All things STOCKS

#426
#426
Where is a good place to start for getting into stocks? Almost been married a year. Met with a financial advisor and had absolutely no clue what he was saying.
 
#432
#432
InVOLuntary said:
I'm no expert by any means but I think you can do a Roth. It's after tax and grows tax free. There are annual limits.
Click to expand...

I need some books. Good news I took a lot of important political philosophy classes in college to prepare me for life!!! (Blue font)
 
#433
#433
Big Gucci Sosa said:
I need some books. Good news I took a lot of important political philosophy classes in college to prepare me for life!!! (Blue font)
Click to expand...

There's a few guys on here that seem to know their stuff. Thunder is one. I would Google Roth IRA and see whether it will work for you.
 
#434
#434
bignewt said:
I played around with some limits today bought some spotify and some cronos at hopefully good prices.
Click to expand...

Spotify should be a good ST tradable stock. Longer term it's prospects aren't that rosy according to an article that I linked a couple of weeks ago. It's a great product... I've been a premium subscriber for 5 years now and I absolutely love it. But it's different from Netflix in that as Netflix grows subs, their costs rise very little. Spotify must pay higher and higher royalty fees as their subs grow. Also, if I recall the story correctly, they are very dependant on a handful of music rights owners and losing any one of them would be very disruptive.
 
#435
#435
Big Gucci Sosa said:
Where is a good place to start for getting into stocks? Almost been married a year. Met with a financial advisor and had absolutely no clue what he was saying.
Click to expand...

1). Contribute to a 401(k) at work up to the amount that your employer will match.

2). Roth IRA. One of the best tax favorable strategies that a person can take advantage of. There are income limits. If you're within the income limits max it out every year and DO NOT WITHDRAW the funds until retirement (age 59 1/2).

3). Max out Health Savings Accounts.

4). There are other very important things to consider if starting a family. Tax advantaged education savings plans. Term Life insurance. Long Term Disability insurance.

Some public companies have good Employee Stock Purchase Plans... but be careful about being too dependant on a single business. A husband and wife that both worked at Enron and put all of their savings in Enron stock experienced a financial disaster.

Investopedia.com
Motley Fool dot com
The Street dot com
Yahoo Finance dot com

Wikipedia is great as a starting point to learn about individual companies.

The Wall Street Journal
Barron's
Business Week
Fortune Magazine
CNBC
Bloomberg TV
Fox Business Channel
The Nightly Business Report weeknights on PBS

As far as investments, the widely held ETFs that track major indexes are a great place to start. Qs, Diamonds, and Spiders. Also the Select Sector Fund family of ETFs that are comprised of the S&P sectors are excellent. Also Vanguard is a great fund family with very low fees. Schwab has very efficient funds as well.
 
#436
#436
Also, before diving into individual company stocks... get an introductory Accounting textbook and study it every day until you understand the 5 basic accounts.

ASSETS minus LIABILITIES equals EQUITY.

REVENUE minus EXPENSE equals profit or loss. At the end of a period any profit increases EQUITY and any loss will decrease EQUITY

The 5 fundamental accounts of accounting.
 
#437
#437
Big Gucci Sosa said:
Where is a good place to start for getting into stocks? Almost been married a year. Met with a financial advisor and had absolutely no clue what he was saying.
Click to expand...

Don’t ever buy investment from a bank who lends money or someone who sells insurance as their primary purpose.
 
#439
#439
1. Set a goal
2. Have a plan
3. Feed the plan on the monthly basis
4. Dollar cost average works every time
5. Rebalance each year
6. Relax
 
#443
#443
big couple of days for Netflix. First quarter numbers announced after Monday's bell. All forecasts are good.
 
#444
#444
bignewt said:
big couple of days for Netflix. First quarter numbers announced after Monday's bell. All forecasts are good.
Click to expand...

anigif_enhanced-buzz-18590-1415201765-9.gif
 
New posts
You must log in or register to reply here.

VN Store



Back
Top