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Thread: Stock tips and investing philosophies and practices

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    Chairman of the bored Maister's avatar
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    Stock tips and investing philosophies and practices

    You ever bought stock based on a 'hot tip'? Do you ever contact a broker and place orders to buy or sell or do you let someone else manage your investments?
    People will miss that it once meant something to be Southern or Midwestern. It doesn't mean much now, except for the climate. The question, “Where are you from?” doesn't lead to anything odd or interesting. They live somewhere near a Gap store, and what else do you need to know? - Garrison Keillor

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    Cyburbian ofos's avatar
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    Quote Originally posted by Maister View post
    You ever bought stock based on a 'hot tip'? Do you ever contact a broker and place orders to buy or sell or do you let someone else manage your investments?
    I've never done that. Always figured that by the time I heard about a hot tip, it was either common knowledge and too late or just a scam. My only investing advice is never put all your investments in your company's stock plan, no matter how attractive the matching offer or discount might be.

    Edit: If you do think that there's merit in the "hot tip", you might want to look at your mutual funds, assuming you have some, to see if any of them are investing in that company. You can always redirect some of your money to that account. Probably less reward, but less risk too.
    Last edited by ofos; 18 Jul 2013 at 11:44 AM.
    “Death comes when memories of the past exceed the vision for the future.”

  3. #3
    Cyburbian
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    I bought 5,000 shares of a stock based on a hot tip from my father-in-law, who is an insurance agent/fund manager. Within a week it was up 70% but then the next week down 50%. I am still up in it.

    Most of my investments are mutual funds that I don't touch. Since I am younger I like to dabble a bit in penny stocks because it's fund for me but over the past few years I've about broken even with those. Certainly not a long-term investment strategy.

    Edit - when you buy something to try out how much do you usually buy? I do about $1,000 if I'm playing around.

  4. #4
    Cyburbian WSU MUP Student's avatar
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    The only stock I've ever bought was 1,000 shares of Ford when it was down around $6.50 a few years back. I sold it when it reached about $12.00. I didn't have any tips on it, I just like Ford and, being in Detroit there is always a lot of news about the Big 3 and even though the news on all of them was dire back then, Ford was the least dire and I was basically betting that they would do better than the other companies.

    My wife and her family have a broker that they use and I made the purchase (and eventual sale) through her.
    "Where free unions and collective bargaining are forbidden, freedom is lost." - 1980 Republican presidential candidate Ronald Reagan

  5. #5
    Cyburbian imaplanner's avatar
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    This is my, highly unpopular, market philosophy.

    I firmly believe that the stock market is an evil institution and responsible for much of the decline of American manufacturing and the American middle class. That is probably for another discussion however.. So here is the thing, even if I didn't think the market was a force for evil, I would not willingly invest in the market. It is beyond obvious that the market is controlled and manipulated by the high volume traders, where stock prices are no longer tied in any meaningful or legitimate way to a company's financial health or profitability. Why anyone would willingly gamble their money on this escapes me.

    Part of my pension is (unwillingly) invested in the market and I get statements showing that for the last 12 years the total money that I have been forced to put in is still more than the total money that I currently have invested. People are getting rich off of your money, but it's highly unlikely to be you. This is not the market of the 20th century, it's a corrupted beast.
    Children in the back seat can cause accidents - and vice versa.

  6. #6
    moderator in moderation Suburb Repairman's avatar
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    I've got my RothIRA tied up in a mutual fund, but that is the extent of my investment in the stock market outside of my Texas Municipal Retirement System defined benefit account. I'm not comfortable with my knowledge of how to pick stocks to go any further, plus...

    Philosophically I'm right there with you, imaplanner. I don't trust corporations or the stock market, particularly since nearly all of the stock market is essentially a computer logic bubble (computers using algorhythms to purchase from other computers using algorhythms). I would like a better method of saving with a decent return & reasonable risk, but options are few. I certainly won't be buying gold or anything like that since I think the lunatic fringe of Glen Beck drones has actually inflated the precious metals market.

    "Oh, that is all well and good, but, voice or no voice, the people can always be brought to the bidding of the leaders. That is easy. All you have to do is tell them they are being attacked and denounce the pacifists for lack of patriotism and exposing the country to danger. It works the same way in any country."

