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General Registry Discussion Topics of Interest (Mach 1 Related or otherwise) for discussions that don't fit other forums. |
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08-08-2007, 12:34 AM | #1 |
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who here is an investor?
As far as day trading goes. I know there are alot of online places with different fee's and such to do it yourself. Anyone have any recomendations. I know all the risks and all that stuff obviously. Just looking for some help as far as the websites go
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99 Mustang LX SOLD 99 Honda Accord Coupe EX V6 SOLD 00 3.8 V6 Chevy Impala Candy & Chameleon - Kicker 06ZX7501 Kicker COMPVR 07D-CVR-122 Jensen VM9312 SOLD 04 Mach 1 Azure Blue w/ IUP transgo shift kit 8K HID smoked projectors 8K HID smoked fogs c/f grill stealth license plate bracket black out tail lights side markers and 3rd brake light optima red top 20" SOLD 07 300C Inferno Red Lux Group II sunroof uconnect limo tint volant CAI, Stealth 93 CAI Tune |
08-08-2007, 01:52 AM | #2 |
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Re: who here is an investor?
I trade frequently as im going to college for trading. But i have used http://www-us.computershare.com/default.asp
Last edited by my305pony; 08-12-2007 at 05:17 PM. |
08-08-2007, 02:30 PM | #3 |
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Re: who here is an investor?
One here, but I can't help you out with websites. When it comes to investing, and me listening/taking someone's advice, I prefer to see them face to face
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2003 Black Cobra Build #2224 of 8394 Born: 08/19/02 Mods: nothing worth noting... right now Jamie: custom pedal mountain bike built by me Bettie: 2004 Black Mach 1 (sold but not forgotten) |
08-08-2007, 02:43 PM | #4 | |
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Re: who here is an investor?
Quote:
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2004 Mach 1 IUP/5spd/DSG Engine, etc done...sits in the garage |
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08-08-2007, 03:16 PM | #5 |
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Re: who here is an investor?
Gramer is overrateed, so bee spellin.
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_____________________________________________ 2003 Mach1 AB 5spd 2004 Mach1 TR 5spd (sold) 1933 Ford 3W Coupe (4.6 dohc Stack Injection) 2003 Cobra TR (sold) 2014 Mustang GT (Track Pack) in Black |
08-08-2007, 03:38 PM | #6 |
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Re: who here is an investor?
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08-08-2007, 07:59 PM | #7 |
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Re: who here is an investor?
hahahaha
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2004 Mach 1 IUP/5spd/DSG Engine, etc done...sits in the garage |
08-08-2007, 08:17 PM | #8 |
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Re: who here is an investor?
Over the years I have invested big bucks in beer and women. The rest of my money was just wasted. :ORANGE:
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_____________________________________________ 2003 Mach1 AB 5spd 2004 Mach1 TR 5spd (sold) 1933 Ford 3W Coupe (4.6 dohc Stack Injection) 2003 Cobra TR (sold) 2014 Mustang GT (Track Pack) in Black |
08-09-2007, 08:20 AM | #9 |
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Re: who here is an investor?
Me....I live off investment income. Mostly stock dividends from long term investments.
But hardly a day goes by where I don't buy or sell something, either stocks, bonds, or stock options. I've been selling a lot of covered calls and naked puts lately. Use Scott Trade, E Trade, Ameritrade, or one of those. They have simple trading platforms with easy account opening process. And they are safe places to keep money in cash form as well.
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Ralph Greene SOLD 03 Mach 1 (Torch Red) 5 Speed Manual Real Ford FR 500 18X9 Wheels 255X40X18 Michelin Tires Steeda Sport Springs (isolators in) Tokico HP Struts/Shocks Steeda 4 bolt CC Plates Poly Offset Steering Rack Bushings Steeda TriAx Shifter Magnaflow X/Cats Bassani Catback with Removable Baffles |
08-09-2007, 08:45 AM | #10 |
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Re: who here is an investor?
