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    For those of you that "play" the stock market

    What do you read, listen, or watch to keep up on things? I've had some money sitting in some mutual funds for 10 or so years and I'd eventually like to try my hand in investing in a few stocks.

    I'm very diligent in things that I commit to so I would obviously like to try some "fake purchases" of stocks and see how they develop over the course of a few months. Any info anyone could give me on how you became more knowledgeable in the market would be appreciated.


    Now that MBB is back, do we still have to pretend that WBB matters?

    -acgclone

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    Re: For those of you that "play" the stock market

    Updown.com

    This is a fun website to try your hand at. Haven't been on it for awhile, but you definitely learn a lot about the market.



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    Re: For those of you that "play" the stock market

    Quote Originally Posted by ISUonthemove View Post
    Updown.com

    This is a fun website to try your hand at. Haven't been on it for awhile, but you definitely learn a lot about the market.
    That is fantastic. Thanks.


    Now that MBB is back, do we still have to pretend that WBB matters?

    -acgclone

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    Re: For those of you that "play" the stock market

    go to www.cnbc.com do the opposite of what they say the market is going to do.



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    Re: For those of you that "play" the stock market

    Be sure you are comfortable losing a lot of your stock value before you travel the single stock road. You have to have this kind of mindset. I'm not saying you are always going to lose money it's just that the volitility can make you jittery and individual stock purchasing can become very emotional. Individual stocks are extremely risky and mutual funds, although less exciting, are really a much safer way to invest. At a minimum, you would need to invest in 20 different stocks in different industries and categories to have what is a considered a diversified stock portfolio. This can be tough to achieve with smaller amounts of money as trading fees can eat up profits. I use E*trade and most of their analysis uses a variety of sources if you are looking for choices. Good luck!


    Hit it hard, every yard

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    Re: For those of you that "play" the stock market

    buy whatever I sell and sell whatever I buy. You are guaranteed to make a killing because I am guaranteed to lose.



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    Re: For those of you that "play" the stock market

    Quote Originally Posted by cdekovic View Post
    Be sure you are comfortable losing a lot of your stock value before you travel the single stock road. You have to have this kind of mindset. I'm not saying you are always going to lose money it's just that the volitility can make you jittery and individual stock purchasing can become very emotional. Individual stocks are extremely risky and mutual funds, although less exciting, are really a much safer way to invest. At a minimum, you would need to invest in 20 different stocks in different industries and categories to have what is a considered a diversified stock portfolio. This can be tough to achieve with smaller amounts of money as trading fees can eat up profits. I use E*trade and most of their analysis uses a variety of sources if you are looking for choices. Good luck!
    Try the Total Stock Market Index Mutual Funds at various mutual fund families. Boring-yes. Diversified-yes. Respectful returns-yes. Do not need to pay sales commissions and up front loads(sales commissions)-yes. Beat the managed expense heavy funds-yes.
    There are books out there with info written on this stuff.



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    Re: For those of you that "play" the stock market

    Quote Originally Posted by cdekovic View Post
    Be sure you are comfortable losing a lot of your stock value before you travel the single stock road. You have to have this kind of mindset. I'm not saying you are always going to lose money it's just that the volitility can make you jittery and individual stock purchasing can become very emotional. Individual stocks are extremely risky and mutual funds, although less exciting, are really a much safer way to invest. At a minimum, you would need to invest in 20 different stocks in different industries and categories to have what is a considered a diversified stock portfolio. This can be tough to achieve with smaller amounts of money as trading fees can eat up profits. I use E*trade and most of their analysis uses a variety of sources if you are looking for choices. Good luck!
    Good advice overall. The only modification I would make is for no stock to be more than 4% or your total stock market portfolio rather than a 20 stock minimum. You may not necessarily need to have 20+ different stocks if you are adequately diversified for your total portfolio including mutual funds. However, if you purchase individual stocks it is easy to become more heavily weighted in a particular sector than the overall market. That said, it is not always a bad thing to be 'overweighted' in a sector assuming your calculations are correct, you just will not have the same sector distribution as the overall market.



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    Re: For those of you that "play" the stock market

    I'm sure there are places out there that will let you track virtual trades, although i don't know of any off hand. try googling "paper trade stocks".

    That said, here's some friendly advice:

    pay off your debts first.

    avoid "story" stocks - the ones with the amazing products but no revenue.

    listen to conference calls.

    understand that stock message boards and web sites are full of frauds, idiots and outright liars.

    never go all in on one stock.


    I was a victim of a series of accidents, as are we all.

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    Re: For those of you that "play" the stock market

    Quote Originally Posted by erikbj View Post
    go to www.cnbc.com do the opposite of what they say the market is going to do.
    +500, hahaha funniest thing i've heard all night.



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