Does anyone invest?

miller8966
miller8966 Posts: 1,450
edited December 2006 in A Moving Train
Im recently gotten into making a few investments. Besides my 401 k i have a Roth Ira with oppenheimer and a 1000 5 month cd from the bank. Im looking to make some other investments ( maybe with fidelity) and am just wondering if anyone here has any experience in the field.

Currently im reading : rich dad poor dad...good book by the way.
America...the greatest Country in the world.
Post edited by Unknown User on
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  • mammasan
    mammasan Posts: 5,656
    miller8966 wrote:
    Im recently gotten into making a few investments. Besides my 401 k i have a Roth Ira with oppenheimer and a 1000 5 month cd from the bank. Im looking to make some other investments ( maybe with fidelity) and am just wondering if anyone here has any experience in the field.

    Currently im reading : rich dad poor dad...good book by the way.

    I have some money tied up in investments. 401(k), mutual funds, and some blue chips. I don't really play the market, I'm in it for the long haul. Most of the blue chips I own aresimply becausethe company I was working for at the time offered the stock to their employees (MetLife, Pfizer, Omnicom, and Publicis Groupe).
    "When one gets in bed with government, one must expect the diseases it spreads." - Ron Paul
  • yosi1
    yosi1 Posts: 3,272
    miller8966 wrote:

    Currently im reading : rich dad poor dad...good book by the way.

    I hear that's a great book.
    you couldn't swing if you were hangin' from a palm tree in a hurricane.
  • miller8966
    miller8966 Posts: 1,450
    yosi wrote:
    I hear that's a great book.

    Yea it is...especially when he talks about how people just invest in their 401 k's and make no other investments.

    And the difference between dc and db contributions.
    America...the greatest Country in the world.
  • know1
    know1 Posts: 6,801
    I have fully funded 401Ks and Roths. I'm looking to branch out into different types of investments in the next year or so.
    The only people we should try to get even with...
    ...are those who've helped us.

    Right 'round the corner could be bigger than ourselves.
  • qtegirl
    qtegirl Posts: 321
    mammasan wrote:
    (MetLife, Pfizer, Omnicom, and Publicis Groupe).
    I suggest you unload your Pfizer stock
  • flywallyfly
    flywallyfly Posts: 1,453
    I'm in the Carlyle Group so I'm doing fairly well with my investments the last 6 years. Just kidding of course (or am I.....).
  • mammasan
    mammasan Posts: 5,656
    qtegirl wrote:
    I suggest you unload your Pfizer stock

    Why?
    "When one gets in bed with government, one must expect the diseases it spreads." - Ron Paul
  • qtegirl
    qtegirl Posts: 321
    mammasan wrote:
    Why?
    Because the company seems to be in trouble. They announced a 20% reduction in their sales workforce and also, their latest drug was yanked out of clinical trials because it apparently caused more deaths instead of saving lives.
  • onelongsong
    onelongsong Posts: 3,517
    miller8966 wrote:
    Im recently gotten into making a few investments. Besides my 401 k i have a Roth Ira with oppenheimer and a 1000 5 month cd from the bank. Im looking to make some other investments ( maybe with fidelity) and am just wondering if anyone here has any experience in the field.

    Currently im reading : rich dad poor dad...good book by the way.

    the best investment going is land. second is gold. with solar technology; rural land is good. especially large parcels which can be divided. land i bought at $500 USD/acre last april is now worth almost $3,000/acre. gold is good to have; especially if you need to disappear. (it's no crime to disappear). you can sell it almost anywhere. don't buy the jewelry because you're paying for labor and craftsmanship. coins and ingots are best. i live in an area where gold is easily found in streams and dry washes. nature walks can be quite profitable.
  • mammasan
    mammasan Posts: 5,656
    qtegirl wrote:
    Because the company seems to be in trouble. They announced a 20% reduction in their sales workforce and also, their latest drug was yanked out of clinical trials because it apparently caused more deaths instead of saving lives.

    Well I purchased Pfizer about 7 years ago for $36 a share. About a year after I purchased it the stock under went a 3 for 1 split. So I tripled the amount of shares I owned and I'm still up a shit load on it. I will die owning that stock.
    "When one gets in bed with government, one must expect the diseases it spreads." - Ron Paul
  • onelongsong
    onelongsong Posts: 3,517
    mammasan wrote:
    Well I purchased Pfizer about 7 years ago for $36 a share. About a year after I purchased it the stock under went a 3 for 1 split. So I tripled the amount of shares I owned and I'm still up a shit load on it. I will die owning that stock.

    my grandfather bought walgreens stock the day it opened. thousands of shares to be sure. it brought him millions. but i don't trust the market in these times. over the last 30 years machines have replaced people in almost every occupation. machines are basically more reliable. with robotics coming in at a fast pace; people won't have money to buy products. when a company can't sell it's products; it folds.
  • mammasan
    mammasan Posts: 5,656
    onelongsong wrote:
    my grandfather bought walgreens stock the day it opened. thousands of shares to be sure. it brought him millions. but i don't trust the market in these times. over the last 30 years machines have replaced people in almost every occupation. machines are basically more reliable. with robotics coming in at a fast pace; people won't have money to buy products. when a company can't sell it's products; it folds.

