Shouldnt I invest in AIG?

[cuddlesthesheep]

Considering the shit is mad cheap now. less than 4 dollars a share. And with the bailout coming shouldnt this shit only be able to go up?

Correct me if im wrong but damn seems like i should invest mad money into AIG

[stiizy]

I was thinking the same..

Waiting for my girl to tell me if it'll be a wise choice or not

i only want like 1-2 hundred shares

[TheWolf]

if you don't understand if you should invest or not then you shouldn't. The "why" is what differs between an investment and gambling. When the housing market was going crazy, I had a friend who dipped his house and his retirement to go daytrading. He did quite well for a while and then he discovered margins. He did even better and then lost it all. Now he owes 400k on a 300k house and has no retirement.

[stiizy]

yeah but putting out less than a thousand for a couple hundred shares aint bad...

[The ROMAN]

The idea is not to invest what you cannot afford to lose. If you have some extra dough, buying cheap might not be a bad idea. I'm waiting on feedback for a couple stocks as well.

[stiizy]

^^ Very true....

I'm actually talking to my girl and her boss right now if this would be wise or not

[BustedS13]

there's a pretty simple strategy to buying stock.
if you see a news article mentioning a company, and that makes you think "i should buy stock", don't buy stock. because everybody else on the planet is thinking the same thing. and you'll just get fucked.

trading is a lot like being some indie music douche. except in the end you're awesome instead of some dork with a computer full of shitty music.

[flclsteve]

going agiants the trend is best for short term gains

[shmiddy]

go 4 it. at only 4 bucks a share..... its not that bad...

think about it like this

spend 1000 on shares and if shit takes a dump big deal if it sky rockets your a rich man

[brndck]

kinda related, and also funny
Forward Du Jour:

If you had purchased $1,000 of shares in Delta Airlines one year ago, you will have $49.00 today.

If you had purchased $1,000 of shares in AIG one year ago, you will have $33.00 today.

If you had purchased $1,000 of shares in Lehman Brothers one year ago, you will have $0.00 today.

But, if you had purchased $1,000 worth of beer one year ago, drank all the beer, then turned in the aluminum cans for recycling refund, you will have received a $214.00.

Based on the above, the best current investment plan is to drink heavily & recycle. It is called the 401-Keg.

A recent study found that the average American walks about 900 miles a year.
Another study found that Americans drink, on average, 22 gallons of alcohol a year.
That means that, on average, Americans get about 41 miles to the gallon!
Makes you proud to be an American.

[1ZlowZ]

I'm 16 I plan on putting my 200$ on something since most of the stuff is so cheap... Maybe I'll get lucky... Tips? =]

[Gnnr]

kinda related, and also funny

Haha, funny. :D

[ESmorz]

trading is a lot like being some indie music douche. except in the end you're awesome instead of some dork with a computer full of shitty music.

You should be an economics professor. :keke:

I would say this is kind of a good sign for the market. With everything so low, I know TONS of people who would normally never even think about trading pouring money into the market.

[The ROMAN]

I'm 16 I plan on putting my 200$ on something since most of the stuff is so cheap... Maybe I'll get lucky... Tips? =]

I'd say pick up a nice general book on beginner trading and make use of free tools and analysis on trading websites. I've been out of it for years, so I can't really recommend anything in particular, though.

[TheWolf]

With everything so low, I know TONS of people who would normally never even think about trading pouring money into the market.

This is called speculation see also gambling...

[1ZlowZ]

I got a couple questions I don't want to thread jack just PM me or something please. I don't want to invest the 200$ I want to invest 50$ Is that possible? If so, if the stocks drop will I owe money? If they rise will how do I make money? What would you recommend of investing will AIG as you guys said be a good bet? Also, can I do it since I'm just 16?

[SimpleS14]

I got a couple questions I don't want to thread jack just PM me or something please. I don't want to invest the 200$ I want to invest 50$ Is that possible? If so, if the stocks drop will I owe money? If they rise will how do I make money? What would you recommend of investing will AIG as you guys said be a good bet? Also, can I do it since I'm just 16?

To answer your questions very briefly....

