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The Stock Market thread: BUY! BUY! BUY! Sell, sell, sell...

Re: The Stock Market thread: BUY! BUY! BUY! Sell, sell, sell...

Bob Gray said:
I understand what you're saying, but at the end of the day, anything you sink such a huge chunk of money into has to be viewed at least partially through the lens of considering it an investment. We bought a house recently, and us thinking we'd like living there was a major factor, but also getting a good price, being in a place where it will hold its value, etc. also factored into our considerations. It's not an either or situation.
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I had similar thoughts when I purchased my car: Would I like driving it, am i getting a good price, will it have a good resale value. My car is not an investment. My car is an asset and I do things to try and protect the value of that asset. I see the house I live in the same way, it's an asset (often the largest single asset one will own) and you should do things to protect and enhance the value of that asset (both in terms of financial value and lifestyle value) but that doesn't make it an investment.

I guess my point is this: if you think of a stock is a good investment, than logically more stock is a better investment. That logic does not apply to a house: If a house is a good investment, a bigger house is a better investment. That type of thinking has a substantial likelihood of getting people into an expensive financial mess.
 
Re: The Stock Market thread: BUY! BUY! BUY! Sell, sell, sell...

amherstblackbear said:
Simple question: what is an investment?
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I believe the definition Almington is using is an asset or good for which you expect a positive monetary (or other similarly tangible) return. The benefits Bob is describing, although certainly beneficial to aura, are not tangible.
 
Re: The Stock Market thread: BUY! BUY! BUY! Sell, sell, sell...

Almington said:
I had similar thoughts when I purchased my car: Would I like driving it, am i getting a good price, will it have a good resale value. My car is not an investment. My car is an asset and I do things to try and protect the value of that asset. I see the house I live in the same way, it's an asset (often the largest single asset one will own) and you should do things to protect and enhance the value of that asset (both in terms of financial value and lifestyle value) but that doesn't make it an investment.

I guess my point is this: if you think of a stock is a good investment, than logically more stock is a better investment. That logic does not apply to a house: If a house is a good investment, a bigger house is a better investment. That type of thinking has a substantial likelihood of getting people into an expensive financial mess.
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I think we're on the same page. You're just being a bit more technical in your definitions than I am.
 
Re: The Stock Market thread: BUY! BUY! BUY! Sell, sell, sell...

@Flagdude

Fair enough. That makes sense. I was using investment (maybe improperly) to cover the entire of financial management strategies, which includes things like hedges, where a narrow expectation of increasing value isn't a strict requirement to justify the transaction.

Thinking of your home solely in terms of being an income investment? I'm not down with that, either.
 
Re: The Stock Market thread: BUY! BUY! BUY! Sell, sell, sell...

Bob Gray said:
I think we're on the same page. You're just being a bit more technical in your definitions than I am.
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I'm sure that a (big?) part of it is that I'm just letting one of my pet peeves run amok. Happens from time to time.
 
Re: The Stock Market thread: BUY! BUY! BUY! Sell, sell, sell...

Incidentally, I have to contribute 3% of my salary to a 401k (or lose all retirement benefits) as a Florida employee.

I knew I was only going to be in it for a year, so I spread the contributions among a handful of asset classes. I'm 2-3 weeks from rollover, which means I've got a pretty good idea of what the final score will be. You can guess what's next. :)

The winner will be the real estate fund. :p

Again, this was a 1-year strategy from the get-go. Not making any general claims, here.
 
Re: The Stock Market thread: BUY! BUY! BUY! Sell, sell, sell...

Almington said:
I'm sure that a (big?) part of it is that I'm just letting one of my pet peeves run amok. Happens from time to time.
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I know how that is. One of mine (which may be obvious, now) is the idea that ignoring opportunity costs makes them go away.
 
Re: The Stock Market thread: BUY! BUY! BUY! Sell, sell, sell...

FlagDUDE08 said:
Bernanke thinks QE3 is less likely. Perhaps now we can see growth on its own.
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Good. Any bump QE gave the markets disappeared each time when it ended, but left the Fed with a bigger balance sheet. If we're gonna grow, let's do it the real way, not the cutesy way.
 
Re: The Stock Market thread: BUY! BUY! BUY! Sell, sell, sell...

