Posted by: hukka_nepali January 15, 2006
Anyone into Stock Market?
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Nice to see so many of you taking interest and participating. I think that's absolutely brilliant....after all sharing is caring :-) Some of you had requested that I email you Motley Foo;'s 2006 stock recommendations, so instead I have uploaded the pdf file in one of the free hosting site. It's worth reading, so you can download it from http://www.savefile.com/files/7629400 target=_blank>http://www.savefile.com/files/7629400>http://www.savefile.com/files/7629400 Let me know how you guys find Motley boys recommendations. Tisa, totally agree with you on 401K investment. As they say you shouldn't be putting all your eggs in one basket. Don't know a whole lot about ROTH IRA, so may be you can share anything you can on that, would be great. BACH, I too recently purchased 200 of SIRIUS share right after Stern sold his. I am not worried as an investor of that selling by Stern as it is due to more of his own financial trouble than anything wrong with SIRIUS. XM's share is around $25 per share, so you know there is a lot of potential for SIRIUS for growth and I really like the approach they have taken. I am very optimist about this investment and expect to make a "very return" in about 5 years from now. Couple other things folks had mention above about the cost of tranaction and taxes. I don't think it is as bad as it might sound. I do mine with Scottrade and it is $7 per tranaction and taxes depend on how long you have had the share. The longer you hold on to share the lesser tax % you end up paying. From what I was told by my mentor, taxes are anywhere from 17% - 30%. If someone has more accurate info, let us know.
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