cman69

Or I Can Invest It In The Saints Baby!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

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cmcbryan001

Find a mutual fund that has a low expense ratio (anything less than 2% is pretty good), and tht is preferrable a "no-load" fund. Because you're young, you can afford to take more risk in the long term, so find a fund that invests in Emerging Markets (High risk/high return)

cman69

how much percent does an average mutual fund make a year??

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cmcbryan001

It depends....the good ones out perform the market and the bad ones don't. On average though, if you find a good fund (looking on Morningstar.com will help you out a lot....don't look at anything rated below 4-star), they will mirror the performance of the segment of the market that they track (i.e. Emerging Markets, Global Equities, S&P 500, etc.). On average, the US Stock market has returned 8% annually since inception, so in essence you double your money every 9 years.

cman69

okay thanks alot

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savage1

Cman-yes I am into the market big, and most of my money is managed professionally; I do have speculative money which I manage and put into speculative and cheap stocks, but the latter represents a relatively small amount of my holding;most importantly,I can afford to lose all of this money comfortably if things don't work out.
Regarding you question, my answer is it depends on your situation, what your goal is and how important the $1000 is to you.
No one can argue with putting it in a mutual fund.
From reading your posts however, I get the feeling that say 8% or $80 a year(for the coming year and then 8% or so each successive years) on your $1000 investment might not satisfy you).
In short, I would advise you to either put the $1000 in a good mutual fund and/or buy a good quality and proven stock.
On the other hand, and if you don't need the money and can afford to lose your entire investment, there are plenty of penny and sub dollar stocks out there with the potential to make quick nice returns on your money;I only mention this option because of the manner in which you bet games(I am not being judgmental about the way in any way but just pointing out that penny stocks would seem to fit your way of thinking at this point).
In all honesty though, I would stick to the safer investments with the mutual funds or proven stocks-they can be boring but the odds are safer than they are with the penny stocks.
Hope that helps.

eeyore76

what penny stocks are you looking at savage..what are some promising looking ones in your humble opinion..I see that ACTC has been stuck back down around 9 or 10 cents....

thanks

savage1

That is true about actc, although I am still quite optimistic.
I have done quite well in the last few days with mdfi-it is very cheap-I bought it between at .0073 and .008 and today it closed at .013.
I would not advise this type of stock though for anyone who does not have experience with the market though-one has to get in and out quickly if you catch my drift, and obviously you have to buy a lot to make it worthwhile.
The key is buying on dips and selling quickly on big rises-one needs a lot of patience and discipline and of course the key is to not to get too greedy-this stock can rise a lot in just seconds.
I am not sure I really answered your question thought, as this type of stock is more like spinning the roulette wheel or putting your money in a slot machine. lol
ps believe me in spite of today's success, I am way behind with this type of stock over the years.

Hitman

First move is to open a Roth IRA and put the money in the account. Most mutual funds require at least a $2500 investment. If you can get that amount, look at ICON energy, a mutual fund that invests in energy stocks. If you can't get another $1500 then here's my blunt advivce: QUIT FUCKING BETTING! You'll never win and the money you save can be put towards your future. Take my advice and stop betting, open a Roth and retire a very rich man. 2 low stocks to look at...mbrx and cytr. Do the research as you should do with any buy. Good luck!

cman69

i only bet football heavy. the bball plays i bet chump change on. im actually up a few hundred in football this yr believe it or not lol.

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cman69

im prob quittin betting after the superbowl

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ebro1278

You a student cman?

Hitman

I honestly hope you do but I doubt it. Let's us know your progress so we can do a group intervention when you slip.

Hitman

Their really should be a Wall Street forum on this site as it is a form of betting. Only problem would be that it will bring in stock hypers to get the uniformed to jump in a stock.

cman69

yea, and then hopefully employed next year lol

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ebro1278

Hopefully your company will have a 401-k. If they do, pound it as hard as you can. That will be the best way for you to save long term.

Put the $1,000 in a mutual fund that won't allow you access. Unless you are exceptional, you will need that $1,000 for other things in life that come up.

