trading stocks, or, “how paul chose to spend $1000”

So here I am, a college student, and I see some potential. The potential is owning stocks for a long amount of time. The trick is to get some stocks that will last that long–long meaning 10, 20, 30+ years. As is such, I would like to take the readers of pyktech on a ride. Here are a couple of my picks that I have invested with my five free trades from Firstrade.

INTC — Intel Corporation. This company is running on a low, and is my pick to move up a good amount in the coming years. It seems like a good time to buy a few shares, since there is some short-term resistance, ala AMD’s court case and missing quarterly earnings estimates driving the stock lower. Long term will hopefully drive this away, due to Intel’s more and more diversified business model into other sections of the semiconductor world. It also helps that I enjoy technology, and still see amazing growth for it in the future. At the center of that growth? Semiconductor companies of course.

JNJ — Johnson and Johnson. On a less technical side, Johnson and Johnson is my pick for a solid choice as far as dividends go over time. They pay out dividends quarterly, this combined with free DRIP (dividend reinvestment) will pay off in the long run, regardless of the fact that I own a very little number of JNJ shares at this point.

BAC — Bank of America. This is my “financial institution” stock, which will hopefully be a solid investment in the long term as well. Not looking for a huge gainer here, just a solid upward slope towards the positive side of the graph. They are riding a little bit lower lately, and my research seems to indicate that they can pull a better quarter, and keep that up in the future, barring a “second Great Depression.” I will go ahead and make a bold prediction that a 2nd GD has a small, 1% chance of happening (although a solid 1%, nonetheless), hence my confidence in BAC.So that’s it for now for the entertainment of watching me become either rich or slightly more poor. You will, in the future, be able to watch me lose or double my $1000, as I will soon be adding a new section of pyktech that will allow you to watch my $1000 grow or perhaps even crash into nothingness. Regardless, we can all watch it like it’s TV. Nice.

Opened my first trading account

I have just finished my application for a Firstrade account, my first equities trading account, and soon will be funding it with some cash to take advantage of the free trades made available for new-traders. Granted, these trading comissions are very low, and I could probably gain the same amount from putting the money in a CoD for 6 months, but it’s a fine gesture nonetheless on the part of my new broker, and in the mean time (hopefully) I will make money on the money invested through my account far surpassing a modest CD interest rate.

This will be my second actual brokerage account, my first being my Vanguard account with some holdings in the Vanguard Total Stock Market Index Mutal Fund (VTSMX). This new account through Firstrade will be for my holdings in specific equities, and thus riskier. Only time will tell how well it will pay off, and given that I am young, I have quite a bit of time to wait.

3….2….1…. No IM Day 2006

In an effort to ease the strain on messenger services, I have proposed the idea of No IM Day to the general-internet-public in hopes that they will sign off together on April 8, 2006.

But really, it’s just for fun, so you should digg No IM Day in hopes that it will grow beyond belief. Check it out, and let me know what you think.

Thanks for all who voted for me, turns out the system is broken.

In an unprecedented oversight by ASM, the voting system was unable to handle 15% of the student populace voting, and thus voting has been postponed. Apparently this has much to do with the “high level of write in candidates,” and the system is unable to handle this. So for all who voted for me, awesome, it looks like the system broke down in the process, probably due to the unprecedented support of pyktech readers… or the small number of students actually on the ballots.

Regardless, thanks everyone, and I will keep everyone posted as further election news is released.

running for ASM elections

Today is the first day of voting for ASM positions and referendums, and voting runs through Thursday (March 30). Given this fact, I will be running as a write in candidate in every category. Check out www.vote.asm.wisc.edu and vote for me in every category. My platform will be the Theodore Roosevelt Appreciation Party, and I stand by the resigning of any position in which I am elected. Happy voting.

Planning for Senior year and opening an investment account

As I ponder which classes will benefit me the most during my senior year at the UW-Madison, I have on the side, decided to start a brokerage account with a discount broker, as another side hobby in which to bide my time.

Firstrade.com is my optimal choice for a beginner account, with no-minimum balance and low trade costs (although my guess is ‘slow’ trades). Something to get started with, and possibly stay with if long term investing is the eventual goal (for now it will be some casual trades for learning’s sake).

So with my referral in hand, and with it, five free trades, I will tackle the field of personal investing, hopefully to gain a thorough and complete knowledge of investing that will last longer than those five trades… and maybe an interest rate that is better than the petty fraction-of-a-percent that my current savings account is giving me.

pyktech beta 1.343242

WordPress is really quite the pleasure to work with, so it’s just a matter of time before I switch this page to be the front page to pyktech. For those curious, the above photo is one taken outside the own-and-only Kellogg Middle School in Rochester, MN. The tree overlooks the hill looking down onto the pseudo-track-football field and baseball fields. However, this happens to be a picture of the clouds; why clouds you ask? Well, I pose the question to you. Tell me in the Comments section.

Either that or post insightful political commentary, or perhaps satirical political commentary.

trying out a new system

blogging for real. I have thus switched over to WordPress as per the suggestion of many, and the delight of myself. It just looks ridiculously good, both on the backend and the front end. What more can I say?