NarutoRamen

I would love to invest but to do so I need expendable capital. I don't have money right now that I can afford to lose. But my uncles and dad are investors but they don't play the stock market or such. They invest in property.

Curb Zone

 

Michael

Um ok....I asked you specifically what it is that you are trading, i.e., ticker symbol?

Matt530i

Forex is at best a get rich quick scheme. It's all based on speculation, which way you think currencies are going to move. Make a wrong bet and you'll lose your shirt. It's a little better than taking your money to a casino, but not much.

If you're starting with a small amount of money, try following Peter Lynch's rule. Look for blue-chip stocks that are 10% or so off their 52-week highs and buy them. Just make sure that you know why their off their high that much. e.g. If the market over reacts to something like the correction in China last month and good companies get taken down with the rest, start buying.

Osnabrueck

I'm familiar with Forex and, from personal experience following currencies, would encourage you to stay far, far away.

Currency trading is a game for the big boys and trying to participate is about as good as putting money on red or black. When I lived in Germany I played a "Virtual Forex" because I was paid primarily in dollars and would follow the daily currents to see where my best opportunities were to collect payment. Sometimes Dollar to Euro rates would get so bad I would just halt payment until things started going in my favor.

At one time, a client held a very large balance with me and paid late. Because of the excange rate's flucturation, their delinquency cost me $1,000 in value against the Euro.

I would much sooner consider betting on sports instead of getting involved in the Forex. Unless, of course, you're the clairvoyant type.

Right now I'm just "investing" in jeans. Should really knock it off.

The Artist

ohh sorry man..my bad
the ones im tradin now are called Rydex Dynamic Dow
Seeks to provide investment results that correspond to 200% of the daily performance of the Dow Jones Industrial Average

Symbol: RYCVX

Or when the market is down..
Rydex Inverse Dynamic Dow
Seeks to provide investment results that inversely correspond to 200% of the daily performance of the Dow Jones Industrial Average.

Symbol: RYCVX

I hope thats a good answer

Michael

I am very much into aviation and the industry that pertains to it. I have been wondering if Delta would be a good investment. Today they officially came out of bankruptcy and they will issue a new stock this upcoming Thursday. I was wondering if it would be wise to invest in a company that seems to be heading in the right direction. I know a thing or two about the airline industry, and I know that fluctuations in it come due to many factors. As a matter of fact, almost everything is connected to the airline industry because of what it does--get people around the world. Any opinions on this?

Matt530i

Not that it's guaranteed to happen again, but United relisted its stock last year and make Fortune's list of top 10 stock returns in 2006. I woulnd't put all my eggs in the Delta basket, but a few of them might be worthwhile.

Michael

I have been looking at American Airlines, Jet Blue, Southwest, and Delta (the new symbol). All of them vary in projected returns and how the company will end up doing. I personally think that Jetblue has a great product. American Airlines is a machine and does not look like they will be disspearing any time soon. So, my question is whether the time is right to buy. I wonder if it would be wise to dump money on the day that Delta opens to or to wait. I don't know.

Ugh!
Decisions Decisions

450SEL6.9

Michael, don't be enamoured with airline stocks. The airline business is a bad business. Unless an investor got into United last year or Southwest from the beginning, they were locked in a house of pain by holding airline stocks. You would have done almost as badly as holding Chinese stocks. Yes, that is not a typo. Chinese stocks!

As for your other stocks:
JBLU - I just don't like airlines, if you must own one then look at an international airline
Kinross - Canadian miner, but gold stocks are lagging gold prices, maybe own the gold ETF instead
Anglo American - there are better mining companies, i.e. those with uranium assets

Michael

Jubak recently recommended Anglo American and Kinross, however, when you look them up, they have been downgraded by many such as the S&p 500 and reuters.

What do you think?

Curb Zone