New to investing

theGibber1 · Aug 3, 2010

Upfront Ill tell you that I know nothing. ZERO! I was told mutual funds are the way to go and let the pros handle my money. I have a mutual fund that I auto deposit into every month and I must say im frustrated! Its been 5 yrs and Ive invested a hell of alot more than my funds are worth!

Anywho I have about 5 grand I would like to play around with in the stock market. You guys seem to know your stuff any tips for a newbie???

Thanks!

Gib

Turfgrass · Aug 4, 2010

Buy low..Sell high

I don't know any other tricks. What is your time frame for the funds?

Really short term equals RISKY...options are fun. You would have to read a book if you don't understand what they are. I enjoy them but they ain't for everybody.

Dollar cost averaging is the only real trick to know if you like a particular stock. That way you buy less if it goes up and more when it comes down.

If your time frame is shorter, then you want more stable stocks that offer dividends. You can either take the cash, or reinvest the dividend into more stock.

Mutual funds are the way to go if you don't want to put the time into researching a stock and the management of the company. It's also easier to diversify with mutual funds.

That's about all I could tell you on the short side. I would recommend the book: "Simple Wealth, Inevitable Wealth" by Nick Murray

http://www.nickmurray.com/bkwealth.htm

Good Luck

selkirk · Aug 4, 2010

Gibber what is this mutual fund, how does it compare with others in the group, did you select the fund, ie. choose it, or was it chosen for you..., before you invest any more money you should look into why this fund you currenty own is a dog.

what is the mer, what does it track, ie. index, is it load, no load, how many years did it outerpfrom or underperform its peers, should you still own it...

thanks
selkirk

DOGS THAT BARK · Aug 6, 2010

Gibber several here much sharper than I on stocks so won't have input there--but I think it would be beneficial if they knew your age for purpose of risk tolerence.

I know your discouraged on last 5 years but if you pulled data up every stock I'd guess 75% + would show negative results last 3 years.

Despite your return -you need to pat yourself on the back for the hardest and most important aspect of investing--you have started a plan and systematically contribute-- good for you and you will be rewarded down the road.:0074

I would dig in on book Turf recommended reading and we are fortunate to have Kirk here--who IMO is best I've ever had the fortunr to know--and I should also read book to understand futures-covered calls etc better--but hard to teach old dog new tricks

theGibber1 · Aug 6, 2010

selkirk said:
Gibber what is this mutual fund, how does it compare with others in the group, did you select the fund, ie. choose it, or was it chosen for you..., before you invest any more money you should look into why this fund you currenty own is a dog.

what is the mer, what does it track, ie. index, is it load, no load, how many years did it outerpfrom or underperform its peers, should you still own it...

thanks
selkirk

As I said before i know zero. A few years ago I walked into and Edward Jones office and told the account manager I wanted to start investing.

He suggested a long term Mutual Fund. With an auto deposit each month.

The name of the fund is
Hartford Global Growth Fund CL A
Symbol HALAX

I put my faith in these people to do me right. So how does it compare to other funds??? I wouldnt even know how to check.

All I know is that its worth a few thousand less than what Ive put in it.

I started the fund when I was 25 so the auto deposit isnt very much. Now that my career is where it needs to be I would like to start investing some of this cash I have laying around.

Question is where to put it?

Again thanks for your help!

Turfgrass · Aug 6, 2010

Here is a suggestion...Selkirk, DTB can you guys check this out too.

I'm going to pull the trigger on CIM (Chimera Investment Corporation)...The stock doesn't move much but the dividend is awesome. If you reinvest the dividend and use Dollar cost averaging this might be a good long term stock. However it is a REIT (based on housing) so it could be somewhat risky.

The Company declared common stock dividends of $0.17, $0.08, and $0.17 per share for the quarters ended June 30, 2010, June 30, 2009, and March 31, 2010, respectively. The annualized dividend yield on the Company?s common stock for the second quarter, based on the June 30, 2010, closing price of $3.61 was 18.84%. On a Core Earnings basis, the Company provided an annualized return on average equity of 21.94%, 16.45%, and 23.15% for the quarters ended June 30, 2010, June 30, 2009, and March 31, 2010, respectively. On a GAAP basis, the Company provided an annualized return on average equity of 19.14%, 17.36% and 22.73%, for the quarters ended June 30, 2010, June 30, 2009, and March 31, 2010, respectively.

