Welcome to StkyTreat

[New-born baby]

Originally Posted by skiracer

If he sells those shares he'll burn through that money like Grant thru Atlanta.
It'll be a new car, clothes, babes, and stocks. Hey that doesn't sound to bad at that.

Ski,
Grant never went to Atlanta. Really.

Sherman did go to Atlanta, but not exactly in a hurry. The campaign took months.

[Lyehopper]

Originally Posted by jiesen

I just wanted to welcome our newest member StkyTreat to the forum- I invited him over from the BRKA board. He's apparently a high school kid who's just inherited 2 shares of BRKA from his granddad and so he now wants to learn something about investing. Please everyone, make him feel welcome here!

So where is this kid?....

My advice in Eleven (11) simple steps.... You're what?.... 18?....19?

(step 1) Leave the freakin shares ALONE!!!!.... pretend like they don't exist AT ALL!!!!

(step 2) Get a job, work hard, become an asset to your company (or your customers.... if you happen to go in business for yourself).

(step 3) Save your money.... and NEVER, EVER buy a "new" vehicle.lol

(step 4) Once you've saved $10k open an online brokerage account (marginable) You should be 20 yrs old by now. Play the POTW each week.hehe

(step 5) invest in a stock that you have done much research on.... ask the fellas here what they think about your pick and your entry timing. Become a student of the market. Don't buy stocks on a "tip".... Again!!! do very thourough research on your own.

(step 6) Continue to work very hard and save your money.... fortify your brokerage account. Diversfy your holdings. You should be 23 years old now.

(step 7) realize your losses are simply "tuition".... paid to the stock market school of hard knocks. Every good education will cost you money. Learn from your mistakes and live by a set of strict trading rules.

(step Learn to sit in cash from time to time and wait for an "opportunity".... By now you should be making some money in the market.... You are now 25 years old.... Continue to trade hard and smart.

(step 9) Turn 30 years old.... NOW you can remember you have the BRK-A shares dude, do with them as you see fit, by now you won't need advice from us.... Plus by now your brain will have started to solidify.lol

(step 10) You are now 43 years old.... You are a fine, responsible husband and father, You own Real Estate, Your holdings are vast and you have invested wisely.... You are thinking and planning about what wealth you might leave YOUR children and grand children some day....

(step 11) Then you go out one afternoon and just buy (with cash) a "bran-stinkin-new" John Deere 6420 4x4 Cab tractor with Heat and Air Conditioning.... and a front end loader.... OR a HUUUUGE BLACK, fat, shiney Harley Davidson Road King with so much chrome it'll blind you if the sun hits it right.... OR BOTH!!!!.... Why would you do THAT after all these years of self restraint?.... 'cause you just freakin wanted to!!!!.... Now EnJOY!!!!.... je...je...je

I would have given you a twelve (12) step program dude.... but that sounds too much like AA....

[skiracer]

Originally Posted by New-born baby

Ski,
Grant never went to Atlanta. Really.

Sherman did go to Atlanta, but not exactly in a hurry. The campaign took months.

Was it Grant thru Richmond and Sherman thru Atlanta. Or have I just exposed my lack of historical knowledge.

[Lyehopper]

Originally Posted by skiracer

Was it Grant thru Richmond and Sherman thru Atlanta. Or have I just exposed my lack of historical knowledge.

Don't matter... They were all just a bunch of Yankees.... If'n ya seen one YamDankee ya seen em all.... Ain't that right Ed, my ol Yankee bud.lol

[skiracer]

Originally Posted by Lyehopper

Don't matter... They were all just a bunch of Yankees.... If'n ya seen one YamDankee ya seen em all.... Ain't that right Ed, my ol Yankee bud.lol

I guess we're just like Chinese. We all look alike.

[Lyehopper]

Originally Posted by skiracer

I guess we're just like Chinese. We all look alike.

Yep.... and Southern Rednecks.... We all kinda look alike too.lol

bottom line............... stick with the board. You will learn.

