# Stock questions (absolute noob here)
**URL:** https://forums.speedlife.net/t/stock-questions-absolute-noob-here/58124
**Category:** NYSpeed Off Topic
**Created:** [November 13, 2008, 4:12pm UTC](https://forums.speedlife.net/t/stock-questions-absolute-noob-here/58124 "2008-11-13T16:12:09Z")
**Posts on this page:** 20
**Page:** 1
### Author:  [@snowracer101](https://forums.speedlife.net/u/snowracer101)
#### Post date: [November 13, 2008, 4:12pm UTC](https://forums.speedlife.net/t/stock-questions-absolute-noob-here/58124/1 "2008-11-13T16:12:09Z")
I’d like to start buying stocks. I want to just do it my self, for example.
Transfer money to etrade or the like
Buy some stock in a company that I think will be profitable.
profit?
What website should I buy through, is it as easy as I think?
for example, I’d like to buy stock in ford… it’s at 1.90 right now.
If I buy 100 shares, and ford goes bankrupt, i’m out $200, so what.
But if It goes to 4.00 i’m doubling my money…
correct?
is it as easy as this? someone lead me in the right direction.
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### Author:  [@Dr.Stevil](https://forums.speedlife.net/u/Dr.Stevil)
#### Post date: [November 13, 2008, 5:40pm UTC](https://forums.speedlife.net/t/stock-questions-absolute-noob-here/58124/2 "2008-11-13T17:40:33Z")
yup, easy as that.
I don’t think you’ll loose all your $$$ if a company goes bankrupt though. I believe after debts are paid, the rest of their assets are divided between shareholders
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### Author:  [@eclipsed](https://forums.speedlife.net/u/eclipsed)
#### Post date: [November 13, 2008, 5:51pm UTC](https://forums.speedlife.net/t/stock-questions-absolute-noob-here/58124/3 "2008-11-13T17:51:53Z")
> [@Dr.Stevil](#):
>
> yup, easy as that.
>
> I don’t think you’ll loose all your $$$ if a company goes bankrupt though. I believe after debts are paid, the rest of their assets are divided between shareholders
bankruptcy doesnt necessarily mean ceasing operations. often times, bankruptcy is entered into because it is the only way to keep operations running. it provides protection from creditors.
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### Author:  [@Dr.Stevil](https://forums.speedlife.net/u/Dr.Stevil)
#### Post date: [November 13, 2008, 5:52pm UTC](https://forums.speedlife.net/t/stock-questions-absolute-noob-here/58124/4 "2008-11-13T17:52:55Z")
I guess I worded that wrong. If a company goes under is maybe a better way to put it lol
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### Author:  [@eclipsed](https://forums.speedlife.net/u/eclipsed)
#### Post date: [November 13, 2008, 6:08pm UTC](https://forums.speedlife.net/t/stock-questions-absolute-noob-here/58124/5 "2008-11-13T18:08:17Z")
> [@sedlmeier101"](#):
>
> Buy some stock in a company that I think will be profitable.
> profit?
>
> is it as easy as this? someone lead me in the right direction.
profitable operations aren’t synonymous with high dividend payments or an appreciating stock price. if it were that simple, then everyone would make money in the market. most people haven’t been making money in the market lately, even if they are invested in stable, solvent, profitable entities.
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### Author:  [@snowracer101](https://forums.speedlife.net/u/snowracer101)
#### Post date: [November 13, 2008, 6:31pm UTC](https://forums.speedlife.net/t/stock-questions-absolute-noob-here/58124/6 "2008-11-13T18:31:25Z")
> [@eclipsed](#):
>
> profitable operations aren’t synonymous with high dividend payments or an appreciating stock price. if it were that simple, then everyone would make money in the market. most people haven’t been making money in the market lately, even if they are invested in stable, solvent, profitable entities.
But what i’m saying, lets say I buy $200 worth of stock in ford. each share is ~1.90. Lets say in a month it goes up to 4.00 a share, and I sell, that would net me ~$400, correct?
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### Author:  [@deebo](https://forums.speedlife.net/u/deebo)
#### Post date: [November 13, 2008, 6:32pm UTC](https://forums.speedlife.net/t/stock-questions-absolute-noob-here/58124/7 "2008-11-13T18:32:48Z")
> [@sedlmeier101](#):
>
> But what i’m saying, lets say I buy $200 worth of stock in ford. each share is ~1.90. Lets say in a month it goes up to 4.00 a share, and I sell, that would net me ~$400, correct?
yup
if you buy 100 shares at X price, as X increases, you multiply your 100 shares by the new X.
but i believe they charge you for selling and initially buying stocks if im not mistaking
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### Author:  [@IWantaSupra](https://forums.speedlife.net/u/IWantaSupra)
#### Post date: [November 13, 2008, 6:41pm UTC](https://forums.speedlife.net/t/stock-questions-absolute-noob-here/58124/8 "2008-11-13T18:41:56Z")
Ford wont be going to 4 dollars anytime soon. And only buy now if you can let it sit for a while. This is a good market to buy in for you are in it for the long run.
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### Author:  [@deebo](https://forums.speedlife.net/u/deebo)
#### Post date: [November 13, 2008, 6:57pm UTC](https://forums.speedlife.net/t/stock-questions-absolute-noob-here/58124/9 "2008-11-13T18:57:05Z")
it was just an example he was using
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### Author:  [@jetlounge](https://forums.speedlife.net/u/jetlounge)
#### Post date: [November 13, 2008, 7:20pm UTC](https://forums.speedlife.net/t/stock-questions-absolute-noob-here/58124/10 "2008-11-13T19:20:42Z")
> [@95LS1t](#):
>
> yup
>
> if you buy 100 shares at X price, as X increases, you multiply your 100 shares by the new X.