Turfgrass · Aug 6, 2010

theGibber1 said:
As I said before i know zero. A few years ago I walked into and Edward Jones office and told the account manager I wanted to start investing.

He suggested a long term Mutual Fund. With an auto deposit each month.

The name of the fund is
Hartford Global Growth Fund CL A
Symbol HALAX

I put my faith in these people to do me right. So how does it compare to other funds??? I wouldnt even know how to check.

All I know is that its worth a few thousand less than what Ive put in it.

I started the fund when I was 25 so the auto deposit isnt very much. Now that my career is where it needs to be I would like to start investing some of this cash I have laying around.

Question is where to put it?

Again thanks for your help!

The Mutual Fund you have is solid...
2005 it had 1.73% growth
2006 it had 15.15%
2007 it had 43.07%

Then it hit a skid 2008...-32.25%
2009...-8.65%
YTD...-20.18%

You have some good companies in the fund they're just more susceptible to the recession. When they bounce back I'm sure you'll be back in black. Just keep kicking in a steady amount in contributions... that will buy more shares as it goes down. It will pay off in the long run. You have plenty of time for it to bounce back.

Top 25 Holdings

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URBN Urban Outfitters Inc.
AMGN Amgen, Inc.
KSS Kohl's Corporation

DOGS THAT BARK · Aug 7, 2010

Turfgrass said:
Here is a suggestion...Selkirk, DTB can you guys check this out too.

I'm going to pull the trigger on CIM (Chimera Investment Corporation)...The stock doesn't move much but the dividend is awesome. If you reinvest the dividend and use Dollar cost averaging this might be a good long term stock. However it is a REIT (based on housing) so it could be somewhat risky.

The Company declared common stock dividends of $0.17, $0.08, and $0.17 per share for the quarters ended June 30, 2010, June 30, 2009, and March 31, 2010, respectively. The annualized dividend yield on the Company?s common stock for the second quarter, based on the June 30, 2010, closing price of $3.61 was 18.84%. On a Core Earnings basis, the Company provided an annualized return on average equity of 21.94%, 16.45%, and 23.15% for the quarters ended June 30, 2010, June 30, 2009, and March 31, 2010, respectively. On a GAAP basis, the Company provided an annualized return on average equity of 19.14%, 17.36% and 22.73%, for the quarters ended June 30, 2010, June 30, 2009, and March 31, 2010, respectively.

Turf
Here is site I like to check out dividend paying stocks. Can't tell much myself as appears to have only 3 year history but it may provide some input you don't have.

http://www.dividendinvestor.com/?chk=1fbdf1281174053&symbol=CIM&submit=GO

theGibber1 · Aug 9, 2010

Turfgrass said:
Here is a suggestion...Selkirk, DTB can you guys check this out too.

I'm going to pull the trigger on CIM (Chimera Investment Corporation)...The stock doesn't move much but the dividend is awesome. If you reinvest the dividend and use Dollar cost averaging this might be a good long term stock. However it is a REIT (based on housing) so it could be somewhat risky.

The Company declared common stock dividends of $0.17, $0.08, and $0.17 per share for the quarters ended June 30, 2010, June 30, 2009, and March 31, 2010, respectively. The annualized dividend yield on the Company?s common stock for the second quarter, based on the June 30, 2010, closing price of $3.61 was 18.84%. On a Core Earnings basis, the Company provided an annualized return on average equity of 21.94%, 16.45%, and 23.15% for the quarters ended June 30, 2010, June 30, 2009, and March 31, 2010, respectively. On a GAAP basis, the Company provided an annualized return on average equity of 19.14%, 17.36% and 22.73%, for the quarters ended June 30, 2010, June 30, 2009, and March 31, 2010, respectively.

Thanks for the tip!

It took E Trade a few days to verify the accounts I set up so I am locked and loaded for tomorrow. If you have anything else I should look in to feel free to share!

Thanks again!

DOGS THAT BARK · Aug 10, 2010

--have some things to add on your etrade account.

