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Beginning Investors Forum > Mentors/Mentees Wanted - A connecting place
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Mr. Pippin

Member since: Jun 09

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I see in different groups and forums that some folks are asking for a mentor.  I suspect there are people out there who want to help rookies, and I know us rookie's are often desperate to get feedback from an experienced investor.

My thought is that mentees could describe the type of investor they are and the things that are important to them, and the type of info. they want and then mentors best suited to this type of investor could respond.  For those who don't really know what they are looking for in thier investments maybe they too could hook up with someone who will guide them in learning what type of investor they are and what's important to them.

Maybe mentors could create a post looking for mentees, outlining the minimum qualifications and thier specific interests/specialties, etc...

Obviously, it would be wise for mentees to evaluate mentors with caution.  Likewise for mentors to evaluate mentees. (whose on first?).

Is this a feasible idea?  Will you participarte?
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Mr. Pippin

Member since: Jun 09

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Mentor Wanted:

So I'll kick this off with my own request. 

I am looking for someone who can help me understand "when" and "why" to get out of a position.  I've only been trading since last October (everything was on sale!).  Now, I'm used to 100% - 3000% profits, but this is clearly not sustainable.  When is enough, enough?

Also, I'm looking for someone to help me understand the fundamentals better.  This doesn't have to be a direct explanation; a book referral would do nicely.  I just finished the Neatest Little Guide to Stock Market Investing, which was a bit antiquated (the 2010 Edition will resolve this I'm told) but extremely helpful as a primer to understanding fundamentals and give a broad overview of the market.

I'm not adverse to risk; I need rapid growth to help increase my "seed" investment.  I was able to convert $300 into $5k, but would like that to grow to $10k before I start siphoning off profits to go into longer term investments.  I expect to lose, but when I win, I win big and it more than covers my losses.

 

I’m in my mid 40’s and the notion of “saving” has only recently come into my thinking.  I am able to only inject about $500 every three months to my portfolio.

 

I am a bull; I look for value and shorter term investments (6 mo. or less) to grow my seed investment.  Then I’m thinking of using a tool such as MVV to leverage the market for longer term gains.  Part of my problem is that I don’t fully understand what I just said.

 

I thoroughly enjoy doing research and don’t mind “self-study” but I need someone I can turn to when I don’t understand something.  My current understanding is as much a drawback as it is a help.  I know just enough to be dangerous.  And, to be honest, I also need someone to cheer me on and someone I can share my success stories with.  On the other hand, I need someone to keep me grounded.  But to re-iterate, I am a bull.  I really appreciate Jim Cramer’s attitude, but I’m not sold on his opinions or his investments (that’s probably why he’s a billionaire and I’m a thousandaire).

 

I’m sure I’m missing other important things but this is probably a good starting place.  If you have years of experience with hundreds or thousands of trades under your belt, a good understanding of both fundamentals & technicals, and could explain to me why one report based on fundamentals (through TK) would state “sell” and Zacks would report an “extreme buy” please connect w/me.

 

(oh, sometimes I’m long winded too).


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JJL

Member since: Sep 08

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I am looking for people to talk about stocks with, I can mentor if you are new and if your experienced we can share ideas. I have read many books about investing, but there is much more to learn. Value Investing is my way.
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Jamelb

Member since: Jun 09

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Im going for a mix. I wanna do some short trading and some long term investing. Im still getting used to alot of things an dlearning alot. What tools are you guys using to research stocks? Any advice would be a great help.
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JJL

Member since: Sep 08

5 Day 6.07%
15 Day 29.99%
1 Month 16.36%
3 Month 32.51%
6 Month 107.79%
1 Year 409.68%
As of: 11/20/09
How is this calculated?
Trades 94
Trade Notes 59
Blog Posts 2
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Age: 20's
Madera, California
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I just use a stock screener to find value stocks. I concentrate a lot of my efforts into low price / book value stocks. A good place to start would be learning the fundamentals price ratios, growth rates and etc. Read "the intelligent investor" by ben graham.
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Jamelb

Member since: Jun 09

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JJL said: I just use a stock screener to find value stocks. I concentrate a lot of my efforts into low price / book value stocks. A good place to start would be learning the fundamentals price ratios, growth rates and etc. Read "the intelligent investor" by ben graham.

