Author Topic: Investing?  (Read 2335 times)

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Chatbot

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Re: Investing?
« Reply #30 on: September 11, 2020, 09:12:32 AM »
I'm a rookie who wants to start buying cheap stock. Should I just open a Charles Schwab or E-Trade type account?

All brokers offer free trades/ no minimums now so they are all more or less the same. I can vouch for Schwab, TD Ameritrade and Robinhood.

rawr1922

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Re: Investing?
« Reply #31 on: September 11, 2020, 12:45:10 PM »
Thank you Chatbot.

G raham

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Re: Investing?
« Reply #32 on: September 12, 2020, 10:04:42 PM »
bitcoin bitcoin bitcoin bitcoin bitcoin bitcoin bitcoin bitcoin bitcoin bitcoin bitcoin bitcoin bitcoin bitcoin bitcoin bitcoin bitcoin bitcoin bitcoin bitcoin bitcoin bitcoin bitcoin bitcoin bitcoin bitcoin bitcoin bitcoin bitcoin bitcoin bitcoin bitcoin bitcoin
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pugmaster

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Re: Investing?
« Reply #33 on: September 12, 2020, 10:44:42 PM »
So Dave Ramsey seems to be a person who gives much advice in personal finance. I don't exactly agree with his 1 size fits all approach to finance.  Are there others who find flaws in his "steps" or is it just me?
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Re: Investing?
« Reply #34 on: September 12, 2020, 11:31:20 PM »
So Dave Ramsey seems to be a person who gives much advice in personal finance. I don't exactly agree with his 1 size fits all approach to finance.  Are there others who find flaws in his "steps" or is it just me?

His personal finance stuff is good.  His investing stuff, not so much.  He recommends investing in mutual funds which are typically outperformed by index funds.

pugmaster

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Re: Investing?
« Reply #35 on: September 22, 2020, 06:40:15 PM »
UPDATE: Dave Ramsey is a Pug man. I hope this information soothes you as it has soothed me.

[urlhttps://www.daveramsey.com/blog/chosen ][/url]
I like my women the same way I like my personified cups of coffee...black...strong...and proud.

rawr1922

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Re: Investing?
« Reply #36 on: September 28, 2020, 07:28:45 PM »
Wanted to share first experience dealing with stocks. Charles Schwab legit & perfect for rookies like myself. Recently bought 10 shares of Nikola @ $30/share. Held high hopes + expectations for this hydrogen fuel cell start up auto company. GM invested 2 billion & Republic Services (2nd largest trash company) held an agreement with Nikola to supply dump trucks in a couple years. Their consumer truck The Badger looked fantastic with good stats set to release next year. 
As soon as I invested, scandal around the corner. Allegations of fraud , the ceo/founder leaving the company , & seems like every week a new negative event brought up in the news. As soon as things went south, sold asap. Luckily only lost $40 in all .Stock trading at $19/share now. Pretty bummed, thought this company gonna be legit. Fun experience checking stock price every morning.   Long before  I invested, Nikola traded as high as $90 back in June. 
 
Also recently read a book about Theranos called Bad Blood. Quick overview if you haven't heard,  Elizabeth Holmes claimed to create super innovative blood test machine that only requires a few drops of blood. Complete fraud. She fooled so many people, investors , gvt officials, & even Walgreens to sign a big contract. Shes actually in the early phase of her trial right now. Just blows my mind after Enron, all this fraud still happening today on a huge scale.

GardenSkater77

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Re: Investing?
« Reply #37 on: September 28, 2020, 08:12:42 PM »
Wanted to share first experience dealing with stocks. Charles Schwab legit & perfect for rookies like myself. Recently bought 10 shares of Nikola @ $30/share. Held high hopes + expectations for this hydrogen fuel cell start up auto company. GM invested 2 billion & Republic Services (2nd largest trash company) held an agreement with Nikola to supply dump trucks in a couple years. Their consumer truck The Badger looked fantastic with good stats set to release next year. 
As soon as I invested, scandal around the corner. Allegations of fraud , the ceo/founder leaving the company , & seems like every week a new negative event brought up in the news. As soon as things went south, sold asap. Luckily only lost $40 in all .Stock trading at $19/share now. Pretty bummed, thought this company gonna be legit. Fun experience checking stock price every morning.   Long before  I invested, Nikola traded as high as $90 back in June. 
 
