Your Questions About Money Making Stocks For 2010

James asks…

How much tax money do i owe for making $600 dollars in stock trading for 2010?

$600 dollars only in alittle daytrading for 2010

John answers:

You pay taxes at your normal tax rate if you held the stock less than a year. But it depends on your other income since you made so little. If thats all you made you dont even have to file a return. Your Standard Deduction would reduce your taxable income to zero. The IRS website has a flow chart to determine if you need to file a return.

George asks…

What stocks will go up during this summer of 2010?

I already have invested some money in City Group but I have about 500$ that I would like to invest. Any ideas??? I am trying to make some money for my car so if you have any suggestions please post them.

John answers:

Asking whether or not C (specific stock) will go up this summer is entirely different than asking if stocks (general) will go up this summer.

Assuming a continuing correction for the next couple of weeks and the economy continues to strengthen, the odds favor a modest summer rally in stocks.

Citi has far greater headwinds — the government has announced its intention to liquidate its massive holding in the stock as fast as possible. Recent action suggests the target price (for sale) is in the 4’s. That alone bodes poorly for the price in the near term. Little fishes (less than $100,000 position) as a rule tend to panic quickly when under selling pressure in their favorite issues. You have to ask yourself why you are investing and how strong your game plan is.

(Disclosure: I own C in my speculative portfolio)

Susan asks…

How can I make my stock exhaust louder (2010 Mazdaspeed 3)?

For my 2010 Mazdaspeed 3, is there anyway I can make my STOCK exhaust louder easily? I’m not looking to spend much money on this. There’s always the resonator delete… But any other suggestions? A quick and simple suggestion/explination would be really helpful.

John answers:

Sounds crazy, but if you drill little holes in your exhaust tip with a drill it makes a huge difference

Carol asks…

Best Stocks to Buy Now 2009-2010?

Hi there! I am a teenager looking to buy some cheaper stocks now that show a lot of promise for the future and hopefully make some money. I don’t have a lot of money to spend…haha but would like some of your views and input to help me out on making a good investment…which cheaper stocks show a lot of promise and potential for the near future…any advice, info and suggestions will help! thanks a lot for your time!
Also please no links or software things…im only looking for your opinion on good stocks…thanks!

John answers:

Well I’m 18 and I invested last November and currently the return on my investment is 126%. Some of the stocks that I invested in a few months ago include: Citigroup (C), Bank of Ireland (IRE), Bank of America (BAC), Deerfield Capital (DFR), and another good one was Genworth Financial (GNW). Those stocks have gone up quite a bit since I bought them though.. However I still think they have more than enough room to grow.. Hell were just coming out of a recession.. There’s plenty of time to grow! Good luck!

Ruth asks…

Best stocks to buy now for 2009-2010?

Hi there! I am a teenager looking to buy some cheaper stocks now that show a lot of promise for the future and hopefully make some money. I don’t have a lot of money to spend…haha but would like some of your views and input to help me out on making a good investment…which cheaper stocks show a lot of promise and potential for the near future…any advice, info and suggestions will help! thanks a lot for your time!
Also please no links or software things…im only looking for your opinion on good stocks…thanks!

John answers:

Cramer and I like WEN Wendys. Didn’t buy today? Oh well. You might be a bit late. Let’s see what happens tomorrow! If it goes down, buy but if it is up you might think first-then consider waiting for another opportunity. Always be patient enough to buy low!!! It is a good stock and is priced well for a beginner and I have a good feeling about it. It has a yummy little dividend to help you wait for it’s inevitable rise to about 6 some time in the next 12 months. But I am not allowed to give investment advice, am I? How about a nice mutual fund?

Wish me luck! Lol

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