more volatile and should outperform long-term.

 

[dirtymoose]

I have a whole new set of questions..... /sigh...

I opened the Vanguard brokerage account.
Haven't funded it yet (don't worry)

When you want to trade an ETF, what order type do I want? And how long, 1 day or 60 day?

 

[CHOPTALK]

I have a whole new set of questions..... /sigh...

I opened the Vanguard brokerage account.
Haven't funded it yet (don't worry)

When you want to trade an ETF, what order type do I want? And how long, 1 day or 60 day?

since this is just a long term hold just do a market order GTC.

 

[187Sports]

Invest in this: Deutsche Equity 500 Index Fund Class S

I've been investing in that fund for years. Low risk, 7-10% returns a year.

 

[dirtymoose]

I've funded my account. Now the fun part....

 

[niltes]

NEVER do a market order, ALWAYS do a limit order.
ETF's and mutual funds usually have management
fees. .5-1% is normal.

for serious traders, especially those into options,
futures, or tend to have a negative margin account
balance, I would highly recommend interactive
brokers as their transaction fees, broker loan
rates, and executions are MUCH better than
their competitors.

hope this helps

 

[dirtymoose]

Before I go crazy, do anyone have some good reading materials? Could be a book or just Web page withtips and aadvice.

I'd rather measure twice and cut once here

 

[bounceback]

NEVER do a market order, ALWAYS do a limit order.
ETF's and mutual funds usually have management
fees. .5-1% is normal.

for serious traders, especially those into options,
futures, or tend to have a negative margin account
balance, I would highly recommend interactive
brokers as their transaction fees, broker loan
rates, and executions are MUCH better than
their competitors.

hope this helps

could you further explain this?

 

[niltes]

bounceback, which observation do you need more explanation?

 

[bounceback]

bounceback, which observation do you need more explanation?

interactive brokers? sorry if its a dumb question.