Ive been trading a few stocks and had some good luck. Does anyone have any recommendations? Specifically Tech stocks. I really like AMD. I doubled my money, got back my initial investment, and still hold shares. I really can not see AMD going bankrupt or being bought out. AMD can not be bought by Intel because it would create a monopoly. There is also some weird reason it can't be purchased by another company because Intel and AMD hold patents together. They are linked together but Intel can't buy them. I guess what I'm looking for are some companies on the up-and-up with some amazing new products/services. Feel free to speculate and throw some ideas around. On a side note, In high school we played the stock market game in personal finance. This was around the time Windows 7 was about to drop. Vista sucked and I had played around with Windows 7 and knew it was a great OS and would eventually catch on. The game ended and I came close to winning. I kept up on my stocks and Microsoft jumped a month later. If the game lasted longer I would have blown everyone out of the water.
I'd actually be interested to hear more about this. How do you personally go by 'trading stocks'. I've heard bits of information about it from here and there, but usually it all ends with "I'd love to tell you more about this, just come and take this course for $$, then buy this plan and let me be your broker. Oh, of course we'll give you some amazing free software, but you can just let us handle everything".
I used to trade tech stocks a few years back. I bought several shares of MSFT in early 2007 and sold them in Q4. I made about $300, so almost enough to pay for my Halo3 console and game. I currently have a few shares of MSFT and a few shares of GOOG. In my non-professional opinion, most tech stocks are a long term investment, but you can usually count on MSFT and SNE having a nice bump around the holiday season every year. Especially this year. hef0p, I do my trading with scottrade. It's an alright site. You just sign up, transfer money into your account, then trade as you see fit. You can cash out and request a check whenever you like. There are other companies that work the same way. Most charge a flat fee per trade. As an example, they would charge $7 per trade, whether that trade is for one share or one-thousand shares.
I would not want to give people advice. People need to learn about what they invest in. You cannot give advice if they don't understand. Right now the market is very high, artificially so. Best stocks to own in a depression situation is mcdonalds, etc.
It really seems much harder than it is. If you have online banking most of them have securities accounts you can sign up for. I have Bank of America and use Merrill Edge. It is 6.95 per transaction. If you have a $1000 dollars you'd be willing to play around with and can make good educated guesses, its not hard to make a couple hundred bucks. I have an etrade account too that is 9.99 per transaction. So if you buy 100 shares of XXX Company they charge $6-10 commission and the same goes for when you sell. If you make money you have to pay capital gains tax.
This is something I have wanted to look into in the past. Any one know of any books or courses that can be vouched for? This is one of those things if you search for all sorts of info comes up and it's hard to sift through it all.