Yep, day trading is a dangerous game. You need to invest for the long haul. If you start investing just $200 a month for 30 years when you're young (early 20's) in a moderate mutual fund or 401k, you can easily retire very comfortably later on in life, basically living off of the interest, which is great because then it doesn't matter how long you live as long as you never spend beyond the annual interest.
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2003 Black Mach 1 (Sold) 277/301 RWHP/TQ SAE(stock) 1996 Laser Red Cobra |
08-09-2007, 09:43 AM | #11 | |
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Re: who here is an investor?
Quote:
I am investing about $3000 a year from 21-50 and I am retiring when I am 50 (at the latest)...I should have about $3 million in the bank.....and 50 mustangs in a garage haha
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Current Rides: 2011 Ford Fusion 2003 MG Terminator, 2.3 whipple Previous Rides: 2003 DSG Lightning, 486/586, 12.09@111.25 2007 F150 Lariat 4wd Screw 2004 OW Mach 1, auto, 1 of 179 2003 DSG Mach 1, 574 rwhp / 528 rwtq 2003 DSG Mach 1, 13.1 @ 109.1 1988 Mustang GT, stock 1967 TB Coupe, project 1965 Fastback 2+2, A-code |
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08-09-2007, 09:46 AM | #12 | |
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Re: who here is an investor?
Quote:
If you put $20 in a slot machine, you will most likely get nothing but air. If you put $20 into stocks....you own a piece of a company....basically And, if you loose some money in stocks....then you have a nice tax write-off Just remember though, if you buy stocks and they drop in price, you have not lost any money....you do not loose any money til you sell them.
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Current Rides: 2011 Ford Fusion 2003 MG Terminator, 2.3 whipple Previous Rides: 2003 DSG Lightning, 486/586, 12.09@111.25 2007 F150 Lariat 4wd Screw 2004 OW Mach 1, auto, 1 of 179 2003 DSG Mach 1, 574 rwhp / 528 rwtq 2003 DSG Mach 1, 13.1 @ 109.1 1988 Mustang GT, stock 1967 TB Coupe, project 1965 Fastback 2+2, A-code |
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08-09-2007, 10:37 AM | #13 |
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Re: who here is an investor?
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08-09-2007, 10:54 AM | #14 |
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Re: who here is an investor?
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2009 F150 Super Crew Lariet 4x4 Loaded!! Project(s)-- 89 Mustang LX hatchback 4 banger being made into V8 play toy...let the fun begin!! 2003 MACH 1 --Torch Red 5spd DOA 3/6/09 RIP |
08-09-2007, 11:12 AM | #15 |
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Re: who here is an investor?
Some good advice given here. I will also add: Make sure you locate good funds to invest in, and diversify. If your employer has a 401K plan, that's just gravy, fund it up and watch it grow. ALWAYS invest a portion of EVERY paycheck. Next, set yourself up with an automatic withdrawel direct into your investments. Don't rely on doing it yourself every 2 weeks... it's easier if it's invested automatically BEFORE you get your hands on each paycheck. You can live without that additional paycheck money now, and you come to not miss it. Getting rich is very do-able with this simple plan and some time.
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08-09-2007, 11:20 AM | #16 | |
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Re: who here is an investor?
Quote:
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2003 Mach 1 Azure Blue 5 speed/IUP Sold 10/3/12 |
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08-09-2007, 11:42 AM | #17 |
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Re: who here is an investor?
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2003 Black Mach 1 (Sold) 277/301 RWHP/TQ SAE(stock) 1996 Laser Red Cobra |
08-09-2007, 12:20 PM | #18 |
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Re: who here is an investor?
Most of us don't like to get too personal on here, but if it help someone's resolve to grow wealthy, I will share my story.
