written by reader Starter stock recommendation?

By hgpark888, May 3, 2013

Hello :)
My name is John and I am from Canada.
I have been greatly interested in stock investing and I have been keeping a simulation account for about 6 months in TSLA, BNS, SWY, MCD, INTC, SAND and few other stocks and it has performed relatively well.

And now, as I have recently graduated and started working I was able to save up and spend about $4000.00 to invest in stock market.

But contrary to spending cyber money on simulation account, I am very cautious about which stocks I should ”actually” start buying or look into.
I am leaning towards buying dividend stocks for first 2 years to establish some grounds first.
I have been keeping keen eyes on stock gumshoe and Travis is great! but, it would be great if I could gather some ideas from fellow investors as it would help young investor to start in a right way.

Currently, I have opened RRSP account through Questrade which is optimized for US Dividend Stocks.

Any advice for beginner investor would be greatly appreciated :)


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bbowie
Irregular
May 3, 2013 4:39 pm

Question do you know anything about stocks or are you just randomly picking them ?

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bilklb
Member
bilklb
May 6, 2013 6:01 pm

I would recommend reading everything free that Motley Fool has to offer. Great learning tool. You might want to learn about Exchange Traded Funds (ETF) also. They are a good way to diversify. Another great source of learning is DecisionMoose. He is a former undersecretary of the treasury under Reagan. He charges about $26 per year for analysis. For the last month or so, he has recommended staying in cash right now. I agree.

I have been trading Forex and futures for about 5 years now. It is a great way to lose all of your money, but you can learn how to do it successfully. Babypips.com has a great free course that teaches the basics. Eminiaddict.com is a great teacher. He charges about $39 per month to watch him trade futures live via webcasts that he does daily. You can try it out for one cent for a week.

I lost a lot of money trading forex when I first started. It took me years to become profitable, but after 5 years, I can consistently pull money out of the market.

I am retired so I have a lot of time. There is a lot to learn in Forex. Unless you can treat it like a 9 -5 job, it is probably not for you. Motley Fool is the group I would follow. Get everything free that you can from them. Use the gumshoe to figure out things they don’t reveal.

Good luck.

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kpgtown
Member
May 6, 2013 9:28 pm

Hi John.
Bil Klb is right on just about everything he said in regards to motley and etf’s. I also read the IBD and implement it’s canslim philosophy. I like your ideas about investing in dividend paying stocks. I think its a great way to get paid for buying a well researched stock and if kept long enough, it’ll cut your cost of said stock while letting you build up cash via dividends. Too me It’s like getting paid twice. Once when you sell (hopefully you bought low and sold high) and everytime a dividend is paid out. I just like the idea of my stocks paying me for owning them. BTW, use the gumshoe to to slueth out unrevealed stocks, just like bil klb said. That thinkolater is pretty accurate. You’ll do well if you follow these guidlines and stick to a investment philosophy.

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blue5
Member
blue5
May 7, 2013 6:50 am

John,
I recently watched my Valero stock (VLO) get hammered with virtually the entire refinery/energy sector. I defy anyone to explain why! Markets are being manipulated by our Administration, especially the Fed and the mega-monopoly banks are pooling resources to push long and short positions, hedges and especially the values of gold and silver. In reality Europe is Bankrupt yet their World Bank leaders are leading our administration to disaster.

With Socialism bastardizing the markets no sector is safe from graft and corruption. You have two choices for survival: Learn all the dirty tricks and get a massive education in trading or Take-the-gaspipe!

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Travis Johnson, Stock Gumshoe
May 7, 2013 11:38 am
Reply to  blue5

In the short term, jolts and jumps happen — but Valero has doubled over the last year. That makes holders sensitive about bad news and eager to take some profits, even if the valuation is still quite reasonable (as it is for most refiners). Narrowing spreads — or at least fear of narrowing spreads — is given for the reasons that VLO has had an analyst downgrade or two. The market is crazy on any given day or week or month — there’s obviously a huge government interference in the form of interest rates, which are doing their level best to push all investable dollars into equities, but you don’t need a socialist conspiracy to drive stocks or sectors up or down by 10-20% in the short term.

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Naquadah
Irregular
Naquadah
May 7, 2013 5:48 pm

If you are interested in Dividend stocks check out the Dividend & Income section of Seeking Alpha. You’ll have to separate the wheat from the chaff but there are some excellent articles that go over what you should look for.

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Brandon
Guest
September 12, 2013 1:02 pm
Reply to  hgpark888

Check out watchhimtrade.com

The guy there provides play by play on the stock market live in real time thru a video fee. It’s like watching your favorite sports team and getting analysis of the plays being ran. Really cool service.

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