Stock Market

Was reading some old threads on investing and was just curious as to whether any of you guys and gals do any investing specific to our industry (or related). There are a few companies I started looking at that are in the scrap metal business and are publicly traded: Sims, Schnitzer, Metalico, Industrial Services of America, etc. I wondered about a "big boy" like Alcoa, too, though they are a little bit removed from the others in terms of focus. Also recycling companies.

Not that I have anything to invest at the moment ..... just curious though. I would think given the uncertainty and fluctuations in global commodity markets that these stocks would be a roller coaster ride. And most of them apparently don't pay dividends ...

the best idea for investing is not in stock if your a scrapper but your own business put that money towards education and proper safety so that you can refine yourselves its like the markets buy low wait and sell high metals always will go up so if your just sitting on money put it to use for you and put yourself to use and flow those rivers of gold

True ... I wonder how many billions (trillions?) have been lost on "sure things" in the market? I have a few shares acquired over the last 30 years, but they are things I feel relatively okay about like Coca Cola, Exxon, and GE. Not enough to really do anything with, but maybe leave to the kids one day. I lost my entire stake in a local bank a few years back when it failed. Again, not a huge amount by some standards, but it was a lot to me.

I just like to read about companies in the scrap metal industry and as a result looked around at ones that were publicly traded.

Agreed that money in hand is probably a better bet than "gambling" on stocks....

Originally Posted by MattyNoNeck

I have a small amount invested in Marijuana-related stocks. Basically just curious to see where it goes since legalization is slowly but surely happening. I also buy an ounce of silver from time to time and stash it.

I buy a ounce or two and stash it as well!!!!!

To clarify, I wasn't asking for investment advice, I was just curious if anyone extended their scrapping investment / activity to include stocks in such companies. I agree going half a$$ed into anything (including scrapping) is foolhardy.

Interesting approach, Matty, on the marijuana thing. I personally am opposed to legalization, but as you note it appears to be gaining traction on a number of fronts. I actually came across a publicly traded company earlier when I was looking at an unrelated topic that apparently invests somehow in the "industry". With regard to silver (or other precious metals), there is something about having a tangible, physical asset that gives you confidence.

Originally Posted by hobo finds

I buy a ounce or two and stash it as well!!!!!

I buy a ounce or two and smoke it as well!!!!!!

Fixed that quote for ya buddy.

(For all of you against...I was kidding. Hobo doesn't smoke that I'm aware of, I was just having fun. Call off the dogs, put down the pitchfork an torches)

Matty, very smart of you to invest in the pot thing. It's coming, whether people like it or not. The dam has been opened an there be no controlling it now. The people are speaking, an States (An their treasuries) are listening.

Talking about investing in Green technology... ha ha!

Sirscrapalot - It won't kill you unless you let a bale of it fall on you. - Willie Nelson

Here is my investment portfolio , I'm throwing everything I have at it .


Day #2 and I have never felt better about any future than the one in my hands . Don't mean to thread jack but it does pertain.

I have been watching Alternative Earth Resources Inc , formerly Nevada geothermal power .
My favorite stock would by far be stericycle , they recycle the human waste from hospitals . It's a never ending market .

Originally Posted by Metalbestos

I have been watching Alternative Earth Resources Inc , formerly Nevada geothermal power .
My favorite stock would by far be stericycle , they recycle the human waste from hospitals . It's a never ending market .

Saw that one, too. It definitely interested me.