Finance/Investing ITT

[Vedubin01]

E-trade has a dark past. Stick with something solid. Scottrade will allow you to start an account with only $500 and with $7 trades.

[Alkasquawlik]

So obviously some of you guys use Scottrade. Any use e-trade?
I'm trying to figure out which one is the best to start out small with.

[Vedubin01]

I picked up GE when it was at 9 and today its sitting at 14. Up until this last rounds of dividends GE paid out around 10%. Not that bad of an investment. The GE Finance is whats holding them back. But as banks recoup so will GE Finance.

[John Rocker]

I dont like GE, for the fact that they seem to be going the way of GM. They make jet engines, have their own GE financing division, make appliances, own a TV network, etc.

Spread too thin, and have too many focuses. I just really dont get their business model.

[Vedubin01]

Readem and weep:

Looks to me you use Scottrade as well. Though the graph looks really impressive, Send me a copy of your trade history. Then I will be quite Impressed. Currently I am up 46% for the year.

Current investments
CHK
Dow
FSUMF
GE
PVG
PVX
UYM
VICL

[nmlss2006]

If you're willing to accept that the $300 will most probably turn into 0 instead (see poster's previous experience) anything can be done.

[Alkasquawlik]

I wish I could turn $300 into $15k in a couple months. I'd be in an E46 M3 right now.

[John Rocker]

anyone need or want a Scottrade account please pm me. I recommend someone we both will get 3 free trades. Not much but hey.

Id almost call BS on J.R. with his claims to going from $300 march 09 to $14k today August 05 2009.

Readem and weep:



Ive made small deposits along the way, but I mainly accredit it to me taking advantage of the aggregated fear of the banking industry. Like I said, I was buying shares of C @ $1, BAC @ $3, FITB @ $2.50, and WFC (cant remember what I bought in at)




C is now at $3.50ish/share, BAC is @ $17.10, and FITB @ $10.

*edit* at almost 15k today

[Vedubin01]

I'm still kicking myself for not buying Citi stock when it was $0.99 a share in the beginning of March. It is probably still a good buy at ~$3.50 as it sits today.

Gov. owns 60 or so percent of it. No thank you.

Even if you took Ford at its lowest just under $1 back earlier this year. It being the biggest gainer of the list. And it went up 8.44, what it is today at close. you would have increased your investment 8.44 to 1. Or in J.B case $300, he would break with just under $2700 or $2532. Well shy of the $14k one claims. (Ford Motor Co does not pay dividends.)

[BobombETA]

I lost all my money daytrading back in October 08.

Since March 09, I started with $300, and am now up to $14k from trading on BAC, C, WFC, and FITB. I figure Ive roughly tripled my money in about 5 or 6 months.

I'm still kicking myself for not buying Citi stock when it was $0.99 a share in the beginning of March. It is probably still a good buy at ~$3.50 as it sits today.

[nando]

well if you were buying financials and (select) automakers in march, sure. ford was what, $1.48 on march 9? last I looked it was near $9. same with citi, bank of america, etc.

[Vedubin01]

anyone need or want a Scottrade account please pm me. I recommend someone we both will get 3 free trades. Not much but hey.

Id almost call BS on J.R. with his claims to going from $300 march 09 to $14k today August 05 2009.

[gwb72tii]

me

[Turf1600]

I started with VSE, which is virtual stock exchange...http://vse.marketwatch.com/Game/Homepage.aspx ...its a free stock exchange (which uses all real, live, and actual data), but you get fake money (100,000 up to a million)...trust me its a good start and you dont have to spend a penny! In this sporadic market, I would start here...I am a 5th year finance major at cal poly, and this helped me grasp the stock market theories as well as financial derivatives!

That's neat. Thanks for the link.

[Saul325is]

I started with VSE, which is virtual stock exchange...http://vse.marketwatch.com/Game/Homepage.aspx ...its a free stock exchange (which uses all real, live, and actual data), but you get fake money (100,000 up to a million)...trust me its a good start and you dont have to spend a penny! In this sporadic market, I would start here...I am a 5th year finance major at cal poly, and this helped me grasp the stock market theories as well as financial derivatives!