Online brokers
- Thread starter twojman
- Start date
I have been happy with Scottrade.com for a couple years now. If I invest in Mutual Funds I typically go straight to Vanguard.com and do it direct. However, I've been only been in money markets and bonds for 6-months now letting everyone else lose their money in the stock market. I'm expecting the market to look attractive again sometime during the 2nd half of 2008.
My uncle struck it rich in the Mutual Funds and is living super wealthy. Safe way to go with he money. Can I ask what Mutual Funds you are investd in?
I use Ameritrade, I have used E-trade in the past, but I liked Ameritrade a little better. They had a better no load automatic deposit fund setup for me.
I'm primarily in money markets and bond mutual funds right now. However, I do have a good chunk of money in an Agriculture Mutul Fund and an Ag Exchange Traded Fund as the Ag market should be a bull market for at least 3 - 5 years until we see what happens to Ethanol and if the Emerging 2nd and 3rd world countries continue to demand our commodities. Another place to look into is Energy Mutual Funds (although they exploded in 2007 and probably don't have much steam left for 2008 in my opinion). Funds that invest in Canada are also attractive at the moment. I wouldn't touch domestic stocks for awhile. If you use Yahoo finance ETF or Mutual Fund finder you can look up funds in all the areas I mentioned above.
Everyone thinks you can't time the market, which in general I agree with. However, there are definate uptrends and downtrends which the average investor like us can take advantage of, as well as industry specific investments. For the average Joe, I'd recommend sticking $X amount a month into a group of mutual funds and leave it alone for 30 years. But, if you like to read up on different industries, study history and recognize trends, there is some money to be made in the world of mutual funds.
Last edited:
i'm lookin into some low price stocks or maybe even some penny stocks. Anyone got their eye on a couple stocks right now? I was looking at csco, jdsu, and a couple other technology companies.
Anybody wanna list a couple that they currently have, or are thinking about purchasing stock in?
Anybody wanna list a couple that they currently have, or are thinking about purchasing stock in?
Penny stocks or real stocks?
I do mostly mutual funds and then only buy stocks in companys I personally like. Right now I own Costco and Target as my only two majorly held companies. But with the way my wife shops, I am making most of the money she spends back in dividends.
I do mostly mutual funds and then only buy stocks in companys I personally like. Right now I own Costco and Target as my only two majorly held companies. But with the way my wife shops, I am making most of the money she spends back in dividends.
I hear that's what a lot of people base their stock buying on, whether or not they like to shop there or spend a bunch of money there knowing its going to help their stock.
All my actual money I want to grow is in mutual funds because lets face it, these guys have forgotten more than I will ever know about it.
That is what I did, but I did it 4 years ago, so they are still twice what they were then. If you believe long term in that company buying at a low point is good.
Believe it or not, I am looking into the financial sector. They have been beaten up a lot lately and think there will be some bargains real soon! Most of the companies are very sound and pay some pretty decent dividends (something I am looking for). I anticipate a pretty good uptick in the late second quarter for these stocks. The first quarter may still be a blood letting though.....
i'm still fairly new in stocks, but i'm very interested in putting money into something that I can keep long term as mostly everything will go up over long term. What is the symbol for Goldman and Sachs?
As a wedding present to my wife and I my parents gave us $5000 to invest in DRIP (Dividend Reinvestment Program) stocks that they own to begin building a supplemental retirement fund. Basically, how it works is instead of getting a cash dividend sent to us they go ahead and reinvest that dividend into the company and we get percentages of shares in return. What you do is continue to let the interest reinvest itself over 30 or so years, and over those 30 years you also purchase additional shares, and by the time you're ready to retire you start selling them off and you have capital to work with. Some of these DRIPs that we own are in Anheuser Busch (naturally had to own Budweiser :wink
, Coca Cola, BP, ExxonMobil, Johnson & Johnson, Southern Co., among others.
, Coca Cola, BP, ExxonMobil, Johnson & Johnson, Southern Co., among others.
I'm just confused on what to look for ina good stock. I've been told it doesn't matter if they are at their low or highor how much the price pershare is, its more of what youc an get out of your money. I'm just stuck on teh fact that I was told that to buy a mutual fund at 250 bucks a share with 4 shares is 1000 bcks. To me i would rather buy 100 shares of 10 dollar stocks because a slight raie in that price Iwould make more money then a slight raise i the 250 dollar mutual fund...What to think?
