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re: I'm getting bored with day trading. So, I'm going to create...
Posted on 2/23/12 at 1:13 pm to LSURussian
Posted on 2/23/12 at 1:13 pm to LSURussian
quote:
LSURussian
What website do you use for trading? Do you use the same one for day trading and long term investments?
1
Posted on 2/23/12 at 1:18 pm to rickgrimes
quote:I use a program provided by Charles Schwab called Street Smart Pro. If I'm away from my PC I use the iPhone app from Schwab.
What website do you use for trading? Do you use the same one for day trading and long term investments?
Because of my trading volume Schwab gives me a discount from their standard $8.95/trade fee. I pay $6.95/trade. I got the discount after I threatened to move my accounts to e-trade which has the $6.95/trade fee.
Posted on 2/23/12 at 1:20 pm to TheHiddenFlask
quote:
Ruskie, YGM.
YGM
Posted on 2/23/12 at 1:20 pm to LSURussian
quote:
I bought ETR yesterday but when it went up over 50 cents/share within an hour or so I sold it. Glad I did as it is down today. I just couldn't pass up making several hundred dollars in a matter of 90 minutes. I'll buy it back soon.
You have a target price for this? I'm thinking of getting me some too.
Posted on 2/23/12 at 1:21 pm to foshizzle
quote:
You might get home one day and walk in on your wife writhing on a pile of gold coins with Rivers watching approvingly.
I RA'd....
Not really.
Posted on 2/23/12 at 1:21 pm to LSURussian
Posted on 2/23/12 at 1:29 pm to Chad504boy
quote:Not really. I know I'm going to add it to my dividend portfolio at some point as it is now paying almost a 5% dividend yield. It's a funny stock to watch. It trades daily in an almost perfect sine wave shaped pattern. I was busy doing something else this morning when it went down to $67.07/share. Thirty minutes later it was almost up to $67.30. Right now it's back down to $67.20. Compared to DUK, ETR is extremely volatile.
You have a target price for this? I'm thinking of getting me some too.
Their dividend should be sound short of a nuclear meltdown at one of their power generating locations.
Posted on 2/23/12 at 1:33 pm to LSURussian
quote:
Not really. I know I'm going to add it to my dividend portfolio at some point as it is now paying almost a 5% dividend yield. It's a funny stock to watch. It trades daily in an almost perfect sine wave shaped pattern. I was busy doing something else this morning when it went down to $67.07/share. Thirty minutes later it was almost up to $67.30. Right now it's back down to $67.20. Compared to DUK, ETR is extremely volatile.
Their dividend should be sound short of a nuclear meltdown at one of their power generating locations.
my fear of dividend buying stocks is getting stuck. stock price drops for lengths of periods at a time bc they are so slow moving with their volatility.
Posted on 2/23/12 at 1:42 pm to LSURussian
There are a lot of REIT's (real estate investment trusts) that will give that yield no problem. I've been looking into them as a good place to go after the commodity bull is over.
PEI, GGP, RPT are a few I've looked at. A few of the REIT's averaged 10% plus on yields over the last 5 years.
PEI, GGP, RPT are a few I've looked at. A few of the REIT's averaged 10% plus on yields over the last 5 years.
Posted on 2/23/12 at 2:05 pm to Chad504boy
quote:You're right about that. My position is when I buy them I hope to forget what I paid for them (except if they go up immediately after I buy them
my fear of dividend buying stocks is getting stuck. stock price drops for lengths of periods at a time bc they are so slow moving with their volatility.
). For this portion of my stock holdings (which will be approx. 1/4 of my total financial assets) I'm only interested in the income.
Posted on 2/23/12 at 2:06 pm to LSU0358
quote:
There are a lot of REIT's (real estate investment trusts) that will give that yield no problem.
I have too many horror stories associated with REITs. I just can't bring myself to buy one.
Posted on 2/23/12 at 2:13 pm to LSURussian
quote:
LSURussian
Entergy has been going down with the market going up lately. Kind of weird. Any take on that? And the possibility of the market reaching a ceiling, could bring entergy even further lower or can entergy be a safe haven from a falling market?
Posted on 2/23/12 at 2:19 pm to Chad504boy
quote:I really have no idea why the market does what it does.
