Sion's How To Invest Thread [Everything you need to invest properly and much more...]

MikeydaGawd

sionb55 wrote: »

skooby2315 wrote: »

sionb55 wrote: »

darkone360 wrote: »

I'm interested in buying Nintendo stock. Is there a certain amount of Nintendo stock you gotta purchase, in order to invest?

Nope as long as you have money you can buy stock in Nintendo. Each share is currently selling for I think $18.34 U.S.

You can buy as much shares in Nintendo as you can afford. The ticker symbol for Nintendo in US Dollars is NTDOY , the ticker symbol for Nintendo in Japanese Yen is 7974 (you only need this if you're trying to buy it in Japanese currency, some people like to diversify but I think it's much better and cheaper to buy it in US Dollars)

And Nintendo is a very good company btw, it's at a very good price too.

Where do you "buy" these stocks?

Fam something that a wise man once told me - there's no such thing as a foolish question if it is enhancing your situation in a positive way.

You buy stocks on the stock market, but to do that you have to have what is called a "brokerage account", a brokerage account is something you can open up at your local bank (just tell them you want to creating a trading account or an account to buy stocks) or you can visit iTrade, E-Trade, Questrade, Charles Schwabb, TD Ameritrade websites and you can create and open an account there yourself. After you create an account you will have to go to a bank and deposit money into the brokerage/stock trading account so that you can buy stocks.

When you buy stocks btw, you are officially considered a shareholder, that means you own a stake in whatever company you buy. And when you're a shareholder, you will get invitations to shareholder meetings and conference calls where you can meet the CEO, and the executives managing the company you bought stocks in and they will explain to you how the progress of the business is doing and what goals they have for the company and shareholders.

Thanks a lot man. and is there an age limit on to buy stocks?

Sion

skooby2315 wrote: »

sionb55 wrote: »

skooby2315 wrote: »

sionb55 wrote: »

darkone360 wrote: »

I'm interested in buying Nintendo stock. Is there a certain amount of Nintendo stock you gotta purchase, in order to invest?

Nope as long as you have money you can buy stock in Nintendo. Each share is currently selling for I think $18.34 U.S.

You can buy as much shares in Nintendo as you can afford. The ticker symbol for Nintendo in US Dollars is NTDOY , the ticker symbol for Nintendo in Japanese Yen is 7974 (you only need this if you're trying to buy it in Japanese currency, some people like to diversify but I think it's much better and cheaper to buy it in US Dollars)

And Nintendo is a very good company btw, it's at a very good price too.

Where do you "buy" these stocks?

Fam something that a wise man once told me - there's no such thing as a foolish question if it is enhancing your situation in a positive way.

You buy stocks on the stock market, but to do that you have to have what is called a "brokerage account", a brokerage account is something you can open up at your local bank (just tell them you want to creating a trading account or an account to buy stocks) or you can visit iTrade, E-Trade, Questrade, Charles Schwabb, TD Ameritrade websites and you can create and open an account there yourself. After you create an account you will have to go to a bank and deposit money into the brokerage/stock trading account so that you can buy stocks.

When you buy stocks btw, you are officially considered a shareholder, that means you own a stake in whatever company you buy. And when you're a shareholder, you will get invitations to shareholder meetings and conference calls where you can meet the CEO, and the executives managing the company you bought stocks in and they will explain to you how the progress of the business is doing and what goals they have for the company and shareholders.

Thanks a lot man. and is there an age limit on to buy stocks?

Nope, but I think in some states if you're under the age of 12 they won't let you LOLOL.

MikeydaGawd

sionb55 wrote: »

skooby2315 wrote: »

sionb55 wrote: »

skooby2315 wrote: »

sionb55 wrote: »

darkone360 wrote: »

I'm interested in buying Nintendo stock. Is there a certain amount of Nintendo stock you gotta purchase, in order to invest?

Nope as long as you have money you can buy stock in Nintendo. Each share is currently selling for I think $18.34 U.S.

You can buy as much shares in Nintendo as you can afford. The ticker symbol for Nintendo in US Dollars is NTDOY , the ticker symbol for Nintendo in Japanese Yen is 7974 (you only need this if you're trying to buy it in Japanese currency, some people like to diversify but I think it's much better and cheaper to buy it in US Dollars)

And Nintendo is a very good company btw, it's at a very good price too.

Where do you "buy" these stocks?

Fam something that a wise man once told me - there's no such thing as a foolish question if it is enhancing your situation in a positive way.

You buy stocks on the stock market, but to do that you have to have what is called a "brokerage account", a brokerage account is something you can open up at your local bank (just tell them you want to creating a trading account or an account to buy stocks) or you can visit iTrade, E-Trade, Questrade, Charles Schwabb, TD Ameritrade websites and you can create and open an account there yourself. After you create an account you will have to go to a bank and deposit money into the brokerage/stock trading account so that you can buy stocks.