[Peter Hansen]

My Ex Boss was fortunate to get some shares of Phillip Morris back in the day .....He never sold any of the shares and today has 8000 shares and collects 26K plus per yr in Dividends in his retiement. Phillip Morris has to be and still is one of the greatest stocks of all time.......It has an average annual return of 12% ........which sets it far apart from the pack ! (No Pun Intended)

[JohnHenry]

Hi everyone
Sorry I was busy sleeping during my spring break. hehe
Hey Jiesen thanks for inviting me to this board. The people here are just as nice as the brka room unlike the PALM room. They beat me up for asking questions and they tell me to suck their privates. I don’t know about all that. Here the people are very funny and they post GREAT posting. I like the post about selling the stocks to buy a new car, clothes, babes, and stocks. Unfortunately, I haven’t taken driver’s ed. yet. My older brother sold his three of his five shares. He has a new car and two new girls. Wow, I can’t wait.!!! Lol hehehe

Hey guys, my parents sold my PALM shares this morning when we went down to Merrill lynch. The man there told me “to understand the market well, but the important thing to remember is that phsychology matters, a lot. It probably matters more than anything”. I don’t know what he means. Also he gave me a site to www.investopedia.com.

I have questions, please give me your finest feedback and ideals. My parents open up a scot’s account for me with $2800 to do as I please. The bad news is, if I lose all of it, I don’t get anymore. This sucks I tell you. Lol

Stocks I was thinking of buying.

BBBB, I like them because we use it at my school.
GS,but I can’t buy much with what I have.
Goog, it’s too much so forget it man.
Oxy, my friend picked this one, I like oil and gas but gas might be over, spring is coming or has it already come?
JDSU, it’s within my price range.


How come stocks fall when fed raise rates?
Sorry for all the stupid question, kinda a lot for my first post huh? Ah who cares hehehe thanks guys

[IIC]

Originally Posted by StkyTreat

Hi everyone
Sorry I was busy sleeping during my spring break. hehe
Hey Jiesen thanks for inviting me to this board. The people here are just as nice as the brka room unlike the PALM room. They beat me up for asking questions and they tell me to suck their privates. I don’t know about all that. Here the people are very funny and they post GREAT posting. I like the post about selling the stocks to buy a new car, clothes, babes, and stocks. Unfortunately, I haven’t taken driver’s ed. yet. My older brother sold his three of his five shares. He has a new car and two new girls. Wow, I can’t wait.!!! Lol hehehe

Hey guys, my parents sold my PALM shares this morning when we went down to Merrill lynch. The man there told me “to understand the market well, but the important thing to remember is that phsychology matters, a lot. It probably matters more than anything”. I don’t know what he means. Also he gave me a site to www.investopedia.com.

I have questions, please give me your finest feedback and ideals. My parents open up a scot’s account for me with $2800 to do as I please. The bad news is, if I lose all of it, I don’t get anymore. This sucks I tell you. Lol

Stocks I was thinking of buying.

BBBB, I like them because we use it at my school.
GS,but I can’t buy much with what I have.
Goog, it’s too much so forget it man.
Oxy, my friend picked this one, I like oil and gas but gas might be over, spring is coming or has it already come?
JDSU, it’s within my price range.


How come stocks fall when fed raise rates?
Sorry for all the stupid question, kinda a lot for my first post huh? Ah who cares hehehe thanks guys

Finally...I was beginning to think maybe you were J's Invisible friend
First of all...with over 2,000 bux you can sign up for a margin account which will give you twice the buying power...Of course, you'll run a greater risk too...so maybe you shouldn't use margin yet.

As far as the rates...there are several theories on that...But one is that the lower the rates the cheaper it is for businesses to borrow which if they use the borrowed funds wisely results in a higher bottom line...Lower rates allow easier expansion and potential growth.

As far as today...I don't think the 25 basis points had anything to do with the pullback...IMO, it was the Fed statements that lead us to believe that there will be more than one more increase in the coming months. I believe many believed that there would not be more than one more increase for a while.

Best, Doug(IIC)