Investing 102 - Lateral-g Forums

**GregWeld** · #1 03-11-2012, 07:45 AM

I'm too fried to comment "much" this morning - after flagging auto X at RTTC for 2 days -- My brain is burned up and so are my feet!

One thing I want people to NOTICE ----- Note how "steady" the steady eddies are in your portfolio on down days. The have these names for a reason and you won't appreciate their "usefulness" until you start to see how they help you. It's not because they jump up leaps and bounds - rather - because they don't sink like rocks on the down side.

They help you stay in the game. If you have a portfolio of wild stuff... it's real fun when it's going up -- not so much when it's coming down.

Think of it like an expense exotic motor -- great to own and lots of fun - up until the time it blows a rod through the block.... "there went $25 grand".... versus blowing up a mild SBC... "there went $25 hundred".

Good to see you guys at RTTC... Many guys came up to me and said they're reading and DOING! Love it!

Bucketlist2012 · #2 03-11-2012, 08:43 AM

Greg...

Welcome Back..

Sounded like a good time..Class act Event , that I missed..

I also believe in managing the "down side"... Very important..

You are right that people need to look at more than just the Money they will MAKE...But what will you LOSE on the bad cycles ??

Although I follow a kinda different Portfolio, I do factor in the LOSS I will take , as much as the GAINS I will make...

Part of the diversity, opposing correlating assets, ect.. Factoring RISK, ect...

**GregWeld** · #3 03-11-2012, 05:20 PM

Actually not "back" --- In Bakersfield at Ironworks -- Bob is doing some digital scan work on the '62 Bubbletop -- then he flies out of here and I take the mega dollar scanner back down to LA... Then.... I might start heading north.

It's at least sunny and warm down here!!!

toy71camaro · #4 03-12-2012, 09:27 AM

Very cool.

got my next three "investments" pending for tomorrow's purchase (no commission).

Tony_SS · #5 03-14-2012, 08:07 AM

Hi Greg.. I have only read the first 5 pages of this thread but you have inspired me to buy my first stocks! However, you said not to buy gold, what reason do you have for this? It matches your advice, that you get paid to wait, and over the last 10 years, the trajectory has been up, as it has been with other precious metals. So I'm just wondering what you have against them?
TIA!

Now, I'm just trying to decide where the best place to manage my online stocks would be. Scottrade anyone?
Tony

Bow Tie 67 · #6 03-14-2012, 10:10 AM

I switched from Scottrade to Schwab, as the latter allows dividend reinvestment.

toy71camaro · #7 03-14-2012, 10:14 AM

I use sharebuilder for my ROTH.

They have promo's occasionally that allow me to "auto buy" stocks on Tuesdays for free. And if your a Costco Exec member you get $2 "auto buy" purchases normally. and $7 "buy it now" purchases. Plus they generally have a free $50 or $75 signup deal.

It also allows me to buy "parts" of a share... So i can simply dump $1k at a stock, and it will buy 17.343 shares (or whatever) gets me to that $1k.

i have a scwhab account, simply for the "tools" they have. I may use that one for my "Personal - non retirement" investing. But havent got that far yet.

Tony_SS · #8 03-14-2012, 10:32 AM

What about http://www.sharebuilder.com/?

The seem good for a starter, no minimums, etc. ?

edit: Thanks Albert, that helps!

Bucketlist2012 · #9 03-14-2012, 10:13 AM

Quote:

Originally Posted by Tony_SS

Hi Greg.. I have only read the first 5 pages of this thread but you have inspired me to buy my first stocks! However, you said not to buy gold, what reason do you have for this? It matches your advice, that you get paid to wait, and over the last 10 years, the trajectory has been up, as it has been with other precious metals. So I'm just wondering what you have against them?
TIA!

Now, I'm just trying to decide where the best place to manage my online stocks would be. Scottrade anyone?
Tony

I recommend Schwab, but I have not seen ScottTrades website, especially if you are an Investor. When you open a Schwab account, you have access to tons of information..IMO.

I don't talk much about my holdings or strategies, but I always thought that 5% in PM's was part of my Diversity plan...Although I have gone much higher than that, it is a personal choice, and I will NEVER be able to recommend it..

But this thread is based on other methods that should be used...If you want to throw in some metals, 5%, that is a personal choice, but one i can't recommend, even though I am in i

But this thread is about doing your homework and being satisfied with what you own because you understand it..That is what I am doing.. But I cannot recommend it..

**GregWeld** · #10 03-14-2012, 06:07 PM

Quote:

Originally Posted by Tony_SS

Hi Greg.. I have only read the first 5 pages of this thread but you have inspired me to buy my first stocks! However, you said not to buy gold, what reason do you have for this? It matches your advice, that you get paid to wait, and over the last 10 years, the trajectory has been up, as it has been with other precious metals. So I'm just wondering what you have against them?
TIA!

Now, I'm just trying to decide where the best place to manage my online stocks would be. Scottrade anyone?
Tony

I've just rolled in from RTTC a couple hours ago and am a bit "rummy" -- but wanted to respond to your gold question.

My feelings about any investment in precious metals are the same - gold or silver etc.

Basically I think there are two trades here -- SPECULATIVE --- which means you're HOPING it goes up from where you bought...

OR

A person is a fatalist -- and sees the world coming to an end and Gold will be the only currency.

I'm not a speculator.... and I don't see our economy becoming so bad that I'll have to use gold as a currency. If I'm going to speculate that the price of an investment is going to go up == then I want to get paid while I wait for that to happen. Dividend stocks or apartment complexes - or commercial real estate are far better long term "speculations" IMHO.

If I thought the worlds currencies were going to collapse --- then I'd have to have ALL my money invested in gold - and I'd have to take possession of it - and probably build a bomb shelter and stock food and water.

But that is also why I own everything I "have" - house - cars - etc. Nobody can take that away from me even if EVERYTHING goes south.