THE FORUMS

May 24th, 2017
STOCKS!!!
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#31

pullnow

Respected Member

Join Date: 07/03/2012 | Posts: 478

COurage- Do you mean a dcf? (discounted cash flow). And try to stick away from technical analysis. It's a bunch of bs for the most part "riding trends bro".  There are many different valuation techniques for different securities.

Seahorse- Fantastic books, I've read most of them. Did you know Margin of Safety is a $10,000 book? At my last internship I was reading it online and came back to my comp and it read "document printed". Not a good day but I ended up with a paper back edition. Not too shabby.
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#32

pullnow

Respected Member

Join Date: 07/03/2012 | Posts: 478

I would focus on fundamental analysis. Become a 10k and 10q ninja off of edgar.
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#33

pullnow

Respected Member

Join Date: 07/03/2012 | Posts: 478

Here's the shareholder letter that puts value investing in simple terms as well as VERY basic fundamental analysis. It's by Tweedy and Browne.   http://www.tweedy.com/resources/library_docs/papers/WhatHasWorkedInInves...
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#34
Courage

Courage

Trusted Member

Join Date: 09/22/2006 | Posts: 2444

So different people value companies different ways? There is no one right answer?
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#35

pullnow

Respected Member

Join Date: 07/03/2012 | Posts: 478

Courage- Yes, there are many ways to value a company. Say for insurance companies since you want to include investment income since that is a heavy source of their revenue you would use the embedded value valuation. For others you can do Benjamin Graham;s classic intrinsic value formula. Most people do a dcf with like a 3% perpetuity. It all depends on your investing philosophy and what you think drives the growth or return on invested capital. I'm a fundamentals guy myself.
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#36

pullnow

Respected Member

Join Date: 07/03/2012 | Posts: 478

There is never a right answer, especially when you're making your assumptions on your forecasts. It's like 15% objective and 85% subjective.
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#37

sucker4love

Trusted Member

Join Date: 04/12/2010 | Posts: 1374

Hey idiots, It's called RIMM.
Hot Fuzz wrote:

Twolife wrote:
 Invest in RIM.
lol i live in Waterloo Ontario (RIM headquaters), shits going down son.
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#38

Billy Murphy

Junior Member

Join Date: 07/17/2012 | Posts: 6

 Peter Lynch wrote some good books on the subject.  Don't take shortcuts, read a lot first
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#39

NoWayOut

Senior Member

Join Date: 08/31/2011 | Posts: 173

dont go into the stock market even if you read everybook, warren buffet will slit your throat and take ur money otherwise the HFT traders will.

start something like a company its a better investment and if it fails you learned something

dont invest in stocks you will get screwed 
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#40

pullnow

Respected Member

Join Date: 07/03/2012 | Posts: 478

NoWayOut- In an honest sense you're correct. I essentially  beat off to securities and have represented my university in several graduate level competitions as an undergrad as well as had two internships. It takes a very long time to understand how the securities world works. I do think if you read and pay very careful attention you could invest somewhat well and grow over time. I still think people should mess around with simulated accounts.
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