In the early 80's, in my early 40's, I was divorced and dead broke with about $20,000 in credit card debt, 3 car payments, mortgage payment, 3 kids in school, and child support and alimony to pay. Things were bleak, even though I was making well over 100K per year at Merrill Lynch as a financial advisor to wealthy clients....people who had already made their money. Shorty after that period, I happened to read a book by Thomas Stanley titled "Marketing to the Affluent" (basically who they were and weren't) and then he later wrote the book "The Millionaire next Door". I decided I wanted to be the "Millionaire next door" in my community. And I understood that what most people consider signs of wealth....are really signs of debt (big houses and fancy cars) ....not wealth. That's why it's important to live a simple life. So I started saving and investing in every tax advanteged way I could. By the late 80's, when kids finished school, I was able to step that up with after tax investments. I retired in 1998 with 44,000 shares of Merrill Lynch stock worth $80 per share, and also had a large portfolio of other stocks, paid for house and cars. My biggest one time single investment success came when I decided to buy AOL in mid 90's. Bought 2200 shares around $25 per share, and within 2 years with splits it became over 16,000 shares over $70 per share, which I sold most of and as I recall paid $400,000 in fed taxes that year. So invest slowly and carefully, but don't overlook the value of a good "hunch". So I'm now 66, retired. OK financially I think, but still basically living a somewhat plain simple life....like in the book "the millionaire next door". If this small town Western North Carolina farm boy can do it, anyone can do it. Just get started now. BTW....Edit addition.....Most millionaires (people will investible assets if one million excluding their home value) in this country are ordinary people, certainly mostly NOT Doctors and lawyers. They mostly own small businesses.... dry cleaners, gas stations, plumbing and electrical businesses, auto repair shops, stuff like that. Just ordinary folks....except they work very hard.
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Ralph Greene SOLD 03 Mach 1 (Torch Red) 5 Speed Manual Real Ford FR 500 18X9 Wheels 255X40X18 Michelin Tires Steeda Sport Springs (isolators in) Tokico HP Struts/Shocks Steeda 4 bolt CC Plates Poly Offset Steering Rack Bushings Steeda TriAx Shifter Magnaflow X/Cats Bassani Catback with Removable Baffles Last edited by Ralph Greene; 08-09-2007 at 01:22 PM. |
08-09-2007, 01:17 PM | #19 |
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Re: who here is an investor?
Very cool!! Thanks for sharing.
Do you have any advice/things to look at/other books to read for someone young that is wanting to get into this sort of thing? Thanks. |
08-09-2007, 01:28 PM | #20 |
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Re: who here is an investor?
I hear Don Lapre can help make you a millionaire. Or Carleton Sheets. Sounds like a good investment. Give them money :LAUGH:
Seriously, though, like Ralph says, live simple. You can't make money by spending it. Learn about things like a Roth IRA, etc. Learn the difference between good debt and bad debt.
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2003 Black Cobra Build #2224 of 8394 Born: 08/19/02 Mods: nothing worth noting... right now Jamie: custom pedal mountain bike built by me Bettie: 2004 Black Mach 1 (sold but not forgotten) |
08-09-2007, 01:42 PM | #21 |
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Re: who here is an investor?
Yes....Go read all of Dr Stanleys books.
