[ale] OT: Stock Traders?

[Robert L. Harris]

If I cash it I losose 30% outright as is.  If I leave it in stocks I
don't.  Plus as long as I don't cash it out it's not real money and can
just be characters on the screen.


Thus spake Zyman, Andy (zymana at hra.nyc.gov):

> Good input Douglas.
> 
> Plus you have to pay at least 30% to Uncle Sam..
> So i would join the idea of cashing 150 and going to spend it in casino..
> 
> > -----Original Message-----
> > From: Douglas Bridges [mailto:ale at politicalpurpose.com]
> > Sent: Thursday, April 24, 2003 3:18 PM
> > To: ale at ale.org
> > Subject: Re: [ale] OT: Stock Traders?
> > 
> > 
> > No offense, but $150 is not really enough to do any investing 
> > with if you 
> > expect to make any money.  Assume that you put it all in one 
> > stock, and you 
> > pay a commission of $15 to purchase that stock.  Then you 
> > will need to get a 
> > 12% gain on the stock to get back to even.  That is a type of 
> > gain that would 
> > take about two years on a lower risk stock, and probably one 
> > year on a high 
> > risk stock.  But, then you still also have to cover the 
> > commission to sell 
> > your stock. Thus (assuming a $15 commission to sell stock) 
> > you would need to 
> > take your stock from $135 to $165 to be able to break even 
> > when you liquidate 
> > your stock.  
> > 
> > I would also like to suggest that you stay away from day 
> > trading.  First, you 
> > have to invest enormous amounts of money in it to minimize the above 
> > mentioned commission problems. Second, day trading is really 
> > just gambling.  
> > You are putting money into a stock hoping that it will do 
> > better quickly.  If 
> > there were a way to determine that a stock is going to do 
> > well quickly, 
> > everyone else would have already invested in the stock.  If 
> > you just want to 
> > have fun, take the $150 dollars to the Silver Star Casino in 
> > Philidelphia, 
> > MS, and have fun at the poker table.
> > 
> > However, I do not want it to sound like investing in stock in 
> > a bad thing.  I 
> > highly recommend it.  But, you should investigate stocks for 
> > long term 
> > potential gains, and then invest your money and keep it in 
> > them.  If you need 
> > general advice in how to manage money, including investing, 
> > insurance, and 
> > all of those other things, I highly recommend getting the 
> > book, Personal 
> > Finance for Dummies by Eric Tyson.  The author does not 
> > promote any crazy 
> > schemes or wierd strategies.  He just shows how to minimize 
> > transactions 
> > costs, and make your money grow faster than inflation.
> > 
> > Sorry for the rant,
> > 
> > Doug Bridges
> > 
> > On Thursday 24 April 2003 02:52 pm, Robert L. Harris wrote:
> > > Anyone here do any day trading as a hoby/investment?  I've 
> > got a little
> > > ($150) I can play with in stock and thinking of just 
> > messing with it.
> > > Looking for some tips, good news sites, etc.
> > >
> > > Robert
> > >
> > > :wq!
> > >
> > > 
> > --------------------------------------------------------------
> > -------------
> > > Robert L. Harris                     | PGP Key ID: E344DA3B
> > >                                          @ x-hkp://pgp.mit.edu
> > > DISCLAIMER:
> > >       These are MY OPINIONS ALONE.  I speak for no-one else.
> > >
> > > Diagnosis: witzelsucht
> > >
> > > IPv6 = robert at ipv6.rdlg.net	http://ipv6.rdlg.net
> > > IPv4 = robert at mail.rdlg.net	http://www.rdlg.net
> > 
> > _______________________________________________
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> > 
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:wq!
---------------------------------------------------------------------------
Robert L. Harris                     | PGP Key ID: E344DA3B
                                         @ x-hkp://pgp.mit.edu 
DISCLAIMER:
      These are MY OPINIONS ALONE.  I speak for no-one else.

Diagnosis: witzelsucht  	

IPv6 = robert at ipv6.rdlg.net	http://ipv6.rdlg.net
IPv4 = robert at mail.rdlg.net	http://www.rdlg.net

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