(800) 853-2651
SHOP NOW

Stocks

W

wi_buff_farmer

Member
I know just the other day people were talking investments and guns. What stocks do you guys like? i like a smaller bio-tech that has a promising future. opko owned by a billionaire dr. I have bought in around 7.50 for the long hold. It hit 19.00 last year and back down to 10.00. Very promising future on it!

A friend of mine keeps telling me his broker tells me hailliburton! even in a depressed oil market because of the baker hughes merger??
 
I'm with tru son,,Cash....In my lock box,,,I have watched way too many people ( mostly older Folks) loose all they had worked their whole life for. in bad investments that were described as "Very promising future on it!" .No thanks for me....
 
I used to hold a lot of cash along with a smaller stock portfolio. The reason was that I was looking at land and could not afford to have a large sum in stocks that was depressed at the same time the land prices were down. So I kept cash. I took a beating on it also. Watched my stocks grow steadily over the long term while the banks paid me next to nothing on my cash holdings. I prefer stocks held for long term investment. I hold a lot of different companies, all picked by me without recommendation from anyone. I looked at a broad group and picked from many different industries without going heavy into any one...diversified. Max into any one stock was $2000. Some of these are worth tens of thousands now from dividend reinvestment, splits, etc. I have been doing peoples taxes long enough to have seen the years when mutual funds were smoking hot and then again the years where many of them closed their doors and we wrote them off. They are not a guaranteed win. I would never buy a stock based on someone's opinion. I come up with my own. The only recommendation I would make is to not keep currency type cash in a box. Too easily stolen and it goes down in value every year it is in there.
 
It hit 19 and you didn't unload it. Don't fall in love with a stock . Been there done that with those small pharmas. That one spiked on a deal with Pfizer. A lot depends on FDA approvals. I'm my experience they usually don't shoot back up. Check out Walkers Guide to penny stocks for risks and rewards.
 
"Cash" for me....anything else can become worthless in a moments notice,,and so can the cash, but it would happen letter..
 
A few stocks, a little livestock, a few yellow coins, a little land, some rentals, and a few seller financed mortgages. A six legged table is pretty solid. buying depressed properties and selling them while carrying the mortgage yourself has been the most productive for me.
 
I agree with Dalex!!! Low service fees. The only Investment people I listen to are the ones who don't get a -Apiece of the rock- they are trying to sell you!
Led
 
Oil stocks look cheap to me right now. Don't know how long before they recover. Can't see them staying this low for an extended period of time.
 
My retirement accounts are invested in stocks of fortune 500 companies and stock broker invests in companies that makes a steady return ever year. During the past two slow downs I lost money but broker had what was lost plus some made back in 4 months. Broker only invests in companies that show good performance over a 10-15 year period of time no high risk companies.
 
My broker recommended energy stocks. Down 10% for the year. He too said it has to come back up in time. Good thing I only put a little money there. However when it comes to a loss can be turned into a profit.

In 2008 one of my investments was down 50%. I sold it, took $45k loss. Invested remaining money back in the market, different stock. It's back to where it was pre 2008. Each year my CPA can write off $3k loss on my taxes. For me that transulates into about $1000 a year I'm not paying in income taxes. So a loss can have some advantages, just can't put your money back in the same stock you sold for 90 days.

Talk to your CPA, a capital loss can be taken off your taxes at $3k a year. So if you are not happy with your stock, sell it for a loss and re-invest in something different.
 
Stock gives you a 3-5% dividend and you are basicly 95% leveraged or the company you have invested is. Would a bank do business with you in that position? I like black dirt but I am long assets and short cash. But I think it is better than cds by far.
 
You must log in or register to reply here.
Tractor Parts Tractor Manuals

We sell tractor parts! We have the parts you need to repair your tractor - the right parts. Our low prices and years of research make us your best choice when you need parts. Shop Online Today.

Copyright © 1997-2024 Yesterday's Tractor Co.

All Rights Reserved. Reproduction of any part of this website, including design and content, without written permission is strictly prohibited. Trade Marks and Trade Names contained and used in this Website are those of others, and are used in this Website in a descriptive sense to refer to the products of others. Use of this Web site constitutes acceptance of our User Agreement and Privacy Policy TRADEMARK DISCLAIMER: Tradenames and Trademarks referred to within Yesterday's Tractor Co. products and within the Yesterday's Tractor Co. websites are the property of their respective trademark holders. None of these trademark holders are affiliated with Yesterday's Tractor Co., our products, or our website nor are we sponsored by them. John Deere and its logos are the registered trademarks of the John Deere Corporation. Agco, Agco Allis, White, Massey Ferguson and their logos are the registered trademarks of AGCO Corporation. Case, Case-IH, Farmall, International Harvester, New Holland and their logos are registered trademarks of CNH Global N.V.

Yesterday's Tractors - Antique Tractor Headquarters
Website Accessibility Policy

Back
Top