Looking at the Stock Market

Photo taken from 123RF.com
Photo taken from 123RF.com

After leaving my bank’s brokerage and moving to Charles Schwab, I’ve become more aggressive in my stock trades. I’ve been investing for a few years now and I’m more confident now in trading. There is always going to be risk in trading stock, but it’s safer than going to Vegas. It’s always important to do your research when picking stocks. Seek advice and see what the experts say. You can watch CNBC and other financial networks, but keep in mind that the market can be difficult to predict. Even the experts are wrong sometimes.

With that said, I’ll let you know what I have in my portfolio. Today has been a big day for my stocks and I’ve made over $400 for the day so far!

Facebook (FB): I bought this on a whim yesterday based on opinions from CNBC interviews. I knew there would be a profit report coming out at the end of the day. I was looking for another stock to finish up my portfolio and I took a chance. It turned out great as the after hour trading on Facebook (FB) jumped up. It’s slowing down a bit now and I’m not sure if I’m selling it today or not. It may not be a good time to buy in my opinion. It’d hard to say if it will continue to go up or if it has stopped.

Mastercard (MA): I got into this stock before the split and so far I’ve lost quite a bit on the stock. Splits are attempts to get more people to buy a stock by cutting the cost of the stock and adding more available shares for purchase. A split can influence people to buy stock in the company, especially when the company is doing well. It’s still to be seen whether Mastercard (MA) will go up. If you look at the last several years, the company has a steady increase in its stock price. I think this is a good time to get into MA. My recommendation is: buy.

Bank of America (BAC): I’m not really a fan of this company, I used to bank with them, but left because I didn’t like how they ran their business. However, they have changed and the company seems to be in line for increasing their business. My recommendation is: buy.

Vista Gold Corp. (VGZ): This is an American gold mining company that operates in the USA and other countries. The stock price is very, very low. We are talking penny stocks. I bought a small stake in this company, because I feel it is a really risky stock. It has been higher in the past, but right now it’s under $1. Gold is a good investment during economic downturns, but now it may not be such a good investment. I won’t make much money off of this stock unless it jumps up quite a bit, but I won’t lose much  if it drops a lot either since I have a small amount invested with this stock. I bought into this stock as an experiment.

T-Mobile (TMUS) and Sprint (S): There has been a lot of buzz about the possibility of a Sprint and T-Mobile (TMUS) merger. Personally, I don’t think it will happen, but it does have a better chance than when AT&T (T) tried to buy T-Mobile (TMUS). This is because both Sprint (S) and T-Mobile (TMUS) have a smaller hold on the market than Verizon (VZ) and AT&T (T). I rode the Sprint (S) high but got out before it fell back to its current stock value. I like Sprint (S), but I’m not sure it is a good buy right now. If the merger goes through, both companies will see a rise in their stock price. However, if not, Sprint (S) may stagnate. T-Mobile (TMUS) should survive the fallout if the deal doesn’t go through. My recommendation on T-Mobile: buy. Sprint: wait and see.

Hear is the stock prices of the stocks I have mentioned as of writing this post:

FB – $61.27

MA – $79.27

BAC – $16.92

TMUS – $31.00

VGZ – $0.6001

S – $8.50

To summarize, I recommend buying Mastercard (MA), T-Mobile (TMUS), and Bank of America (BAC). Sprint is at a good price to buy, but I’d wait and see if it starts going up again. Facebook (FB) could continue to grow, but it’s too difficult to say if it will continue to go up. I have no recommendation on Facebook (FB) at this time.

Photo source: http://www.123rf.com/photo_8170080_stock-market-abstract-background.html

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