Stock market investments now or later and who?

rockcity

rockcity

everyday is a chance to get better
Joined
Apr 10, 2005
Location
Greenville, NC
With the market down and most big names being somewhat affordable, I've been pondering about investing in some more stock. Anyone else think its a good idea? bad?

If you would, who would you choose?

With GM on a low since, well, most of us were born, I've been tempted to buy some GM stock. I figure GE is also a safe investment as well. Any other thoughts???
 
GE and BOFA would be my 2 suggestions.
 
jeepinmatt said:
What is the best way to buy/sell stocks? I'd like to get involved a little, but not sure what route to take.
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im in the same boat. i have a little money pigeon holed away that i wouldnt mind putting up but im not sure where to start. my dad does all his stuff through a broker but id like to be able to chose to buy and sell on a dime.

arent there some websites that can get you started?
 
rockcity said:
E trade, Scot trade, tradeking, ameritrade, etc.
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Yep.
Almost every financial company has a way to buy direct online now.(including Fidelity.)

If you're big pimpin, having a personal broker is the way to go.
If you're a little fish, like most of us, (guessing) then doing your own is MUCH better. The broker won't usually care enough about your 50k, and will eat lots of the profits in commission.

Of course the sad part, I'm in IT, so I know nothing, but I touch servers, so I'm "fund knowledgeable" so it's a ROYAL pita for me to do ANY stock trading. So i gave up.
 
Now is a very good time to buy, for two reasons 1) It will help you financially in the long run and 2) it will help the market recover

I would suggest buying almost anything right now, as long as the compnay is not on the brink of a bankruptcy, because even if a company is bought, or merged, the stockholders will be compensated with an equal value of the new company's stock. If a compnay declares bankruptcy, you might as well take you stocks and wipe your butt with them, because that is all they will be worth...
 
I would buy mutual funds right now.
With each share you get a share in 20-100 companies.
If one falls (who saw ENRON, Wachovia, Sprint, etc. coming) you are protected. the whole market is down and the whole market "will" bounce.
 
good info here. I just opened a Tradeking account. We'll see how it goes. haven't purchased yet, but am tempted...

If I bought GM yesterday and sold today, I would have made 33%...
 
Did minimal searching on here and this thread came up, so I figured I would revive it from 2008 😂.

So I have a 401k through Edward Jones from a previous employer, I do add to it still though. I invested some funds to EJ as it was better than sitting in my bank account doing nothing. Now, I would like to invest in some (more) stocks, but EJ makes it a pain, plus, they charge fees. I have a mutual fund that is making 4.8-5% currently which I can't complain, but wanting to take some of the funds out of it to put in stocks.

I have read about 'free' apps and such that allow online trading, but I'd rather have first hand experience than going off what some online reviewer says.

EJ charged about $100 to buy $5k in stock, and I think there is a fee to sell it as well.

I already have some Nvidia stock, but looking to buy maybe Wolfspeed, maybe Marvell.
 
I second Ron's 2008 comment for buying Mutual Funds.

I've fooled around a bit and made some money off single stocks, (looking at you Tesla), but for the 'buy it and forget it' funds... Mutual Funds are where it's at.

But I'm by no means an expert. I just like money.
 
Atla said:
I second Ron's 2008 comment for buying Mutual Funds.

I've fooled around a bit and made some money off single stocks, (looking at you Tesla), but for the 'buy it and forget it' funds... Mutual Funds are where it's at.

But I'm by no means an expert. I just like money.
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And I agree, the vast majority I have will remain in the mutual fund as I cannot complain with the 4.8+% it makes.
 
Tacoma747 said:
And I agree, the vast majority I have will remain in the mutual fund as I cannot complain with the 4.8+% it makes.
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Note... the NASDAQ rose by 28%, the S&P was 24% in 2024 alone. Mutuals will never be that high, I'm guessing you're reporting a long term average that includes a lot of down years too... but you might want to compare your rate of return to other funds.
You can even get high yeild savings right now at 5%. They of course have higher tax costs.
It's been a pretty wild ride lately. Wish I'd jumped in a lot more in 2022, but at least the kids' college funds are doing well. They are like 14% or something for the year.
 
Tacoma747 said:
EJ charged about $100 to buy $5k in stock,
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:eek::eek::eek:

I have accounts with ETrade, Vanguard, Interactive brokers, Morgan Stanley, and Schwab. I think the fees range from .20 to $0.50 a trade plus a percentage. The total never ends up being more than a few bucks. You can do an automatic account transfer from one brokerage to another with no fees. It usually takes about three to four business days. Transfers from your bank account to the brokerage account or vice versa are free. Any trade made during market hours is basically immediate so long at it's done at market price.
 
RatLabGuy said:
Note... the NASDAQ rose by 28%, the S&P was 24% in 2024 alone. Mutuals will never be that high, I'm guessing you're reporting a long term average that includes a lot of down years too... but you might want to compare your rate of return to other funds.
You can even get high yeild savings right now at 5%. They of course have higher tax costs.
It's been a pretty wild ride lately. Wish I'd jumped in a lot more in 2022, but at least the kids' college funds are doing well. They are like 14% or something for the year.
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VTI is 25% ytd….fyi.

I don’t stock much. But what trading I do is with fidelity. The Ira account is free. Most trades I've made cost me less than $3 total.

I can’t say fidelity is the best as it’s the only one I have but it has everything I wanted when I searched for a home to park my 401k rollout
 
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