im gonna take neg rep for this but itll be worth the point ill be making.
THATS WHY YOU DONT TAKE STOCK ADVICE FROM SOMEONE WHO HAS A DRAGONBALL Z SHIRT IN THEIR AVATAR.
Microsoft had a VERY good earnings report today, and is up 10% in after hours trading, wow. Probably gonna open really huge tomorrow.
And man oh manā¦ VMware ftw. VMware also had a very good earnings report yesterday too, although no guidance which makes it a little more shaky, but today it held up extremely good despite the overall down market. I bought that sucker a couple days ago to load up on before earnings expecting a very good earnings report so itāll fly the day afterā¦ risky to do that, but so far at least, it paid off! Scary stuff, kinda fun when you see that you currently made the right call, but it can ruin your day if you were off like Amazon which got killed after its earnings report.
VMW ftw!!! I know thereās another guy in that stock here too, so I bet heās happy today!
i thought this happened because they bought 1% of facebook.
1 share of microsoft orā¦200 shares of JYHW.
night, is yours or anyones portfolios here consistently beating the market index? im thinking of running a paper portfolio (i just started working) and am torn between gamblorzing and playing it safe with index funds when i start a real portfolio.
My total portfolio is outforming the S&P Index (6.88% YTD) and the Dow (9.72% YTD). This year, tech stocks have taken their surge once again, so the Nasdaq is doing really well at 14+%, which Iām a little bit behind in, having not expected the tech sector to burst like this, so I was on the sidelines for a while. I missed some chances here and there, made a couple mistakes here and there, but Iām happy with my current return so far. Just trying to make it higher! I admit I sold Apple too early, so I had to get back in, and made another few bucks and sold again, reinvesting the profits into VMware, although had I totally stayed in Apple that whole time, Iād be even betterā¦ oh well thatās the market, but the VMware move is one Iām happy about and I have my fingers crossed that itāll continue to do goodā¦
I diversify my portfolio to both stocks and international mutual funds (e.g. VTRIX, the Vanguard International Fund), and currently theyāre beating the indexs which makes me happy at least. Thereās nothing wrong with playing it safe in index funds, although to maximize returns, just have to do a little more homework, take a few more risks. They do say that I dunno, 80 something percent of funds donāt do better than index funds considering fees and stuff like thatā¦ so just means you have to find that 20% that do and itās not TOO hard to find out with a little bit of research.
My 401k that I donāt even maintain that much is actually doing better than my brokerage account where itās returning about 14% YTD heh.
WOW!!! pure complete financial ownage!!! :lol: that was good stuff. I may need to pm you with some questions if you dont mind.
Yup and Yup!!! Very happy!:wgrin:
I wonāt neg rep you, but ill make a rebuttal in terms of my ability to pick stocks. First, I mentioned itās dirt cheap for a reason - I also mentioned that it was high risk and could be worth a look for a speculative buyout. If you are looking for stocks which are slow and steady, itās obviously not near the right choice. If you are looking for something cheap that you can bounce, it has potential - regardless of what white ninja quoted from their SEC. At ~2$ a share, what did you expect? Exxon? Come on people, use your heads.
And the av is funny, which is why itās there. I donāt see how your post makes any sense whatsoever.
More info on the stock:
Info
Spoiler
August 8, 2007 ā
BROOMFIELD - Jayhawk Energy Inc. in Broomfield has paid $2.2 million for 35,000 acres in southeastern Kansas where it will drill for oil and gas.
Jayhawk (OTCBB: JYHW) also cancelled 56 million shares of common stock held by Sara Preston, a former officer and director, as a condition of the agreement to purchase the Uniontown shallow gas project.
The Uniontown project covers mineral leases in Bourbon County, Kan. within the Cherokee Basin. The current target for development is the shallow gas potential of the area, although leases also are held for potential development of coal-bed methane and conventional oil and gas reserves.
Drilling will begin in the next few months, said Lindsay Gorrill, Jayhawk president and chief executive, in a statement.
Jayhawk focuses on shallow gas and oil and gas potential. In April, the company discontinued operations related to its jewelry and accessories business and established plans to acquire oil and gas properties for exploration and development.
The stock itself is bouncing around in price probably because of P&Ds, which sucks, but that means it gives you an opportunity to watch and play a daytrading game with it. Itāll hit a low, get pumped up, sell high, and repeat the process after the dumping ends. Beyond all that, the company itself has potential considering the land they purchased over the past 2 months.
Bottom line - if you are worried about what they did last quarter and that scares you off, then donāt invest in it. Itās for a quick return. If you are worried about your retirement, invest in the big wigs.
