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11-02-2006, 08:49 AM
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welcome aboard, Los Angeles has some sunshine year round also :) hope this wont be the last post we see from you
    
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11-02-2006, 10:22 AM
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Welcome!
__________________
Trading: remember, own businesses, don't trade stocks. Investools: figure out the price of Investools as a percentage of your base (your initial investing money), and remember that you have to deduct that out of your gains. Also, are you experienced enough to need these extras? Rule #1a: Don't waste money. Phil's book: it is not the Investing Bible. Believe it because it makes sense, and otherwise modify it to fit your reasoning and skills. 8-17-9 and 14-5 are not Golden Ratios.
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11-02-2006, 11:06 AM
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Hello Fellow Investors
Just in the process of reading Rule 1 for the 2nd time. Love the discipline and methodology . I've been winging it for years picking some real winners: GE and MSFT were my 10 baggers. Got very wealthy on paper and hit my peak in March of 2000. :yellowsmile: Then I got real real dumb and poor.:frown:
Also planning to reread Value Investing by Greenwald. Looking for this site to help me with Rule 1 investment ideas, tool tips, and general financial education. Good luck in your investment journey.... rich
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11-02-2006, 05:19 PM
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Newbie from Maryland
Hey all, I'm a new member of the forum. After listening to the CD, I think this is something I may want to do. I am a retired school teacher, now selling Real Estate. But, I have some time on my hands.
Any suggestions on where to read first, FAQ's to look at, places to do research...anything for the new guy would be appreciated. Looking forward to replies. Ken
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11-02-2006, 06:21 PM
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First, read Phil's book and read everything on his blog.
Read everything you can on this site. Read a few other books like Technical Analysis for Dummies, Jim Cramer's books, and whatever interests you in the "Recommended Readings" section of this web site. Download the MOS calculator, but first try to do a few calculations on your own using MSN numbers just for practice. Paper trade for several months. Investopedia will allow you to "virtually" trade. Start with a SMALL amount in a Roth IRA. I would suggest $1,000, and then expect a large learning curve. All the book education in the world is no substitute for the real world. Lastly, don't be so serious. Be patient, but have some fun. We're ALL here to help and encourage and learn from each other.
__________________
"Once in a lifetime" opportunities usually come around about every two weeks or so. . . be patient.
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11-02-2006, 07:36 PM
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Hello Ken and welcome to our community! Ron nailed it - best advice is to read everything you can get your hands on. You'll find a treasure chest of information within these forums and links to many third party sources to further your education. Once you start familiarizing yourself with the basics move on to the paper trading simulators and track your progress.
Don't ever hesitate to ask any questions you have. Lots of able minds here who will help you along the way!
__________________
"Statistics: The only science that enables different experts using the same figures to draw different conclusions." - Evan Esar
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11-03-2006, 12:37 AM
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George, Father of Lexi
I started playing the market for the first time this year. I went heavy into reading O’Neil and doing most of my research with IBD and was able to ride HANS and ERS and make a nice return. I have also dabbled in other methods but I am really finding rule one investor the easiest to understand and the one that makes the most sense. After reading an article I went out and bought the cd's two weeks ago and the book last week. Both are great but this website has the tools that I have been looking for. I try and move fast when I do this so I have been running from 50-75 business a day through the worksheets on the site and I love how much they help. My plan is simple and hopefully will grow more elaborate after I learn more. I look for target business from either MSN or from IBD's top rated stocks. I run those through the MOS spreadsheet and narrow down my search based on their Moat and make small investments in each prior to diving into much more detail about their company and their companies' customers. The first wave pulled out: WIRE, OMM, LOW, INFY, DRIV, CTSH and ASVI. I bought a little in both and now I want to use more of tools the forum as created to help the rule one investor and now narrow down to one key stock for now, based on news on the company and other factors I am going for DRIV, I would love to hear any comments on that stock as well has any other tidbits on the first steps you take in building your funnel of potential stocks that you run through the MOS and MOAT and then the next steps you take to see if they are going to continue on the same path. Sorry for such long intro but it was great to find the site and the tools are top notch and user friendly. Thanks, George
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11-03-2006, 01:15 AM
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Welcome! I like Rule #1 because it makes sense: no gimmicks, like trying to predict stock price trends, etc. The premise is simple, and it applies to everything I've done in my life: buy $1 for $.50.
__________________
Trading: remember, own businesses, don't trade stocks. Investools: figure out the price of Investools as a percentage of your base (your initial investing money), and remember that you have to deduct that out of your gains. Also, are you experienced enough to need these extras? Rule #1a: Don't waste money. Phil's book: it is not the Investing Bible. Believe it because it makes sense, and otherwise modify it to fit your reasoning and skills. 8-17-9 and 14-5 are not Golden Ratios.
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11-03-2006, 04:25 PM
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Doug in Bama
Awesome site!
I am one of those starting late but hoping to finish rich guys. I took a look at stock trading back in the early 80's but i was in the military at the time and thought there was to much effort. I read the book and it pumped me up to get started. I have been paper trading for a month now and really chomping at the bit to get in. I have been using EBAY and GOOG. I work in the IT department of a magazine and web publishing company so I keep up with the Tech industry alot. Great site and great tools!!!!!
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