Also recently read a book about Theranos called Bad Blood. Quick overview if you haven't heard,  Elizabeth Holmes claimed to create super innovative blood test machine that only requires a few drops of blood. Complete fraud. She fooled so many people, investors , gvt officials, & even Walgreens to sign a big contract. Shes actually in the early phase of her trial right now. Just blows my mind after Enron, all this fraud still happening today on a huge scale.

No idea what you are looking at. Take 90% of your savings and dump it into Vanguard Total Stock Market Admiral Shares:

https://investor.vanguard.com/mutual-funds/profile/overview/vtsax

If itís good enough for Warren Buffet itís good enough for Rawr1922.

The 10% you donít invest in a mutual fund you can gamble with.

If your job has a matching 401k even better.

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rawr1922

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Re: Investing?
« Reply #38 on: September 29, 2020, 12:43:11 AM »
Thanks for recommendation Garden Skater!  Vanguard appears legit especially for long term gains. Have a 401K account from an old job thinking about transferring to vanguard.  Just let money sit then grow over the decades. Sounds nice.
 
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Chatbot

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Re: Investing?
« Reply #39 on: September 29, 2020, 09:46:14 AM »
Wanted to share first experience dealing with stocks. Charles Schwab legit & perfect for rookies like myself. Recently bought 10 shares of Nikola @ $30/share. Held high hopes + expectations for this hydrogen fuel cell start up auto company. GM invested 2 billion & Republic Services (2nd largest trash company) held an agreement with Nikola to supply dump trucks in a couple years. Their consumer truck The Badger looked fantastic with good stats set to release next year. 
As soon as I invested, scandal around the corner. Allegations of fraud , the ceo/founder leaving the company , & seems like every week a new negative event brought up in the news. As soon as things went south, sold asap. Luckily only lost $40 in all .Stock trading at $19/share now. Pretty bummed, thought this company gonna be legit. Fun experience checking stock price every morning.   Long before  I invested, Nikola traded as high as $90 back in June. 
 
Also recently read a book about Theranos called Bad Blood. Quick overview if you haven't heard,  Elizabeth Holmes claimed to create super innovative blood test machine that only requires a few drops of blood. Complete fraud. She fooled so many people, investors , gvt officials, & even Walgreens to sign a big contract. Shes actually in the early phase of her trial right now. Just blows my mind after Enron, all this fraud still happening today on a huge scale.


Going off what Garden Skate said, since you already have Schwab account you don't have to open a new account with Vangaurd if you don't want to. Schwab has their equivalent versions of whatever funds Vanguard offers. You just need to research and pick what funds your interested in, e.g. S&P500 index, large cap index, small cap, a target date, etc.

I'm just curious though, you saw Nikola at $90 in June, what made you think that investing at $30 three months later was a good idea? Especially since the price pretty much did already did a 7x from May - June. Chart looks like a classic PnD. Since you didn't lose much it's a good learning experience for sure but I bet alot of people got burned on that.

Speaking of Bad Blood. You just reminded me that I should probably start reading it as it has been sitting on my self unopened for a year now.

Madam, I'm Adam

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Re: Investing?
« Reply #40 on: November 14, 2020, 10:21:24 AM »
If you don't know what you're doing or don't want to put in the research hours, get yourself an advisor you trust.  We've had ours for about ten years and she is solid.  A good advisor won't make you, "Wolf of Wall Street" rich overnight, but they will move your assets around in accordance with the market and set you up for the long term.  ETFs are normally the way to go with a flyer here or there.

Bump, I know bumping an old thread is like shouting into a void sometimes but I just wanted to ask -- I've been thinking about finding an advisor myself but some finance authors say that they're expensive and unnecessary. Yours is obviously working for you, did you try to do research yourself but found that an advisor is way more helpful and worth the cost? I honestly don't know whether to do it all myself or to go through an advisor. I'm reading books and trying to educate myself more but it feels overwhelming at times.

© Ari Marcopoulos

Telly

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Re: Investing?
« Reply #41 on: November 14, 2020, 11:45:43 AM »
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If you don't know what you're doing or don't want to put in the research hours, get yourself an advisor you trust.  We've had ours for about ten years and she is solid.  A good advisor won't make you, "Wolf of Wall Street" rich overnight, but they will move your assets around in accordance with the market and set you up for the long term.  ETFs are normally the way to go with a flyer here or there.
[close]

Bump, I know bumping an old thread is like shouting into a void sometimes but I just wanted to ask -- I've been thinking about finding an advisor myself but some finance authors say that they're expensive and unnecessary. Yours is obviously working for you, did you try to do research yourself but found that an advisor is way more helpful and worth the cost? I honestly don't know whether to do it all myself or to go through an advisor. I'm reading books and trying to educate myself more but it feels overwhelming at times.

