November 08, 2013
– Comments (10)
I am a beginning fool with unrealistic expectations, and I want to thank those in the caps community for their intelligent input. Your knowledge and willingness to help a fool like me is much appreciated.
You may not believe this based on some of the comments from your last post (Harry, really - was that the best analogy you could come up with? No, don't answer that.) but the people on this site are really some of the nicest and the very most helpful that you will find anywhere. I have asked some questions that were just crazy stupid and they have taught me a tremendous amount. Best of all, I listened and actually have learned a lot. Hang in there. We not only all have to start somewhere, but, as I am learning, if you drop out of the market and TMF, you may have to start all over again.
Expect questions from me. I will be watching for your posts with interest.
Well Okno you are a lucky fellow, you caught Mary's attention. She is a dear. Just wished she took my advice in 2009 and bought those Ford preferred S shares for $11. Although shame on me for not betting the house there.
As for Harry, eh the poor guy is a Cubs fan so that says it all heheh.
Harry, really - was that the best analogy you could come up with? No, don't answer that
Sorry about that Mary, sometimes in my attempts to educate, I take the to amuse part of being a Fool way to far. When I saw that you had posted on the same thread, I was a bit ashamed of myself. I would never say something like that in front of my Mother, so why would I post something offensive that other Moms could see.
Keep asking those questions my friend, IPO's are tricky as the games rigged towards the big money, but if you find a sustainable business with increasing revenue they can be great.
(My first investment was Visa on the day of the IPO(April 2008). Since I'm not a big shot I got it for $63 even though the IPO price was $44. Eventually I got that price of $44, so dollar cost averaging into positions is your friend.)
I also like reinvesting dividends so your cost basis becomes ridiculously low.
I'll be putting you on my favorites tab, and will try my best to be helpful with any questions you may have.
Welcome to oknoworries.
For many years, I limited my investment amount at 5k level and repeatedly failed to make good returns. I was not fool member. 2008-2011 completely stopped on stocks.
Last year and this year, I started using fool.com. I choose my selections based on thumps up, thumbs down and favoritie users choice and reading fool articles, and few other references mentioned by pears here.
It has provided me nice returns. Last year very less but positive. This year almost 35% and highly positive returns.
I am still not seasoned investor, a long way to go. I can confidently say fool experts helped me achieve this.
For beginner's reference, go thorugh Thoughts for beginners blog by Valyooo during March 2013.
That's what I'm talkin bout! People taking the time to help other people; awesome.
Mary, don't be to hardon Harry. His post was in response to my provocative sarcastic comment; I was amused by his post. No harm no foul. Thanks for your encouragement and intelligent comments.
Hey guys, I was just teasing Harry, and I am sure he knows it. You do know it, Harry, don't you? Now how is it that I put up the little gray haired lady icon up and everybody thinks they need to get all proper and everything? I don't even have gray hair (thanks to a really good colorist.) If you ever cross the line and cause my "Mom" persona to kick in, trust me. You will know it!
oknoworries, this is a really old post. I put it together in 2009, just after I started learning from TMF Fools. It may give you some idea of the sorts of information to be gleaned from the fantastic folks. Hopefully most if not all links still work, even if some of the authors have moved on. It is not as current or probably not as good as the one Valyooo put together, but it may serve as another source for you. http://caps.fool.com/Blogs/a-special-welcome-if-you-are/139616
And fwiw, my own first question and the answers I got became one of the examples. (I didn't know what everyone was talking about but they were all interested in something called 'shorts' and I didn't think they were planning beach vacations.)
awallejr, I did take your advice and buy Ford, but never did figure out how to buy preferred stock rather than the plain vanilla type. Care to enlighten me? Also my cat just walked across the keyboard and hit the link. How is it that you have not been one of my Favorites? You are now.
No, Harry, you don't need to check, You are already on the favorites list, jokes, music, and all.
You do know it, Harry, don't you?
Yeah I know Mary, well actually I was 70/30% sure that you were teasing. It's just that your such a nice person that I would feel horrible if I said something to offend.
Now that I have your blessing, I shall embark on the task of writing the raunchiest beginners guide to investing ever....
(nipple clamps will be involved;)
Buying preferred same as with common, you just need the symbol. They usually have a P after it like F-P. Ford redeemed them years ago I think $50ish. Glad you bought the common at least.
@ #5- "hardon"? He can take it.
Looks like the Filter Team missed one.