Board, Anybody day Trade Penny Stocks?

[Phoff]

Were in a down cycle. 1966 to 1982 the market went nowhere. 1983 to 2000 was great. 2000 to 2017 almost nowhere. 2017 to 2034 boomtimes. If you were buying in March of 2009 your really ahead of the game.

DONT LET POLITICS CLOUD YOUR INVESTING DECISIONS.

Pete

 

[JP112_89]

I have around 10 or so rentals and in this economy they have become a pain.
Again locations other then mine may be better. Still the tax implications are handy and long term equity.

It's all about profit's right? Nothing is easy... You picked them just like you would pickup stocks.

Atleast you get to SEE what you own, using deductions and generating income... I don't like seeing a piece of PAPER quarterly stated I have X amount of shares of X mount of stock.

I always tell people to pay their house of first. Mine is paid for when I was 37 years old. Bi-monthly payment's... I swear the grass felt different walking on it after the last payment.lol Now I don't have any bills and we can live off my wifey income and bank mine.

Oh, of course you never feel like you own anything here in NY because of the high taxes.

Joe

 

[87chrisss]

At what age did you guy's buy? Im 25 will be 26 this year. Got a good job, but i pay high rent got a 2 yr old and another on the way, Its not easy but i have managed to save some $$.

 

[Pronto]

Bought Westport today going for Clean Energy tomorrow if I can catch a dip. Future for LNG trucking is going to be strong. Cheaper and cleaner than diesle and made in US.

 

[JP112_89]

Were in a down cycle. 1966 to 1982 the market went nowhere. 1983 to 2000 was great. 2000 to 2017 almost nowhere. 2017 to 2034 boomtimes. If you were buying in March of 2009 your really ahead of the game.

DONT LET POLITICS CLOUD YOUR INVESTING DECISIONS.

Pete

I call BS Pete. You gear your portfolio to whom has the lead in the White House.

Dem's: Healthcare/Energy

Rep: National Defense/Big Banks/Insurance Companies

Joe

 

[TexasT]

At what age did you guy's buy? Im 25 will be 26 this year. Got a good job, but i pay high rent got a 2 yr old and another on the way, Its not easy but i have managed to save some $$.

I was 26 when we bought our first home, this was a HUD home we lived in and fixed up and turned into our first lease property. It has long since been sold and reinvested. Never to early too start.
Pick up a copy of rich dad, poor dad by Robert kyosaki. Lots of good info.

I wouldn't start with anything you can't pay for if it goes unrented a month or two.

The stock market is no place for the uninitiated.

Cashflow is king! Having money coming in very regular is way better than a lump sum once. Trying to protect your lump sum is much more difficult than getting paid every month. And that which is paying is insured against loss. Tax advantages are rediculous, so get you a good CPA to make sure you are maximizing.

 

[87chrisss]

I was 26 when we bought our first home, this was a HUD home we lived in and fixed up and turned into our first lease property. It has long since been sold and reinvested. Never to early too start.
Pick up a copy of rich dad, poor dad by Robert kyosaki. Lots of good info.

I wouldn't start with anything you can't pay for if it goes unrented a month or two.

The stock market is no place for the uninitiated.

Cashflow is king! Having money coming in very regular is way better than a lump sum once. Trying to protect your lump sum is much more difficult than getting paid every month. And that which is paying is insured against loss. Tax advantages are rediculous, so get you a good CPA to make sure you are maximizing.

Well, thats what the bank said i didnt make enough money based on there calculations/cost of living and since i was under 25 this i fell under a higher risk of lending?! Oh and i also had a loan at the moment for about 7k on a jetski.. That also didnt help.

 

[Phoff]

I call BS Pete. You gear your portfolio to whom has the lead in the White House.

Dem's: Healthcare/Energy

Rep: National Defense/Big Banks/Insurance Companies

Joe

JPM was around $21 in Feb/March of 2009 and it closed today at $51. That's a pretty good run under the Dems.

 

[JP112_89]

JP Morgan is among the top in its class.


Back to black was a good book.


Joe

 

[TexasT]

Well, thats what the bank said i didnt make enough money based on there calculations/cost of living and since i was under 25 this i fell under a higher risk of lending?! Oh and i also had a loan at the moment for about 7k on a jetski.. That also didnt help.

If you really think you are ready to own a home, find a mortgage company you are comfortable with. I've never borrowed from a bank directly for a property loan. Get them to give you a plan if they won't preapprove you. Then you can complete their plan and get preapproved. Then you can find a property.
Sell the jetski, just something dragging you down. Toys like that need to be paid for in cash. If you need to borrow you don't need it.
Cash is king. If you can't afford to loose on the money, you don't need to be "investing" it.

 

[rmar]

87chriss if you are going to try to buy know is the time, money is as cheap as it is going to get.even long term money is reasonable at the moment. Definitely worth getting rid of extras to lock in a great rate.

What I would like to see is a collective effort from us to find some potentially profitable cheaper stocks.
Not the portfolio packing retirement fund. I mean those recommendations would be great. But those with historical swings and long shots that are cheap enough, early enough to generate some profit on a short sell. Basically a Lil educational gambling...
It would be up to each individual to follow after there own research.

 

[GNRick]

I don't know about Miami but Fla. in general is cheap for houses. Just plan on staying in it for at least 6 years or you will lose when you sell. You can also watch Cramer on CNBC for stock tips. Penny stocks now are considered to be up to $5 per share, not under a dollar like years ago. I read that if Apple were in the DOW it (the DOW) would be quite a bit lower today, not at an all time high. I use Scott Trade. They have local offices, not just internet based.

 

[87chrisss]

TTT my buddy made some big bucks, he bought some American Airlines stock while they were bankrupt for close to nothing, under 30 cents. He showed me the current share price about $8 on Thursday!

 

[TexasT]

Well, thats what the bank said i didnt make enough money based on there calculations/cost of living and since i was under 25 this i fell under a higher risk of lending?! Oh and i also had a loan at the moment for about 7k on a jetski.. That also didnt help.

Did you make any progress on finding a lender?
We have always done well with foreclosures. There will be another big round of them with this New healthcare and its additional expense. People will have to make cuts and owning a home might be one.
These usually require some elbow grease but I tend to do them myself over a period of time while we live in them. Then you have a good rental or can sell and take the profit. I got turned on to a program where you owner finance with money down and then the buyer gets to fix the HVAC and unclog their own toilets. Then when they quit paying, or move, you spruce it up again and "sell" it to the next buyer with another down payment of cash.
Seems to work well for the guy who told me his plan.
I have been watching solar energy companies and water treatment places.
Also the natural gas transport companies and a place that extracts helium. You know we are having a helium shortage. Haven't pulled the trigger on anything lately.
My last big one was lucent bought in around a dollar. Now it is significantly more. They make software and sell it in China according to them.
Just have to buy what you know. Or learn so you can make intelligent decisions. There is a reason they call him a broker. He will make you that way if you let him.

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