I’m starting with $50,000 and going to be buying 5 stocks all for about $10,000 each. One of the places I go to find stock picks is Jim Jubak’s Journal on MSN.com. I have been following him for years and he seems to give the most reasoned opinions including admitting when he is wrong.
The first stock I am buying (I actually already bought it on 8/22/07) is Maxwell Technologies (MXWL) and I am down a little so far. I will ignore the $9.95 per trade fee (E*Trade) I am assessed as that amount is insignificant to the dollar amounts. I could prove that I am actually buying the stocks by making screen prints of my account and blackening account numbers out. That is, however, something I just don’t want to deal with and some people would not believe that as proof anyway.
8/22/07 750 shares Bought MXWL $12.85 $9,637.50
You might want to try out (deleted by DayJobNuker)
Absolutely free stock trading.
You say you don’t care about the trading fee, but it can add up. And you don’t want the trading fee to influence whether you buy or sell at a specific time, which it will, subliminally, whether you mean for it to or not.
This has nothing to do with who I use or what the fee is. That is irrelevant. It is about what stocks I choose to buy.
Check out the Vice Fund “VICEX”…the manager only buys alcohol, casino and tobacco type stocks. Up almost 10% since I bought some in early June. I think there is a 6 month hold requirement.
Did you get out of your MXWL position without too much of a beating?
Nope, unfortunately I still have it