    - Herman Göring at the Nuremburg trials (thoughts on democracy)

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    Super Moderator kjel's avatar
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    I don't buy and sell individual stocks. My 401K is invested in an index fund which basically mirrors the stock market and has a nominal management fee. When the market is being very volatile or in the crapper I typically shift into a bond fund, not much is gained through it but they generally hold stable in that situation. They don't do so well when the market is on the way up.
    "He defended the cause of the poor and needy, and so all went well. Is that not what it means to know me?" Jeremiah 22:16

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    OH....IO Hink's avatar
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    I have a pension plan (which I have no say over), as well as a deferred compensation plan (which I have complete control over), and the wife has a 401(k) plan (which we have control over) and a partner direct plan (which we have no control over).

    We also have a brokerage account, but only put a little money into it here and there. I wouldn't call it investing. I have most of it in the Vanguard Total Market ETF (VTI). So really I make money when the stock market goes up and lose it when it goes down. Pretty simple strategy...

    Of the two accounts we control, most is invested in mutual funds with some bond funds mixed in. I try to keep the mix at 30% international, 10% small cap, 15% mid cap, 40% large cap, and 5% bonds. We do have a bunch going into the LifePath fund which is the age specific mutual fund. I like the concept and the fees are really low, so it is nice.
    A common mistake people make when trying to design something completely foolproof is to underestimate the ingenuity of complete fools. -Douglas Adams

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    Cyburbian Brocktoon's avatar
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    There is a reason why brokers individual investors "dumb money."

    Invest in no load, index funds with a low expense ratio...or the only person that you can guarantee that will get rich is your broker.

    In my previous life I was a stock broker for a very large mutual fund. I help thousands of clients and very few (<10) could beat the market.
    "You merely adopted the dark. I was born in it,..." -Bane

  10. #10
    Super Moderator kjel's avatar
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    Quote Originally posted by Brocktoon View post
    There is a reason why brokers individual investors "dumb money."

    Invest in no load, index funds with a low expense ratio...or the only person that you can guarantee that will get rich is your broker.

    In my previous life I was a stock broker for a very large mutual fund. I help thousands of clients and very few (<10) could beat the market.
    Which is precisely why I stick to my index funds.
    "He defended the cause of the poor and needy, and so all went well. Is that not what it means to know me?" Jeremiah 22:16

  11. #11
    Quote Originally posted by Brocktoon View post
    There is a reason why brokers individual investors "dumb money."

    Invest in no load, index funds with a low expense ratio...or the only person that you can guarantee that will get rich is your broker.

    In my previous life I was a stock broker for a very large mutual fund. I help thousands of clients and very few (<10) could beat the market.
    That pretty much affirms what I've been told in the past. You have better odds going to the casinos down on the Coast or in Vegas.
    When did I go from Luke Skywalker to Obi-Wan Kenobi?

  12. #12
    Cyburbian Brocktoon's avatar
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    Quote Originally posted by Whose Yur Planner View post
    That pretty much affirms what I've been told in the past. You have better odds going to the casinos down on the Coast or in Vegas.
    There are many people being paid very high salaries to beat the market...few can do it on a consistent basis. What are the chances that someone trading stocks in their underwear with a day job can do it?
    "You merely adopted the dark. I was born in it,..." -Bane

  13. #13
    Quote Originally posted by Brocktoon View post
    There are many people being paid very high salaries to beat the market...few can do it on a consistent basis. What are the chances that someone trading stocks in their underwear with a day job can do it?
    My dad and I keep getting into that discussion. My mom lets him play with what amounts to his beer and cigarettes money if he drank and smoked. He's done ok, but again he's retired and has the time to do it.
    When did I go from Luke Skywalker to Obi-Wan Kenobi?

  14. #14
    Cyburbian DetroitPlanner's avatar
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    Invest in stocks you know something about.

    Do not panic too early as you will lose your butt (as I did with TRMB several years ago).

    Look for stocks that pay dividends and consider establishing a DRIP program (use your dividends to buy more stocks).

    Have a sister who is a financial planner for high wealth individuals (AKA sis is like Mr. Drysdale and even has an office in Beverly Hills she rarely gets to!)

  15. #15
    Cyburbian Brocktoon's avatar
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    Quote Originally posted by Whose Yur Planner View post
    My dad and I keep getting into that discussion. My mom lets him play with what amounts to his beer and cigarettes money if he drank and smoked. He's done ok, but again he's retired and has the time to do it.
    Nothing wrong with having an a trading account.Trading stocks is a great hobby. I trade stocks from time to time because I enjoy it but I don't do it with my retirement account. Even if he makes 2% a year he is doing better than if he did spending it on beer and smokes.
    "You merely adopted the dark. I was born in it,..." -Bane

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    Cyburbia Administrator Dan's avatar
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    I'm going to be building my stock portfolio back up in the coming months. I'm taking the lazy approach, and just buying BRK-B.
    Growth for growth's sake is the ideology of the cancer cell. -- Edward Abbey

  17. #17
    Cyburbian
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    Blackberry looks so sweet!