You don't owe money until the stock drops a significant amount, even then your broker would sell your shares to compensate before you're in negative equity. You can put in $50, but don't expect huge gains in a short span of time. You gain money when the price of the shares increase vs. the price you bought them at (the difference in the two prices is your gain or loss). You sell the shares and transfer the funds to your bank...but remember its income you have to file when you do taxes. I don't if there is an age limit on when you can trade as a common shareholder.


Buying AIG is more along the lines of a gamble and I only suggest it if you have money to burn and the price drops lower than $4

[ESmorz]

This is called speculation see also gambling...

Yeah, but the Casino will make a killing.

:keke:

[The ROMAN]

Trading isn't free. When I was doing it, it was $30 per trade, so with $50 it's not really worth it (unless it's come down a lot since then, I think there is 9.95 deals but with stuff attached to them, or monthly rates). Another option is you could just fantasy trade, do some research, decide on a stock or few and watch it.

[ScottMan]

Here's my opinion...I believe that even if the bailout comes, AIG will liquidate it's profitable arm(s) and rebuild. If that's the case, AIG stock will not go up enough to make it worth your while, at least not for longer than a day or two.

This is not advice, nor opinion on the financial standing of the company.

Blah blah blah...



The ROMAN: Online trades are MUCH cheaper now. Check it out.

[Gnnr]

If you go out and blindly pick stocks without doing any sort of research, that is gambling.

Lets break it down.

What is investing?

Well, basically you are buying a piece of a company.

Its just as if a friend or family member comes up to you with a business idea, you look at their business plan, model, capital, etc. and then you make an informed decision on whether you think his plan is a good idea, and a worthy candidate of your money. If you do give him money you will make an agreement in which he will later repay you with a % of his earnings. Your money works for you.

Yes, a lot of times it is gut feeling, a hunch, or luck. But if all your investing is like that, you wont get far.

[norcal_black240]

Buying really cheap stocks is like gambling. Most likely you will loose money but if your lucky you will make a lil profit. If you want to see actual gains and profits with your money stick with a solid company or invest your money in a good mutual fund. Look at Fannie Mae, it closed at $1.56 today 5 years ago it was doing a ton better.

I'm actually considering buying GE stocks. Prices are pretty low on it right now it closed at $22.15 today, it is a very diverse company I also heard that warren buffet is going to invest some money in the company but that don't really matter much.

[OptionZero]

should you ask for stock advice on zilvia.net...?

[SoguRacing]

I've been investing in these stocks for the past 2 weeks since i saw the big drop in prices..Fannie Mae and AIG. i've got about 2200 in my scottrade account now up from 1800 about a week ago from buying and selling Fannie Mae..I dropped out of them about 4 days ago after I made 350. I bought AIG this morning at 4.17 as it was going up then dropped to a close at 4.00. I'm anticipating it to go up tomorrow and make a few hundred bucks. just make sure to wake up and be online at 6:30 in the morning when the market opens. personally, i'm still learning and have the extra funds to take risks.

[stiizy]

I'm buy 200 shares... i'll sit on it for a while and even if it flops it's only 800 dollars...

[shmiddy]

I'm buy 200 shares... i'll sit on it for a while and even if it flops it's only 800 dollars...

smart man :snoop:

[stiizy]

^^ Gotta pay to play right?

Not gonna win all the time...

I'll just look at as buying a set of winter Rotas and they cracked due to shitty streets..:keke:

[Future240]

Hmm stiz that makes sense, my broke ass cant afford 800 dollars worth, but I can throw in a lil bit

[stiizy]

^^ Dude even 4bills and buy like 100 shares and it's still aint shit...

[SoguRacing]

so far it's up 10 percent from yesterday.

[Future240]

^^ Dude even 4bills and buy like 100 shares and it's still aint shit...


Yea i am cheap bastard though, so its hard to convince money out of my wallet

[stiizy]

^^ I feel ya but if it doesn't flop thats some serious cash right there

[SoguRacing]

ok so $400 buys 100 shares and it's up 10% today and it takes $7 per transaction so total amount made was...$26 Yea, that's a lot of serious cash

[stiizy]

^^ it's only been a day i'm leaving my money in for a while....

