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Scottrade

Posted on 3/3/10 at 7:46 pm
Posted by Paul Allen
Montauk, NY
Member since Nov 2007
75290 posts
Posted on 3/3/10 at 7:46 pm
Just opened an account. I'm a beginner investor and would like some input.

TIA

Posted by TheHiddenFlask
The Welsh red light district
Member since Jul 2008
18384 posts
Posted on 3/3/10 at 8:14 pm to
More info needed

approximate age, goals, risk preferences, etc.
Posted by LSURussian
Member since Feb 2005
126977 posts
Posted on 3/3/10 at 9:51 pm to
quote:

I'm a beginner investor and would like some input.

Buy low, sell high and you'll be fine....
Posted by lsu1percent
BR
Member since Jul 2008
765 posts
Posted on 3/3/10 at 11:28 pm to
quote:

Buy low, sell high and you'll be fine....

this is the best advice you can get. Follow this and you will never lose money.
Posted by TheHiddenFlask
The Welsh red light district
Member since Jul 2008
18384 posts
Posted on 3/3/10 at 11:47 pm to
quote:

this is the best advice you can get. Follow this and you will never lose money.



Transaction fees can be a beast.
Posted by LSUtoOmaha
Nashville
Member since Apr 2004
26586 posts
Posted on 3/4/10 at 5:52 am to
TIPS for right now, or high-rated bonds, or XOM
Posted by LSURussian
Member since Feb 2005
126977 posts
Posted on 3/4/10 at 8:45 am to
Second helpful advice: Only buy stocks that are going to go up.
Posted by RedStickBR
Member since Sep 2009
14577 posts
Posted on 3/4/10 at 9:24 am to
Put 500 in your account, lose every penny of it, learn from your mistakes.

Put another 500 or so, lose it all again, learn from your mistakes.

Repeat as much as necessary. This is the best way to learn.
Posted by TheHiddenFlask
The Welsh red light district
Member since Jul 2008
18384 posts
Posted on 3/4/10 at 9:44 am to
quote:


Put 500 in your account, lose every penny of it, learn from your mistakes.

Put another 500 or so, lose it all again, learn from your mistakes.

Repeat as much as necessary. This is the best way to learn.


Haha. I got started investing in the summer of '08. I learned a lot.
Posted by RedStickBR
Member since Sep 2009
14577 posts
Posted on 3/4/10 at 9:58 am to
I probably would have hung it up and walked away if I'd started then. Either that or have turned into a perpetual bear.
Posted by Paul Allen
Montauk, NY
Member since Nov 2007
75290 posts
Posted on 3/4/10 at 4:54 pm to
I bought some shares of Amedisys, Ford, and Exxon...I hope I do well.

Posted by LSURussian
Member since Feb 2005
126977 posts
Posted on 3/4/10 at 9:11 pm to
quote:

and Exxon
Posted by Paul Allen
Montauk, NY
Member since Nov 2007
75290 posts
Posted on 3/4/10 at 9:31 pm to
is that a good buy, exxon??

Posted by thelawisafterme
Bamberg Germany
Member since Jan 2009
2147 posts
Posted on 3/4/10 at 9:53 pm to
quote:

is that a good buy, exxon??



I dunno, you tell us. You're the one who bought some.



















TAYQ, Yes IMHO it is
Posted by Paul Allen
Montauk, NY
Member since Nov 2007
75290 posts
Posted on 3/4/10 at 9:55 pm to
well, it's at $65 a share...loks like a good buy...I could be worng.
Posted by thelawisafterme
Bamberg Germany
Member since Jan 2009
2147 posts
Posted on 3/5/10 at 8:56 am to
As of right now xom is up 1.10% from yesterday

Did you gain enough to cover the commission fees? I always figure it to be 14$.... 7$ in and 7$ whenever you get out.
Posted by AuburnAlum
Member since Jan 2010
550 posts
Posted on 3/5/10 at 11:37 am to
Right now Im buying low financials and tech. Wait 10 years.
Posted by mytigger
Member since Jan 2008
14852 posts
Posted on 3/5/10 at 12:42 pm to
Due some due diligence on whatever stocks you invest in. Pick good companies, stay away from stocks with a high float (outstanding shares), and 'a lot' is relative to the total number of shares. And try to buy low and sell high.
Posted by mytigger
Member since Jan 2008
14852 posts
Posted on 3/5/10 at 12:54 pm to
quote:

well, it's at $65 a share...loks like a good buy...I could be worng.



it's a stock that's basically mutual fund. safe money, no more no less. you'll probably make 20% on it in 2 years.
Posted by Paul Allen
Montauk, NY
Member since Nov 2007
75290 posts
Posted on 3/5/10 at 3:52 pm to
quote:

it's a stock that's basically mutual fund




thanks for your help.

speaking of mutual funds, any good ones to invest in 2010??

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