actually the saying uses basket, not bag, smile just for your reference take care, inthane proprietor, The Grab Bag, for blind computer users and programmers http://grabbag.alacorncomputer.com Owner: Alacorn Computer Enterprises Specialists in customized computers and peripherals - own the might and majesty of a Alacorn! www.alacorncomputer.com----- Original Message ----- From: "black ares" <matematicianu2003@xxxxxxxxxxx>
To: <programmingblind@xxxxxxxxxxxxx> Sent: Monday, May 24, 2010 10:34 PM Subject: Re: Stock market
yep, that is a known rule stated as: "don't put all of your eggs in the same bag".----- Original Message ----- From: "RicksPlace" <ofbgmail@xxxxxxxxx>To: <programmingblind@xxxxxxxxxxxxx> Sent: Monday, May 24, 2010 11:19 PM Subject: Re: Stock marketOne point, if you have all your retirement funds in the company you work for what happens if they go belly up or can not afford to pay you the funds from the fund when you need them because of som unforseen obligation or default by the companies or funds they have your money in? You are doing what allot of folks do and it has proven fatle to many employees with their retirement funds all in the companies they work for. The only reason to have them invest your funds is if they give you free money. If they match each dollar you put into their fund with some of their own money then you take it, stay in the fund with whatever the minimum balance is to keep getting the free money and pull the funds out when you can. You then pick a good investment to store your retirement funds. You allocate some of them to a fund of broad investments, some to another type of investment like income or commodities funds so that if one fund does not do well the other ones will. This does not take allot of knowledge nor money since most the better retirement vehicles have low investment requirements, offer good management and you look for ones with the lowest fees. Look at gthe Vanguard Group. When almost all the other major brokerage house were skimming pennies from their clients Vanguard was not. There was another instance where the Investment companies were involved in some shady transactions but Vanguard stayed out. Most recently many of the Major players had leveraged their funds beyond good sense and used higher risk investments to get returns. Vanguard did not. There are some big ones like Fidelity and a few others who have had some shady stuff but have remained mostely clean and the funds of really hard hit companies like Hartford and others are rated as pretty safe but they hold allot of bad debt so who knows. The trick is to find the best 3 fund families, or one good one, then spred your money out over 3 or 4 funds that use diferent asset classes. An Asset class is like common stocks for growth, Common Stocks for dividends, bonds, trusts, International or Global and Commodities. That gives you the best chance of retiring with a bunch of money. Youdid what allot of folks did. You took a flyer, hit it big, $300 on a small trade sounds big if it is made in a day on a small investment, and then thought you could do that all the time. The Gambling casinos make money whether suckers win or lose, so do all the companies on Wall Street that you pay to invest your funds. If you have less than say $10,000 I would just use one of the Vanguard funds, likely 2 or 3 by putting $2,000 to $3,000 in each of 3 funds to diversify your asset classes. Then periodically I would pull money out of my retirement fund at work and allocate it to my new funds. That is if you can do that without taking too much a hit.Rick USA----- Original Message ----- From: "qubit" <lauraeaves@xxxxxxxxx>To: <programmingblind@xxxxxxxxxxxxx> Sent: Monday, May 24, 2010 3:04 PM Subject: Re: Stock marketYes, and that is why I have decided to leave the investment to the company managing my retirement money -- I once decided to try day trading, got an account on an investment site and took out an IRA to invest for starters. I started getting all this email on good stock picks -- I mean, companies Inever heard of, penny stocks, etc. I bought a bunch of shares on one and made $300 in a week and was feeling good about that -- but then I got involved in other things and left it sitting, and in the end when I went back, the company had gone belly up and I lost the entire amount.So if you don't spend a good amount of time researching you can get bitten.I chose to let someone else spend the time... That is my warning to anyone starting. Happy stock picking... --le----- Original Message ----- From: "RicksPlace" <ofbgmail@xxxxxxxxx>To: <programmingblind@xxxxxxxxxxxxx> Sent: Monday, May 24, 2010 1:17 PM Subject: Re: Stock market Hi Black: Right