GT financial types, good source of stock info?

Discussion in 'The Okie Corral' started by Diesel McBadass, Oct 1, 2020.

  1. Diesel McBadass

    Diesel McBadass Tactically Epic

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    Ive been dabbling in stocks. Made some good money on hotels and airlines during pandemic recovery, but now that things are stabilizing, i need to invest in things that will grow in the standard market. Seems most financial info and analysis is behind paywalls or out of date. Any tips for where to get tips on what may be a buy?
     
  2. Glockalong

    Glockalong

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    Bogleheads.org
     
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  3. willie_pete

    willie_pete NRA Life Member

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    I watch CNBC from 12 to 1 and from 5:30 to 6. Lots of good ideas there.

    I wind up watching it most of the day actually.
     
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  4. OXMYX

    OXMYX

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    Vanguard - VTI

    Either dollar cost average or wait for the inevitable correction that wall st does from time to time so that they can buy into the market cheap
     
  5. G26-Has-my-6

    G26-Has-my-6 Fullclip's Life Matters! FLM!!

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    if you do not know, and I mean really KNOW how to invest, you will be far ahead to pay a good financial management company to do it for you. Unfortunately, it's sort of like finding an honest mechanic or contractor. And this is why so many end up giving the market the DIY approach.

    When it comes to investing, there are sharks and there are bait fish. And most of the DIY crowd ends up in the bait fish category.
     
  6. Jonesee

    Jonesee

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    Bogleheads is more analytical. They can get pretty deep.
    Early-retirement.org for easier to read more down to earth advice.

    Both sites are geared for mutual fund investing and investment allocation.

    Individual stocks are a tough way to make money. Most professional money managers using the brightest minds and fastest computers with AI still don't beat the market averages.
     
  7. Jonesee

    Jonesee

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    Don't buy or sell on tips. Buy and sell on analysis. Learning the analysis is a grind, but once learned it is pretty straight forward to get to the numbers. What you decide to do once you have the numbers is the gist of the matter.

    First thing you need to do is start learning. Read from the websites above everyday to learn. Right now you don't know what you don't know. No insult intended.

    Once you get a grip on what you want to accomplish, write an investment plan. Then stick to it. Don't bail as soon as the market turns south.

    Almost 4 decades I've watched and learned and studied the market and I still learn every single day.
     
  8. racer11

    racer11

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    My GF is a personal Financial Advisor Ha Ha,,, sure is nice to sleep with your brooker and get ALL the good deals.
     
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  9. railfancwb

    railfancwb

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    I found this book useful when I was getting started in stock investing. Copyright 1974 I believe, so any “tips” are way beyond out of date. However, the value was primarily helping me develop a philosophy of investing. You may be able to find a copy in your library or one of tge used book specialists. Or maybe inter library loan. 5E1764C8-8BBD-40B4-B8CA-CCA18EABA986.jpeg
     
  10. mhambi

    mhambi κολασμένος

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    I'm just waiting for the $55K gold that GT promised to cash everything in.


    I'll be rich, baby! :dancing:
     
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  11. Jonesee

    Jonesee

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    Glocksanity has left the building.....
    or at least changed his name....... :laughing:
     
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  12. kiole

    kiole

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    FXAIX let the professionals take care of it for you, low fees and is designed to follow the S&P500
     
  13. kiole

    kiole

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    did she sell you whole life insurance?
     
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  14. Wererat

    Wererat

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    1. If you’ve been dabbling you have an account and through its tool lots of current info.

    2. I kinda sense a flavor of get rich quick stock hunting here. Are you really better than professionals and all the machine learning algorithms combined? (I’m not).

    3. If you really want individual stocks, buy what you know and love. I like AMD, so I bought AMD, and it doubled. (Too bad it wasn’t a lot and that I only doubled ... it’s now about 40x what I paid. Still not an expert). Common sense: if they’re making something you like, they might be doing other things right too.

    4. For the 99.9% of us who are not Illuminati, it’s hard to beat a low load total market or S&P 500 fund.
     
  15. The Father

    The Father

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    Buy APPLE.

    Has a pretty good track record. With 5G on the horizon worldwide I cannot see this doing anything but going up the next 20 years.
     
  16. Diesel McBadass

    Diesel McBadass Tactically Epic

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    Im not looking for get rich quick, just dont want to lose, feel even a low yeild but reliable growth stock beats the interest rate of my savings account.

    I had a stock do a 236% gain this year, was a penny stock though so only made 40 bucks. That could have been a get rich deal!

    My bank account has a 0.05% interest, kinda lame. My most reliable stock right now tends to gain half to about a percent per day
     
  17. Jonesee

    Jonesee

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    About your first sentence: "...just don't want to lose..."

    There will be times you will lose. The question is what is your risk tolerance?

    When do you start worrying rather than sleeping sound? When is the pain so much you take a loss and bail? 10%? 30%? 50%? Ride that horse until it dies under you? (I've ridden at least one stock to bankruptcy and liquidation) You will have to take some losses to determine your personal threshold.

    A broadly based, properly allocated portfolio overtime will grow in value. But there are pain points, some severe, along the way.

    People that don't have the risk tolerance, bail in a loss position, then tell everyone how the market is rigged and you lose money...

    Educate yourself, develop a written investment plan and stick to it in good times and bad. You will evolve as an investor as you learn about yourself and investing.

    Start with Early-retirement and bogleheads web sites. Tune out internet articles on markets. Educate yourself on economics as it relates to market movements (inflation, stagflation, recession, the monetary and fiscal tools used during each)

    Or just build a bogleheads 3 fund portfolio, set it and forget it.

    Enjoy your journey!
     
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  18. JohnBT

    JohnBT NRA Benefactor

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    "Or just build a bogleheads 3 fund portfolio, set it and forget it."

    Good advice.

    You will not get advice on buying individual stocks on the bogleheads forum. Maybe, just maybe, you'll be told that when you have future retirement income fully in place, you can take a teeny tiny small percentage for play money and buy a little stock.

    They're - we're - more likely to encourage you to buy a boat than to buy individual shares.
     
  19. Aurora

    Aurora

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    What a pig.

    (I'm jealous).

    V.
     
  20. Z71bill

    Z71bill

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    I think - I use to be pretty good at stock analysis - back when it was a thing -

    I think right now it is more about momentum, FED liquidity and government stimulus. Mix in some politics, which is always talked about like it matters - but is over rated unless it is really specific. Like all guns will be banned would hit the gun and ammo companies.

    Once in a while I convince myself analysis still matters - in the long term it almost has to - but the other factors overwhelm it right now.

    Maybe someone can give me some examples of some current stock analysis that they think matters - I would be interested to see what sort of analytical stuff you all think are important right now -