There are 2 areas on their stock research I really like--one is Thomson Reuters research but moreso their fundamentals link--with give you and indepth look.

example -will use Turfs CIM which came out very good in several catagories-

Shareholder Equity

<TABLE><TBODY><TR class=solidMed><TD class=nowrap>Shares Outstanding</TD><TD class=right>768.1 M</TD></TR><TR class=solidMed><TD class=nowrap>Institutional Ownership</TD><TD class=right>41.60%</TD></TR><TR class=solidMed><TD class=nowrap>Number of Floating Shares</TD><TD class=right>722.5 M</TD></TR><TR class=solidMed><TD class=nowrap>Short Interest as % of Float</TD><TD class=right>1.54%</TD></TR></TBODY></TABLE>
Financial Strength (MRQ)

<TABLE><TBODY><TR class="solidMed "><TD width=176>Quick Ratio</TD><TD class=right width=70 noWrap>--</TD><TD class=quintileCell width=95 noWrap></TD></TR><TR class="solidMed "><TD width=176>Current Ratio</TD><TD class=right width=70 noWrap>--</TD><TD class=quintileCell width=95 noWrap></TD></TR><TR class="solidMed "><TD width=176>Debt/Equity</TD><TD class=right width=70 noWrap>1.31x</TD><TD class=quintileCell width=95 noWrap>

</TD></TR><TR class="solidMed "><TD width=176>Debt/Assets</TD><TD class=right width=70 noWrap>0.55x</TD><TD class=quintileCell width=95 noWrap>

</TD></TR></TBODY></TABLE>CIM's debt to equity ratio indicates that it has been as aggressive with using debt to finance growth as compared to its peers in the Consumer Financial Services industry. The resultant effect on earnings would be as volatile as related companies.

Valuation (MRQ)

<TABLE><TBODY><TR class="solidMed "><TD width=176>Price/Earnings (TTM)</TD><TD class=right width=70 noWrap>5.34x</TD><TD class=quintileCell width=95 noWrap>

</TD></TR><TR class="solidMed "><TD width=176>Price/Sales (TTM)</TD><TD class=right width=70 noWrap>5.82x</TD><TD class=quintileCell width=95 noWrap>

</TD></TR><TR class="solidMed "><TD width=176>Price/Book</TD><TD class=right width=70 noWrap>1.18x</TD><TD class=quintileCell width=95 noWrap>

</TD></TR><TR class="solidMed "><TD width=176>Price/Cash Flow</TD><TD class=right width=70 noWrap>--</TD><TD class=quintileCell width=95 noWrap></TD></TR></TBODY></TABLE>CIM's P/E Ratio is lower than 70% of other companies in the Consumer Financial Services industry. This typically means that investors are willing to pay less for its level of earnings relative to future growth.

Profitability (TTM)

<TABLE><TBODY><TR class="solidMed "><TD width=176>Gross Margin</TD><TD class=right width=70 noWrap>--</TD><TD class=quintileCell width=95 noWrap></TD></TR><TR class="solidMed "><TD width=176>Operating Margin</TD><TD class=right width=70 noWrap>98.10%</TD><TD class=quintileCell width=95 noWrap>

</TD></TR><TR class="solidMed "><TD width=176>EBITDA Margin</TD><TD class=right width=70 noWrap>--</TD><TD class=quintileCell width=95 noWrap></TD></TR><TR class="solidMed "><TD width=176>Profit Margin</TD><TD class=right width=70 noWrap>98.10%</TD><TD class=quintileCell width=95 noWrap>

</TD></TR></TBODY></TABLE>As indicated by the Operating Margin, CIM controls its costs and expenses better than 99% of its peers.

Management Effectiveness (TTM)

<TABLE><TBODY><TR class="solidMed "><TD width=176>Return on Assets</TD><TD class=right width=70 noWrap>9.09%</TD><TD class=quintileCell width=95 noWrap>

</TD></TR><TR class="solidMed "><TD width=176>Return on Equity</TD><TD class=right width=70 noWrap>20.73%</TD><TD class=quintileCell width=95 noWrap>

</TD></TR><TR class="solidMed "><TD width=176>Return on Inves. Capital</TD><TD class=right width=70 noWrap>12.97%</TD><TD class=quintileCell width=95 noWrap>

</TD></TR></TBODY></TABLE>The Return on Equity for CIM shows that it is able to reinvest its earnings more efficiently than 83% of its competitors in the Consumer Financial Services industry. Typically, companies that have higher return on equity values are more attractive to investors.

