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Unread 11-20-2011, 12:55 PM   #1 (permalink)
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Any stockbrokers here?

I am looking into investments and would like to educate myself on the basics of understanding the stock market and investing strategies. Hoping for recommendations on books. There are way too many out there, need help figuring out which books are absolute must-haves.
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Unread 11-20-2011, 12:58 PM   #2 (permalink)
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Does that include commodities trading?
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Unread 11-20-2011, 01:02 PM   #3 (permalink)
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Does that include commodities trading?
Yep! the whole she-bang.
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Unread 11-20-2011, 01:08 PM   #4 (permalink)
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Reminiscences of a Stock Operator by Edwin Lefevre

This book is awesome.
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Unread 11-20-2011, 01:13 PM   #5 (permalink)
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I don't do the risk of full time stock trading. My mother used to juggle with the dot-com boom back when she was working in the IT industry 20 years ago, got into the stocks and has passed the fate of her stocks to me as I got older.

I have been paying attention only to those industries that I understand. I don't like investing in what I do not know about, it's a complete gamble. I prefer to stick with the industries I know are going to improve or release ideas or products that will help them gain revenue. This is mainly IT and technical related.

Sorry that I can't be much of a serious help as I'm not a full time trader.
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Unread 11-20-2011, 01:18 PM   #6 (permalink)
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I don't do the risk of full time stock trading. My mother used to juggle with the dot-com boom back when she was working in the IT industry 20 years ago, got into the stocks and has passed the fate of her stocks to me as I got older.

I have been paying attention only to those industries that I understand. I don't like investing in what I do not know about, it's a complete gamble. I prefer to stick with the industries I know are going to improve or release ideas or products that will help them gain revenue. This is mainly IT and technical related.

Sorry that I can't be much of a serious help as I'm not a full time trader.
I don't spend more than twenty minutes a day on my stocks.
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Unread 11-20-2011, 01:25 PM   #7 (permalink)
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I don't spend more than twenty minutes a day on my stocks.
I don't intend to spend more than 30 minutes a day on my investments either. Just want to buy and hold but need to educate myself first.

Thanks for that book recommendation! There's another book that Warren Buffet recommended which was "The Intelligent Investor" - you've read it?
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Unread 11-20-2011, 01:26 PM   #8 (permalink)
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I don't spend more than twenty minutes a day on my stocks.
Same here, mostly just the closing prices.

I like to read press releases and upcoming products in the long run. With the deal that android is in, I have some shares in their processor manufacturer.

With the direction the smartphone world is heading, there will be releases that further improve the hardware and performance of android phones. It will only be a step in the positive direction.
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Unread 11-20-2011, 01:32 PM   #9 (permalink)
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I don't intend to spend more than 30 minutes a day on my investments either. Just want to buy and hold but need to educate myself first.

Thanks for that book recommendation! There's another book that Warren Buffet recommended which was "The Intelligent Investor" - you've read it?
I haven't read but may check it out, thanks.
I mostly do foreign currencies by going long or short on them. Right now my favorite is the Swiss franc.
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Unread 11-20-2011, 01:33 PM   #10 (permalink)
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Same here, mostly just the closing prices.

I like to read press releases and upcoming products in the long run. With the deal that android is in, I have some shares in their processor manufacturer.

With the direction the smartphone world is heading, there will be releases that further improve the hardware and performance of android phones. It will only be a step in the positive direction.
Cool. There are so many different opportunities in commodities trading and it doesn't cost an arm and a leg.
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Unread 11-20-2011, 01:44 PM   #11 (permalink)
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I haven't read but may check it out, thanks.
I mostly do foreign currencies by going long or short on them. Right now my favorite is the Swiss franc.
Aye, I been meaning to ask someone into commodities, don't know anyone in it. What ever happened to the Canadian dollar?
I hadn't kept a close watch on it, but I remember a couple of years ago I was amazed when I saw the Canadian dollar being a 0.9:1 value to the US dollar. I thought it was a good investment opportunity for anyone into it.
I was up in Vancouver a little over a month ago and noticed the value's been back down, like 1.2:1 now.

How do these markets shift? What causes the whole change in currencies?
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Unread 11-20-2011, 01:47 PM   #12 (permalink)
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Aye, I been meaning to ask someone into commodities, don't know anyone in it. What ever happened to the Canadian dollar?
I hadn't kept a close watch on it, but I remember a couple of years ago I was amazed when I saw the Canadian dollar being a 1.2:1 value to the US dollar. I thought it was a good investment opportunity for anyone into it.
I was up in Vancouver a little over a month ago and noticed the value's been back down, like 0.9:1 now.

How do these markets shift? What causes the whole change in currencies?
If I knew the answer to that, I'd be a billionaire.
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Unread 11-20-2011, 01:49 PM   #13 (permalink)
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fair enough. Next thing you know it, you're gonna be in the 1% and a target of the debates here.
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Unread 11-20-2011, 01:55 PM   #14 (permalink)
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fair enough. Next thing you know it, you're gonna be in the 1% and a target of the debates here.
Heh, I'm curious too what makes the value of the currency fluctuate and while this article pertains to the US dollar, it gives you an idea...

