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#1
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Stock Market Pickings and Investment Ideas
I'll start. I began with XX of my savings (money set aside for my own use, wife takes everything else ) back in September of last year. Took a lot of risks and made a lot of mistakes along the way, but at the end of the day my portfolio is up 900% after 6 months of trading. Sold everything yesterday on a high. Not too bad for a novice trader. Right now i'm eyeing a few penny stocks and looking for a good entry point. OCGN, OZSC, NIO, and TLSS are a few that i've been studying up. Made my money on FCEL, had it while it was around 2 bucks. Sold and got back in a few times prematurely, but finally held til $28. If I decided these companies aren't worth investing after my due diligence study, I'll probably wait til AT&T drops to 25 or 26 then get it and watch it grow. It's a pretty safe high dividend stock, around 7% annual yield. Any good tips and investments you guys wish to share? p.s. edited to remove actual figures. The amount doesn't seem relevant to the discussion.
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2003 X5 4.6is Estoril Blue, acquired March 2018 2013 128i M Sport 6 MT Space Grey daily driver 2010 535xi 6 MT Barbera Red Last edited by Maruzo; 02-10-2021 at 05:47 PM. |
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#2
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First, super novice here. What platform are you using? We recently paid off almost all of our credit cards and have been saving so have been thinking of starting to "dabble" with disposable income. We'll see.
Nothing invested at current (beside managed 401k and rIRA). I don't really like the market much as I view it as legalized gambling. Which is fine, I have no problem with legalized gambling. You can do due diligence but at the end of the day the market is at the whim of public (and private) sentiment. I find it regularly moves on sentiment rather than results. Which can make you a lot of money if you move in and out. But in general, long term investment will always net you 10-20% over just about any reasonable time period depending on how aggressive you have it managed. That said, I made money with AMD. My Dad would have really made a killing (he has a lot more working capital) if he hadn't gotten cold feet @ $19. Got him in at ~$12 (I don't ever pick individual stocks so it took awhile to convince him, I tried to get him in at $6/share), went up to $40 and back down to $19. He sold the position. Told him it was a mistake and he bought back in at double the shares when it got up to $30. I sold at $80. He's still in with a sell @ $100. FWIW I also tried to get him to buy Tesla near the bottom (~April 2020 I guess) when they hit $300. THAT would have made him a ton. But he didn't want to buy 100 shares of it at that price. He likes to invest in 100 share increments. Also tried to get him into Apple at the bottom, but got the same result. He's doing well anyway. He's beating returns in his managed portfolio by multiples with his "play" portion.
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2005 X5 4.4i Build 04/05 Maintenance/Build Log Nav, Pano, Sport (Purchased 06/14 w/ 109,000 miles) (Sold 8/15 w/121,000 miles) 2006 X5 4.8is Build 11/05 Maintenance/Build Log Nav, DSP, Pano, Running Boards, OEM Tow Hitch, Cold Weather Pckg (Purchased 08/15 w/ 90,500 miles) 2010 X5 35d Build 02/10 Nav, HiFi, 6 DVD, Sports Pckg, Cold Weather Pckg, HUD, CAS, Running Boards, Leather Dash, PDC, Pano (Purchased 03/17 w/ 136,120 miles) |
#3
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I actually started my entry with amd as well. Bought and sold numerous times and made enough to buy my 128i M Sport. Love this new to me daily driver. My recent entry last year with fcel is more risky. Watched it on the sidelines for over 6 months before I got in. Still I got in relatively cheap around 2.85. It's certainly legalized gambling and it has it windfall and downside. But like anything worth having in life, you gotta take that leap of faith.
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2003 X5 4.6is Estoril Blue, acquired March 2018 2013 128i M Sport 6 MT Space Grey daily driver 2010 535xi 6 MT Barbera Red |
#4
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Yes, I'll start messing around with it after finishing paying off our credit cards. We hit them hard last year and knocked out 80% of that debt. Should finish it this year and that will free up quite a lot of duckets every month.
You using a broker or one of the app based firms for your trading?
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2005 X5 4.4i Build 04/05 Maintenance/Build Log Nav, Pano, Sport (Purchased 06/14 w/ 109,000 miles) (Sold 8/15 w/121,000 miles) 2006 X5 4.8is Build 11/05 Maintenance/Build Log Nav, DSP, Pano, Running Boards, OEM Tow Hitch, Cold Weather Pckg (Purchased 08/15 w/ 90,500 miles) 2010 X5 35d Build 02/10 Nav, HiFi, 6 DVD, Sports Pckg, Cold Weather Pckg, HUD, CAS, Running Boards, Leather Dash, PDC, Pano (Purchased 03/17 w/ 136,120 miles) |
#5
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E*TRADE and TD Ameritrade
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2003 X5 4.6is Estoril Blue, acquired March 2018 2013 128i M Sport 6 MT Space Grey daily driver 2010 535xi 6 MT Barbera Red |
#6
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Truer words have never been spoken. It was great fun watching the fellas over on Robinhood stick it to The Man with that Gamestop short squeeze. Lot's of popcorn being eaten while watching Senators & financial talking heads explain how it's OK when institutions collude to move price for monetary gain, but it's somehow bad when retail traders do it. I've been trading currency for over a decade and I've seen banks, brokers and governments pull some of the most wicked stop-grabbing imaginable. Still, more profitable than dumping it into a 401k that only leaves you holding longs, like a cow on the slaughterhouse floor.
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#7
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2003 X5 4.6is Estoril Blue, acquired March 2018 2013 128i M Sport 6 MT Space Grey daily driver 2010 535xi 6 MT Barbera Red |
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