Investors....come in please!

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Andrew Corp., down $2.63 at $11.30

The wireless telephone equipment maker missed Wall Street's earnings forecasts by a penny per share. Just showing how much risk there is in that sector.
 
Cramer is big on telecom - NOT, but then again Cramer has a foot thing going.

Lemme see, other than kicking *** this week, my TIP funds decided to pay a big dividend, I upped my 401K account, haven't got over excited about energy...maybe it's time to buy LU again....NOT!
 
A question for the investors who buy and sell frequently.


Do you guys make money? Don't the trading costs and the taxes eat your profits? Given the risks I don't see small time investing be worth the hassle.
 
I make money. No, trading costs are max $8 in, $8 out. $16 on a $20,000 or $200,000 turn around is not that much.

I substantially beat mutual funds for the last 5+ years. This year my funds are doing great - mainly because I've learned a lot more about picking the right sectors and funds. So it will be closer than usual.

Up to you Kloppit. If you don't want to take the time, then get some good very low cost funds. Remember - don't buy into the ETF hype any more than any other hype. I use some selected ETF's and some low cost funds.

I use a combi investing technique. Pure science to pure popularity. Charts are great, but they are NOT the be-all end-all. If you can execute fast enough, nothing wrong with turning $200 -500+ in a day trade.

The bottom line - it's almost always better to be an owner than a lender. Notice I said almost - you need to lend some money, too. I like a couple bond ETF's and a STBF for that!

Good question though - a trader/investor should never lose sight of it.
 
quote:

A question for the investors who buy and sell frequently.


Do you guys make money? Don't the trading costs and the taxes eat your profits? Given the risks I don't see small time investing be worth the hassle.

Um I pay $10.99 or 21.98 round trip.

I usually trade anywhere from 1500 to 3000 now. I never trade more than 10% of my portfolio in one stock.

So if I'm trading 1500 I'm paying 1.4% on that no matter how long I hold the stock. If you have a growth stock mutual fund you will pay at least 1.5% every year. Secondly the money I trade with the less I pay in percentage commission.

Lastly, if I can make 10-20% in a few months turn around I will do it. Why, cuase you could be lucky to make that in a mutual fund, or even worse in the general market (S&P500).

Now, not all of mine are winners, just sold THC for a 30% loss, but got tired of messing with it, and thought I could at least cash out now before things get worse, plus that will offset some of my short term gains.

Hope this helps.
 
Time to choke up your dog of the YEAR stock.

My biggest % (and dollar) loss was with LU. I just found it pointless to hold this DOG. Why did I buy it? pure, stupid speculation - notthing really good on paper, other than hope.
 
Pabs, sold it a few months ago, I pulled the trigger on that dog when I realized I could cut my loss and buy something that would at least go up a bit.

I really like those "cash cows" that pay 10-13% in dividends.
 
quote:

Do you guys make money? Don't the trading costs and the taxes eat your profits? Given the risks I don't see small time investing be worth the hassle.

Excellent question, and one I ask myself everytime I make a trade.
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Actually you have to love it to do it. It's a lot of hard work to do the research, and then sweat bullets if the trade goes the wrong way and you're losing money. But it's very rewarding when things go right and you're beating the averages and making money.

By using discount brokerages the trading costs are not much, and I'm happy to pay taxes because that means I'm making some money at it.....
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By the way guys, things are way overbought and looking weak. I'd love to see a 5-7% pullback and then buy something again......
 
I agree the market in general is overbought as of last week but this week's corrections are making up for that fast. Still - avoid the big market indices for awhile.

If you can't stand it, buy this: PIV
I also like this PHO
Two brand new ETF's that may show spunk over time.

I nearly lost my a$$ this morning.....details later. This is not for the feint/faint of heart.
 
PHO was on Cramer tonight!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
 
PHO...I took a look, Pablo. Is that a water treatment fund? Interesting. Potable water is becoming a problem in parts of the West, I've heard.

New issue, 3 days old....not enough data to make a chart yet....
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