stock market??

rayraypico

Member
where do you go to obtain information about stocks. I have been looking for a good information source or even a good forum like they have here at saltwaterfish.com but have not found anything I like.
Does anyone have any surefire tips on stocks that they know will do good?
 

marvida

Member
The best way to start out, if that's what you're doing, is to try to find a financial advisor you trust. Pick up a few mutual funds, watch out for admin. fees, they can eat your lunch. A subscription to a mag like Money will pay for itself & finally, don't look for hot stock tips on a salt water hobby board. There's got to be some financial people here that can point you in the right direction.
Good Luck!
 

dicemanj

Member
As far as for mutual funds, don't worry so much about the fees, I am an administrator for mutual funds, and the IA fees are much larger than admin fees. Look at the total return information, it is published in the prospectus and semi and annual finiancial statements. Most Mutual Fund websites also show total returns. The reason I say do not worry about expenses is: If one fund charges .5% more in expenses, but has a total return that is 1% better, why do you care. I would not mind paying higher fees, if I get better results. Also make sure you are comparing the same types of funds.
As far as stock picks, I agree, don't get them from message boards.
If you have a job that offers a 401k that they will match, make sure you are 100% in this before other investments. This is probably the best investment you can find.
Good luck.
 

marvida

Member
I agree with Dicemanj. My portfolio is fully managed by an advisor I trust implicitly. He operates freely within certain investment criteria that we have pre-determined will satisfy my personal goals & objectives. In my experience a professional advisor is worth every penny he or she earns.
 

reefraff

Active Member
Hot stock tip, Anything I own shares in because the more people buy the more mine are worth. That is the danger of buying based on message boards.
If you are investing a good amount of money find a good investment adviser. If not research mutual funds (morningstar.com is a good source of info), I like the index funds myself. They haven't had the return my individual stocks have but the risk is much less. I had a few real dog stocks but my investment guy had me in like 20 different stocks and the winners have way outdone the losers. It is really easy to lose a bundle if you pick just a couple of the wrong stocks.
 

sly

Active Member
I use ameritrade and simply track my stocks from there. They have an easy search that shows the last traded price and the asking price. They have links to news events that can help you decide on a company also.
One stock I recommend looking at is Packet8 (EGHT). Look for them to start climbing when they release their quarterly statement next year. Best time to buy may be around October-November.
Like was already mentioned, do some research into a company before you buy.
 
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