Good luck, you going service?

cman69

yeah 99 cents for a year's access to my plays.

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ebro1278

Pound your 401-k harder than you pounded the Vikes yesterday. You won't regret it

cman69

i seriously gotta stop chasin like that. im only betting 500 bucks on the superbowl im stayin disciplined.

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ebro1278

Invest it with D-man's roommates. They probably have some connections in Shanghai or Bombay.

cman69

Hahahahahahahahahahahahahahahahahahahahhahahahahaa hhahahahahahahahahahahahahahahahahahahahahahahahah ahahaah

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Dman3517

LOL! ITS THE PHILIPPINES ACTUALLY SIR

ebro1278

I laughed my ass off over that thread. Still laugh when I read it. My wife was wondering what in the hell was wrong with me. I told her it was business.

savage1

Add $500 to your original $1000, and invest your $1500 with Sebastian's "can miss" venture and get rich overnight in the casino of your choice-JUST KIDDING!!!!

bdragon

There are a few good stocks with a great yield on dividends. Take a look and study the company's history and outlook. A few i personally own are MO, BAC, GE, TRU, EGLE. They are fairly cheap right now. Don't invest in anything until you do some research and understand the company. I learned that from Warren Buffet, don't invest in anything you don't understand. I hope you leave gambling. Savage will probably agree with me when i say i learned a tough lesson on sports gambling in my early 20's. good luck young dude.

bdragon

hey ebro, which thread are you talkin about. i need a good laugh

savage1

I just re-read my post and I meant to say "can't miss"-it must be a Freudian slip when I said "can' miss venture, because you WILL fail with any venture and lose your shirt with any venture suggested by Sebastian.

Dman3517

its the Cman Bball Plays 2010 thread in the basketball section

bdragon

Thanks dude, you D-MAN

ATSTalk1

Invest it with Seabass lol

golden contender

Andy that you ?

Lyle Langley

Historically speaking, you have a better chance playing the slot machines in Vegas than buying a penny stock. Penny stock firms are bigger scammers than Sebastian and Lange combined.

Lyle

savage1

Truer words have never been spoken.
Sadly, there is not currently enough legislation with real teeth to deal with this industry.
I get shit in the mail and emails all the time telling me about how XYZ Drug Company or Mining Company selling at a fwew pennies will make you a filthy rich in the next few years and will go $10, $20, $50, $100, etc. a share before you know it.
All these guys do to cover their own scamming asses is to say that there are forward looking statements in what they say and thats it.
In the same vein I get calls on occasion from oil exploration companies telling me that they are not trying to push a stock, but that they want to send me some literature (Overnight Express) to look over proving how wonderful their company is and all of the can't miss oil sites which they currently own.
These guys aren't looking for just a few bucks for me or anyone to invest either-it is usually a minimum of 50K on up.
I usualy play the game for a while and listen to their spiel, and then politely tell them no thanks and then just hang up the phone.
I would venture to say that in well over 99% of cases, if anyone actually invests the 50K, they will never see it again.
I think putting an end to the scams like the ones mentioned should be a top priority-perhaps convicting more folks with stiff fines and jail sentences might serve as a deterrent.
ps A lot of these penny srock scamming companies are based on Denver.

cman69

kinda sounds like the movie "boiler room"

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Lyle Langley

IMO, buying stock in penny stocks that YOU research, is like buying a lottery ticket.

One of the largest scams in recent years was a gold mining stock in Canada offered by a company out of Las Vegas. I'm not sure of his name, I think Greg Shaker, of AAA Sports, at another forum went on and on and on about how great this "investment" was. He claimed to know the CEO of the company and was able to speak with him about the company.

Shaker was taken worse than anybody could have been scammed. Plus, he got a lot of people to invest a lot of money into a scam operation. Greg Shaker was the biggest idiot I have ever seen on the internet. He cost so many people so much of their life savings. Oh, the company was a scam. All of the "finds of gold and oil" were totally made up.

