Register a SA Forums Account here!
JOINING THE SA FORUMS WILL REMOVE THIS BIG AD, THE ANNOYING UNDERLINED ADS, AND STUPID INTERSTITIAL ADS!!!

You can: log in, read the tech support FAQ, or request your lost password. This dumb message (and those ads) will appear on every screen until you register! Get rid of this crap by registering your own SA Forums Account and joining roughly 150,000 Goons, for the one-time price of $9.95! We charge money because it costs us money per month for bills, and since we don't believe in showing ads to our users, we try to make the money back through forum registrations.
 
  • Post
  • Reply
scavok
Feb 22, 2005

District Selectman posted:

Short term, I have no idea. I'd sell now.

Long term I have very little confidence in LM as a company, because I have worked there for 8 years. Too many executives and VP's with little to no incentive to correct the problem, because they're all retiring in the next 5 years. Something like 60% of the company is retirement age and they have no plan for that. They also have no plan to deal with the current level of defense cuts, let alone the obvious future cuts that are coming.

I have worked there for 8 years and never owned more than a few thousand dollars of company stock, and only then because my 401k match is automatically put into the LM common stock until I transfer it out. Take that as you will.

That is really prevalent for the big engineering defense contractors. The vast majority of the open white-collar jobs at Northrop Grumman, General Dynamics, Raytheon, Lockheed, Boeing, etc want 15-20+ years of experience. They've just shuffled the same baby-boomer engineers between the companies as their contracts come and go for 30-40 years. Very curious how they're going to look in 10 years by not getting proportional experience to new generations.

Adbot
ADBOT LOVES YOU

Josh Lyman
May 24, 2009


EA is tanking on news that they're halting all DICE projects in order to fix BF4 :lol:

scavok
Feb 22, 2005
When has EA ever released a PC game that didn't need serious attention after the fact?

Lazy Broker
Jul 9, 2013

Whatcha gonna do? When they come for you?

District Selectman posted:

Short term, I have no idea. I'd sell now.

Long term I have very little confidence in LM as a company, because I have worked there for 8 years. Too many executives and VP's with little to no incentive to correct the problem, because they're all retiring in the next 5 years. Something like 60% of the company is retirement age and they have no plan for that. They also have no plan to deal with the current level of defense cuts, let alone the obvious future cuts that are coming.

I have worked there for 8 years and never LM owned more than a few thousand dollars of company stock, and only then because my 401k match is automatically put into the LM common stock until I transfer it out. Take that as you will.

If this is true this is a red flag for this stock.

Honestly I don't trade LM but if you are happy with the gains greed is not a reason to hold a stock. I usually think this way before selling or covering.

If long:
Would I buy more at this level. If not I would sell.

The other way when short.

No one ever went broke locking profits.

alnilam
Nov 10, 2009

I've been holding PLUG since it was 1.50 in 2012 and let it fall to almost nothing because I hadn't put that much into it and was also stupid. Then for a while, it wasn't even worth cashing in.
Now, the past 2 days :drat:
I've gone from "not even worth cashing in" to somewhat green. Wondering if I should keep holding or what. Maybe this time I'll set a goddamn stop, the question is where the hell do you set a stop after 2 days like that.

Kal Torak
Jul 17, 2003

When Giles sends me on a mission, he says "please". And afterwards I get a cookie.

alnilam posted:

I've been holding PLUG since it was 1.50 in 2012 and let it fall to almost nothing because I hadn't put that much into it and was also stupid. Then for a while, it wasn't even worth cashing in.
Now, the past 2 days :drat:
I've gone from "not even worth cashing in" to somewhat green. Wondering if I should keep holding or what. Maybe this time I'll set a goddamn stop, the question is where the hell do you set a stop after 2 days like that.

This stock has spiked because Tim Sykes and his lackies have been all over it the last day or two. I'd be careful...you might want to consider getting out of it.

Hufflepuff or bust!
Jan 28, 2005

I should have known better.

Shear Modulus posted:

Only if you make less than like $35k a year (something like 70k for couples).

Ie, hardly any overlap with those in the US who own a significant amount of stock outside of tax-advantaged accounts.

You've got it. This is why I don't have much stock outside of my retirement accounts, all of which is hand-me-downs. One of the minor benefits to marrying a PhD student. Thanks for the advice, I believe everyone is right to just jump now. Thanks!

