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| barloy |
 Posted: Fri Dec 16, 2005 5:10 pm Post subject: learning |
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Investing Sr. Associate
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| how to pick the right ones |
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| stockmarkettips |
| Posted: Fri Dec 16, 2005 5:39 pm Post subject: |
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Investing Manager
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| years and years of practice and research |
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| Im Not Warren Buffett |
| Posted: Fri Dec 16, 2005 5:45 pm Post subject: |
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CFO
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Take the stock section of the newspaper, tape it to a wall, and throw a dart. Buy whatever you hit.
(This isn't a joke, an actual study found that a monkey trained to do this beat the return of professionals.) |
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| stockmarkettips |
| Posted: Fri Dec 16, 2005 5:51 pm Post subject: |
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Investing Manager
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| Hard work and diligence. What did warren buffet make on his money year after year? Was it 40%? I think Jim Cramer from Mad Money made 20% for over 20 years, year after year. So, there are some who are better able than others and surely we're not all monkeys throwing darts. |
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| Im Not Warren Buffett |
| Posted: Fri Dec 16, 2005 5:57 pm Post subject: |
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CFO
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I know, thats story is more hyperbola than anything else, but it proves a point that sometimes luck can carry the day.
Ballpark figures...
Buffett has compounded about 24% for approx. 4 decades through Berkshire Hathaway (BRK.A and BRK.B),
Cramer ran a hedge fund and compounded approx. the same amount as Buffett over a dozen years (or so I've heard).
Peter Lynch compounded about 29% for 13 years while he headed the Fidelity Magellan Fund. |
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| barloy |
| Posted: Tue Dec 20, 2005 12:24 pm Post subject: you are all right |
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Investing Sr. Associate
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| you all are right thats what i think i should do its got to be better then what iam doing now lmao |
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| Im Not Warren Buffett |
| Posted: Fri Dec 23, 2005 2:42 pm Post subject: |
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CFO
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If you want constructive advice on how to better manage your money, why not share what you are doing in this thread? If you are considering buying, post what you're looking at and why you think you should buy. Just listing out reasons will make you consider your trades more, and posting here will earn you the almighty e$  . |
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| barloy |
| Posted: Wed Dec 28, 2005 4:53 pm Post subject: csco |
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Investing Sr. Associate
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| csco -------------------- is what i think looks good but what do they mean by bid or ask and how do you do it i been just clicking on the buy button is there a way to bid on the stock oris this the only way that you can buy in here-----------------------------------------------------------thanks for any help with this------------------------ |
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| frusnak |
| Posted: Wed Dec 28, 2005 5:04 pm Post subject: |
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CFO
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 Barloy, a bid is what some one is willing to pay for a stock...
ask is what some one want's for the stock.
On einvesting, go to stock market simulator where you can put in the stock symbol you want then click on the buy button... you will go to a screen where you can add to the amount of shares if you want, then click that buy button. You do not have any other purchase options  hope this helps you  |
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| TimeInvestor |
| Posted: Thu Dec 29, 2005 8:10 am Post subject: |
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Investing Associate
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thanks for that frusnak.
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| geb9696 |
| Posted: Fri Dec 30, 2005 8:59 am Post subject: |
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Investing VP
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| On a side note about Buffett and Cramer. These guys do not pick stocks all by themselves. They normally have a few people with whom they work with in order to find the best possible options. Furthermore Cramer ran a hedge fund with his wife who was a more talented trader then he was. They made most of their money flipping stocks and through calling companies and finding out what the heck was going on. In 1998 Cramers fund almost went bust after the collapse of the Long Term Captial Management fund. He was invested in many smaller banks at that point. When it became known that his found was down a big percentage and people were going to withdraw money the other hedge funds tried to ruin him. They began to short everything that his fund owned. At this point they called up some of the companies that they had magor stacks in and threaten to dump everything on the open market, which would cause a huge drop in share price, if the company did not start buy back to make the stock price rise. The average investor would never be able to do this. Along with this his wife made a ton of the money they made through flipping stuff. If not for his wife Cramers fund would not exist today. Running a hedge fund as Cramer did is nothing like the normal investing that we would do. He and his team was incharge of over 360 million at one point. With that much money whenever they bought anything they effected the price if not done correctly. Also because of the massive volume that the did with Goldman and their other brokerages they were able to find out exactly what everyone else was doing. They could find out why stuff was dropping and who was doing what. Buffett is also not like the average investor because when he goes into a company it is usally for a large % where he is able to appoint himself ceo is something tragic happens. This was evident during the Salomon scandel in which he was able to appoint himself ceo. So after this rather long rant about nothing I just want to point out that yes some of these top fund managers make 20+% average returns but they do it much differently then the person with 10,000 sitting at home on a computer. |
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| frusnak |
| Posted: Fri Dec 30, 2005 11:20 am Post subject: |
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CFO
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 Wow, awsome geb, where did you get the info? |
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| geb9696 |
| Posted: Fri Dec 30, 2005 11:58 am Post subject: |
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Investing VP
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| The Cramer stuff is from his book Confessions of a Street Addict. The Buffett stuff I read on Investopedia and then researched more about it on google. I am now reading The Intelligent Investor by Benjamin Graham. From what I have read so far Cramer took a few shots at Graham and Warren during the late 1990's. Jason Zweig who did the updated commentary has a few of Cramer's quotes in the book. In hindsight, Cramer's quotes seem rather unitelligent but the quotes are taken somewhat out of context. During the late 1990's Cramer was not a fan of value investing. On march 10, 2000 Cramer said to short Berkshire Hathaway which was trading below 50,000. Now its trading around 89,000. He also said that Graham's method were out of date. Cramer was a huge fan of the technology sector. Unlike most his experiances with thestreet.com and its how the ipo process went saved him from getting burnt during the dot com downfall. He realized that these companies were insaely overvalued and profited nicely by shorting most of the dot com stocks. |
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| frusnak |
| Posted: Fri Dec 30, 2005 12:18 pm Post subject: |
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CFO
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| I just finished Real Money and next will be Street Addict. If you think about it you have to find stocks that are out of the spot light. Other wise you can get caught in a squeeze between short and long games. Get into a stock before it gets noticed, thats the draw of penny stocks. Live on the outskirts and pick away at the pie crumbs while no one is watching. |
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| geb9696 |
| Posted: Fri Dec 30, 2005 5:32 pm Post subject: |
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Investing VP
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| I am not sure if pennystocks are the way to go but staying away from speculation is a much safer way to go. For the smaller investor it can be deadly to speculate and day trade. The possiblity of getting caught between a short squeeze is not a smart risk. The stock market has been compared to a pyramid scheme in some senses because eventually there is nobody left to buy and the stock price falls back to its correct value. |
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