investment advice

[Habu]

Originally posted by Ripsnort
Thanks.  My intuition suspects volitility in small caps in near future.  I think its time for a transfer, get out while the getting is good.

I have never been afraid to take a profit. Once you have made 25% or 30% take some money off the table, even if you think there is more upside.

Read thestreet.com though. I have always found that site to have excellent advice. I subscribe to the premimum services but they post almost all the same stuff on the free areas.

[miko2d]

Habu: Miko a guy with 2000 should not buy bullion. If you want to bet on gold buy an unhedged gold producer.

 Who said anything about betting on gold? I was not talking about investemnt for profit but about investment for insurance.

 In emergency situations shares in your name or other investments but portable unregistered gold coins would likely do you no good whatsoever or will be promptly confiscated by the government.


Ripsnort: Gold investment will not make you rich...

 But nobody ever went broke buying gold.

but its good for a diversified portfolio if you keep 5% to 10% of your portfolio — at most — in gold and rebalancing your portfolio regularly

 That's what I am saying - except I am advising to get that 5%-10% first and then amass the remaining 95%-90%.

[Habu]

Update.

Since my last post I have sold off JDS Uniphase, Dish Network, AES, CNXT and took some profits in PD.

I have added Ingersol Rand, Dupont, DYN, Northern Telecom and El Paso energy. (Don't really know about EP as it has a pretty dodgy past, I may dump it). The portfolio is up about 11% from Jan 1.
 
USB
CVX
AA
PD
TYC
EMC
CHTR
EP
NT
DYN
DD
IR

[Ripsnort]

Originally posted by Habu
Update.

Since my last post I have sold off JDS Uniphase, Dish Network, AES, CNXT and took some profits in PD.

I have added Ingersol Rand, Dupont, DYN, Northern Telecom and El Paso energy. (Don't really know about EP as it has a pretty dodgy past, I may dump it). The portfolio is up about 11% from Jan 1.
 
USB
CVX
AA
PD
TYC
EMC
CHTR
EP
NT
DYN
DD
IR

You're doing better than I these first two months-- 8% gain.

[Habu]

The market has been good so far this year. There is a rotation from high tech to industrials and raw material producers. They did not have the gains the techs did and now profits are being taken in the tech side and put into the "undervalued" areas of the market.

I was at about 8% gain at the start of the week but things kind of exploded as the week went on. Had two big days on Thursday and Friday.

[Sixpence]

Don't listen to them, go to the track, put it on 100-1.

[Ripper29]

If you had bought $1000.00 worth of Nortel stock one year ago, it would now be worth $49.00.

With Enron, you would have $16.50 left.

With Worldcom, you would have less than $5.00 left.

If you had bought $1,000.00 worth of Budweiser (the beer, not the stock) one year ago, drank all the beer, then turned in the cans for the 10 cent deposit, you would have $214.00.

Based on the above, my current investment advice is to drink heavily and recycle.

[Habu]

Originally posted by Ripper29
If you had bought $1000.00 worth of Nortel stock one year ago, it would now be worth $49.00.
 

Lets see. Nortel was about .70 Canadian in Sept 02, now it is 10.70. So 10,000 would have bought you $15,000 Canadian dollars which would have bought you 21,500 shares give or take.

Today you would get 230,000 CDN or about 170,000 usd.

Not bad for a 1.5 year investment. Of course you spent the money on beer.

[Ripper29]

Originally posted by Habu
Lets see. Nortel was about .70 Canadian in Sept 02, now it is 10.70. So 10,000 would have bought you $15,000 Canadian dollars which would have bought you 21,500 shares give or take.

Today you would get 230,000 CDN or about 170,000 usd.

Not bad for a 1.5 year investment. Of course you spent the money on beer.

Well it was meant as a joke, you know humor.  Please accept this most heartfelt apology.

But your right in October 2002 it was worth 69 cents, less then 1% of what it was worth in July 2000 whn it was worth $124.50.  

I prefer the beer...  

[Nilsen]

Porn is always a good investment...janet jackson is not

[sling322]

Krusher...I noticed that you live in the Dallas area.  Check out CompassBank, they have a new online investment thing going.  Its pretty cheap and it lets you do real time trades or you can set it up to invest a set amount each week or month or whatever.  Its really flexible.

http://www.compassweb.com and check out the ShareBuilder link.

[Krusher]

Last year I put 2k into stocks and added another 2k as the year progressed.  I plan on adding 2 or 3 k this year and may put some into an IRA.  My strategy was to (overall) buy and hold stocks that paid good dividends. My results were not to bad averaging about a 19 percent return.

Banking
NCC - even money (good dividend)
HIB - even money (nice dividend)
Oil and gas
PGH - went up 8 dollars (very nice dividend)
XOM - went up 4 dollars (good dividend)
gold
CEF - dropped 75 cents
Mutual fund
DNP - even money (very nice dividend)
Tech
IDWK.OB - went up 5 dollars - This one was kind of speculative
 

Anyhow thanks for the advice guys.  If you have any new tips I would appreciate the advice

[Dago]

Invest in lottery tickets!



dago:rofl

[Curval]

Hindsight is 20/20 but you would have done quite well by simply purchasing Euro dollars or Sterling given the tumble the US $ has taken.

[Dago]

Originally posted by Curval
Hindsight is 20/20 but you would have done quite well by simply purchasing Euro dollars or Sterling given the tumble the US $ has taken.

This is both a useless comment, "what you should have done" and just a slightly veiled shot demonstrating the enjoyment you get out of something  negative about the US economy .

dago