I realize the SEC information shows lagging financial information and that there is some positive news around this stock. My only concern is pushing stocks like this in a thread where people arenāt researching stocks and would probably go off anything you put in here. I cruise the penny stock / pink sheet forums because thatās what iām into, but most people should not bother especially if youāre not willing to lose 100% of it.
Iām not sure with a company this small that they would be acquired with a market cap around $78MM? It might be off the radar of most oil companies despite their recent oil field purchase. This stock has been flying around the forums though, but people easily get excited as you should know.
akuma- you can PM me any time you want I just donāt guarantee an immediate reply as I sometimes donāt have internet access during travel for work.
Bumpinā an old thread but I think itās worth it.
Iām trying to understand more about the different investment vehicles that are out there, but all Iām getting is an information overload before even figuring out the basics.
Can anybody recommend me an easy to follow guide/book or maybe some finance fora? Looking for starter shit.
btw, what do you guys read to keep up on the economy? right now iām just reading the news and sometimes The Economist but itād be nice to expand a bit.
I personally just read either the business section of the local newspaper or Yahoo finance and read headlines. For general updates on current events in business, thatās all you really need I think. For more stuff, WSJ and Motley Fool and those kinda resources are good too.
During these days, there is signs of a recession, so putting money into publically traded stocks and investments needs to be researched and monitored very closely as all the index have dropped considerably. Itās probably good to be in a cash position.
Even my company just had a 1,000 job cut layoff, and my department was affected, where my job function got moved to another state, but my ass was spared to where I got transferred to another position within the company. I would expect more bad news in the months to come as Intel got hammered, and Christmas sales in 2007 were among the weakest in recent history. Iād prepare for tough times ahead.
My company is going through its phases as well, no layoffs, but thinking of moving people around and what not. Doesnāt have any effect on me, besides the amount of work I get.
Planning for the future, donāt know if this was covered before or not and I feel that since most companies are in open enrollment, people who hop on this. 401k pays; just got an 8% raise and now putting 5% into my 401k through T.Rowe Price (i think there 40 year planned investment program, which is aggressive at first then gets calm when you retire).
Also, if your company has a flex spending account, people should put some cash into it as well. I put about $250 in for all my medical expenses, seeing that I am somewhat fit it can be used for other stuff as well. Medicine (OTC), tissues, condoms (yeaā¦thats no joke) all tax free dollars.
To keep up with things I try to do the following: (note the TRY part)
Keep up with the economics calendar through yahoo finance
Get Bureau of Economic Analysis reports in email
Economist
Financial Times
Banker and Tradesman (all the old school people at my work read this)
Watch Kudlow and Company religiously
DO NOT watch Cramer
I also get some other work related magazines U.S. Banker , ABA journal, Global Finance, Futures and this random broker/dealer paper. Most of these magazines you can get free sub if needed.
As Night already mentioned motley fool is also a great source of all kinds of things.
Very good read. As for saving up etc goes, I find it easier to give family/gf(yes, I know, Iāve been burned by this decision before) money and get little bit of allowances back vs saving up by myself. If it worked out I could have had 10k saved up in 3 years.
Bumping this thread for the sound advice in here. Since Iām about to be moving out on my own, Iām most worried about making economic pitfalls that could screw me up for a good while. I see a lot of information about stocks/accounts/keeping up with the economy, which does well for people who have a financial situation established already. But whatās some key things to do/avoid when youāre just starting out? Just want to know what to prioritize and what not to do.
Main thing starting out is probably start small and donāt play with money that you need to life (rent, car payment, etc). If you have to save for a couple of weeks, then do that. Treat it like gambling (which it is); use money that you dont mind losing.
Right now? Stay the fuck away from stocks. Bonds and IRAs are your safest bets, because the economy is in a steady decline currently.
There are stocks out there that are still good buys right now, moreso because of the state of the economy. Bonds and IRAs are ALWAYS the safest bets, no matter what the state of the economy is in 
I feel bad for the people who were on Appleās nutsā¦ Itās down like 50$ since 2 months ago 
Even now, I wouldnāt buy into anything. A year or two down the line, your returns from a bond or an IRA will pretty much give you better percentages than what most safe stocks offer, and with considerably less effort.
I wouldnāt take risks of entering a crumbling stock market unless you knew how and where to place your Puts.
Avoiding stocks is not what you should be doing right now. Sure prices are down. Thatās GOOD with stocks. Donāt stop buying just because thereās a chance they could go down more. Buy stuff thatās already at low P/Es though. Take a look at what Warren Buffettās been up to lately, thereās some very nice deals to be had on WFC, BNI, GE, PG, even KO is down. When the market is abandoning stocks itās historically where heās made the most money by buying.
FYI, if you want to understand the things Buffett does, donāt read books about him. Go read āThe Intelligent Investorā by Benjamin Graham. Thatās where he learned it.