[ale] OT: Stock Traders?

[Kevin O'Neill Stoll]

Open a roth with sharebuilder.com, invest in a nice index
fund, forget about the money for, oh let's say 15 years?
Then check up on how it's doing. You might have 150,000.


Seriously, though. Any investing I do I use a buy/hold
stratgy. If I buy a stock today, I don't intend on selling
it for at the least 10 years.


Jut my $0.02, no pun intended.


--- "Robert L. Harris" <Robert.L.Harris at rdlg.net> wrote:
> 
> 
> 
> 
> 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
> > > 
> > > _______________________________________________
> > > Ale mailing list
> > > Ale at ale.org
> > > http://www.ale.org/mailman/listinfo/ale
> > > 
> > _______________________________________________
> > Ale mailing list
> > Ale at ale.org
> > http://www.ale.org/mailman/listinfo/ale
> 
> :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
> 

> ATTACHMENT part 2 application/pgp-signature 



=====
Kevin Stoll
http://kevinstoll.com/

OpenSource Software...FREE!
Angering Bill Gates...priceless.
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