When you buy stocks btw, you are officially considered a shareholder, that means you own a stake in whatever company you buy. And when you're a shareholder, you will get invitations to shareholder meetings and conference calls where you can meet the CEO, and the executives managing the company you bought stocks in and they will explain to you how the progress of the business is doing and what goals they have for the company and shareholders.

Thanks a lot man. and is there an age limit on to buy stocks?

Nope, but I think in some states if you're under the age of 12 they won't let you LOLOL.

lol alright thanks again

Sion

darkone360 wrote: »

So Sion, is it better to open an account wit my bank, Fedelity, or a company like E-Trade, Questrade, and etc?

It depends on the cost of commission per trade. A lot of people like to use their bank because most banks will insure your investment up to $1,000,000 and have ridiculously secured mainframes and infrastructure in case you are ever hacked, or robbed or something.

But companies like Questrade will charge you $4.95 each time in commission fees everytim e you buy or sell a stock (I think it might be 1 cent now tho). Some places like E Trade will charge you like $19 to place a trade if you have less than 50k in an account. Questrade is better IMO tho because regardless of how much money you have in one of their accounts they will always charge $4.95 which I think is among the lowest in the industry.

darkone360

Oh wow. So pretty much my bank and Questrade are the better options then. Definitely will look into it.

Ok so given your expertise, how many shares of Nintendo stocks would u recommend me purchasing?

Sion

darkone360 wrote: »

Oh wow. So pretty much my bank and Questrade are the better options then. Definitely will look into it.

Ok so given your expertise, how many shares of Nintendo stocks would u recommend me purchasing?

Depends on what stocks or other investments you have in your 401k and what your tempermant or goals are for your portfolio.

If you can afford to pump $700-$1000 in Nintendo I would recommend that amount. Or I'd say invest $700 as a starting point and hold maybe $300 in case the price falls so that you can buy more and lower your cost average. I'd also tell you NOT to sell no matter what (or until you've made at least 20% gain on your investment).

darkone360

Now when you say "hold $300", what exactly do you mean?

pralims

Sion b bout his shit...hes a good dude an smart when it comes to stocks

Sion

darkone360 wrote: »

Now when you say "hold $300", what exactly do you mean?

If you have $1000 , I mean for you to take $700 and buy shares and keep an additional $300 (or more) in cash.

Sion

pralims wrote: »

Sion b bout his shit...hes a good dude an smart when it comes to stocks

Thank you fam, I love investing, I love it to death. Yo if next year I'm not as busy I hope to go to Omaha for the Berkshire Hathaway annual shareholder meeting, I just want to shake hands with Warren Buffett, I'll definitely post pics of the whole event.

darkone360

Ok gotcha! Damn bruh. I should've gone to you about this kind of thing. Props

Sion

darkone360 wrote: »

Now when you say "hold $300", what exactly do you mean?

I'd recommend you buy the following stocks:

Nintendo (NTDOY)
Bank of America OR Wells Fargo & Co. (BAC and if you're going to buy Wells Fargo WFC)
Fairfax Financial Holdings Limited (FFH)
New York Community Bancorp (NYB)
Research In Motion (RIM)


Say you had $5000 , I'd recommend you buy the stocks I listed and the percentage should look like this:

40% in Bank of America or Wells Fargo (you buy both but honestly you really only need 1 LOLOL)
10% in Nintendo
15% in Fairfax Financial
20% in New York Community Bancorp OR RIM (or 10% in NYB & 10% in RIM)

Keep remaining 15% in cash in case your stocks fall in price so that you can buy up more.


If any other bargains pop up I'll most them up. If you were into international investing and buying stocks in the Euro there are GEMS out there that are selling at wonderful prices like Volkswagen.

traestar

As soon as I get those funds, my money is going directly to Sequoia Funds!

Sion

traestar wrote: »

As soon as I get those funds, my money is going directly to Sequoia Funds!

Yoooo thanks fam !

Actually, @darkone360 & @skooby2315 Sequoia is a company I recommended sometime last year. I would suggest instead you buy into that company:

http://www.sequoiafund.com/how-to-invest-redeem.htm

They're a mutual fund but they are run by some of the last disciples of Benjamin Graham (Warren Buffett's teacher). They have had a track record that is impressive in The Intelligent Investor by Ben Graham, Warren Buffett has an essay at the back of the book & in it he mentions their returns:

http://en.wikipedia.org/wiki/The_Superinvestors_of_Graham-and-Doddsville

In a 14 year period (1970 to 1984) the Sequoia Fund has consistently BESTED the market netting an average return of 18%. The book doesn't mention the years from 1984 to today in which they STILL managed to BEST the market.

http://www.sequoiafund.com/fp-investment-return-table.htm

^^^^

In this link you can see their returns from 1970 (their inception) to 2012.

Buy into the Sequoia Fund !


