ChevyMan1972 Posted April 21, 2008 Report Share Posted April 21, 2008 Well, I have never thought about doing this, but I had a little 401K that had $750.00 dollars in and I wanted to do something with it, from a prevous employer I was working for, so I looked into investing in a company that buy's castings from us because their sales are through the roof and want more castings from us, so I looked into there stocks and decided to put all my egg's in one basket...well as it turns out their stock is now at a all-time high and boy did I wish I had 4000-5000 shares at the time it was $42.00 when I purchased it Now look at where it's at and I have a feeling it's about to split... :( http://moneycentral.msn.com/msn/stock_quote?Symbol=bucy Thanks, Dan Quote Link to comment Share on other sites More sharing options...
TTQ B4U Posted April 21, 2008 Report Share Posted April 21, 2008 been there done that myself. I'm still looking for a crystal ball. I worked with a 26yr old guy back in the dot-com days that's now a millionaire sever times over. he invested in a once small time company called Yahoo when they were early in the days of growing. he put all his eggs there and what do you know.....I saw him a few weeks back and he's not worked since and never plans to. another buddy did similar in the IT space and while he's still working, he's 100x better off than anyone I know. he still drives the same Acura he bought with one of the initial wins he had 10yrs ago. to him, it's a way of reliving the memory. Well, I have never thought about doing this, but I had a little 401K that had $750.00 dollars in and I wanted to do something with it, from a prevous employer I was working for, so I looked into investing in a company that buy's castings from us because their sales are through the roof and want more castings from us, so I looked into there stocks and decided to put all my egg's in one basket...well as it turns out their stock is now at a all-time high and boy did I wish I had 4000-5000 shares at the time it was $42.00 when I purchased it Now look at where it's at and I have a feeling it's about to split... :( http://moneycentral.msn.com/msn/stock_quote?Symbol=bucy Thanks, Dan Quote Link to comment Share on other sites More sharing options...
Mallard Posted April 21, 2008 Report Share Posted April 21, 2008 While putting all your eggs in one basket can be exciting, and there's a slim chance it can be very rewarding, it's not the smartest thing to do with your money. There is a great potential you will lose everything. I know a guy that turned $10,000 into $1.2 million in 6 months during the dot-com bubble. Then he lost it all. He made extremely risky trades and it eventually came back to bite him. You're better off diversifying, especially if you're trading stocks with your 401k money. Quote Link to comment Share on other sites More sharing options...
iwishiwascool Posted April 21, 2008 Report Share Posted April 21, 2008 When I was 16 I turned a 1k investment (most of what I had) in to 26k with the help of a venture capitalist family friend. None of my investments since then have ever come close to that kind of return. Now that I'm old, my emphasis is on diversity and long term return. I get excited about 15% a year. Quote Link to comment Share on other sites More sharing options...
87GT Posted April 21, 2008 Report Share Posted April 21, 2008 Buy low when something is crashing or new. Sell high when it recovers from a crash or is on the upswing. That is all you need to know to make money on stocks. Diversify your bonds jigga. Quote Link to comment Share on other sites More sharing options...
Wease Posted April 21, 2008 Report Share Posted April 21, 2008 My opinion? Don't "invest" in the stock market. Bad idea. The chances that you can turn that small investment into big money is very small. Probably less than 1%. You put your money into mutual funds and watch them grow. Anything over 8% a year is a bonus... :nod: Quote Link to comment Share on other sites More sharing options...
LJ Posted April 21, 2008 Report Share Posted April 21, 2008 My opinion? Don't "invest" in the stock market. Bad idea. The chances that you can turn that small investment into big money is very small. Probably less than 1%. You put your money into mutual funds and watch them grow. Anything over 8% a year is a bonus... :nod: Sigh... ETF's are where it's at Also, not trying to brag or anything... just giving you an example... but I have 1 stock that I am up over $1300 today alone. You CAN make TONS of money on the stock market Quote Link to comment Share on other sites More sharing options...
Mallard Posted April 21, 2008 Report Share Posted April 21, 2008 Sigh... ETF's are where it's at Also, not trying to brag or anything... just giving you an example... but I have 1 stock that I am up over $1300 today alone. You CAN make TONS of money on the stock market Quoting how much money you are up in one day is worthless. You should only talk in percentage. Not to mention that looking at a one day return is pretty much worthless too. I would get excited over the day-to-day movement, but only care about my year-over-year increase. Quote Link to comment Share on other sites More sharing options...
