Time to buy Oil stocks is over. I mean you missed when they lost 70% of their value.
Also invest smart and look at the companies numbers. Don't invest in things you don't know about or don't like. I got totally raped insanely hard by investing in 3 Colombian companies. I bought EcoPetrol (biggest oil company in colombia currently 60% loss), Bank of Colombia (25% loss) and then ETF of Colombia when everyone was saying invest in Latin America.
I actually sold most of my stocks. As I feel most companies are way over valued but buy high and then sell low. Like to buy stocks when a company fks up big time. Like they get hacked, did a oil spill, the whole industry going down the shitter. OR just a company/item I like.
I like Warner Brother stock but just noticed its at 97 USD a share..... way way too high. Thought it had room to grow with Lego Batman coming out next month then if Justice league and wonder woman don't bomb but at almost 100 a share over priced. Def need to sell it when the market opens tuesday.
One stock that I am watching and own is Sprint. Not because I think its a great company but because I feel they will be bought out by Comcast to compete with AT&T. I did purchase the stock before some Japanese Company purchased them when it was like 2 bucks a share a while back. The stock hasn't really preformed all that well and has no dividend which kind of sucks.
-UTX - United Technologies - biggest company in my state make elevators and weapons for the army. Price seems to fluctuate between $95-115. Buy when its close to 100 and sell when it goes up. Nice dividend. With Trump def don't see this going down
- GE - bastards left CT (my state for Boston) but still a great stock with a healthy dividend. Stock usually goes from $28-33 bucks a share
- MSFT - Sold all my apple stock and purchased MSFT feel they are more innovative and have way more room to grow. They just need to come out with a smart phone that doesn't suck
- BBY - Best buy purchased it super cheap 2 years ago. My 1st job and if they go under the whole US economy will too
- Target/Walmart - same as above either of these places go out of business then no jobs in the US. World explodes or our money is useless. Tho I bought both of these when they had a credit card hack drama and there stocks tanked
-Lowes/Home Depot - same as above with the credit card hack. Both are way too ever priced now
- Haliburton(HAL)/EXon Mobil(XOM)/COP - best oil companies but all are up 30-50% what they were when oil really tanked
- Disney - all their movies even if they suck make 1 billion or close to it. Again over priced at almost 100 a share. I purchased it 3 years ago for 25 a share
- SNE - Sony. Playstation and huge movie company. With the new Spiderman movie coming think that can really push the stock to new heights. Also $6 off its year high of $34 at $28 bucks. Def would buy more
-Mattel (MAT) - maker of Barbie and a ton of other toys near their year low. About 23% its year long high and a decent dividend
-Whole foods (WFM) - where rich white people go to buy over priced food. Dividend isn't great but 1.5 years ago it was a $40-50 stock
What do you use to do your trading Crzd?
Apparently you're significantly better at trading stocks than you are at evaluating Argentinian footballers.
The fact is that the oil price is going up. The other thing is that you really can't use an argument like that. Yes they have lost more than 50% of their values but that means there is room enough for them to rise again. I trust what I see as a tendency in the world and what multiple experts are saying. The oil prices can't be much lower and there is still a demand for it. Yes, China and other countries are turning their eyes on green energy developments but these projects take years to materialise. All the cracking projects going on around in the world and the hunt for oil in more and more exotic places just proves that the demand is still there. What we saw was a political agenda from the US and Saudi Arabia as they wanted to pump as much oil up as possible in a way to ruin the Iranian and Russian economies. It is similar to the container shipping industry in which some of the largest of the companies do have deficits for multiple years as a way to ruin each other. That's why the seventh largest company (Hanjin Shipping) went bankrupt last summer as they didn't had as big a saving in the bank as the others.Time to buy Oil stocks is over. I mean you missed when they lost 70% of their value.
What is the P/E?I like Warner Brother stock but just noticed its at 97 USD a share..... way way too high.
Can anyone explain the basics of trading in plain language to me? I always wondered what's the trick.
However I do both agree and disagree with you. I think Trump will spend a lot of money on infrastructure as a way to generate jobs and thereby make people happy. It means the US economy will be even more fucked but it will benefit the stock market in a short term.
However we saw the effect it had when he talked shit about one of the aircraft producers on his twitter as their stock value decreased a big time on the day
I assume that app was forex? if so i wouldn't recommend it, and as crzd said dont bet on forward/futures/options swaps any of those derivatives.Can anyone explain the basics of trading in plain language to me? I always wondered what's the trick.
There's a trading app that gives you an account with demo money in it. It's advertised the whole time on TV in Bulgaria. So I downloaded it. Out of 10k BGN I made like 150k (80$k) and got bored. I am well aware that's precisely the point of demo accounts - pretty sure it's somehow rigged to make it easier and hook you up on trading with said app. Still, I bought stuff that was on the low and it inevitably went up, sold that - rinse and repeat. Mainly traded gold/silver, etc commodities, but also tech stocks. I doubt that I'm a genius, so what's the catch.
Also a couple of months ago I really wanted to buy Tesla shares with all my savings, which would be idiotic at that particular moment in time - it was just before the auto-pilot crash. Anyway, it's not like that I have that much saved and I guess investing anything below 10-15$k would be painfully slow to actually make a difference in a reasonable timeframe. I'm also curious, is there a respectable online platform for doing that online, or you have to buy through banks.
For the people asking how to invest. You have to think long term unless you have a ton of money and don't care about losing it.
Bloomberg with an article on what I was talking about with Trump.
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Investing in stocks is quite honestly the worst way to make a lot of money. Index beats most investors. At best you'll beat out inflation and bank interest rates.