Other companies like Sequoia that you can buy shares is are:

Fairfax Financial Holdings Limited
Berkshire Hathaway
Leucadia National
Or an index fund that tracks the S&P 500

traestar

thats why I mentioned Sequoia, you did recommend that and I do agree that is a great buy because you are already getting Fairfax and Berkshire with that plus some other high level stocks.

http://quote.morningstar.com/fund/f.aspx?Country=USA&pgid=hetopquote&Symbol=SEQUX

darkone360

Damn that's what's up. See that's my goal. I wanna invest into something I know I can get a good return on

Sion

darkone360 wrote: »

Damn that's what's up. See that's my goal. I wanna invest into something I know I can get a good return on

In that case invest in the Sequoia Fund. I can guarantee you will make a good amount of money if you invest in it and hold on to it for the long term fam. You won't even need to pick stocks, the managers of Sequoia do that for you and they are the best of the best.

darkone360

Now long is "long term"? When will you start to see some kinda return?

Sion

darkone360 wrote: »

Now long is "long term"? When will you start to see some kinda return?

LOLOL it depends I've seen returns come as fast as a day others a week sometimes much longer. The longer you hold on to something in this game the MORE money you're going to make because it's going to accumulate. With the Sequoia Fund, you have the choice to buy and sell but understand a key component of investing - if you're not looking to hold on to stocks for a long period of time I can guarantee that you will have bad returns. By long term I mean in excess of 5 years.

Remember that when you sell tho, you have to be conscious of commission costs, TAXES and any other costs that may be affiliated (if we're talking certain types of mutual funds or stuff).

Think of it like stacking money - if you making a lot of it and you're constantly buying new shit you're going to have less and the person on the other end is going to have more ESPECIALLY if what you're selling produces something. A farmer doesn't grow crops and sell them RIGHT away he grows a potato and when it begins to grow eyes (the weird spuds that grow on potatoes) he plants them and lets that potato grow more and when he has enuff and its producing enough to where he can afford to buy leisurely items while not affecting his principal THEN he decides if he wants to sell.

darkone360

Bruh, I swear you just dropped some serious knowledge. You need write some kinda IC Stock guide book lol.

I need to look at my bank and Questrade, and see which of the 2 I wanna open my account.

darkone360

Another quick question. Do you think now is a good time to buy stock in yahoo?

I've read that one of the original creators stepped down b/c of conflict wit the board of directors. It's rumored that the board wanted to sell the company. I think it was Apple, but I'm not sure. Anyway the deal fell thru, and the board blamed him.

B/c of that, the share price yahoo stock is down. So wit the board eager to sell the company, do you think now is a good time to buy shares, in hope that the company gets sold?

black caesar

sionb55 wrote: »

DaFifthElement wrote: »

Sion what you think about Ford Stock?

@DaFifthElement
Oh shnap my bad fam I didn't see your post.....


I wouldn't touch Ford with a 10 foot pole LOLOL. It's a brand name true and it will reap the benefits off the recovery but its never been an outstanding company. I think the price is too wild and the company is not even mediocre.

If your looking for a good car company to invest in I'd buy stock in Volkswagen. Volkswagen is the best run automobile company in the world and has been like that for a very long time & I believe they will continue to do so. Keep in mind Volkswagen also owns Porsche, BMW, Lamborgini, Rolls Royce (they have a stake in them), Bugatti, and many other brands. Leave Ford alone and take Volkswagen. Ford might do well in the short term but I know they will lack in the long term. Volkswagen is the better company and it's just getting started. Volkswagens brands are wanted all over the world, Ford not so much outside America.

Volkswagen is selling at a historic low & despite whats been happening in Europe it has been churning out record profits. It sells for a decent price and is extremely strong financially and has global reach in markets like China, Europe and the United States.

Buy stock in Volkswagen.

Good looking out on the advice.

black caesar

sionb55 wrote: »

darkone360 wrote: »

So Sion, is it better to open an account wit my bank, Fedelity, or a company like E-Trade, Questrade, and etc?

It depends on the cost of commission per trade. A lot of people like to use their bank because most banks will insure your investment up to $1,000,000 and have ridiculously secured mainframes and infrastructure in case you are ever hacked, or robbed or something.

But companies like Questrade will charge you $4.95 each time in commission fees everytim e you buy or sell a stock (I think it might be 1 cent now tho). Some places like E Trade will charge you like $19 to place a trade if you have less than 50k in an account. Questrade is better IMO tho because regardless of how much money you have in one of their accounts they will always charge $4.95 which I think is among the lowest in the industry.

Don't forget to mention that there is a difference between regular brokerage and discount brokerage. If someone is new to the gane, they should hire a full time brokerage, but if they have knowledge and want to keep track of things themselves, the can go to a discount brokerage like Charles Schawb.

black caesar

Sion, how do you invest into sport teams? What are their ticker symbols?

killap

Appreciate it Sion...I still have to max out my Roth this week for 2011 then I will max out for 2012 next week or so. I read up on PBR after you mentioned it, I really like what I see. Rimm and BAC those are my strongholds, definitely plan on buying more