2016 Stock prediction
- Thread starter dmclone
- Start date
Maybe this will help you.
http://www.investopedia.com/terms/e/etf.asp
From a basic understanding, an ETF is usually supposed to follow some kind of Index, like the S&P 500, or even an Energy Index. To own all the shares in an index is expensive, so an ETF is a better way to have a stake in it. You are correct in that it trades like a stock. However, I don't fully understand how it is valued, because the value of an ETF should be the sum of all shares it holds, but that is not always true.
PJP dropped from about $70 to 40 something and back up to $60 in less than a half hour. Having a stop market order instead of a stop limit order is what cost me. Everyone selling and none to buy dropped the price.
I think energy is the play. I like VDE, but going with Exxon or Chevron would work too. OPEC and the shale producers can't play chicken forever. Plus were always one crackpot attack on a major supply point away from prices going up. May not pay off big in 2016, but should be great risk/reward for the next couple years. More Nat gas for power all the time, too.
Oil and Oil-related stuff has played havoc with my non-retirement acct the last year+. So yeah ... now might be the time, esp with a longer time horizon (+ 1 year) you mention.
Goldwater fan?
I use Robinhood. Very little in terms of the "extras" you might get from a large broker, but trades are free.
Low cost index fund that tracks the S&P,DOW, or Nasdaq are all good places to start IMO. I would recommend that over any mutual fund due to the low fees and very rarely do they beat the market.
Also my top performer of 2015 was ULTA. It has taken over the majority of my portfolio. Don't want to cut it but know I should. I will go with XOM for the win in 2016. Oil will make a comeback, just a matter of when.
There's honestly not much too it. Trading is only available through the app; iOS and Android.
The app basically shows you the stocks you own, their current price and the typical graph showing the stock performance over X period of time.
I haven't run into any fees; like I said, no cost to buy or sell. Their website says they make money through the interest on customer's uninvested cash balances.
https://www.robinhood.com/
I've looked into them too. I've heard the market info is a little delayed as far as pricing updates. Any experience with that? I think that some reviews mentioned closed out positions have to sit for 3 days or something around that before you can withdrawal any of it so I'm assuming they charge interest on that?