French Rage said:
Good. Any bump QE gave the markets disappeared each time when it ended, but left the Fed with a bigger balance sheet. If we're gonna grow, let's do it the real way, not the cutesy way.
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But the cutesy way could help win re-election. Real growth is for fuddy-duddies.
 
Re: The Stock Market thread: BUY! BUY! BUY! Sell, sell, sell...

Well with real estate you get leverage, which will magnify your returns (and losses), you need to learn to use that leverage and there is lot of tax advantages to real estate investments.

I'll go with Buffer, Lynch on buying what you use/know (costco, safeway, old navy, best buy, netflix) etc... and you should look for out of favor sectors. Looks like the the video console game sector is out of favor (EA, ATVI, TTWO) with the slowing sales of ps3 xbox etc... so there could be a trading opportunity.
 
Re: The Stock Market thread: BUY! BUY! BUY! Sell, sell, sell...

Tundra said:
Well with real estate you get leverage, which will magnify your returns (and losses), you need to learn to use that leverage and there is lot of tax advantages to real estate investments.

I'll go with Buffer, Lynch on buying what you use/know (costco, safeway, old navy, best buy, netflix) etc... and you should look for out of favor sectors. Looks like the the video console game sector is out of favor (EA, ATVI, TTWO) with the slowing sales of ps3 xbox etc... so there could be a trading opportunity.
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The tech plays usually peak out around this time. You really want to wait until September or so to buy those.

As for trading, I'd recommend a good discount trader (such as sogotrade, scottrade, optionshouse, any of those), and then use other good research sites like Morningstar (although like USCHO you have to pay for the good stuff, there's enough research to know what you're looking for) to get good information, and then start trading. The companies where you're most familiar aren't always good; they could be deep in the red and you wouldn't know.
 
Re: The Stock Market thread: BUY! BUY! BUY! Sell, sell, sell...

FlagDUDE08 said:
The tech plays usually peak out around this time. You really want to wait until September or so to buy those.

As for trading, I'd recommend a good discount trader (such as sogotrade, scottrade, optionshouse, any of those), and then use other good research sites like Morningstar (although like USCHO you have to pay for the good stuff, there's enough research to know what you're looking for) to get good information, and then start trading. The companies where you're most familiar aren't always good; they could be deep in the red and you wouldn't know.
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But I think that if you start with what you know. How is your experience with the company and then do research. I was looking into Netflix about a year ago and was close to pulling the trigger but the more I looked the more I started to worry about the long term costs of content on streaming. Then netflix self-imploded (with the price increase and the Quickster disaster) and I was glad that I avoided the whole thing. That's when I purchased Birkshire-B (which I admit was more impulsive than I normally like to be).
 
Re: The Stock Market thread: BUY! BUY! BUY! Sell, sell, sell...

Almington said:
But I think that if you start with what you know. How is your experience with the company and then do research. I was looking into Netflix about a year ago and was close to pulling the trigger but the more I looked the more I started to worry about the long term costs of content on streaming. Then netflix self-imploded (with the price increase and the Quickster disaster) and I was glad that I avoided the whole thing. That's when I purchased Birkshire-B (which I admit was more impulsive than I normally like to be).
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Back in 2009, I started with Morningstar's "Profitable but Unloved" list, which is where I found SLB. Then I started looking at companies I didn't like (at the time) but did well, like F, MSFT, NTRI, and AEO. Ford didn't take the bailout, and that shot that price up. Also looked into basic materials like iron and copper (MSB and PCU/SCCO); I made a killing there. I had some bad investments in financials and currencies so there was a bit of a learning curve, but I'm starting to do better. I still haven't COMPLETELY learned as I'm still caught in one bad one in PT (going to trade that at ex-dividend, no sense in hanging on to it after that as the next potential dividend doesn't come until December), HGT I got caught with, and I do some impulse buying (like SLE recently, heard rumours about a special dividend with that so I may just ex-div-trade that), but overall I'm doing well.
 
Re: The Stock Market thread: BUY! BUY! BUY! Sell, sell, sell...

Something some of us already knew (or could guess). Amazon just reported sales and its up 15% in aftermarket trading. Didn't get as much of it as I wanted.
 
Re: The Stock Market thread: BUY! BUY! BUY! Sell, sell, sell...

Weak economic reports... PANIC! PANIC! EVERYONE SELL! :rolleyes:

Get ready to buy your favourite stocks; you'll have a good opportunity in the next day or two.
 
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