But, I know Savage has researched some companies. Do the work yourself like Savage does. Don't listen to a penny stock brokerage house. Don't listen to forums. Do your own work. Some companies do pan out. But it is a big, big long shot. But geez, so is betting on sports!

Lyle

Lyle Langley

Cman

There is a lot of good advice from a lot of people in this thread. I'm not slamming penny stocks entirely. You are at an age where you can take risks. There is nothing wrong in taking a long shot as long as you are not using money you can't afford to lose. Savage plays penny stocks but they are just a very small portion of his investment portfolio. A couple of friends of mine buy penny stocks but it is like a hobby trying to find the "next Apple" and they can afford to risk a little money. What's the difference between buying penny stocks and dummies like me who bet the Colts on the money line? lol

BOL.
Lyle

savage1

Lyle-Thanks for your informative posts.
I myself learned the hard way about penny stocks and lets just say that if I actually took the time to figure out what I am down in my life with these stocks, I am sure it is easily into the 6 figures.
Your comment about Greg Shaker reminds me of something that happened to me in the mid-late 90's:.
The owner of the Lockline Sports Service(it is still around- the lockline.com) touted a penny drug stock called Innovir Labs and stated that it was about as sure a thing as you could find and that his family and friends were all into it bigtime.
To make a long story short, I bought some and kept buying more as it headed south.
I and everyone else lost plenty as the entire investment went up in smoke.
I googled the company, and it looks like it is out of business as nothing has been written about it in years.
Like you say if you can afford to do so and want to fuck around with a penny stock and do some dd, you might get lucky but the odds are seriously against you.
If you do get lucky with one of these, my advice is to not to get too greedy and take the money and run and count your blessings!

savage1

Here's one I didn't invest $1000 in but to trade hopefully for a quick buck or two.
I just purchased just 100000 shares at .003 for $300.
If I lose it, no big deal.
I am hoping that the powers which be pump it, and perhaps I can make some money over the short term.
Obvioulsy there is a lot of bs in what they say, but many will believe it and hopefully for my sake push the stock price higher for a few days.

Universal Detection Technology Working with U.S. Department
of Commerce to Market Anthrax Detection Equipment in Canada

LOS ANGELES--(BUSINESS WIRE)--Universal Detection Technology (Universal Detection Technology OTCBB: UNDT Anthrax Detection) (OTCBB: UNDT), a developer of early-warning monitoring technologies and counter-terrorism training programs to protect people from bioterrorism and other infectious health threats, announced today that through its agreement with U.S. Department of Commerce's Commercial Service, the company is promoting its handheld assays, used for detection of up to five bioterrorism agents, in Canada. UNDT is to be listed as a Featured U.S. Exporter on Commercial Service's Canada website. Canada is the host of the 2010 Winter Olympics.
UNDT's 5-agent bioterrorism detection kits have been used extensively by first responders and private industry throughout the United States. Testing of the kits by the U.S. DoD as well as the United Kingdom military show that the kits demonstrate no cross-reactivity with near neighbor species and no false positives with commonly encountered "white powders". The kits are designed to test for anthrax, botulinum toxin, Ricin, plague (Y. Pestis) and SEBs in as little as three minutes.

"We've maintained a solid, growing relationship with the U.S. Department of Commerce, and have worked with them to expand our bio-weapons detection equipment offerings in many international markets, including France and South Korea; this listing with the U.S. Commerce Department gives us the opportunity to continue that growth in Canada, site of the 2010 Winter Olympics," said Universal Detection Technology CEO Jacques Tizabi. "UNDT also supplied its radiation detection equipment for the protection of sports venues at the 2009 Olympics in Beijing," continued Tizabi.

ps there is more to the press release but for some reason I am not allowed to copy and paste the rest.
I was thinking of buying some more, but I chose to be cautious for obvious reasons and because of my overall feelings which are shared by Lyle with speculative companies like this.

cman69

so how would you play this. just ride it out til it goes bust right? if it hits 0 so be it. but say it hits like .009 or something are you selling it then? or how long you waitin to sell back??

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