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The max is more then what I make in a year!
That's got to be impossible. You are telling me that there is no limit to what the company match is? Usually they only match a small percentage of your salary.
cintrix,
That is an excellent deal and I would put in the maximum amount that they will match.
Plus my employer matches what I put in to the fund.
That is an excellent deal and I would put in the maximum amount that they will match.
cixtrix, sorry I have been very busy with school. A few weeks ago I received a booklet full of information including rules, regulations, investment advice and the investments that are available for me. Last night I read the booklet from front to back and did some reading about saving for retirement. I was foolish to believe that I am too young to start saving for retirement. In fact I am grateful to be given this opportunity from my employer.
I want to be able to live comfortable and have financial freedom when I retire. Even more so, because I believe my generation will not have social security that I will have paid into all of my life. So I am excited to start saving for retirement. Plus my employer matches what I put in to the fund. Which is even more of a reason to take advantage of this offer.
If your company is offering stock at a discounted price, is it limited in the amount you can buy, and do those purchases have to become vested?
Your 401k should give you a list of what funds you can invest in - do that - put them in mutual funds - don't try and trade them yourself.
If you are in mutual funds, a good deal of them are stock funds. Some are bonds, but those are the more conservative funds and you are young so I would suggest you put more in the stock funds.
eTrade Pro Strategy Scanner is kick ass. It also gives you the option to come up with your own scan criteria. They give a ton of options that can be overwhelming but if one works backwords from the angle of the data they want to see, they can filter out many of the other options to get to what they need.
I think the best one out there is Stragegy Scanner that is part of Etrade Pro - it is free if you make at least 30 trades per quarter. You can customize the strategy scanner to your own liking. Take a look:
https://us.etrade.com/e/t/invest/apptemplate?gxml=strategy_scanner_tutorial.html&skinname=none&righttrail=disable
Yahoo Finance, StockCharts, Google Finance, OTCMarkets.com.
What's everyone's favorite free scanning tools to screen stocks?
I have Scottrade & TradeKing, Scottrade I like for my penny plays they don't charge me hidden fees and no "no activity fees" tradeking kind of sucks imo for micro cap stocks, but if u play options its not too bad :) according to sigfig I'm classified 100%
When I get 50$ extra I might switch out of tradeking @ open an etrade account I hear they are good like Scottrade in terms of no fees for otc'$
eTrade. I live their eTradw Pro Elite platform. Great tools for trading.
It is probably some spin-off shares from another equity.
I have a Trade King account and just had something show up in my portfolio unexpectedly. 3.9 shares of ISPBZ....WTF is that? Any info would be appreciated.
PT
If you like what you have, stick with it. I have broker-surfed many times and it isn't worth the effort. The smaller brokerages may look inviting with their small fees, but there are downsides to them too.
Mainly NYSE/Nasdaq and minimal OTC.
I have a TDA and Etrade account that I like. sigfig.com was showing the option for optionshouse.com with lower fees.
What type of stocks are you looking to trade?
I did OptionsHouse for NYSE/Nasdaq/AMEX trading. When I switched to penny stock trading there was $.005 per share fee so I had to find a new brokerage house. I use Charles Schwab currently and here good things about E-Trade fir penny stock trading.
What is everyone's favorite online broker/trading platform?
Does anyone have any opinions on OptionsHouse.com?
I found a fundamental site that I think will help you find companies according to your criteria. You pick a specific fundamental you are looking at, like pe, and then click on that. It will bring up on the right the industries. You just click on an industry you like and it will bring up the company's numbers - this will save you a lot of time crunching numbers:
http://www.macroaxis.com/invest/marketScreener/sector/pitchletHome
Greatly appreciated input amigo.
I wanted to add that not all orders appear on L2. Not all MMs display or have to. I learned that from my Charles Schwab customer support. Not the basic L2 guides.
That's an acceptable answer thanks :)
it is real time so i have no idea how you can study it after hours - it could change on active stocks by the minute - i don't know of a service that would allow you access to each and every tick and mm position that went on during the day
I realize that, I get some time during the day, some days anyhow, but I figured it may give me access to what happened throughout the day as well, so I could study the during the evening.
the purpose of level ii is to see what is happening in real time - i suggest you google level ii tutorials and study it that way before you purchase - here is ihubs tuturial:
http://learn.advfn.com/index.php?title=Level_II
Question: can you review L2 at the end of the day? I don't have time to study the phone all day, so before I buy I need to know.
