Quote: SOOPOOI know there have been a few threads here about selecting stocks, and what people are specifically picking. I have bought gaming related stocks (SHFL, CZR, NTEK, DEQSF, GLXZ) and have luckily done quite well with them overall.
Did you by NTEK before or after AHigh went to work for them?
http://www.nanotechent.com/team.php
Quote: MathExtremistDid you by NTEK before or after AHigh went to work for them?
http://www.nanotechent.com/team.php
Right after. I like being able to tell a friend 'he now works for me!' That's why I bought DEQSF and GLXZ. I made a good amount of money on SHFL, too, as it liquidated at around a 50% profit from what I bought it at. I'm down 20% on both NTEK and DEQSF, around even on GLXZ. I'm waiting for your tip, my extremist friend....
I have other suggestions if you want to take a rollercoaster ride but I won't offer them unless you ask.
Quote: SOOPOOI know there have been a few threads here about selecting stocks, and what people are specifically picking. I have bought gaming related stocks (SHFL, CZR, NTEK, DEQSF, GLXZ) and have luckily done quite well with them overall. I think CZR alone is triple what I bought it for. I will soon be having a decent sum of money that will be coming from a pension plan that I will roll over into an IRA, so I will be buying stocks. I am asking for forum members, who are kind enough to, to each recommend a stock for me to buy, and I will then have a "WoV' portfolio! There are no pre-determined criteria, just that it is easy to buy on TD Ameritrade. I am not in it for a quick kill, rather, I hope to buy and hold for years. I think I will get access to the money in early March. Thanks for those who choose to make a suggestion!
In general I avoid picking individual stocks as I believe almost no one (certainly not mortals like us) can beat an index fund approach over time. But, that being said, I support setting aside a small part of your portfolio to tinker, as we all have that instinct (especially people on this board, since it is essentially gambling!). Scratch that itch with some "play money" and leave the rest of it alone.
I have done this with my own portfolio to gamble on some marijuana stocks (got in last summer), and have made out quite well so far, selling off enough to recoup my initial investment and letting the rest ride. The stocks all went crazy after Jan 1, when CO officially started selling legal recreational marijuana. This is rampant speculating, as many of these companies are NOT profitable, in fact many of them don't even have an income stream yet. But this is analogous to buying "picks and shovels" stocks during a gold rush. Whenever some big news story breaks about marijuana legalization efforts, the stocks skyrocket.
So, SOOPOO, if you're up for some speculation, I will throw out FSPM, CBIS, and MDBX. Take your pick, or just buy a basket :).
Also, to bring this back around to my first paragraph, you do have the bulk of your investments in low-cost index funds and ETFs, allocated to meet your retirement goals, right? Right? (More info here on one of my favorite investing books.)
Quote: AcesAndEightsIn general I avoid picking individual stocks as I believe almost no one (certainly not mortals like us) can beat an index fund approach over time. But, that being said, I support setting aside a small part of your portfolio to tinker, as we all have that instinct (especially people on this board, since it is essentially gambling!). Scratch that itch with some "play money" and leave the rest of it alone.
I have done this with my own portfolio to gamble on some marijuana stocks (got in last summer), and have made out quite well so far, selling off enough to recoup my initial investment and letting the rest ride. The stocks all went crazy after Jan 1, when CO officially started selling legal recreational marijuana. This is rampant speculating, as many of these companies are NOT profitable, in fact many of them don't even have an income stream yet. But this is analogous to buying "picks and shovels" stocks during a gold rush. Whenever some big news story breaks about marijuana legalization efforts, the stocks skyrocket.
So, SOOPOO, if you're up for some speculation, I will throw out FSPM, CBIS, and MDBX. Take your pick, or just buy a basket :).
Also, to bring this back around to my first paragraph, you do have the bulk of your investments in low-cost index funds and ETFs, allocated to meet your retirement goals, right? Right? (More info here on one of my favorite investing books.)
No worries, Aces!! I am extremely diversified. I will pick the first one you mentioned, FSPM, for my portfolio. I rather not post exactly how much I have to invest, but I plan on investing around 1% of this account on each stock or ETF. If I get less than 100, the rest will go into something like SPY. So far I have COST and FSPM.
Quote: odiousgambithow about ETFs?
I consider an ETF the equivalent of a stock, in that it is easily bought or sold. I own many in other accounts. If you suggest a favorite ETF I will buy it.
If I was looking at a couple of stocks for themselves, I'd look at one of the Canadian Banks (BMO and TD have US tradable shares, I'd probably take Canadian Western though) for their dullness. Or I might look at Illumina (NASDAQ ILMN), as they are the big dog in Genomics sequencing machines, an area I think will contain to grow strongly in the next decade. Plus they have income streams from not only selling hardware, but consumable chemicals.