LJ Posted April 21, 2008 Report Share Posted April 21, 2008 Quoting how much money you are up in one day is worthless. You should only talk in percentage. Not to mention that looking at a one day return is pretty much worthless too. I would get excited over the day-to-day movement, but only care about my year-over-year increase. I day trade Quote Link to comment Share on other sites More sharing options...
Mallard Posted April 21, 2008 Report Share Posted April 21, 2008 I day trade So you don't track year-to-year? Or even what your % is intraday? I move in and out of positions frequently (not by the minute or hour like a day trader) but I still track the yearly growth of my portfolio. Quote Link to comment Share on other sites More sharing options...
LJ Posted April 21, 2008 Report Share Posted April 21, 2008 So you don't track year-to-year? Or even what your % is intraday? I move in and out of positions frequently (not by the minute or hour like a day trader) but I still track the yearly growth of my portfolio. Last quarter I was up 64%.... but I pay myself monthly, so I track more in a monthly take and then pay quarterly taxes. I also have a 73% accuracy rate Quote Link to comment Share on other sites More sharing options...
Mallard Posted April 21, 2008 Report Share Posted April 21, 2008 Last quarter I was up 64%.... but I pay myself monthly, so I track more in a monthly take and then pay quarterly taxes. I also have a 73% accuracy rate Nice job, that's a very good return. Just be careful. I have a few friends that were in the same position at 23 y/o. It can come down just as quickly. We're all doing it as a hobby now, not for our main source of income, just so it's not as big of a stress day-to-day. My one friend was trading on margin a lot, then the dot-com bubble burst. Quote Link to comment Share on other sites More sharing options...
Wease Posted April 21, 2008 Report Share Posted April 21, 2008 Sigh... ETF's are where it's at Also, not trying to brag or anything... just giving you an example... but I have 1 stock that I am up over $1300 today alone. You CAN make TONS of money on the stock market LOL, I know a guy who was doing those. He lost his ass and now has nothing. This is a guy in his 40's with kids and a mortgage. No retirement, no nothing. I'll take the slow and steady, guaranteed method, thanks... :marc: Quote Link to comment Share on other sites More sharing options...
Tractor Posted April 21, 2008 Report Share Posted April 21, 2008 First rule in investing "never swing for the fences." Now if you got play money thats different, but this rule applies when your just moving stuff around making small gains and trying to grow your capital and/or retirement stuff. Might be a good time to buy mutual funds (ETF's) at the moment, but remember people who bought them 8 months ago are probably at like -20 40%. It just wasn't the time unless it was a special fund tracking something other than the major markets. As I said if anyone has extra money now "should" be a good time to look into a fund. You can sell it after 180 days without taking any penalties and you'll just pay taxes, but a fund is good to keep until you see the markets up a lot, Then get the hell out. Evan Quote Link to comment Share on other sites More sharing options...
LJ Posted April 21, 2008 Report Share Posted April 21, 2008 First rule in investing "never swing for the fences." Now if you got play money thats different, but this rule applies when your just moving stuff around making small gains and trying to grow your capital and/or retirement stuff. Might be a good time to buy mutual funds (ETF's) at the moment, but remember people who bought them 8 months ago are probably at like -20 40%. It just wasn't the time unless it was a special fund tracking something other than the major markets. As I said if anyone has extra money now "should" be a good time to look into a fund. You can sell it after 180 days without taking any penalties and you'll just pay taxes, but a fund is good to keep until you see the markets up a lot, Then get the hell out. Evan The market is "up" Quote Link to comment Share on other sites More sharing options...
ChevyMan1972 Posted May 28, 2008 Author Report Share Posted May 28, 2008 ***UPDATE*** Everyone, Well today my stock split's BUCY and I now own 35 shares at $68.00 and it is currently up 3 points. I highly suggest to everyone to invest in this stock...all the reports are saying nothing but good things about this stock... I am staying on top of it.. Just thought I would share! Dan Quote Link to comment Share on other sites More sharing options...
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