50 Factors that Affect the Value of the US Dollar – Currency Trading.net
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Unread 11-20-2011, 02:06 PM   #15 (permalink)
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What an interesting read. Thanks for sharing it!
Sounds like there's more to it than meets the eye. And uncontrollable factors too.
Obama must be getting popular despite some of our member's continual remarks about him.
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Unread 11-20-2011, 02:16 PM   #16 (permalink)
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Wow... talk about totally unprecedented:
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News about inflation: Of course, any news about possible inflation of the dollar or foreign goods can cause the foreign exchange market to react preemptively and fluctuate the dollar one way or another.
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Unread 11-20-2011, 02:35 PM   #17 (permalink)
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I am looking into investments and would like to educate myself on the basics of understanding the stock market and investing strategies. Hoping for recommendations on books. There are way too many out there, need help figuring out which books are absolute must-haves.
lol oye... that's what I asked my brother long time ago and he said - "forget it. my advice to you? don't do it"

meaning - don't do stocks if you don't know what you're doing because reading a few books aren't going to help otherwise everybody would be rich and ever since online trading sites came into existence, stock market has become even more volatile.

and also my father's friend would say same - "don't do it". it nearly destroyed him.

when you hear in news such as "Steve Jobs is dying". The stock will obviously go down but here's a problem. What you hear is most likely already outdated by a few hours or so. it's maddening.
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Unread 11-20-2011, 02:53 PM   #18 (permalink)
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lol oye... that's what I asked my brother long time ago and he said - "forget it. my advice to you? don't do it"

meaning - don't do stocks if you don't know what you're doing because reading a few books aren't going to help otherwise everybody would be rich and ever since online trading sites came into existence, stock market has become even more volatile.

and also my father's friend would say same - "don't do it". it nearly destroyed him.

when you hear in news such as "Steve Jobs is dying". The stock will obviously go down but here's a problem. What you hear is most likely already outdated by a few hours or so. it's maddening.
Everything we do has some risk attached to it. I'm going to do it anyway.
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Unread 11-20-2011, 02:55 PM   #19 (permalink)
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Everything we do has some risk attached to it. I'm going to do it anyway.


the risk attached to it is greater than casino's but I'll say good luck! don't forget to buy Jiro's Sunglasses for +10 luck boost!
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Unread 11-20-2011, 02:59 PM   #20 (permalink)
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You can't be in the 1% without capital gains.
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Unread 11-20-2011, 03:01 PM   #21 (permalink)
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the risk attached to it is greater than casino's


I disagree.
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Unread 11-20-2011, 03:02 PM   #22 (permalink)
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I disagree.
SHOW ME THE MONEY!!!!

I made more money at casino's than I did in stock.

mind you - not a real stock market
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Unread 11-20-2011, 03:05 PM   #23 (permalink)
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The brokerage houses trade with computers using programs based on models. This makes the whole system one big casino. The house always wins, too. *churning cough*
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Unread 11-20-2011, 06:24 PM   #24 (permalink)
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I don't intend to spend more than 30 minutes a day on my investments either. Just want to buy and hold but need to educate myself first.

Thanks for that book recommendation! There's another book that Warren Buffet recommended which was "The Intelligent Investor" - you've read it?
I'll have to check it out.
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Unread 11-20-2011, 11:30 PM   #25 (permalink)
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lol oye... that's what I asked my brother long time ago and he said - "forget it. my advice to you? don't do it"

meaning - don't do stocks if you don't know what you're doing because reading a few books aren't going to help otherwise everybody would be rich and ever since online trading sites came into existence, stock market has become even more volatile.

and also my father's friend would say same - "don't do it". it nearly destroyed him.

when you hear in news such as "Steve Jobs is dying". The stock will obviously go down but here's a problem. What you hear is most likely already outdated by a few hours or so. it's maddening.
Yep, I agree. Day trading made things crazy. If you remember many months ago I debated another ADer on the relationship of the market and the economy. It's like poker now, you have to play the players now instead of the cards.
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Unread 11-20-2011, 11:35 PM   #26 (permalink)
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Everything we do has some risk attached to it. I'm going to do it anyway.
Good luck. And if you are only spending 30 minute a day you will need alot of luck. If you understand how to invest, the books for the most part are a waste of time and money. You would be better off reading the financial page and making charts.

My rule #1 for investing.....don't waste time and money.

Rule number #2 Never invest money you might need. Needing to selling at the wrong time is an absolute killer
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Unread 11-21-2011, 12:51 AM   #27 (permalink)
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Everything we do has some risk attached to it. I'm going to do it anyway.
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Unread 11-21-2011, 12:52 AM   #28 (permalink)
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I disagree.
Well... I agree to a certain degree. I play in the casinos for a living, but not the stock market anymore.
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Unread 11-22-2011, 04:11 PM   #29 (permalink)
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Chuckle... reading all above.. I been in investments for many years (starting when I was 20 years old). Anyone can start invest it, starting with small, slow growth and safe investment. There are 3 different level of investments, stocks, mutual funds and bonds. Mutual funds are best way to invest it, since it's more safer than stocks. So, starting out with mutual funds, and once it grow, then you can sell mutual funds and buy less aggressive stocks. Then you can build it from there and buy next level of more aggressive stocks. Aggressive stocks or more volatile than mutual funds.

Of course back in end of 2008, when stock markets nearly crashed, I lost significant amount of money but it will grow back again. So, today, it came back about 3/4 of the way it was before. Buying companies stocks are very risky... if company closed, you will loose everything. So, it's better to have like international stocks instead of individual stocks. Also, good idea to diversify various investments... like stocks, mutual and bonds all together.

So, I'm safe to retired.

Added: one more thing... I have about 68 differents stocks, mutual funds and international funds... that what I mean by diversify it...
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Unread 11-22-2011, 04:15 PM   #30 (permalink)
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Well... I agree to a certain degree. I play in the casinos for a living, but not the stock market anymore.
You gamble for a living?
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