>
> but i believe they charge you for selling and initially buying stocks if im not mistaking
yes, you will get charged for the purchase and sale…check the fine print to determine if it is a flat rate or based upon the number of shares.
Also, don’t forget the tax man. What you net after taxes will be less. And selling too soon will require that more taxes be paid. Holding long term would lower the taxes you are required to pay on the gain.
Also you can deduct your losses during tax season…subject to limitations.
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### Author:  [@BrockwayMT](https://forums.speedlife.net/u/BrockwayMT)
#### Post date: [November 13, 2008, 7:36pm UTC](https://forums.speedlife.net/t/stock-questions-absolute-noob-here/58124/11 "2008-11-13T19:36:17Z")
If you have a 401 or retirement plan with a brokerage house they may waive your annual fee or some other expenses if you trade stock with them. Thats what I do.
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### Author:  [@Dr.Stevil](https://forums.speedlife.net/u/Dr.Stevil)
#### Post date: [November 13, 2008, 7:50pm UTC](https://forums.speedlife.net/t/stock-questions-absolute-noob-here/58124/12 "2008-11-13T19:50:51Z")
> [@jetlounge](#):
>
> Also you can deduct your losses during tax season…subject to limitations.
I assume that only applies to taxed money? Can you do that for a depreciated mutual fund (or part of a 401K plan)?
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### Author:  [@ubengineering](https://forums.speedlife.net/u/ubengineering)
#### Post date: [November 13, 2008, 7:53pm UTC](https://forums.speedlife.net/t/stock-questions-absolute-noob-here/58124/13 "2008-11-13T19:53:23Z")
while im in here wtf is short selling?
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### Author:  [@deebo](https://forums.speedlife.net/u/deebo)
#### Post date: [November 13, 2008, 7:57pm UTC](https://forums.speedlife.net/t/stock-questions-absolute-noob-here/58124/14 "2008-11-13T19:57:18Z")
you buy shares and then you sell the shares and the proceeds are credited to his broker’s account at the firm upon which the firm can earn interest. Generally the short seller does not earn interest on the short proceeds.
The investor may close the position by buying back the shares (called covering). If the price has dropped, he makes a profit. If the stock advanced he takes a loss.
then the investor may return the shares to the lender or stay short indefinitely.
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### Author:  [@BillysRevenge](https://forums.speedlife.net/u/BillysRevenge)
#### Post date: [November 13, 2008, 8:00pm UTC](https://forums.speedlife.net/t/stock-questions-absolute-noob-here/58124/15 "2008-11-13T20:00:09Z")
[etrade.com](http://etrade.com)
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### Author:  [@ubengineering](https://forums.speedlife.net/u/ubengineering)
#### Post date: [November 13, 2008, 8:09pm UTC](https://forums.speedlife.net/t/stock-questions-absolute-noob-here/58124/16 "2008-11-13T20:09:03Z")
> [@95LS1t](#):
>
> you buy shares and then you sell the shares and the proceeds are credited to his broker’s account at the firm upon which the firm can earn interest. Generally the short seller does not earn interest on the short proceeds.
> The investor may close the position by buying back the shares (called covering). If the price has dropped, he makes a profit. If the stock advanced he takes a loss.
> then the investor may return the shares to the lender or stay short indefinitely.
i vaguley understand this but ill do some more researching, id prolli have to see an example,
is there any penalty for selling stuff immediately (well like maybe a few hours) after buying it? besides paying my fee (4.95 tradeking)
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### Author:  [@walter](https://forums.speedlife.net/u/walter)
#### Post date: [November 13, 2008, 8:12pm UTC](https://forums.speedlife.net/t/stock-questions-absolute-noob-here/58124/17 "2008-11-13T20:12:17Z")
Let’s say you make 25%, great returns… on $1,000 its hardly worth it in this market.
Play with a simulator for 6 months, then decide if you want to play with real money.
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### Author:  [@deebo](https://forums.speedlife.net/u/deebo)
#### Post date: [November 13, 2008, 8:13pm UTC](https://forums.speedlife.net/t/stock-questions-absolute-noob-here/58124/18 "2008-11-13T20:13:17Z")
i dont understand it either, i copied it and edited parts to make it more understandable off of wiki lol, some of the english is fucked up tho
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### Author:  [@walter](https://forums.speedlife.net/u/walter)
#### Post date: [November 13, 2008, 8:13pm UTC](https://forums.speedlife.net/t/stock-questions-absolute-noob-here/58124/19 "2008-11-13T20:13:55Z")
> [@sedlmeier101](#):
>
> But what i’m saying, lets say I buy $200 worth of stock in ford. each share is ~1.90. Lets say in a month it goes up to 4.00 a share, and I sell, that would net me ~$400, correct?
No, you need to subtract fees and taxes.
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### Author:  [@walter](https://forums.speedlife.net/u/walter)
#### Post date: [November 13, 2008, 8:14pm UTC](https://forums.speedlife.net/t/stock-questions-absolute-noob-here/58124/20 "2008-11-13T20:14:24Z")
Oh wait, I just realized I’m trying to have a day crew conversation in a night crew thread, nevermind
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