Equity!

CC1GC · #1 10-09-2003, 06:11 PM

Hey folks, i've started a thread for us market watchers. Here we can list which stocks to watch and your own all-star.

To Buy: Nortel. Nortel is currently over-valued now, trading around the low 4.40s i'm watching the stock to fall when it's earnings are released. If it falls to 4$ canadian - now it's about 5.70, i'm buying.

My superstar: Bom, class B shares. I bought 300 @ 3.35 ($CAN) on the day that the major restructuring was announced. Today they closed at 6.17 ($CAN).

P.S. Here you go rudey, take this bull by the horns.

Rudey · #2 10-09-2003, 11:10 PM

Quote:

Originally posted by CC1GC
Hey folks, i've started a thread for us market watchers. Here we can list which stocks to watch and your own all-star.

To Buy: Nortel. Nortel is currently over-valued now, trading around the low 4.40s i'm watching the stock to fall when it's earnings are released. If it falls to 4$ canadian - now it's about 5.70, i'm buying.

My superstar: Bom, class B shares. I bought 300 @ 3.35 ($CAN) on the day that the major restructuring was announced. Today they closed at 6.17 ($CAN).

P.S. Here you go rudey, take this bull by the horns.

Why don't you short nortel or buy an option on it if you believe so strongly in it?

To tell you the truth I've put most of my money into bonds. I lost a bit in speculatives in south america but i cushioned it slightly. I'm actually thinking of New Zealand right now but that's based on something my friend said when he was drunk so I don't know how much i want to touch that.

As for straight stock, I'd buy a put option on Yahoo just because I think it's overvalued. Most of its income is from advertising, which isn't too great, and on top of that it's losing market share to google and MS should give both a run for their money. So I have no idea why it's a strong buy rating. But there are some idiot analysts telling everyone to do so.

I think I like PTR.N though. It's getting more hype than it should because of a certain famous investor but I think it's a good buy.

-Rudey
--I don't touch this sector at work though because i deal mainly in bonds but maybe it'll be worth something.

CC1GC · #3 10-10-2003, 08:15 AM

Quote:

Originally posted by Rudey
Why don't you short nortel or buy an option on it if you believe so strongly in it?

Because i'm talking about a personal investment account through my bank that doesn't give me these tools that a brokerage firm would. Also, i'm looking for the pullback of the stock because it's been rising too sharply, i still think Nortel will be valuable and want to hold onto the stock but buy it at the ideal time.

Buy on bad news right or a good rumour

Care to fill us in on PTR.N?

Rudey · #4 01-29-2004, 02:24 PM

Hey I haven't touched this. Nick why haven't you switched over to a different brokerage to do your trades?

I'm thinking about doing it with Brown and Co. Know anyone that plays through them? I can't seem to find consistent ranking of brokerages without spending lots of time. I was with TD Waterhouse before.

I'm also looking to spread out and take on risk through distressed and emerging market funds. I don't know how I feel about this. I feel as if I can't take the high risk stuff on my own - specially if I have no idea what the hell is happening locally in India and how I'd move my position to respond.

As for picks, I've seriously started following fool.com's picks. I really liked Netflix before and they chose it as a good pick.

-Rudey
--Anyone else play the game?

CC1GC · #5 01-29-2004, 02:40 PM

I checked out BrownCo and it seems their commissions are among (if not the best) the lowest in the industry. I think they have a few clauses, one requiring a certain number of years in the industry that i didn't have (5 min.? maybe 10?). I think to open an account investors require a min. of 10K u.s. This would keep a lot of smaller investors at bay.

I'm looking at getting an Interactive Brokers account. Overall, i would put them near the best in terms of platform, cost, etc.

P.S. I was eating some crow with those Nortel comments...my buddy with TSX:NT shares is giving me a rough time.

greeklawgirl · #6 01-29-2004, 03:27 PM

Maybe one of you can help me out? I'm a very novice investor, but I think I'd like to get into investing stocks. Where are some good resources for me to research? Any magazines, websites, books that might help me?

I'll let you know a little bit about what I have going right now. I put around 20% of my paycheck into my 401k and 457. I think I'm pretty diversified there--I have small, mid, and large cap funds, an index fund, and bonds. I contribute to a pension fund, which will pay me 100% of my highest salary when I retire at 65. I also own one piece of income property, and I'm hoping to use the equity in that to purchase another piece next year.

I keep those investments to make sure that my family is secure in the future, but I think that the right stocks are a great way to ensure wealth, not just security.

What would you financial gurus suggest?

Rudey · #7 01-29-2004, 03:59 PM

Quote:

Originally posted by greeklawgirl
Maybe one of you can help me out? I'm a very novice investor, but I think I'd like to get into investing stocks. Where are some good resources for me to research? Any magazines, websites, books that might help me?

I'll let you know a little bit about what I have going right now. I put around 20% of my paycheck into my 401k and 457. I think I'm pretty diversified there--I have small, mid, and large cap funds, an index fund, and bonds. I contribute to a pension fund, which will pay me 100% of my highest salary when I retire at 65. I also own one piece of income property, and I'm hoping to use the equity in that to purchase another piece next year.

I keep those investments to make sure that my family is secure in the future, but I think that the right stocks are a great way to ensure wealth, not just security.

What would you financial gurus suggest?

I personally think one of the best services out there is fool.com. I recommend this to everyone - from novice to pro. Peter Lynch's books are really easy reads and once you understand them, I'd move onto something a bit less dumbed down like Picking stocks like warren buffet and if you really are hardcore, buy books like Securities Analysis (this giant bible book).

I can't give you advice on what YOU should do because that's not my job and I am pretty sure I can get in trouble for it. Personally I max the 401K and look to put it into an index fund because close to 90% of mutual funds underperform the index and if you add in a couple percentage points for management fees, you've lost several hundred thousand dollars in a couple decades. I am pursuing a good international/emerging market fund and like an Eaton Vance India fund but I'm unconvinced that the fees are worth it yet. At the same time I'm considering taking part in a smaller hedge fund that doesn't need me to put up a ridiculous amount of money I don't have and won't have for a long time. I'm also less risk averse than most people and kick myself when I didn't go in and lost out on an opportunity as opposed to some people who cry over a dollar.

-Rudey

greeklawgirl · #8 01-29-2004, 04:36 PM

Thanks, Rudey! As far as I can tell, all the mutual funds I invested in equaled or outperformed the market last year, but I know that an index fund is definitely safer over the long term. Reallocating my portions is something to think about.

I'll definitely check out fool.com. I've heard a lot about it, just haven't gotten around to signing up yet. Thanks again.

Rudey · #9 06-02-2004, 04:13 PM

I don't like the market right now. Nothing is cheap and I'm afraid my gains are going to get sliced thin. All my internationals are worrying me more - India took heavy hits. Anyone else?

-Rudey