theoxenity (< 20)

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March 31, 2010 – Comments (11) | RELATED TICKERS: C , OPTT , TGB

So I began investing again in the last couple of months and I do not have much cash. I bought into 2 company's so far. One being Citi which I beginning to think was a dumb move. I do not mind waiting a few years but I think it is beyond my understanding to predict what will happen. The second was Taeskeo Mines which I feel good about thanks to the fool. I am considering dumping my 50 Citi share and buying soemthing like OPTT, LIME, BAC, but I have less than 500.00 of investing money so far and will be adding 150.00-200.00 every month. I am not looking for short hops and have been reading all I can from Peter Lynch and Buffet.

I would like to buy a home in a few years and do not mind taking some average risk for the return but I already lost 75.00 gambling on CTIC. I do not mind the money lost because I learned quite a bit from this mistake.

I am looking for advice for stocks that I can research and have the most potential for the upside but can actually be cheap enough to have a return on my small amount of funds. Any advice is appreciated. I am currently using sharebuilder to buy stocks as I can buy them for 4$ on tuesdays. I would like to have some diversity in my stocks but feel that I just do not have enough money yet to have any. Thanks!

11 Comments – Post Your Own

#1) On March 31, 2010 at 2:30 PM, galtline (35.02) wrote:

As a beginning investor, I would do a trial of one (or more) of the Motley Fool flagship products. They'll give you lots of good stock ideas, and have done the research. This will also allow you to get your feet wet.

Then, I'd read...A LOT. Pick up as many investing books as you can. Read articles on the Fool, Seeking Alpha, etc. Get a primer on economics. It seems like a lot of work, but it's what you need to do in order to invest your money wisely.

I'd put together a small stock portfolio, and accumulate some money on the side to add to your positions on dips (or, if the bears have their day, adding on the way down).

For stock ideas, I like RAX, TIE, ATVI, SLW.

Hope that helps.

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#2) On March 31, 2010 at 2:54 PM, Pennyperson (< 20) wrote:

BPSG - TRST - LYG

PRGN - SBLK

HLX -DVR-WRES

UEPS

AOB - CRTX

Pure spec from recent word of mouth from are leader and chief on bio fuels...SYNM

I'm sure he's all far SYNM..made right here in the good ole USA and "already" military tested.

Keep C...no worries. TGB keep for the long haul.

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#3) On March 31, 2010 at 3:02 PM, Pennyperson (< 20) wrote:

" All for"...shouldn't be doing this at work =)

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#4) On March 31, 2010 at 3:14 PM, Pennyperson (< 20) wrote:

Battery, manufactures & suppliers -are next effort to reduce the need for oil and reduce emmisons. AND striaght out of the mouth of our leader and chief "today".

Now I'm done = back to work.

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#5) On March 31, 2010 at 3:17 PM, zzlangerhans (99.72) wrote:

1. Pay off your credit cards

2. Maximize your 401K

3. Emergency savings

4. Index mutual funds

5. Ignore 1-4 and gamble all your money away in the market

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#6) On March 31, 2010 at 3:56 PM, theoxenity (< 20) wrote:

I have zero debt so I am not too worried about the credit cards being paid off. I have over 5k in savings and I am beginning my investments and adding to that a percantage of what I save each month. I am already enrolled in a company match 401k and I am not a fan of Mutual Funds.

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#7) On March 31, 2010 at 4:55 PM, theoxenity (< 20) wrote:

Just bought LYG. Nice pic looks like it could be great. Thank you!

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#8) On March 31, 2010 at 7:09 PM, Pennyperson (< 20) wrote:

Good choice...I hope it works out for me and you both =).

I really like TC as well, a little pull back "if it happens" I'm [re-buying]. Started to pull the trigger on GEOY....but got greedy and was hoping it would pull back into the teens. Major goof & missed the recent sail ride.

Hell, I like all my picks of course.

Keep a watchful eye on HLX...just a thought..just a thought.

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#9) On March 31, 2010 at 10:49 PM, ChrisGraley (99.66) wrote:

zzlangerhans has your best advice.

Between #4 and #5 though, I would suggest reading everything that you can find about investing.

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#10) On March 31, 2010 at 11:31 PM, theoxenity (< 20) wrote:

I agree with paying down debt as it has become a part of everyone's normal life but I have paid all my debt to 0. I do not own a home and that is what I am working towards and want to be in decent equity when I buy in a few years. I do not understand why someone would say "gamble all your money away in stocks" when that is what one does to increase their wealth. I do not care to do anything but buy into good companies that will increase my monthly investments with moderate risk. I am assuming you meant that you should rely on professionals to mange my investments with limited risk through mutual funds.

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#11) On March 31, 2010 at 11:50 PM, Pennyperson (< 20) wrote: