[Artz 330]

What are some good stocks to get into now-a-days?




~Thanks.

[kobechrome]

nflx

[nabutes]

if you have the cojones...Google...

[deutschmann59]

I bought LOTS of shares of Pacific Fuel Cell (PFCE) when it was at $0.02 a share. I'm holding on to them, although the fuel cell industry doesn't seem to be going anywhere

[sdorn]

There are so many better places to get stock ideas than on a car forum. I am a securities regulator, and I conduct compliance examinations of brokerage firms. You would be surprised how uninformed the public is about investing in stocks, bonds, mutual funds, etc. It is scary.

I would suggest reading Investors Business Daily, Value Line, the Wall Street Journal, and watch Mad Money sometime which comes on CNBC at 6pm, 9pm, and 12am every weekday. Jim Cramer hosts the show, and he seems to be pretty good. He has a couple books that are a good read as well.

Oh, and Google can be fun. I like to trade Google options. Each contract can fluctuate more than $1,000 in a day. It is quite normal for an option contract in GOOG to triple in a week or drop to 1/3 of its previous value just as fast. It is kind of like gambling.

[Artz 330]

Originally Posted by sdorn

There are so many better places to get stock ideas than on a car forum. I am a securities regulator, and I conduct compliance examinations of brokerage firms. You would be surprised how uninformed the public is about investing in stocks, bonds, mutual funds, etc. It is scary.

I would suggest reading Investors Business Daily, Value Line, the Wall Street Journal, and watch Mad Money sometime which comes on CNBC at 6pm, 9pm, and 12am every weekday. Jim Cramer hosts the show, and he seems to be pretty good. He has a couple books that are a good read as well.

Oh, and Google can be fun. I like to trade Google options. Each contract can fluctuate more than $1,000 in a day. It is quite normal for an option contract in GOOG to triple in a week or drop to 1/3 of its previous value just as fast. It is kind of like gambling.

Hey, good advice. Thanks!

[Ed_330i]

i used to this site to figure out the whole stock market thingy.

http://www.investopedia.com/

[RBBMWE46M3]

RESEARCH...RESEARCH...RESEARCH...RESEARCH...RESEAR CH...And then RESEARCH...I don't buy unless I personally know the company...

[Enroutte]

just buy stocks you believe in my parents bought a lot of stuff we own by using their stocks


we did this fake stock project in Econ. we had 10,000$ and i invested in companies i bought stuff from. i made like 5,000$ fake dollars in 2 weeks.

abercrombie, american eagle, google & yahoo.

[eleven24]

Originally Posted by RBBMWE46M3

RESEARCH...RESEARCH...RESEARCH...RESEARCH...RESEAR CH...And then RESEARCH...I don't buy unless I personally know the company...

That is pretty much my advice. Also.. stay away from penny stocks, or be very wary of anything less than $5. If you go into it with the notion you're going to strike it rich and not have to work, you might as well go throw your money out the window. If, however, you buy into solid companies & have a long term goal with reasonable returns then you'll do well

A good book to start out is the "Motley Fool's Investment Guide".

[sdorn]

Originally Posted by sharp1183

Investing in gold might be something worth looking at if you're looking at the long term. Plus, the government can't throw capital gain taxes at you, which is why I like it.

I am pretty sure that you have to pay capital gains taxes on gold if you buy it and then sell it for a profit. If there is some exception for this, please point out the IRS Code Section. I would be interested in reading it. Thanks in advance!

[deutschmann59]

Originally Posted by sdorn

I am pretty sure that you have to pay capital gains taxes on gold if you buy it and then sell it for a profit. If there is some exception for this, please point out the IRS Code Section. I would be interested in reading it. Thanks in advance!

No you're right. After reading this, I did a lot more reading on it. Unfortunately, there is a lot of misleading info on the Interent about buying gold. From what I originally read, many gold dealers considered this more of a private sale for collecting abd you wouldn't be selling to make a profit (more of a collecting aspect rather than an investing aspect).

But this is false. The IRS doesn't care if you're an investor or a collector. If you sell for a profit, you need to report it.

Thanks for bringing this to my attention, and sorry to anyone whom I may have mislead.

[deutschmann59]

The link below is the original article I found. No where does it say anything about avoiding captial gains tax, but it does mention that SOME gold and silver coins may be exempt from reporting sales.

See, this is where I get confused. Some articles say you've got to report any sales to the IRS, and other places like this say the sale of certain gold coins need not be reported. Can anyone offer any insight?

I'm going hold on to the coins I have and I've got no plans of letting them go anytime soon, but the article mentions seeking the advice of an attorney (or someone familiar with tax law) when the time comes. I think that's probably what I'll end up doing if I ever decide to sell.

http://www.certifiedmint.com/myths_lies.htm

[Ryan@Motorwerks]

Had good feeling about Caterpillar a few years back.....They've worked wonders, wanted to buy at about $40-50 and they have split shares once already and its at 60s again, holding strong. 120% return after a few years ain't too shabby. Not sure how much more it can go up tho

[sdorn]

I'm in law school, and I took Basic Tax last year. I pulled out my notes, and found the IRS Code Section that defines income. It is Section 61. Here is the excerpt.

(a) General definition.--Except as otherwise provided in this subtitle, gross income means all income from whatever source derived, including (but not limited to) the following items:


(1) Compensation for services, including fees, commissions, fringe benefits, and similar items;

(2) Gross income derived from business;

(3) Gains derived from dealings in property;

(4) Interest;

(5) Rents;

(6) Royalties;

(7) Dividends;

(8) Alimony and separate maintenance payments;

(9) Annuities;

(10) Income from life insurance and endowment contracts;

(11) Pensions;

(12) Income from discharge of indebtedness;

(13) Distributive share of partnership gross income;

(14) Income in respect of a decedent; and

(15) Income from an interest in an estate or trust.

[deutschmann59]

Originally Posted by sdorn

I'm in law school, and I took Basic Tax last year. I pulled out my notes, and found the IRS Code Section that defines income. It is Section 61. Here is the excerpt.

(a) General definition.--Except as otherwise provided in this subtitle, gross income means all income from whatever source derived, including (but not limited to) the following items:


(1) Compensation for services, including fees, commissions, fringe benefits, and similar items;

(2) Gross income derived from business;

(3) Gains derived from dealings in property;

(4) Interest;

(5) Rents;

(6) Royalties;

(7) Dividends;

(8) Alimony and separate maintenance payments;

(9) Annuities;

(10) Income from life insurance and endowment contracts;

(11) Pensions;

(12) Income from discharge of indebtedness;

(13) Distributive share of partnership gross income;

(14) Income in respect of a decedent; and

(15) Income from an interest in an estate or trust.

Ha ha, well I guess that about sums it up! There's no question if you sell a coin and get more for it that you originally paid for it, it would be considered a gain derived from dealings in property. In the end, I guess it's always best to get the info from someone who's familiar with the law. Thanks