  JJL-- I got the book you suggested and will start reading it today. I was wondering if you had any good tips on tools or sites that you could recommend? I am totally new @ this and could use every single resource. Also if you know of any good iphone apps or mobile sites that would be great as well.
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JJL

Member since: Sep 08

5 Day 6.07%
15 Day 29.99%
1 Month 16.36%
3 Month 32.51%
6 Month 107.79%
1 Year 409.68%
As of: 11/20/09
How is this calculated?
Trades 94
Trade Notes 59
Blog Posts 2
Professional Student
Age: 20's
Madera, California
JJL Brokerage Account
Well I don't have an iphone so i wouldn't know. use a stock screener, my favorite screener is msn money deluxe screener. You would have to have internet explorer to use it though, here is the link. Make sure you use the deluxe screener because they have a basic one also.

http://moneycentral.msn.com/investor/finder/customstocks.asp

Learn what the price ratios mean such as, Price / Earnings, Price / Book Value, Return on Equity, Return on Investment, Future P / E, Future Growth Rates. If you finish reading the intelligent investor you should have a preaty good idead though.
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PMIUAUJ9JM

Member since: Oct 08

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I have been investing in stocks and ETF's for the last couple of years.  I have started using options and specifically covered calls.  Is there anyone that can help me understand how to get out when the security makes a big move up and still participate in some of the move?
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JeffD

Member since: Jul 09

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Thanks for the tip on "The Intelligent Investor". I've seen it recommended before, but thought I'd take a look and see if it was in our local library. It is, and looks like it's available. In fact, you can even read (much/most(?)) of it online: http://web3.streamhoster.com/idstaff/pdf/ebookexcerpts/9780060583286.pdf http://www.asiaing.com/the-intelligent-investor.html Our library also offers online access to Morningstar, which I just checked out and it looks like a very good resource. I had gone to the library and really liked ValueLine, but was told it was not online, but that Morningstar wasn't. I was under the false impression that Morningstar was primarily about mutual funds, but it has a nice section on stocks as well. Thanks also for the MSN Money link, JJL. I noticed they have a nice list of stocks in individual sectors which I had been looking for.
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evanjazz

Member since: May 08

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Hi All,

I've had an account with tradeking for a while, but I really have no experience. I usually pick my stocks by watching the news, etc. I need someone to take me under their wing. If your interested just message me. Thanks. Oh yeah I'm more of short term seller versus long term.

Eva
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Colindy

Member since: Sep 09

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Hello All,

So this seems to be right up my alley.  So I guess I should start by telling a bit more about myself.  I'm 27 years old and work at a restaurant making just above minimum wage.  I'm looking to start off very small.  I just started my account and I am probably going to start with $50-$100 dollars and see what I can do with that.  I'm looking to start off very short term and move into long term once I have a more solid base and some more experience and knowledge.

I've looked into the educational portions of this website and have been glancing into different financial views (i.e. yahoo financing) and would probably start out buying based strictly on advised stocks from these sources.  I would like to stick to lower priced shares (about $1.50 to $4.00 range) with a bit higher return so that I can build my resources and reinvest quickly.  It would also be nice to have a bit of supplemental income in the event that my hourly wage at work doesn't cover something that may happen in the future.

If anyone is able and willing to give me some advice it would be very greatly appreciated.  I am tired of living life on the "barely making it" line and spending much of my time worrying about my future and what I'm going to do if life decides to throw me a major curve ball.  If you would like to help and need any more info about me please don't hesitate to ask.  Hopefully I will get some response from posting this and will be able to meet someone willing to help me in my endeavors. 

Thank You Kindly
Edwin