G.M. Stocks

[turboc87gn]

Im wondering when they will start selling stock to the public again and how much it will start out at? I wanna buy some ...

If i had had the $$ to buy ford 2 years ago id be sittin pretty right about now..Anyone else thinkin about buyin any? Or have any experience buyin /sellin stocks? How much are the fees etc? are there taxes ? If you bought say $5,000-$10,000 worth or ford 2 years ago when it was like $1.20 a share youd have $50,000-$100,000 now that its $13 a share and going up...correct?

It appears that the opportunity is again on the horizon with GM and it wouldnt be bad idea...:biggrin:

 

[turboc87gn]

bump....

 

[salvageV6]

Fees are low about $15 max. per trade or less from an online broker.

Don't wait for GM buy a real stock now, Apple.

The Chinese are buying iphones like crazy.

Taxes are 28% short term held under 1 year, I believe, long term the rate is lower 20% I think.

 

[LOT]

fees

Fees are low about $15 max. per trade or less from an online broker.

Don't wait for GM buy a real stock now, Apple.

The Chinese are buying iphones like crazy.

Taxes are 28% short term held under 1 year, I believe, long term the rate is lower 20% I think.

Ameritrade fees are $9.99 per trade --any amount of share. Mutual funds are $50 per trade. I bought AAPL a while back. It has had a great run in the last few months--if you buy AAPL you might think about putting a STOP LIMIT sale @ 10 percent below purchase price. My wife and I were talking about buying more if it has a pull back. I also bought F and GM around $1.00 Of course I lost on GM but F has more than made up for it. IMO F is topped untill next earning report. IPOs are risky. The big player get IPO at a better price than us. Typically IPO open @ a certain price then have a pull back. Then they can go up or NOT!!! It is VERY hard for the individual to win in the market. Best of luck.

 

[ZNix]

You could potentialy have double that amount! It all depends if the stock built up enough to split .. Then you would have 10-20k worth, or 100,000 - 200,000 at 13.00/ piece. When they split stocks, I am pretty sure you get double what you had before? I am 85% sure? Anyone else want to chime?

 

[klrv6]

Split cut by the ratio of split, just as the rumored reverse split of siri would keep them from being delisted by forcing the price above $1. I had some appl but sold it before people cashed in their 401ks last year. Made a few dollars but not many. That money has made over 80% since I got out of apple...can't really complain.

 

[slow305]

The biggest thing I'm kicking myself for is not buying Citigroup (C) when it dipped down to 99 cents a share at the beginning of March 2009. Less than six months later it more than tripled. It's up four fold right now. I could have payed off my house!

 

[Guess]

You could potentialy have double that amount! It all depends if the stock built up enough to split .. Then you would have 10-20k worth, or 100,000 - 200,000 at 13.00/ piece. When they split stocks, I am pretty sure you get double what you had before? I am 85% sure? Anyone else want to chime?

If you have 2,000 shares of a stock listed at $10, and it went through a 1 to 2 split, you would have 4,000 shares valued at $5.00. You don't get 4,000 shares valued at $10. Vice versa, stocks can reverse split. A 2 to 1 reverse split will exchange your 2,000 shares worth $10 for 1,000 shares worth $20/share.

I have a stock that went through a 5 to 1 split. Instead of 100 shares, now I have 5. :biggrin: I only dabble in a few stocks right now.

I took a gamble that Sirius wouldn't go bankrupt and bought 2,900 shares of when it hit 10 cents a share (it went as low as 5 or 6 cents briefly). Now my 2,900 10 cent shares are worth about $1.10/share today. My $290 bucks went to $3,190. However, I had bought a couple hundred shares when it was still in the $2-$3 range. So my cost average is around 3,100 shares at .26 cents a share with fees.

I've also lost thousands of dollars on stock.

I would recommend you find a free portfolio tracking software and spend a theoretical $10,000 picking some different stocks and tracking them. You can learn the mechanics and how news and company performance influences the stock.

I think Ameritrade requires $100 bucks to open an account. You can also set up automatic bank debits monthly that goes into your Ameritrade account so you can build up money to buy stocks with.

 

[bison]

Im wondering when they will start selling stock to the public again and how much it will start out at? I wanna buy some ...