    As of this post, Blackberry (Ticker: "BBRY") is tanking in an incredible way!!
    Not inside info. Just look at the stock chart and read the news.

    If I were you, I'd look the stock now... look at it carefully...
    It's sliding down below $8.35/share.

    If I were you, I'd decide what it's worth & pounce on it!

    (After that, don't forget to put in a ceiling price- the price/share you'd sell it at.)

    Got it on a "Hail Mary" bid last Friday at $8.02/share. Not gonna tell ya how many shares or my ceiling price!
    Trading vehicle of choice: a really, really cheap online brokerage account. They don't give you any advice or help you at all. It's total DIY.

    Who knows, ya'll may be laughing at my advice soon.
    But probably not... Not about this, anyway.
    Last edited by Shellac And Vinyl VelocitY; 23 Sep 2013 at 9:53 AM. Reason: Added "ceiling price" reminder.

  18. #18
    Cyburbian ofos's avatar
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    Quote Originally posted by Seana View post
    Who knows, ya'll may be laughing at my advice soon.
    But probably not... Not about this, anyway.
    No offense intended, but a New Yorker using/misusing y'all is like a Texan trying to say fuggedaboutit. Makes me miss the whole point of the post.
    “Death comes when memories of the past exceed the vision for the future.”

  19. #19
    Cyburbian
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    Quote Originally posted by ofos View post
    No offense intended, but a New Yorker using/misusing y'all... . . . Makes me miss the whole point of the post.
    BINGO










  20. #20
    Cyburbian dw914er's avatar
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    Quote Originally posted by Seana View post
    As of this post, Blackberry (Ticker: "BBRY") is tanking in an incredible way!!
    Not inside info. Just look at the stock chart and read the news.

    If I were you, I'd look the stock now... look at it carefully...
    It's sliding down below $8.35/share.

    If I were you, I'd decide what it's worth & pounce on it!

    (After that, don't forget to put in a ceiling price- the price/share you'd sell it at.)

    Got it on a "Hail Mary" bid last Friday at $8.02/share. Not gonna tell ya how many shares or my ceiling price!
    Trading vehicle of choice: a really, really cheap online brokerage account. They don't give you any advice or help you at all. It's total DIY.

    Who knows, ya'll may be laughing at my advice soon.
    But probably not... Not about this, anyway.
    Were they planning on releasing a product anytime soon?
    And that concludes staff’s presentation...

  21. #21
    Cyburbian
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    Quote Originally posted by dw914er View post
    Were they planning on releasing a product anytime soon?
    To recap what I wrote above: "Read the news about BlackBerry; analyze a few stock charts; and decide what price you think it's worth." For us 99-percenters, making money on stocks takes extra work!

    Turning to another stock, J.C. Penney ("JCP") also appears to be sinking--and for good reason. I did a "Hail Mary" price limit order for some JCP shares. (In plain English, I bid for a really low price that I may or may not get.)

  22. #22
    Cyburbian btrage's avatar
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    I've been enjoying Mark Cuban's comments regarding Wall Street on Twitter recently. He's not a big fan.
    "I'm very important. I have many leather-bound books and my apartment smells of rich mahogany"

  23. #23
    Cyburbian michaelskis's avatar
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    No. I don't buy single stocks and I don't take financial advice from people who are not financially independent. (Make more passive income from investments than they live on)
    If you want different results in your life, you need to do different things than you have done in the past. Change is that simple.

  24. #24
    Cyburbian AG74683's avatar
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    Quote Originally posted by dw914er View post
    Were they planning on releasing a product anytime soon?
    No, they are looking at becoming a private company, in a deal worth around 4.7b. I guess the largest stock holder for Blackberry is aiming to buy all the shares that the company holds at 9$ each. The deal isn't set in stone though, so if other companies have any interest there is some idea that a potential bidding war could break out. Blackberry had an awful quarter though, losing around 1 billion. I think that would steer everyone clear of them.

  25. #25
    Cyburbian ColoGI's avatar
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    That whole game is rigged. That's why they have so many commercials out now to try and get you to give them more money.

    Harold Pollack has it right:

    -------
    Give a man a gun, and he can rob a bank. Give a man a bank, and he can rob the world.

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