Growth Rate (TTM)

<TABLE><TBODY><TR class="solidMed "><TD width=176>Earnings Per Share</TD><TD class=right width=70 noWrap>128.8</TD><TD class=quintileCell width=95 noWrap>

</TD></TR><TR class="solidMed "><TD width=176>Sales</TD><TD class=right width=70 noWrap>266.2</TD><TD class=quintileCell width=95 noWrap>

</TD></TR><TR class="solidMed "><TD width=176>Dividend (MRQ)</TD><TD class=right width=70 noWrap>-30.6</TD><TD class=quintileCell width=95 noWrap>

</TD></TR></TBODY></TABLE>CIM's EPS Growth Rate is greater than 92% of its peers in the Consumer Financial Services industry.

Dividend (TTM)

<TABLE><TBODY><TR class="solidMed "><TD width=176>Dividend Yield</TD><TD class=right width=70 noWrap>17.48%</TD><TD class=quintileCell width=95 noWrap>

</TD></TR><TR class="solidMed "><TD width=176>Payout Ratio</TD><TD class=right width=70 noWrap>87.02%</TD><TD class=quintileCell width=95 noWrap>

</TD></TR><TR class="solidMed "><TD width=176>Annual Dividend</TD><TD class=right width=70 noWrap>0.63</TD><TD class=quintileCell width=95 noWrap>

</TD></TR></TBODY></TABLE>CIM's dividend yield is greater than 91% of other companies in the Consumer Financial Services industry. As indicated by the payout ratio, CIM's earnings support the dividend payouts more than others in the group.

Operating Ratios (TTM)

<TABLE><TBODY><TR class="solidMed "><TD width=176>Asset Turnover</TD><TD class=right width=70 noWrap>0.09%</TD><TD class=quintileCell width=95 noWrap>

</TD></TR><TR class="solidMed "><TD width=176>Inventory Turnover</TD><TD class=right width=70 noWrap>--</TD><TD class=quintileCell width=95 noWrap></TD></TR><TR class="solidMed "><TD width=176>Receivables Turnover</TD><TD class=right width=70 noWrap>14.12%</TD><TD class=quintileCell width=95 noWrap>

</TD></TR><TR class="solidMed "><TD width=176>Effective Tax Rate</TD><TD class=right width=70 noWrap>0.00%</TD><TD class=quintileCell width=95 noWrap>

</TD></TR></TBODY></TABLE>These ratios give an indicator of efficiency (ability to move inventory and generate sales) within a company, particularly ones with tangible goods (i.e. automotive, computer hardware) as compared to its peers.

Company Officers

<TABLE><TBODY><TR class=solidMed><TD class=nowrap>Chief Executive Officer</TD><TD class=right>Matthew Lambiase</TD></TR><TR class=solidMed><TD class=nowrap>Chief Financial Officer</TD><TD class=right>A. Alexandra Denahan</TD></TR><TR class=solidMed><TD class=nowrap>President</TD><TD class=right>Matthew Lambiase</TD></TR><TR class=solidMed><TD class=nowrap>Other</TD><TD class=right>Christian J. Woschenko</TD></TR><TR class=solidMed><TD class=nowrap>Other</TD><TD class=right>William B. Dyer</TD></TR><TR class=solidMed><TD class=nowrap>Secretary</TD><TD class=right>A. Alexandra Denahan</TD></TR></TBODY></TABLE>

Company Contact

<TABLE><TBODY><TR class=solidMed><TD class=nowrap>Employees</TD><TD class=right>0</TD></TR><TR class=solidMed><TD class=nowrap>Headquarters</TD><TD class=right>1211 Avenue of the Americas
Suite 2902
New York, NY 10036

</TD></TR><TR class=solidMed><TD class=nowrap>Phone</TD><TD class=right>212-696-0100</TD></TR><TR class=solidMed><TD class=nowrap>Fax</TD><TD class=right></TD></TR><TR class=solidMed><TD colSpan=2>Web Address
http://www.chimerareit.com/

</TD></TR></TBODY></TABLE>

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