You can text mr Ed Mickey Taylor.  Heís super smart

Madam, I'm Adam

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Re: Investing?
« Reply #42 on: November 14, 2020, 01:52:29 PM »
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If you don't know what you're doing or don't want to put in the research hours, get yourself an advisor you trust.  We've had ours for about ten years and she is solid.  A good advisor won't make you, "Wolf of Wall Street" rich overnight, but they will move your assets around in accordance with the market and set you up for the long term.  ETFs are normally the way to go with a flyer here or there.
[close]
805 - 953 - 8938

Bump, I know bumping an old thread is like shouting into a void sometimes but I just wanted to ask -- I've been thinking about finding an advisor myself but some finance authors say that they're expensive and unnecessary. Yours is obviously working for you, did you try to do research yourself but found that an advisor is way more helpful and worth the cost? I honestly don't know whether to do it all myself or to go through an advisor. I'm reading books and trying to educate myself more but it feels overwhelming at times.
[close]

You can text mr Ed Mickey Taylor.  Heís super smart

I tried but he sent me an automated message to add my contact info to some website before he could reply. Looks like I'll be missing out on the wisely ol' seer's trove of insight.

© Ari Marcopoulos

Carrolls Chesthairs

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Re: Investing?
« Reply #43 on: November 15, 2020, 04:19:48 PM »
With talks of another shutdown, anything worth investing in?
CVS?

Jumping Beans

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Re: Investing?
« Reply #44 on: January 12, 2021, 02:42:00 AM »
Bump.  Been doing tons of research the past few days about how to get started, and have learned a lot, but still feel like Iím at square one.  Looked into Bitcoin but the two main trading apps for it, Binance and Coinbase, have either been flooded with bad reviews recently or just seem over complicated for a newbie like me.  Looked into Wealthsimple as a trading platform, and while they seem super legit, Iím still a little wary about throwing out my SSN. 

Also considering trading through my bank, but not sure if itís worth the extra cost vs using an app.  I know thereís countless ways to go about it, I just donít know which to choose.  I only want to put a couple hundred into something with good long term growth, like the S&P or ARKK or something similar to get my foot in the door, then eventually get more involved.

essal

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Re: Investing?
« Reply #45 on: January 12, 2021, 05:55:55 AM »
I use Crypto.com for my crypto currency investing.
Currently up roughly 100% since I started (included yesterdays heavy drop), I have some Bitcoin, Etherium and Elrond.

The funds I have via my bank are up 1.7% in comparison during the same time period.

I'll probably continue to put more money into "safe" crypto like Bitcoin than more into my funds. Even the payoff on high risk funds is extremely low in comparison to worst case long term Bitcoin estimates.

ungzilla

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Re: Investing?
« Reply #46 on: January 12, 2021, 06:08:35 AM »
i'm going all in on tulip bulbs

GardenSkater77

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Re: Investing?
« Reply #47 on: January 12, 2021, 06:31:38 AM »
i'm going all in on tulip bulbs

Diversify your bulbs diggaí.

the hilarious owen wilson

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Re: Investing?
« Reply #48 on: January 12, 2021, 07:08:27 AM »
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i'm going all in on tulip bulbs
[close]

Diversify your bulbs diggaí.
i'm going all in on land. if you've got water and soil you can sustain yourself. there are conveniences and other things you can't DIY so i'm looking to get into crypto and i couldn't find their stock number but Gab is liable to go through the roof after the conservative purge on twitter and fb. other than that, i don't have any hot stocks to recommend.
but land, if the dollar holds value, you can flip it. finite resource and all that.

fredgallSOTY

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Re: Investing?
« Reply #49 on: January 12, 2021, 08:41:12 AM »
investing aint hellride brah
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Re: Investing?
« Reply #50 on: January 12, 2021, 09:59:57 AM »
I really want to invest in water and agriculture but unsure how to do so if anyone has tips.
Focus on water. It's really easy research and a lot is pretty affordable. But if you got Hella skill American water works, but it's pricey.

Also yeah backin the pals with the etf jawns.
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Chatbot

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Re: Investing?
« Reply #51 on: January 12, 2021, 11:45:45 AM »
Bump.  Been doing tons of research the past few days about how to get started, and have learned a lot, but still feel like Iím at square one.  Looked into Bitcoin but the two main trading apps for it, Binance and Coinbase, have either been flooded with bad reviews recently or just seem over complicated for a newbie like me.  Looked into Wealthsimple as a trading platform, and while they seem super legit, