GE might be tied to presidents sucess? I have been interested in copper. Any company that is in China tied to building or mfg might be worth looking at ? I dont watch the market close. I would trust Andy Reed more than I would that freak on CNBC (Mad Money)? Buy precious metals (Classic cars)! Thats Jim Cramer Mad Money not Cosmo Kramer.
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Nov. 18, 2011 11:38 a.m. redrabbit Reader
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Nov. 18, 2011 12:49 p.m. PHeller Dork
With commodities, are there online places to invest?
Silver, Gold, Oil, any type of resource is pretty easy to watch...you hear about it on the news. "New mine opened in Montana" or something like that.
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Nov. 18, 2011 7:25 p.m. wbjones SuperDork
for nearly ever silver ran at about 30% of the price of gold... if that were to continue to hold true then silver would have to be the biggest bargain on the planet ... it's fluctuating around $30/oz .... 30% of gold would be in the $300 range ....
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Nov. 18, 2011 7:40 p.m. aussiesmg SuperDork
I have been thinking that as well Walter, now where do I go to buy the stuff?
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Nov. 18, 2011 9:11 p.m. tuna55 SuperDork
if I were buying up a precious metal, I would just go buy some. I knew a guy who bought up gold coins in 2003 on eBay, no paper trail for his ex wife and it turned out pretty well. I wouldn't buy a fund related to it, I would just buy some physically. My father in law has some, gold and silver, I think it's smart.
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Nov. 19, 2011 7:52 a.m. wbjones SuperDork
yeah ... physical ownership is what I'd want....
got lucky at a coffee stop the other day... change contained 2 mercury dimes... asked the cashier if she had any more...
her response .... " yeah, a whole bunch" .. " are they real ?"
very young, immigrant .... so ... as ashamed as I am to admit it, I said "yes they're real .... just old and not in very good condition"... end game... I got 42 mercury dimes for $4.20... melt value ~ $100 ...
could probably retire soon if I could do that several times a day
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Nov. 19, 2011 11:32 a.m. Quasimo1 New Reader
I wouldn't chase any 'risky' investments in the stock market unless you really know your stuff, otherwise you are asking to loose your cash. Since you are asking about investments on a car forum I think its safe to assume that you are not an expert.
With that being said you will be FAR better off taking your $500 and investing it in a solid dividend paying stock near its 52 week low. It may not be sexy, or exciting but at least it will will prevent you from losing all of your money and possibly earn you a little bit of return. Usually when a stock or asset becomes 'exciting' it has already made its big move and any additional money being invested into it is likely to be met with a large loss.
Investing is hard work and slow and steady really does win the race in this game. To get you started take a look at Kellogg Company (K), and determine a price point where you would consider the company undervalued and overvalued before you commit your cash. Good luck!
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Nov. 19, 2011 3:57 p.m. wbjones SuperDork
'course if you really wanted to gamble with your money you could find a way to loan ( at whatever interest rate you could negotiate) it to the government of Greece
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Nov. 19, 2011 4:03 p.m. 1988RedT2 SuperDork
wbjones wrote:
yeah ... physical ownership is what I'd want....
got lucky at a coffee stop the other day... change contained 2 mercury dimes... asked the cashier if she had any more...
her response .... " yeah, a whole bunch" .. " are they real ?"
very young, immigrant .... so ... as ashamed as I am to admit it, I said "yes they're real .... just old and not in very good condition"... end game... I got 42 mercury dimes for $4.20... melt value ~ $100 ...
could probably retire soon if I could do that several times a day
I had a similar experience at the bank not too long ago. I am in the habit of asking the tellers if they have any half-dollars. She held up four obviously silver pieces and said "I have these." I eagerly said that I would be happy to take them. When I got home, I had a 64 (silver) Kennedy half, two 1947-ish Walking Liberties, and a nineteen-ought-something Barber type. I'm hoping it happens again, but I think the odds are against it.
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Nov. 19, 2011 5:21 p.m. Karl La Follette Dork
Buy Steel/platinum/brass/copper=junk cars $500 buys alot of these
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March 6, 2012 2:08 p.m. PHeller Dork
Several Month Bump:
Recently had a discussion with a fellow who was trading only precious metals. Gold specifically. He turned $200 into $1000 in 2 hours. I guess it was because he woke up, heard/read some interesting news tied to an industry that uses gold, went online, bought some gold, and sold it when the market found out after lunch.
What I don't get is that he said he "never holds the gold", but that he's keeping it all online. Is there a way of buying and selling online only?
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March 6, 2012 2:28 p.m. BoxheadTim SuperDork
PHeller wrote:
Several Month Bump:
Recently had a discussion with a fellow who was trading only precious metals. Gold specifically. He turned $200 into $1000 in 2 hours. I guess it was because he woke up, heard/read some interesting news tied to an industry that uses gold, went online, bought some gold, and sold it when the market found out after lunch.
You might want to ask him how often he lost out before he made money that one time - yeah, the same question you're not supposed to ask people who gamble in Vegas either.
PHeller wrote:
What I don't get is that he said he "never holds the gold", but that he's keeping it all online. Is there a way of buying and selling online only?
He's probably playing with derivatives, as that's pretty much the only way I can see that a fairly small "downpayment" can turn a profit like this in a short amount of time. With physical gold you'd have to be looking at gambling multiples of thousands for the same effect.
Derivatives in general - and commodity derivatives in particular - are also good way to make a small fortune from a large one if you don't already know very well what you're doing.
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March 6, 2012 2:41 p.m. PHeller Dork
Anyone read this?
The Layman's Guide To Trading Stocks
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March 6, 2012 3:24 p.m. JoeyM SuperDork
PHeller wrote:
Several Month Bump:
Recently had a discussion with a fellow who was trading only precious metals. Gold specifically. He turned $200 into $1000 in 2 hours. I guess it was because he woke up, heard/read some interesting news tied to an industry that uses gold, went online, bought some gold, and sold it when the market found out after lunch.
What I don't get is that he said he "never holds the gold", but that he's keeping it all online. Is there a way of buying and selling online only?
Sounds a lot like FOREX metals. Risky business.
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March 6, 2012 4:39 p.m. PHeller Dork
Yep, FOREX.
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March 6, 2012 4:53 p.m. fast_eddie_72 SuperDork
tuna55 wrote:
I use Scottrade and have been pretty happy, by the way.
That's what I use. I have very, very little invested there though. Less than $10k. (Hum, less now than this morning!) Most of my money is in my 401k or an account with a financial advisor. I'll tell you what I know, though.
First, it takes time. I get too busy to watch it and can end up in trouble. That's why mutual funds work well for those of us who aren't "traders". The money I do trade is more like a hobby than an investment. But here's what I know. When something starts getting hot, buy it. When it starts going down, sell it. Yeah. That's the sum total of my advice.
It does work though. I bought Apple at 501 and change. It had shot up to 520 then dipped back down to 501 so I got in. May get out soon. Still, at five hundred bucks a share, I only have 5 shares. So a $20 move would only make me $100. Gonna take a long time to get rich that way.
As for actually making money- most of my 401k sits in an S&P 500 index fund. It sucked there through 2008 and 2009, but all in all, it's worked out well.
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March 6, 2012 5:01 p.m. fast_eddie_72 SuperDork
wbjones wrote:
'course if you really wanted to gamble with your money you could find a way to loan ( at whatever interest rate you could negotiate) it to the government of Greece
That's easy- buy Greek bonds. Though, uh, I wouldn't.
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March 6, 2012 5:14 p.m. aussiesmg SuperDork
Hey Tim, do you ever get good leads?
Wanna share them?
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March 6, 2012 5:31 p.m. fast_eddie_72 SuperDork
tuna55 wrote:
if I were buying up a precious metal, I would just go buy some. I knew a guy who bought up gold coins in 2003 on eBay, no paper trail for his ex wife and it turned out pretty well. I wouldn't buy a fund related to it, I would just buy some physically. My father in law has some, gold and silver, I think it's smart.
Depends on what you want to do. If you're going to hang on to them for a good while, that's fine. If you want to trade on the ups and downs, that's tough.