26 dollars aint shit...

that won't even buy lunch but thanks for being sarcastic and not a dumbass like the rest of them

[SoguRacing]

^^ it's only been a day i'm leaving my money in for a while....

26 dollars aint shit...

that won't even buy lunch but thanks for being sarcastic and not a dumbass like the rest of them

hehe:keke: should have bought into Wachovia last night :-/.
no problem man. i'm up 200+ today heading back to bed shortly after i set my limit order.

[stiizy]

hehe:keke: should have bought into Wachovia last night :-/.
no problem man. i'm up 200+ today heading back to bed shortly after i set my limit order.

My girl is a FA for Wachovia Securities so we got some cash in that :bow:

I got into the Financial world because of her before it was all who gives a fuck to me :keke:

[SoguRacing]

If I were here I'd pull my stocks out of Wachovia today..or now to be safe. an 80 percent return over night isn't bad at all. haha. I would assume it would drop monday then you can reinvest.

[stiizy]

If I were here I'd pull my stocks out of Wachovia today..or now to be safe. an 80 percent return over night isn't bad at all. haha. I would assume it would drop monday then you can reinvest.

She was talking about something like this earlier, i leave it all to her i just throw my money in and pull out haha

[blueshark123]

She was talking about something like this earlier, i leave it all to her i just throw my money in and pull out haha

haha i need a girl that can make money for me in a legal way that is lol

[stiizy]

^^ haha i feel you on that, she's my hustle

[Osmosis]

Dude on another forum I'm on bought Lehmann at 0.16 and sold at 0.37 and made 2 g's. Penny stocks are where it's at. I made $1000 buying stocks of CYD (China Yuchai) at .20 and sold at .35 when I was 16 lol

[stiizy]

^^ I'll look into that penny stocks it sounds good

[SoguRacing]

Dude on another forum I'm on bought Lehmann at 0.16 and sold at 0.37 and made 2 g's. Penny stocks are where it's at. I made $1000 buying stocks of CYD (China Yuchai) at .20 and sold at .35 when I was 16 lol

you're making it sound easy. what about all those times you lost money. those times people never speak about. penny stocks will make you or break you. I prefer a bit of a pillow to fall on and not losing my investment in 5 minutes because it dropped 3 cents.

[drift freaq]

should you ask for stock advice on zilvia.net...?

Honestly? HELL NO! and I applaud you Option for pointing this out. LOL

People should not invest in stocks, if they have not studied researched and learned, what investing in stocks takes and means.

Investing in the stock market is not for everyone or the average Joe. If it was the average Joe would have a lot more money. This is not a put down. This is a fact, It takes knowledge, skill and brains to successfully navigate the stock market and make money doing it. Thats why we have investment houses and stock brokers. These people do this for a living and know quite a bit more than the average investor.

I am not saying you cannot learn how to do it and do it successfully. You can, if you want to devote the time and effort, and are good at it.
I will say this,before you go investing in any company, you need to study and learn their balance sheets,earning reports and those things over a period of years to accurately gauge the investment worthiness of that company.

In a nutshell, most people here are not going to have the information to tell the OP if it wise to invest in AIG. I am not saying all because we do have a few Wall street people on the forum,but for the most part Zilvia is not the place to come for stock market advice or investment advice.

[ALTRNTV]

I don't think Zilvia is the place to go for any advice, except
car-related, but even that's a stretch.

:keke:

[SoguRacing]

i would agree, but can't help but to cough something up on the topic.

[Vision Garage]

What about spitting game and the hustle simoun? haha. So should we not take that advice also? haha. I KID!!

[Gnnr]

Warren Buffet knows whats up. Buy low, sell high.

Deal Journal - WSJ.com : If You Want Warren Buffett, First Call Goldman Sachs (http://blogs.wsj.com/deals/2008/10/02/if-you-want-warren-buffett-first-call-goldman-sachs/)

[drift freaq]

Warren Buffet knows whats up. Buy low, sell high.

Deal Journal - WSJ.com : If You Want Warren Buffett, First Call Goldman Sachs (http://blogs.wsj.com/deals/2008/10/02/if-you-want-warren-buffett-first-call-goldman-sachs/)

Warren Buffet is a investment Genius! He also has billions of dollars to invest which gives him a market advantage.