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Rookie investing $1K in the stock market...need your help
Posted on 1/13/15 at 8:31 am
Posted on 1/13/15 at 8:31 am
Just openend a brokerage account with E*Trade. Have no experience with the stockmarket. Have been following some discussions on this board the past month or so, and am interested in LNGLF. Should I spend the entire $1000 on that at $1.58/share, or would you recommend something else? Thanks in advance.
7
Posted on 1/13/15 at 9:21 am to Crescent Connection
I by no means am no expert in investing, but more information is needed. What are your investment goals, risk tolderance, age etc?
Posted on 1/13/15 at 9:40 am to Crescent Connection
Visa
Exxon
Procter and Gamble
Johnson and Johnson
3M
AT&T
All stocks with either decades of achievement, and/or the face of the future.
With $1K, I'd pick just one of those and use your whole $1K on it. That's just me though.
Exxon
Procter and Gamble
Johnson and Johnson
3M
AT&T
All stocks with either decades of achievement, and/or the face of the future.
With $1K, I'd pick just one of those and use your whole $1K on it. That's just me though.
Posted on 1/13/15 at 9:42 am to LSUneaux
quote:
Exxon
Posted on 1/13/15 at 9:47 am to Crescent Connection
quote:
Rookie investing $1K in the stock market...need your help
What are your goals with this $1,000?
If its to start a savings plan. I'd go spend it on one blue chip stock of your choice.
If you want to learn more about investing. I'd buy 3-4 companies that interest you and follow them. Read reports, listen to earnings calls, etc.
Posted on 1/13/15 at 10:20 am to barry
Do the latter part of what Barry says IMO. Could help you a lot down the road to learn the basics.
Posted on 1/13/15 at 10:26 am to Tigerfan56
quote:
What are your investment goals, risk tolderance, age etc?
29 year old male. Gross income 80K/year. In a 401K plan with my hospital and max out on Roth IRA. Just started both 3 years ago. As far as risk tolerance, I guess I would say I'm not opposed to high risk investments. Would like to retire at age 65. My salary will increase to 140-150K as CRNA in about 4-5 years.
Posted on 1/13/15 at 12:09 pm to Crescent Connection
Oil and Gas. Look at "KOG"
Posted on 1/13/15 at 12:09 pm to Crescent Connection
Fund your Roth IRA while you can. Invest in vanguard target 2060. This is the simple "boring" advice.
$1000 isn't really worth buying multiple companies as the fees will set you pretty far back. Say you bought stock in 4 companies at about $250 each, your already 4% in the hole with a $10 commission, plus another 4% when you sell. So, to me, it doesn't make sense.
If you not looking to simply throw it at a target fund, I'd put it all in one company, then save up another thousand and put that in another company. Repeat. You can be reading up on your next buy while your saving. Just my 2 cents.
eta: guess I missed the part about you already funding your roth. Ignore the first sentence then.
$1000 isn't really worth buying multiple companies as the fees will set you pretty far back. Say you bought stock in 4 companies at about $250 each, your already 4% in the hole with a $10 commission, plus another 4% when you sell. So, to me, it doesn't make sense.
If you not looking to simply throw it at a target fund, I'd put it all in one company, then save up another thousand and put that in another company. Repeat. You can be reading up on your next buy while your saving. Just my 2 cents.
eta: guess I missed the part about you already funding your roth. Ignore the first sentence then.
This post was edited on 1/13/15 at 12:10 pm
Posted on 1/13/15 at 12:39 pm to TigerDeBaiter
Thanks for the advice.
Posted on 1/13/15 at 12:55 pm to Crescent Connection
If you are hoping for LNGLF to take off like that Cherokee energy stock did then you have a while to wait and even now in this oil production surplus era its risky at best. Are you looking to turn a quick buck? Or are you willing to let it sit for a few years?
Posted on 1/13/15 at 1:34 pm to LSUneaux
Is visa a good buy right now considering they are up so much over the past year. I have them on my purchase list, but am having difficulty pulling the trigger
Posted on 1/13/15 at 2:53 pm to Creamer
I work in the payments industry and while I am fairly new, I would think some of VISA recent success relates to the new EMV regulations that will be implemented in October of this year. A lot of companies in the industry saw a spike when that news was announced a little over a year ago and it's become much more gradual now.
Posted on 1/13/15 at 3:02 pm to TigerDeBaiter
quote:
$1000 isn't really worth buying multiple companies as the fees will set you pretty far back. Say you bought stock in 4 companies at about $250 each, your already 4% in the hole with a $10 commission, plus another 4% when you sell. So, to me, it doesn't make sense.
look into the robinhood app. no fees
Posted on 1/13/15 at 8:33 pm to Crescent Connection
Threat that $1k like it means a lot to you.
Now is the time to learn about the market.
Look into joining this organization. It has a lot of useful information and teaches you how to make stock investment decisions.
American Association of Individual Investors.
Baton Rouge actually has a local chapter LINK
Now is the time to learn about the market.
Look into joining this organization. It has a lot of useful information and teaches you how to make stock investment decisions.
American Association of Individual Investors.
Baton Rouge actually has a local chapter LINK
This post was edited on 1/13/15 at 8:36 pm
Posted on 1/13/15 at 8:56 pm to Creamer
quote:
Is visa a good buy right now considering they are up so much over the past year. I have them on my purchase list, but am having difficulty pulling the trigger
Plastic is the future. Cash use will continue to decline. I can't tell you what Visa will be one month from now, but I can sure as hell tell you which direction it will be 5 years from now.
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