P0PCULTUREREFERENCE
Apr 10, 2009

Your weapons are useless against me!
Fun Shoe

Kal Torak posted:

This stock has spiked because Tim Sykes and his lackies have been all over it the last day or two. I'd be careful...you might want to consider getting out of it.

Have any more info or a source on that? I've been holding PLUG since it hit $0.15 and I'm starting to get an itchy trigger finger.

Kal Torak
Jul 17, 2003

When Giles sends me on a mission, he says "please". And afterwards I get a cookie.

P0PCULTUREREFERENCE posted:

Have any more info or a source on that? I've been holding PLUG since it hit $0.15 and I'm starting to get an itchy trigger finger.

Just check out his twitter feed: https://twitter.com/timothysykes

Timothy Sykes @timothysykes
My buy alert for peeps on $PLUG was at $1.18 yesterday afternoon, already gapping up to...

Eulogistics
Aug 30, 2012

Umph posted:

Disclaimer: Everything in this thread is a lie. You will lose everything if you do anything we recommend. Reading this thread is making you lose your house. Your kids will never get into college because you wont close this window.

That OP though!

I manage a small amount of money in an IRA. I also self-manage my company-provided 401k, but that's just me picking from a list of like 15 mutual funds and assigning percentages of my monthly contribution to them.

I recently put a bunch of my tiny pot into SID, a Brazilian steel company. The dividend seems to be artificially high and they've been taking on lot of debt recently, but it looks like they're in a solid position to pick up a lot of contracts for upcoming sporting events in Brazil and renewed construction efforts in China; I think they'll be rebounding pretty well from the low they hit a little while ago. Now I just wait patiently for 3-5 years and see if it pays off.

Eulogistics fucked around with this message at 20:28 on Dec 6, 2013

Acquilae
May 15, 2013

One reason why I'll always use Scottrade: it's still one of the brokerages I can easily short UVXY :allears:

Michael Transactions
Nov 11, 2013

Tony Montana posted:

It's incredible how the advice just keeps going in circles, once you've got some basics down and read some of those books in the OP - you can just keep swatting the questions like flies.

Makes you realize what a wrought the finance industry is, how little most people understand about money beyond buying poo poo.

It's insane tbh. I remmember reading a blog post about how the idea of the complication in finance relates to the hiding of risk. As though the complication itself reduces risk or minimizes it somewhat when it doesn't at all and perhaps enlargens it. well, bye.

cremnob
Jun 30, 2010

Eulogistics posted:

That OP though!

I manage a small amount of money in an IRA. I also self-manage my company-provided 401k, but that's just me picking from a list of like 15 mutual funds and assigning percentages of my monthly contribution to them.

I recently put a bunch of my tiny pot into SID, a Brazilian steel company. The dividend seems to be artificially high and they've been taking on lot of debt recently, but it looks like they're in a solid position to pick up a lot of contracts for upcoming sporting events in Brazil and renewed construction efforts in China; I think they'll be rebounding pretty well from the low they hit a little while ago. Now I just wait patiently for 3-5 years and see if it pays off.

If that debt is US $ denominated you're in for a hurting.

lightpole
Jun 4, 2004
I think that MBAs are useful, in case you are looking for an answer to the question of "Is lightpole a total fucking idiot".

cremnob posted:

If that debt is US $ denominated you're in for a hurting.

Would have been a good bet 3-5 years ago but as soon as QE ends its going to be an emerging market bloodbath.

KiddieGrinder
Nov 15, 2005

HELP ME
What can I do with a measly $500 or so?

It's money I won't need in an emergency, not used for anything, and I don't want to just dump it in a savings account.

So what can I do with it, investment wise?

Join E*trade and pick a stock at random?

silvergoose
Mar 18, 2006

IT IS SAID THE TEARS OF THE BWEENIX CAN HEAL ALL WOUNDS




I mean, if you want to gamble, you can just go to a casino and put it all on black (red) ((double zero)).

koolkal
Oct 21, 2008

this thread maybe doesnt have room for 2 green xbox one avs
Invest in a local small business.

Like hookers.

KiddieGrinder
Nov 15, 2005

HELP ME
You mean use their services, or ask them if they need investors?

koolkal
Oct 21, 2008

this thread maybe doesnt have room for 2 green xbox one avs
Pimps seem to make pretty good money for little effort.

