Please Scroll Down to See Forums Below
Any eTrade experts on here?
- Thread starter AAP
- Start date
needtogetarmy
CEO of Project Mayhem
IB (Interactive Brokers)
I use to trade for a living. I only trade index futures now and only do it part time. I also used to write an online stock market index analysis newsletter too.
I use to trade for a living. I only trade index futures now and only do it part time. I also used to write an online stock market index analysis newsletter too.
mrplunkey
New member
AAP said:
I'm a regular on etrade, but I've only used it now for about 3 months.
As far as making money, by definition on my edtrade account I won't.
For the last 3-4 years, each month I set-aside a certain amount of money from my tax-free bonds to invest in sectors that have taken a beating (used to do this with a Smith Barney account). Once the sector recovers, I transfer the stock into my main Smith Barney account and forget about it.
I like etrade because when I want to jump into a troubled sector, I always wring my hands on whether or not the market has found its bottom. So I know its silly, but I'll hop in and out probably 3-5 times before I finally settle down and wait the industry out. Right now I'm doing that with regional banks. They've taken 50%-80% hits on their stocks, but once they figure-out how to make money through something other than loan origination, I'm sure they'll bounce right back. Its probably a 2-year play, but I don't mind parking money forever.
Damn... long-winded answer. You looking to use etrade?
S
Spartacus
Guest
I need something to do with around 10 thousand today. Just toss me some ideas.
I don't need to make anything with it and of course I'd rather not lose but my risk tolerance is high. This is funeral home money. We don't miss it.
I don't need to make anything with it and of course I'd rather not lose but my risk tolerance is high. This is funeral home money. We don't miss it.
mrplunkey
New member
I kinda like these guys. They are a southern-based (Memphis) regional bank. I believe (but could be dead wrong) they they've bottomed-out. Now this would be one you'd have to buy and forget you own for about 2 years. If you tried to watch it day-to-day you'd be hating life. These guys would also make a decent acquisition target too.Spartacus said:
FIRST HORIZON NATL CORP COM FHN: NYSE
Financial : Regional Banks
Previous Close 9.40
52 - Week Range 9.25 - 40.74
5/20/08 - 5/31/07
Avg Volume (10 days)
4,783,330
P/E (Trailing 12 mo.)
--
EPS (Trailing 12 mo.)
-1.89
Next Earnings Date
7/14/08
Market Cap 1.2 B
Shares Outstanding 126.8 M
Beta 0.2
Dividend Yield 8.51%
Declared Dividend 0.20
Ex-Dividend Date 6/11/08
Dividend Payable Date 7/1/08
J
jerseyrugger76
Guest
I've used it off and on and made money. What's up?
needtogetarmy
CEO of Project Mayhem
If you do not mind losing 10K then open an online trading account and watch it disappear. 90% of online traders do not make money. I have seen people lose everything they have trading online. People think they can open an account, look for advise on what to buy, and then make money. It is not that easy.
Also, never take online advice for buying stocks, bonds etc. Do your own research.
My recommendation is to go to traders.com and check out some of the books they have there.
After studying and reading for a year, get a notebook or start a free online account with someone who uses play money and "paper trade" for 1-2 years. If you make money, then invest real money, if you lose money, find something better to do. That is what I did and I was very successful at it. In fact, that is the main reason why I went to get a higher degree in finance - I believe the stock market can be timed.
Also, never take online advice for buying stocks, bonds etc. Do your own research.
My recommendation is to go to traders.com and check out some of the books they have there.
After studying and reading for a year, get a notebook or start a free online account with someone who uses play money and "paper trade" for 1-2 years. If you make money, then invest real money, if you lose money, find something better to do. That is what I did and I was very successful at it. In fact, that is the main reason why I went to get a higher degree in finance - I believe the stock market can be timed.
S
Spartacus
Guest
any chance they get swallowed up?mrplunkey said:
I remember reading something about regional banks like 19 and half months ago
e.g. huntington bank in ohio
AAP said:
what kind of trading?
my brother-in-law uses craigslist.com and makes a lotta money. Great deals on there.
What I am looking at is not quick overnight money. But rather something I can use to put $$ in each month for longterm investment and growth.
I use the general portfolio manager through Charles Scwab for mine and JP MOrgan for the 401K stuff.
But my little neighbor that I help with the photography biz is getting about $700 to $1200 per month on his part time work and it is all cash under the table. So I was going to try to get something set up so he can put his money into stock or govt' bonds each month and have a steady increase over 20 years or so.
Never used Etrade for this though and just wondered how things worked with it.
I use the general portfolio manager through Charles Scwab for mine and JP MOrgan for the 401K stuff.
But my little neighbor that I help with the photography biz is getting about $700 to $1200 per month on his part time work and it is all cash under the table. So I was going to try to get something set up so he can put his money into stock or govt' bonds each month and have a steady increase over 20 years or so.
Never used Etrade for this though and just wondered how things worked with it.
AAP said:
If you're looking to simply dollar cost avg every month and dont want to pay attention to it just come up with a good allocation of low cost funds. There are hundreds of free programs that will help you build an allocation based on your risk tolerance.
needtogetarmy
CEO of Project Mayhem
75th said:
+1
Just to add to this I would not put all of your eggs in one basket, i.e. government bonds (especially with everything going on with the fed right now). Look for some funds based on your buddies risk tolerance on eTrade and stick money in those.
AAP said:
Try the Fidelity homepage. The only decision you'll have to make is whether you want index funds (Vanguard, etc) or managed funds (franklin templeton, American funds, etc). Obviously managed will cost a little more.
If you need help setting up an allocation or choosing funds once you've decided let me know.
+3
If you want to invest every month, it'll cost you to buy stocks on E-trade etc.. I suggest Vangard family of funds. They are very low expense ratios, great track record, and you can sock away money every month easily.
Better yet, www.bobbrinker.com Markettimer newsletter (nobody hate!) He has been very consistent over the years and has several different funds to choose from depending on your risk. Website or newsletter, it's worth the read. I'd recommend it to anyone.
If you want to invest every month, it'll cost you to buy stocks on E-trade etc.. I suggest Vangard family of funds. They are very low expense ratios, great track record, and you can sock away money every month easily.
Better yet, www.bobbrinker.com Markettimer newsletter (nobody hate!) He has been very consistent over the years and has several different funds to choose from depending on your risk. Website or newsletter, it's worth the read. I'd recommend it to anyone.
rsnoble-im-back
Banned
I have to pound the table on NVEC once again, lucky enough to get it in the low $20's. It's all about MRAM and they hold all the patents.
Of course this little oil problem isn't helping most stocks lol. Unless of course you were lucky enough to get in the likes of USO. I think NOV has room to run.
Personally I don't like much exposure at all right now with bomb happy Bush at the helm. A little Iran mishap and that could get expensive.
Of course this little oil problem isn't helping most stocks lol. Unless of course you were lucky enough to get in the likes of USO. I think NOV has room to run.
Personally I don't like much exposure at all right now with bomb happy Bush at the helm. A little Iran mishap and that could get expensive.
rsnoble-im-back
Banned
Oh yeah..........unless you really know what you're doing don't ever use margin. You want to have a margin account though so you can short.
S
Spartacus
Guest
What about e-trade itself?
I have 3000 shares of ETFC
I have 3000 shares of ETFC
Raptorex
New member
Similar threads