You would have to contact the trading firms and have a degree in finance and a series 7 license.
Question: I don't suppose there is a specific "market maker" job if I look in the classified, so who would be one of these people?
IMO, pumping and bashing on stock forums is an integral part of stock trading
Most especially in the case of penny stocks.
That depends on if the stock this person is referring to is still trading or not. If it is still trading and there is a "q" affixed and this person did not sell it yet, then they can't take a loss. If they sold it or if the commons were cancelled and removed from their account then they may take a loss. The way they worded the question wasn't clear. When he/she said "if I didn't do anything," were they referring to the lawsuit or meaning they didn't sell it yet? If the stock is no longer in this person's portfolio they may take the loss:
Hi I had a stock that went bankrupt and sent me a notice to sue by June ..if I didn't do anything can I use that as tax breAk next yr?
IMO, pumping and bashing on stock forums is an integral part of stock trading. Depending on the situation and stock status, the pumper buzz or basher stings can point what direction the expectation for the stock's pps is heading. I'd dare say this pump and bash strategy can have dire effects on pps. Forum discussions help spin info in different ways, not all is simple pump and bash.
SEC investigations have used forum posts as evidence, though the info is unregulated as you stated. Do an Internet search and you'll read much about this topic. Read the SEC website topics.
Serious question... (and I approach this knowing that chat rooms, forums, etc. provide a platform for (mostly) unregulated opinion... )
What are your opinions on the outcome of pumping or bashing on a forum like ihub? Does it play or role? Does it truly convince buying or selling or going long or short? Or is it more annoyance or ego stroking or playful theatre? For newer investors/traders, I can understand the willingness to be tipped or guided, but for the experienced, does ihub provide useful discourse? What about twitter?
Any comments/opinions/bashers/supporters welcome.
The best way to sell a Grey Sheet formerly SEC Suspended stock is by direct phone call contact with your Broker. Often there are NO BUY restrictions on G.S. stocks which makes selling difficult, but Brokers can make an exception if a buyer and seller are clients of the same Brokerage. Ask the Broker to search for a buyer and keep the Broker on the line until a buyer is found. After 15 minutes or so your Broker will be frustrated if a buyer hasn't been found so keep dropping your price until a buyer is found.
Since there are no bids and no asks, ie., no quotes whatsoever, a seller needs to be ready to offer shares at below the last traded price.
As well, you should use easy to match lots for sale. EG., 10,000 is much easy to match buyer to seller than 10,450; or one million is easier to match buyer to seller than 1,120,000. You would likely end up still owning some shares but you could get out of most of your stock position.
You didn't mention the ticker. If the stock is at .0001 you may ask the Broker to go to the 5th decimal, eg., .00005.
Can anyone tell me how to sell a stock that has been "grey market" listed? I am having a problem with a stock that was suspended by the SEC.
Yes, you can report it as a loss in your taxes.
Hello all,
Recently graduated with a BBA and specialized in finance; looking to get into the market. Would love advice, tips, etc. that anyone has for me.
Best--
dollahite17
That is a very broad question and if you ask five different Ihubers you might get five different answers. Everyone has a different approach and I suggest you find your own and not try to do what someone you don't know is doing. Someone here posted that they look at pennies on a five day uptrend - i do just the opposite - i trade bouncers only and usually not pennies. You need to figure out a strategy that works best for you.
regarding post 3083 what is a board link where do i find it
I spend hours looking at popular iHub boards. With a strategy in hand, I narrow down my targets to top 3 based on technical and fundamental analysis. I then do in-depth analysis based on iHub ticket boards to my targets, PRs, News, filings, company websites, company contact calls, and discussion with friends.
Example:
My strategy is pennies with at least 5 day uptrend, some accumulation, and revenue. I then narrow down targets as described above. I feel 80% of penny jumps are based on the herd mentality so reading the signs prior to a jump is key. Check out my board link for more of my ideas.
Generally speaking, how do you go about finding companies to trade? How does your typical research day(s) go before you enter a trade?