And also understand that investment real estate, stocks, bonds, precious metals, cash, etc are investment classes. When everyone gets the "notion or belief" that you can't lose money in one of these investment classes, then look out, most likely investors are geting ready to lose money in one of them. Example is leveraged real estate now and tech stocks in the late 90's. Maybe Chinese stocks will disappoint next, since most folks think that is sure thing. You have to think a little outside the box and avoid doing the same as the crowd. I also think you have to understand about business cycles. How long they usually last, what investments do well at each stage of the cycle, etc. IMHO the problems of the current investment markets are perfectly normal. We are currently ending a business cycle began in March 02 (I think). Stocks are struggling, leavereged real estate is collasping, Fed can't decide whether to raise rates to fight inflation or lower them to help investors....all this right on schedule I think. At some point the Fed will lower rates to avoid the next recession by encouraging folks to borrow and spend....it doesn't usually work. We will have a recession or business slow down usually lasting on average since WW11 about 18 months, then off to good times again with another beginning of a business cycle. It will be number 12 since WW 11, depending on how you count. And again certain investments will do well and poorly at each stage of this cycle. I believe you need to think this way first, before you think about individual investments....Where are we in the business cycle now? That's how I look at it, and how I decide how to invest my money. I like cash right now (for uninvested money) making 5% or so in Vanguard (check out their web site....best low fee mutual fund company) money fund. I probably wont sell any of my long term hold stocks, the ones that raise their dividends each year at about the inflation rate, even though I think they will go down for a while. Good luck. MHO
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Ralph Greene SOLD 03 Mach 1 (Torch Red) 5 Speed Manual Real Ford FR 500 18X9 Wheels 255X40X18 Michelin Tires Steeda Sport Springs (isolators in) Tokico HP Struts/Shocks Steeda 4 bolt CC Plates Poly Offset Steering Rack Bushings Steeda TriAx Shifter Magnaflow X/Cats Bassani Catback with Removable Baffles Last edited by Ralph Greene; 08-09-2007 at 01:58 PM. |
08-09-2007, 01:50 PM | #22 | ||
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Re: who here is an investor?
Quote:
Quote:
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99 Mustang LX SOLD 99 Honda Accord Coupe EX V6 SOLD 00 3.8 V6 Chevy Impala Candy & Chameleon - Kicker 06ZX7501 Kicker COMPVR 07D-CVR-122 Jensen VM9312 SOLD 04 Mach 1 Azure Blue w/ IUP transgo shift kit 8K HID smoked projectors 8K HID smoked fogs c/f grill stealth license plate bracket black out tail lights side markers and 3rd brake light optima red top 20" SOLD 07 300C Inferno Red Lux Group II sunroof uconnect limo tint volant CAI, Stealth 93 CAI Tune |
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08-09-2007, 01:52 PM | #23 |
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Re: who here is an investor?
Im almost done reading a book by Robery Kiyosaki called the cashflow quadrant. its pretty good and I recommend it to everyone.
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99 Mustang LX SOLD 99 Honda Accord Coupe EX V6 SOLD 00 3.8 V6 Chevy Impala Candy & Chameleon - Kicker 06ZX7501 Kicker COMPVR 07D-CVR-122 Jensen VM9312 SOLD 04 Mach 1 Azure Blue w/ IUP transgo shift kit 8K HID smoked projectors 8K HID smoked fogs c/f grill stealth license plate bracket black out tail lights side markers and 3rd brake light optima red top 20" SOLD 07 300C Inferno Red Lux Group II sunroof uconnect limo tint volant CAI, Stealth 93 CAI Tune |
08-09-2007, 03:48 PM | #24 |
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Re: who here is an investor?
If anyone is interested in how to spend money like crazy, my wife is writing the book on that subject now.
Actually, she's still in the research phase.
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_____________________________________________ 2003 Mach1 AB 5spd 2004 Mach1 TR 5spd (sold) 1933 Ford 3W Coupe (4.6 dohc Stack Injection) 2003 Cobra TR (sold) 2014 Mustang GT (Track Pack) in Black |
08-09-2007, 07:20 PM | #25 |
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Re: who here is an investor?
hahahaha
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99 Mustang LX SOLD 99 Honda Accord Coupe EX V6 SOLD 00 3.8 V6 Chevy Impala Candy & Chameleon - Kicker 06ZX7501 Kicker COMPVR 07D-CVR-122 Jensen VM9312 SOLD 04 Mach 1 Azure Blue w/ IUP transgo shift kit 8K HID smoked projectors 8K HID smoked fogs c/f grill stealth license plate bracket black out tail lights side markers and 3rd brake light optima red top 20" SOLD 07 300C Inferno Red Lux Group II sunroof uconnect limo tint volant CAI, Stealth 93 CAI Tune |
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