    I know Pfizer is having a hard time now, but the same thing happened prior to their launch of Viagra and Lipitor. Pharmacuetical companiesarea great stock to own simply because people will always need medications.
    "When one gets in bed with government, one must expect the diseases it spreads." - Ron Paul
  • onelongsong
    onelongsong Posts: 3,517
    mammasan wrote:
    I know Pfizer is having a hard time now, but the same thing happened prior to their launch of Viagra and Lipitor. Pharmacuetical companiesarea great stock to own simply because people will always need medications.

    why do we always disagree? i actually like you! chemical companies mostly try to reproduce compounds found in nature. scientists are trying to reproduce the CLAs found in bison meat to cure cancer. the difference is a pill can be regulated to a more precise dose.
    the US will have to move towards socialized medicine. in countries with socialized medicine; medicine is much cheaper. then we have generic drugs which most people prefer.
  • porchdweller
    porchdweller Posts: 228
    Consider ETF's (ishares) before using Fidelity or another mutual fund company. ETF's are more tax efficient, you can option them, set limit and stop orders as well. Plus buy and sell just like stocks with commissions opposed to sales loads. I do this for a living so if you have any questions PM me or put them on here and I'll try to answer them. One i've been using for about a year is FXI (china fund, be careful).
    "That's part of the curse: If you're gonna play the song, you better play it. I've tried to phone in "Jeremy" a few times, and it's tough. It doesn't work."

    EV
  • mammasan
    mammasan Posts: 5,656
    onelongsong wrote:
    why do we always disagree? i actually like you! chemical companies mostly try to reproduce compounds found in nature. scientists are trying to reproduce the CLAs found in bison meat to cure cancer. the difference is a pill can be regulated to a more precise dose.
    the US will have to move towards socialized medicine. in countries with socialized medicine; medicine is much cheaper. then we have generic drugs which most people prefer.

    When and if the US ever decided to move to socialized medicine, which I do hope for, I will unload my Pfizer stock. I don't agree with everything that Pfizer does but unfortunetly I have to be concerned about my retirement. I can't depend on Social Security like previous generations where able to do. I need to save upfor my retirement so I will not have to make the difficult decision between eating or shelter. The stock hasbeen doing good for me and until I see otherwise I will keep it regardless of the way I feel about the pharmaceutical industry.
    "When one gets in bed with government, one must expect the diseases it spreads." - Ron Paul
  • onelongsong
    onelongsong Posts: 3,517
    mammasan wrote:
    When and if the US ever decided to move to socialized medicine, which I do hope for, I will unload my Pfizer stock. I don't agree with everything that Pfizer does but unfortunetly I have to be concerned about my retirement. I can't depend on Social Security like previous generations where able to do. I need to save upfor my retirement so I will not have to make the difficult decision between eating or shelter. The stock hasbeen doing good for me and until I see otherwise I will keep it regardless of the way I feel about the pharmaceutical industry.

    hey; we agree!!! social security is enough to starve slower. i'll probably dump the inherited walgreens stock at the first workable socialized medicine plan though. with walmart offering $4.00 Rx's; i see the chemical companies needing to move in a different direction.
  • know1
    know1 Posts: 6,801
    porchdweller wrote:
    Consider ETF's (ishares) before using Fidelity or another mutual fund company. ETF's are more tax efficient, you can option them, set limit and stop orders as well. Plus buy and sell just like stocks with commissions opposed to sales loads. I do this for a living so if you have any questions PM me or put them on here and I'll try to answer them. One i've been using for about a year is FXI (china fund, be careful).

    I had someone mention ETFs to me recently as well. In the little bit I looked into them, they didn't seem to be for me, but my research was hardly exhaustive.
    The only people we should try to get even with...
    ...are those who've helped us.

    Right 'round the corner could be bigger than ourselves.
  • miller8966
    miller8966 Posts: 1,450
    Can you give me linsk to research ETFs
    America...the greatest Country in the world.
  • know1
    know1 Posts: 6,801
    miller8966 wrote:
    Can you give me linsk to research ETFs

    http://www.google.com
    The only people we should try to get even with...
    ...are those who've helped us.

    Right 'round the corner could be bigger than ourselves.
  • onelongsong
    onelongsong Posts: 3,517
    know1 wrote:
    http://www.google.com

    that's funny. i like that.

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