i have a question for the stock guru's

[spongebob]

anybody buy and sell stocks on a daily, weekly or even monthly basis?

what is your short term strategy in general?

what are some of the stocks you do this with? are they usually pretty steady stocks?

im thinking this. ive got about 30k i might wanna fool around with, not much but im not looking to make a killin'.

my dad does quite well buying and selling daily so i know im gonna be riding his coat-tails for sure. but from what i see his strategy is more for bigger gains.

my startegy will be something like this. buy steady stocks, ones that dont fluctuate too much but may have changes in them from a dollar or two a week, up and down. find one thats somewhere between 15 to 30$. that'll give me 1000 or 2000 shares.

as soon as it goes up .50 or 1.00 sell. make a little money. as soon as it dips, say .50 or something, buy back. continue. ofcourse watch other stocks and do the same.

any ideas or comments?

 

[spongebob]

and the other idea i have is too invest in real estate. buy fixer-uppers, fix them, turn them.

i have a little more money to do that. so i would start with one project at a time. plus i am very good at do work myself. so i would invest my sweat equity. and i think i have a good eye for spotting diamonds in the ruff.

just for example. this house i found which has fire damage is selling for only 12k. i think i could offer 10k cash tomorrow and get it. ive looked at briefly and appears to have no real structural damage. but it needs total gutting. which is no problem. houses in that area sell for 60 to 70k. so im almost positive i could make at least25 or even 30k. i estimate it will take me 4 to 6 months.

so its either stocks or turn property. i know for a fact i could turn properties for a profit. it will take more of my own sweat though. which i enjoy anyways.

 

[ZKaudio]

60k for a house? really?

 

[mylife]

home prices are largely based on 2 things: location and square footage. so unless you're building an addition, i'd think the profit would be negligible after the time and $ investment.

could be wrong though, i'm sure there's others here that know a lot more about this.

 

[Devastation]

i do this and garner most of my income from it. it takes a fair amount of time and research to be successful tho. my strategy varies at times depending on market conditions, but is mostly value companies, high growth companies, and areas of the market that are currently "hot". i use a large amount of leverage which greatly increases the risk and volatility of the account. i've been pretty successful and hope to do well into the future with it

 

[Devastation]

and don't limit yourself to stocks in a certain price range just to control a certain amount of shares. it's ludicrous. high priced stocks make big moves too. the only thing you should be concerned about is percentage moves, and where the stock you own is headed

 

[spongebob]

and don't limit yourself to stocks in a certain price range just to control a certain amount of shares. it's ludicrous. high priced stocks make big moves too. the only thing you should be concerned about is percentage moves, and where the stock you own is headed

i like that, ill remember it. thx.

 

[spongebob]

60k for a house? really?

yea your right, i dont know what i was thinking. there is no housing for 60k, i meant 600k.

 

[flex229]

good money can be made in the energy sector right now...

 

[calder]

good money can be made in the energy sector right now...

its taken a beating the past 2 days.