On a more serious note, $500 isn't very much money. If you want something with a higher return than a savings account, you could just buy an index ETF, like SPY. They're funds that match the major indexes, like the S&P 500. They're great because they give you free diversity with much lower expenses vs. a mutual fund. Brokerages often have their own index ETFs as well, which may help you avoid transaction fees.

KiddieGrinder
Nov 15, 2005

HELP ME
Ok thanks for the serious post. :)

What about, theoretically, if I was rich but didn't want to spend years learning the ins and outs of trading.

What about that?

koolkal
Oct 21, 2008

this thread maybe doesnt have room for 2 green xbox one avs

KiddieGrinder posted:

Ok thanks for the serious post. :)

What about, theoretically, if I was rich but didn't want to spend years learning the ins and outs of trading.

What about that?

Pay someone to do it for you. :)

Investing is all about picking a rate of return/risk and then reducing variability while aiming for that return. While stocks in the long-term tend to increase at an annual rate of somewhere around 5-7%, there are huge swings within this range, and any individual stock will go through massive swings. You invest in a lot of stocks to reduce the risk of a drop in 1 stock destroying your overall investment. By the same analogy, you should reduce the risk of the overall market going down having a huge effect on your portfolio, so you diversify some of your money into bonds or money market accounts. Maybe you invest in real estate. There's a lot of different asset classes with various risks, rewards, and liquidity. Stocks are generally pretty liquid, high return, high risk. Cash is as liquid as you can get, zero or negative return, almost no risk. Something like real estate is going to be very illiquid, with returns and risk varying depending on the situation.

The more money you have, the more diversification you should be doing.

mindphlux
Jan 8, 2004

by R. Guyovich
investing $500 is a bad idea, if only because the trading fees will instantly dock you like 2%. Just keep it in savings and keep building.

personally, I try to keep my minimum trade size to like 4-5k, at which point the fees are a lot more reasonable.

berzerker
Aug 18, 2004
"If I could not go to heaven but with a party, I would not go there at all."
Or just pick a company you like and believe in, buy as much of that stock as you can, and hold on to it for 30 years. If you'd put $500 into GE stock in 1978, it would be worth $13,000 today (just by stock prices, not including dividends). Say you like Monster Energy Drink and bought $500 in the company's stock in 1996. That would be worth $30k today. Of course, there are many many companies where $500 invested at any point would be worth $0 today (or more like Yahoo, where $500 would get you about $500), but you mentioned already you wouldn't be completely upset by that.

Actively trading $500 is a bad idea because of fees, but having some stock in a company you like can be fun, and there's nothing wrong with that.

berzerker fucked around with this message at 16:32 on Dec 9, 2013

Elephanthead
Sep 11, 2008


Toilet Rascal
Yeah buy direct from a company you like. Enjoy the $20 a year in income or reinvest. Many companies will sell you stock for free or at least they used too. Or you could buy half a bitcoin and hope the bubble isn't over.

tiananman
Feb 6, 2005
Non-Headkins Splatoma

Elephanthead posted:

Yeah buy direct from a company you like. Enjoy the $20 a year in income or reinvest. Many companies will sell you stock for free or at least they used too. Or you could buy half a bitcoin and hope the bubble isn't over.

Yeah just look up "no-fee drips" and find one through a company you like. Read all the fine print, because I know a lot of these drips have fees all over the place. $5 here and there can add up when you're starting out with such a small amount of money.

Josh Lyman
May 24, 2009


You know we're hitting a top when I finally decide to transfer $5k sitting around in my checking into my brokerage.

SELL SELL SELL!

(I'll probably just buy SPYs with it)

MrBigglesworth
Mar 26, 2005

Lover of Fuzzy Meatloaf

Elephanthead posted:

Yeah buy direct from a company you like. Enjoy the $20 a year in income or reinvest. Many companies will sell you stock for free or at least they used too. Or you could buy half a bitcoin and hope the bubble isn't over.

