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New to Trading

Posted on 7/12/13 at 4:24 pm
Posted by Cousin
The Bayou
Member since Feb 2012
5273 posts
Posted on 7/12/13 at 4:24 pm
I know the basics of investing but I have never actively gotten into it. I have a 401k and a Roth IRA so I figured I should start getting into the stock side of things. I recently opened a Scottrade account and I have money just sitting in there waiting to purchase some shares. I am a little hesitant because I really don't know the first step in analyzing a stock. If you don't mind can you please offer advice with the following:

1) How do you determine which stocks to invest in?
2) What do you do when analyzing a stock? I realize a lot may go into this answer and you can just provide something brief, if you like.

I would like to take the "buy and hold" approach to things to start with until I can fully understand everything.

I frequent this board daily but hardly ever post on it. I try to gain as much info as possible by lurking.

Any help would be greatly appreciated fellas
This post was edited on 7/12/13 at 4:25 pm
Posted by Vols&Shaft83
Throbbing Member
Member since Dec 2012
69908 posts
Posted on 7/12/13 at 4:35 pm to
I think the pro's on this board should start an advisor website and charge for services.
Posted by Lsut81
Member since Jun 2005
80151 posts
Posted on 7/12/13 at 4:47 pm to
quote:

I think the pro's on this board should start an advisor website and charge for services.


1, I don't consider you a pro


2, I will only pay for this service if you accept buttcoins and unicorn farts as payment.
Posted by jimbeam
University of LSU
Member since Oct 2011
75703 posts
Posted on 7/12/13 at 4:47 pm to
Jimbeam is a pro
Posted by RickAstley
Reno, Nevada
Member since May 2011
2002 posts
Posted on 7/12/13 at 4:47 pm to
quote:

1) How do you determine which stocks to invest in?


She's got to be of the age of consent and up to 30 or so. I tend to invest in cougars during a bull market.

quote:

2) What do you do when analyzing a stock? I realize a lot may go into this answer and you can just provide something brief, if you like.


I prefer to post her picture online and see if she gets rated somewhere in the OT 7-10 range. Anything less than a 7 should be sold. I'm more of an arse man myself but its hard to pass up a hooker sporting some big bewbs

quote:

I would like to take the "buy and hold" approach to things to start with until I can fully understand everything.


I would wait for marriage if I were you. You lose a lot of freedom getting tied down this early in your investing career while you are naive. Several people believe "Buying and holding" is the ultimate goal, but speculating while young allows you to dip into the Asian, European, Australian and South American stocks at will, without upsetting the family.
Posted by Vols&Shaft83
Throbbing Member
Member since Dec 2012
69908 posts
Posted on 7/12/13 at 5:02 pm to
quote:

1, I don't consider you a pro


DICK


quote:

2, I will only pay for this service if you accept buttcoins and unicorn farts as payment.


I'll discuss it with the other board Gurus and let you know (I wouldn't hold my breath though)
Posted by LSURussian
Member since Feb 2005
126962 posts
Posted on 7/12/13 at 5:10 pm to
quote:

1) How do you determine which stocks to invest in?
Only buy stocks that are going to go up.

quote:

2) What do you do when analyzing a stock?
See above.
Posted by Mr.Perfect
Louisiana
Member since Mar 2013
17438 posts
Posted on 7/12/13 at 5:15 pm to
Listening to Russian is a flawless plan.

...that still only works half the time.
Posted by foshizzle
Washington DC metro
Member since Mar 2008
40599 posts
Posted on 7/12/13 at 5:54 pm to
quote:

Listening to Russian is a flawless plan.

...that still only works half the time.


Sadly, that's a better average than for most advisors.
Posted by jimbeam
University of LSU
Member since Oct 2011
75703 posts
Posted on 7/12/13 at 5:55 pm to
Half the time if you're lucky
Posted by Cousin
The Bayou
Member since Feb 2012
5273 posts
Posted on 7/12/13 at 6:36 pm to
Thanks for the shitty advice fellas

I thought this was the O-T for a sec
This post was edited on 7/12/13 at 7:23 pm
Posted by makersmark1
earth
Member since Oct 2011
15825 posts
Posted on 7/12/13 at 6:52 pm to
quote:

1) How do you determine which stocks to invest in?
2) What do you do when analyzing a stock? I realize a lot may go into this answer and you can just provide something brief, if you like.


1.A. look at your bills. see which companies you pay every month
B. read One Up on Wall Street by Lynch

2. A. dividend history: do they pay a dividend? do they consistently raise it?
B. Low debt to capital ratio
Posted by Cousin
The Bayou
Member since Feb 2012
5273 posts
Posted on 7/12/13 at 7:23 pm to
quote:

makersmark1


Thank you sir

Posted by makersmark1
earth
Member since Oct 2011
15825 posts
Posted on 7/12/13 at 9:57 pm to
other things to read:

1.Google:
"What has worked in Investing" it is a Tweedy Browne pamplet
LINK

2. Bulls make money, bears make money,pigs get slaughtered
by Anthony Gallea
This post was edited on 7/13/13 at 9:48 am
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