OT: I own part of Nissan

[Ever Victorious]

A very very very VERY very small part.

Today was a day where I put some money into my Roth IRA and got to pick stocks... so I grabbed 14 shares of Nissan. (yes, I realize that's less than .000000007% Of the company... hehe)

[srellim234]

Let's see who loses their money faster. I put 100 shares of Tata Motors in my IRA. Lost 17% since I bought it.

[Ever Victorious]

Well, nissan is at near 52 week lows... and 3 year lows for that matter... so if they're going to go down further, it's really not good news. Hehe...

[jacksan1]

Well, nissan is at near 52 week lows... and 3 year lows for that matter... so if they're going to go down further, it's really not good news. Hehe...

I think you've made a good move EV. Bottom fishing is good. "Buy low, sell high" is what everyone has heard, but most people actually "Buy high, sell low." Yes, Nissan's stock may still go down a bit, but by hanging on, you should be rewarded in a long run. After all, that's what an IRA is about. With a PE of 7.55, and a price-to-book ratio of only 0.94, this stock is a pure value play.

Maybe I ought to pick up a few shares of NSANY myself....

Happy bottom fishing!

[Ever Victorious]

I forgot to look at the P/E and price-book (which I normally look at, I almost never buy anything with a price-book over 16)... What I did see was that it was near a 52-week low, a 3-year low, but 5 years ago it was significantly higher (hence: likely turnaround). also, they pay a relatively decent dividend at a little over 3% yield... so holding onto it for the long run will yield a good return (compared to CDs right now, anyway) even if the stock stays neutral.

[jacksan1]

The fact that the price-to-book ratio is under 1.0 means that this stock is currently below book value. I don't normally care for stocks that go below book because there usually are fundamental reasons for stocks to be that way. However, with Nissan, I think its stock is being punished as a member of the sector that is disfavored for now, instead of it being fundamentally unsound. I may of course be wrong, but patient investors (vs. traders) should find rewards down the line for owning NSANY.

[Vahagn23]

who wants to do my eco 101 hw?

[Ever Victorious]

who wants to do my eco 101 hw?

"buy low, sell high"

mission accomplished.

[Vahagn23]

lol whats AS/AD model? im taking courses that have nothing to do with my major

[Ever Victorious]

lol whats AS/AD model? im taking courses that have nothing to do with my major

I remember very little of economics class. That was 7 years ago, and I took it at 8:30 in the morning. Not the greatest time for paying attention.

[srellim234]

Only 7 years ago? I took it 33 years ago!

[jacksan1]

Let's see who loses their money faster. I put 100 shares of Tata Motors in my IRA. Lost 17% since I bought it.

You and EV will probably make money in the long run. Tata, being a growth stock in an emerging market, though, will just be much much more volatile. You need to hold on tighter than owning Nissan.

[Vahagn23]

lol okay old people lets not put us young people down, we are the future

Only 7 years ago? I took it 33 years ago!

[Ever Victorious]

lol okay old people lets not put us young people down, we are the future

My god...