Entergy has been going down with the market going up lately. Kind of weird. Any take on that? And the possibility of the market reaching a ceiling, could bring entergy even further lower or can entergy be a safe haven from a falling market?
I know ETR went ex-div a few weeks ago but that probably does not explain the recent drop.
Utilities are boring for most growth oriented investors and with the market appearing to have found a risk appetite again it may just be investors who bought utilities when they thought the world was ending are now selling those shares and switching into APPL (you're welcome Scoop) and other growth stocks.
Posted on 2/23/12 at 2:21 pm to LSURussian
quote:
I have too many horror stories associated with REITs. I just can't bring myself to buy one.
Care to share? I've looked at those and am starting to look into homebuilders and stocks like Home Depot (supply etc.) to get some real estate exposure. So I'm by no means attached to REITs.
Posted on 2/23/12 at 2:23 pm to LSU0358
REIT's.... even i could take some dog shite and put that in a pretty folder with nice pictures.
Posted on 2/23/12 at 2:29 pm to LSU0358
REITs have been notorious for fraud by their "founders."
Also, real estate is almost the least liquid asset a person can own. When a REIT needs to liquidate to meet its cash obligations it always seem to happen just as the real estate market craters.
I have friends who owned REITs and lost everything they had in them. I'm not saying REITs don't have a place, just I'm not that fond of them.
If you're looking for real estate related investments why not buy into one of the publicly traded home builders? Here is a link talking about some of those. LINK Full disclosure: I don't own stock in any of the companies mentioned in the link.
Also, real estate is almost the least liquid asset a person can own. When a REIT needs to liquidate to meet its cash obligations it always seem to happen just as the real estate market craters.
I have friends who owned REITs and lost everything they had in them. I'm not saying REITs don't have a place, just I'm not that fond of them.
If you're looking for real estate related investments why not buy into one of the publicly traded home builders? Here is a link talking about some of those. LINK Full disclosure: I don't own stock in any of the companies mentioned in the link.
Posted on 2/23/12 at 2:36 pm to LSURussian
quote:
publicly traded home builders
Definetly on my radar.
quote:
I have friends who owned REITs and lost everything they had in them. I'm not saying REITs don't have a place, just I'm not that fond of them.
If one owned them in early 2000s I'd imagine that hurt.
quote:
REITs have been notorious for fraud by their "founders."
Very true and this is my biggest concern.
Posted on 2/23/12 at 3:39 pm to LSURussian
quote:
when it went up over 50 cents/share within an hour or so I sold it. Glad I did as it is down today. I just couldn't pass up making several hundred dollars in a matter of 90 minutes.
i gotta get better at this
Posted on 2/23/12 at 3:46 pm to LSU0358
quote:
If one owned them in early 2000s I'd imagine that hurt.
Nah, from 2001-2007 I made a lot of money in a REIT index fund (contained no mortgage REITs nor non-public/private REITs where chumps were charged 8.5% going in). Yield was north of 8% in 2001. Even with that, REITs are very leveraged and tend to dilute shareholders by issuing additional shares to raise capital due to the 90% payout mandate. With that said the shares can be very volatile, much like small cap stocks. Many employees of non-profits have done extremely well in the old TIAA CREF RE fund.
I would not touch non-traded REITs that you have to go to the sponsor to try to liquidate with a 100-yard pole.
Posted on 2/23/12 at 3:50 pm to tirebiter
Glad you brought that up. Yield is nice but unless you're talking about seriously holding for the long-term, ignoring the potential underlying price movement piece is a giant misstep. REITs in particular are more complicated than a vanilla stock, its a different asset class and people shouldn't look at them like they do vanilla common stock (imo of course) for the reasons you mentioned among others.
eta: and the kind of RE exposure you get from a REIT may be entirely different from what you get from a home builder. Can't just pick one with a nice yield and think you're going to capitalize on higher RE prices (if that's the goal/expectation).
eta: and the kind of RE exposure you get from a REIT may be entirely different from what you get from a home builder. Can't just pick one with a nice yield and think you're going to capitalize on higher RE prices (if that's the goal/expectation).
This post was edited on 2/23/12 at 3:52 pm
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