on. Read, learn and practice for at least a year beforeplopping any real mony down. There are real dangers out there and those guys are looking for beginners who understand a little about how the market worksand Financials and Business Processes. They feast on these folks!The one truism in it all is, you stand to make a return based on how much risk you are willing to take. That is if you can believe the Financials and the folks putting them out for the various companies. That is where history and reputation comes into play. There are the day traders as well and they don't care anything about a company, tnot what it does or what their BalanceSheet looks like or if they even post one, just how the stock price andvolume appear according to a chart or how it is trending in daily trading ifthey use automated trading platforms.I think it is a very good thing for young folks to invest because they can see massive positive results over their working lives but they need to be careful, do their homework and pick stocks, bonds, real estate and, or fundscarefully and keep informed about what is going on with every investmentperiodically.Black, you should join the blindfinance list as well if you arean investor since there are some pretty experienced blind folks floating around there. It is usually a very quiet list unless someone has a question about something. Rick USA----- Original Message ----- From: "black ares" <matematicianu2003@xxxxxxxxxxx>To: <programmingblind@xxxxxxxxxxxxx> Sent: Monday, May 24, 2010 12:48 PM Subject: Re: Stock marketYou don't university education for investing is true, but you need education for investing this is also true. So, if you don't have the oportunity to learn those things in theuniversity, you must take in your own hands the trouble with educate yourself in that direction. Depends what you want to do. If you want let other to play with your money, you can go on the mutual funds way. The is a little risk, but the gains are on the same way, small.If you want to manipulate your own money and you want this if you want toearn much, you must be financial educated. You must know to interpret financial statements, to compute interests like roa, roe etc. To be business educated, to understand business processes.For example, when a company fires employees, the productivity temporarilyencrease and so the stock price.Best way to go, is to financial educate and business educate, to test yourskills in a real environment, but only to simulate, not to play real. After I will start a small business, I would encrease it, go with it public and finally sell it.----- Original Message ----- From: "RicksPlace" <ofbgmail@xxxxxxxxx>To: <programmingblind@xxxxxxxxxxxxx> Sent: Monday, May 24, 2010 5:25 PM Subject: Re: Stock marketNonsense! There is absolutely no reason for a University Education to invest in the Stock market. It might help with technical analysis or fundemental analysis but 99 percent of investors invest in commercially available products or pickstocks based on recommendations or other things. ETFs, Funds and Mutualfunds are the only way to go for a small investor and they pay many thousands, millions, to people who have the formal Education to pick individual stocks. Rick USA----- Original Message ----- From: "DaShiell, Jude T. CIV NAVAIR 1490, 1, 26" <jude.dashiell@xxxxxxxx>To: <programmingblind@xxxxxxxxxxxxx> Sent: Monday, May 24, 2010 9:03 AM Subject: RE: Stock market A college course on Investing is going to be your best bet for several reasons. A course on consumer awareness would be a fine prerequisitealong with a year of statistics to that investment course. Publicationsthat teach you how to read and interpret a balance sheet will come in useful along the way too. Anything else you do outside of a college setting will be aimed at sales and have their own agendas to push. Young students traditionally haven't got much to invest so the sales pitches tend to get turned off when that crowd gets taught. -----Original Message----- From: programmingblind-bounce@xxxxxxxxxxxxx [mailto:programmingblind-bounce@xxxxxxxxxxxxx] On Behalf Of Celia Rodriguez Sent: Monday, May 24, 2010 1:19 To: programmingblind@xxxxxxxxxxxxx Subject: Stock market Hi everyone, Sorry for the off the subject topic, but I aminterested in the stock market. I only have one little tiny, problem, Iknow nothing about the subject. I would like to start researching the subject, but I do not know where to begin. If someone can point me in the right direction I would greatly appreciate it. If you have any suggestions or tips can you please write me off line at celia-rodriguez@xxxxxxxxxxxxx Thank you in advance. 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