If i had had the $$ to buy ford 2 years ago id be sittin pretty right about now..Anyone else thinkin about buyin any? Or have any experience buyin /sellin stocks? How much are the fees etc? are there taxes ? If you bought say $5,000-$10,000 worth or ford 2 years ago when it was like $1.20 a share youd have $50,000-$100,000 now that its $13 a share and going up...correct?

It appears that the opportunity is again on the horizon with GM and it wouldnt be bad idea...:biggrin:

My advise is that if you dont know much about stocks, about following them on a weekly basis minimum, or dont know about having a balanced portfolio you should stick to mutual funds. Having all your $ in one sector is financial suicide. Your calcs concerning the Ford stock are correct but its not even close to a reality for 99.9% of the population. Probably less than one in a thousand has $10k to risk on anything let alone a single stock. I hear so much crap about coulda, woulda, shoulda with all these self proclaimed experts it makes me laugh. The problem i always had on any of my investments was figuring out the precise time roll them over or sell them for max profit. Im good at picking them but never know exactly when to sell. There is a window.

 

[bison]

The biggest thing I'm kicking myself for is not buying Citigroup (C) when it dipped down to 99 cents a share at the beginning of March 2009. Less than six months later it more than tripled. It's up four fold right now. I could have payed off my house!

What if citigroup went to zero? What did you buy instead of citigroup? How much did you owe on your house?

 

[bison]

Ameritrade fees are $9.99 per trade --any amount of share. Mutual funds are $50 per trade. I bought AAPL a while back. It has had a great run in the last few months--if you buy AAPL you might think about putting a STOP LIMIT sale @ 10 percent below purchase price. My wife and I were talking about buying more if it has a pull back. I also bought F and GM around $1.00 Of course I lost on GM but F has more than made up for it. IMO F is topped untill next earning report. IPOs are risky. The big player get IPO at a better price than us. Typically IPO open @ a certain price then have a pull back. Then they can go up or NOT!!! It is VERY hard for the individual to win in the market. Best of luck.

I dont agree that stop limit selling is a good thing either. If you are buying stocks you should be monitoring them almost daily and should be able to pull the plug if need be. Stop limits only guarantee you will lose that % if your stock hits the stop limit. If you arent watching closely and dont have a point at which you will sell your stock when it gains a lot then you probably shouldnt be buying stocks since you will hit your stop limits more often than you will sell you better performing stocks for a profit. Your second to last sentence says it all.

 

[Pronto]

The biggest thing I'm kicking myself for is not buying Citigroup (C) when it dipped down to 99 cents a share at the beginning of March 2009. Less than six months later it more than tripled. It's up four fold right now. I could have payed off my house!

I've played it on and off several times this past 16 months always on the upside. It would have never gone to 0.

 

[slow305]

I play the stock market for a living at the moment. But I have gotten discouraged because of the losses during the forth quarter of 2009.

What if citigroup went to zero? What did you buy instead of citigroup? How much did you owe on your house?

It wasn't a question of going to zero. It was a question of when to buy. I thought it was going lower.

I dont agree that stop limit selling is a good thing either. If you are buying stocks you should be monitoring them almost daily and should be able to pull the plug if need be. Stop limits only guarantee you will lose that % if your stock hits the stop limit.

I feel the same way. I've seen this happen many times. You need to be ON TOP of your finances to make money.

I've played it on and off several times this past 16 months always on the upside. It would have never gone to 0.

That proves my point but makes me sad. You called it better than me, but I'm still in financial's. WFC FTW!

 

[HotAirGN]

Stocks have treated me well this past year, made 57% on FRE, 54% on DXO, 120% on C, 84% on LCC, and 110% on PMI, My only loss so far was with BAC, bought at 4.25 and sold @ 3.90. Now its $18.00, so stupid.

My thing is I cashed in but sold too early on most. I held FRE @ .67 for 8 months before it went back in the green and I sold. You only lose money when you decide to sell at a loss. My currents are 2 in the green and 1 in the red so we will see how Obamination takes care of my finances.

 

[Pronto]

I set small goals and don't worry about the big kill. Profit is profit.