HYF is cheap as poo poo. Its a closed end fund at $2.06 which would get you 242 shares and pays 1.5 cents a month per share.. In a year you would have $43 extra without considering reinvestment. Reinvesting would net a bit more than that over time.

fougera
Apr 5, 2009
Thoughts on GOGO? Thinking of buying more, wanted to get the techies take. Lockup expiry coming up next week, maybe it will pop like FB did

Josh Lyman
May 24, 2009


fougera posted:

Thoughts on GOGO? Thinking of buying more, wanted to get the techies take. Lockup expiry coming up next week, maybe it will pop like FB did
Lockups typically result in price declines because there's a sudden increase in supply of shares. :confused:

Cheesemaster200
Feb 11, 2004

Guard of the Citadel
Ugh... I was waiting for a lower entry point on SYY for the last couple of weeks and now this poo poo happens. This added to my beautiful purchase of POT two days before the belarus/russian cartel broke up.

I swear, I kind of want to stay away from investing in oil because the second I do then OPEC will somehow dissolve itself....

quote:

investing $500 is a bad idea, if only because the trading fees will instantly dock you like 2%. Just keep it in savings and keep building.

personally, I try to keep my minimum trade size to like 4-5k, at which point the fees are a lot more reasonable.
Fidelity has no-fee ETFs, and I am sure other brokerages do as well. Not exactly trading, but in reality we are all idiots for investing in anything but diversified index funds.

MrBigglesworth
Mar 26, 2005

Lover of Fuzzy Meatloaf
Scottrade has a few as well.

nebby
Dec 21, 2000
resident mog
sold off my AAPL stake after a tidy 40% gain, now fully into discounted fixed income CEFs. I expect Apple to announce iTeleporter next week.

nebby
Dec 21, 2000
resident mog
Also thought the thread might be interested, Meb Faber's international shareholder yield ETF got listed today:

http://www.cambriafunds.com/fyld/

fougera
Apr 5, 2009

Josh Lyman posted:

Lockups typically result in price declines because there's a sudden increase in supply of shares. :confused:

Nevermind I noticed FB actualyl declined after popping on expiry date.

koolkal
Oct 21, 2008

this thread maybe doesnt have room for 2 green xbox one avs

Cheesemaster200 posted:

Fidelity has no-fee ETFs, and I am sure other brokerages do as well. Not exactly trading, but in reality we are all idiots for investing in anything but diversified index funds.

Yeah, this was basically my point. Schwab, Fidelity, Scottrade, and a lot of brokerages have free index ETFs, which are pretty much all you need for entry-level investing.

Acquilae
May 15, 2013

nebby posted:

sold off my AAPL stake after a tidy 40% gain, now fully into discounted fixed income CEFs. I expect Apple to announce iTeleporter next week.
I'm actually thinking of buying more Apple before Q1 earnings; they've been on a tear since the expected post-announcement drop from the iPhone 5S. The deals with China Mobile and strong sales seem to be driving towards a crazy number, maybe $60 billion revenue.

Also, wtf @ Twitter :stare:

Cheesemaster200
Feb 11, 2004

Guard of the Citadel

Acquilae posted:

I'm actually thinking of buying more Apple before Q1 earnings; they've been on a tear since the expected post-announcement drop from the iPhone 5S. The deals with China Mobile and strong sales seem to be driving towards a crazy number, maybe $60 billion revenue.

Also, wtf @ Twitter :stare:

I would not play earnings with Apple. The fact that they have rallied so far tells me that there are some hefty expectations for Q1-2014 already priced in.

Josh Lyman
May 24, 2009


Acquilae posted:

Also, wtf @ Twitter :stare:
http://www.fool.com/investing/general/2013/12/09/why-twitter-shares-popped.aspx

"That said, analysts at Evercore Partners have already chimed in to say it appears today's rise is likely the result of continued investor excitement surrounding Twitter's unveiling of Tailored Audiences, which effectively affords Twitter the ability to retarget users, and display more relevant advertisements."

So basically you don't know why. I can't believe you get paid for this horseshit. :rolleyes:

lightpole
Jun 4, 2004
I think that MBAs are useful, in case you are looking for an answer to the question of "Is lightpole a total fucking idiot".
Still riding DDD. Picked up more when it pulled back last month. Still very happy with it long term.

Adbot
ADBOT LOVES YOU

MussoliniB
Aug 22, 2009
I have a hundred shares of NQ Mobile that I am absolutely bullish on, but my god, watching this pendulum swing back and forth is giving me heartburn. Are there any stocks like this that have had constant allegations against them and a constant sway? It seems like I make a hundred bucks or so a week, and then lose it the next. It's very interesting stuff.

  • 1
  • 2
  • 3
  • 4
  • 5
  • Post
  • Reply