Investing

[GunRunner]

Anyone here do any investing in stocks/bonds/metals/etc?

I'm invested in oil and alternative energy at the moment. But, I'll probably sell those holdings when oil reaches $100 per barrel.

 

[Kurk]

You're asking a clan full of teenagers this question... However, I invest through my Father, so I must assume others do as well. We're invested his employment in Hong Kong and Mainland China.

 

[GunRunner]

You're asking a clan full of teenagers this question...

Yeah.... I kinda forgot that fact when I made the initial post.

On the other hand, if online discount brokerage houses existed when I was a teenager, I'd probably beg my parents to open an account and give me a few hundred dollars to play with. I guess I've always been obsessed with stock trading.

 

[Tedde]

Im getting a depo for my 16th bday in march. Any advice?

 

[GunRunner]

Im getting a depo for my 16th bday in march. Any advice?

Umm... What's a depo?

Is that like the Depo-Provera shot so that way you don't get pregnant?

Or, are you getting a deposition? Which would be kind of strange for you to be receiving one, although not unheard of.

Or, lastly, are you getting shares of the stock with the ticker DEPO (Depomed, Inc.)? If you are, you should probably sell them quickly.

 

[Tedde]

Lol...
In swedish you say a "Stock Depot", a depot where you sell,buy trade stocks. ( You know what i mean, dont you?)

 

[GunRunner]

In swedish you say a "Stock Depot", a depot where you sell,buy trade stocks. ( You know what i mean, dont you?)

So I guess what you are saying is that you are getting a stock trading account for your birthday?

Well, I really don't know much about Sweden's stock market. But, a few things to keep in mind would be taxes and trading costs. You should probably find out if you get taxed on selling a stock at a profit, and if you hold the stock for less than one year or more than one year, is there a difference in the tax rate? If you sell a stock at a loss, are you able to write that loss off against any taxes you would have to pay on a sell of a stock where you made a profit? Almost all stock trading accounts that I can think of will charge you a fee every time you buy or sell a stock, so keep that in mind.

Also, when I was looking at the Stockholm Stock Exchange, there are a lot of companies that are traded in different currencies. So you'll probably have to factor in exchange rates when looking at a company located in, for example, Helsinki.

Anyway, as for general advise, you have to ask yourself what is your time horizon for investing? If you have a long range plan of buy and hold, then investing in something like the OMX Nordic 40 may not be a bad idea. A short term time horizon means you are going to have to do your research on the company and hope that their share price increases in value over, for example, one month. Also, your may want to look for companies that payout dividends, and then look for ones that have a high dividend yield.

Have fun.

 

[Tedde]

Already got stocks in OMX 30 STHLM

 

[GunRunner]

Already got stocks in OMX 30 STHLM

Alright: Good.

Start looking for stocks or sector-based indices that you think have a high growth rate for Sweden. In other words, because we all pretty much live in a globalized economy, what companies in Sweden have a large potential to generate profits from foreign counties? Keep China in mind when looking for investment opportunities: Do you know of any Swedish firms that have just signed a contract to do business in China? If so, you might want to buy their stock.

If your "stock depot" account allows for it, you may want to see about trading options. Options are a great way to hedge your stock purchases in case the the value of the stock goes down. If you want more information, let me know.

As a side note: I don't know if Sweden has ETFs or ETNs (Electronically Traded Funds or Electronically Traded Notes) on their exchange(s), but if they do, do not use the ones that indicate they use "leverage": That is, they will indicate a 2X or 3X daily return. The leveraged ETFs/ETNs are for "sophisticated investors." Leveraged ETFs/ETNs are a great way to lose money if you do not know what you are doing.

Once again: Have fun.

 

[Tedde]

Thanks for the advice Player

 

[ZamZam]

ill copy an paste wiki notes on here

One of the many things people always want to know about the stock market is, "How do I make money investing?" There are many different approaches; two basic methods are classified as either fundamental analysis or technical analysis. Fundamental analysis refers to analyzing companies by their financial statements found in SEC Filings, business trends, general economic conditions, etc. Technical analysis studies price actions in markets through the use of charts and quantitative techniques to attempt to forecast price trends regardless of the company's financial prospects. One example of a technical strategy is the Trend following method, used by John W. Henry and Ed Seykota, which uses price patterns, utilizes strict money management and is also rooted in risk control and diversification.

Additionally, many choose to invest via the index method. In this method, one holds a weighted or unweighted portfolio consisting of the entire stock market or some segment of the stock market (such as the S&P 500 or Wilshire 5000). The principal aim of this strategy is to maximize diversification, minimize taxes from too frequent trading, and ride the general trend of the stock market (which, in the U.S., has averaged nearly 10 %%/year, compounded annually, since World War II).