Ask here:
http://investorshub.advfn.com/IH-ADVFN-Streamer-&-Level-II-Q&A-Board-8689/
I know I got a few emails over the past few years offering me a free trial - don't know if they are still doing that.
Is there a way to get level two free for a too try it out?
Is it not trading anymore?
Hi I had a stock that went bankrupt and sent me a notice to sue by June ..if I didn't do anything can I use that as tax breAk next yr?
I would call up the number they gave you and have all your questions written down and thought out before you make the call.
Mutual funds are a pool of all different companies (if it is a stock fund). There are small cap funds, large cap funds, tech funds, mixed funds, etc. Once you are in, they are managed by a professional. You don't have to do anything. You will get a statement each month - or you could go online to watch it. My advice would be to NOT watch it too often. It is money for your future that you don't need now so peek at it once a month. Call up the number that your company gave you. Tell them that you would like to invest X amount of dollars a month. Some companies allow you to make changes to your 401k a couple of times a year. So say you had most of your money in small cap companies and then decided to be a little more conservative, you could move some of the money (they usually let your do this on a % basis)into a large cap fund and leave say half in the other. Maybe I misunderstood your original question. I thought you wanted to put your 401k into a scottrade account and trade it with your other account. If your employer is using ML that is not a problem to have two separate accounts. Have your 401k with ML and you can do your side trading with scott.
cintrix,
"Did your company give you the names of any financial advisers who manage their 401k? Most of them get paid through the actual fees from the investments. I know when my daughter got her job there was about three or four different companies she could invest in and she called one of those guys and went with him and he allocated her weekly contributions."
I was not given this information. My employers tend to lack in providing employes with knowledge about benefits. I will be sure to ask at work today.
cintrix,
"Your 401k should give you a list of what funds you can invest in - do that - put them in mutual funds - don't try and trade them yourself."
I don't plan to trade my financial benefits from my employer. I wasn't aware trading mutual funds was possible or profitable. I was under the impression I would distribute a fixed income each paycheck that would go towards that investment(s).
"If you want to trade, then do that on the side with other money. Not with your 401k money. I am really not sure what you are talking about when you say I plan to keep 401k investments separate from stock investments - if you are in mutual funds, a good deal of them are stock funds. Some are bonds, but those are the more conservative funds and you are young so I would suggest you put more in the stock funds. Maybe you mean your trading account. That is fine. Put whatever you can afford to lose in that and trade and get a feel for it and you can even compare how well you are doing vs your 401k."
I'm sorry for not being clear. I meant keeping employee financial benefits separate from trading benefits. Good idea about coming the two investments though.
"Usually when a company allows employees to buy stock at a cheaper price there are restrictions on when you can cash them. Some companies do matches - say for every 20 you buy they give you 5 - but you usually have to wait until they are vested to sell - probably every company has their own time period."
I'll be sure to ask my employer today at work.
Usually when a company has a savings plan they have a representative you can talk to regarding how to allocate your money.
Because our company is small, but growing quickly. There is not human resources nearby. I would have to reach them over the phone.
"And please watch this:
Did your company give you the names of any financial advisers who manage their 401k? Most of them get paid through the actual fees from the investments. I know when my daughter got her job there was about three or four different companies she could invest in and she called one of those guys and went with him and he allocated her weekly contributions.
Your 401k should give you a list of what funds you can invest in - do that - put them in mutual funds - don't try and trade them yourself.
If you want to trade, then do that on the side with other money. Not with your 401k money. I am really not sure what you are talking about when you say I plan to keep 401k investments separate from stock investments - if you are in mutual funds, a good deal of them are stock funds. Some are bonds, but those are the more conservative funds and you are young so I would suggest you put more in the stock funds. Maybe you mean your trading account. That is fine. Put whatever you can afford to lose in that and trade and get a feel for it and you can even compare how well you are doing vs your 401k.
Usually when a company allows employees to buy stock at a cheaper price there are restrictions on when you can cash them. Some companies do matches - say for every 20 you buy they give you 5 - but you usually have to wait until they are vested to sell - probably every company has their own time period.
Usually when a company has a savings plan they have a representative you can talk to regarding how to allocate your money.
And please watch this:
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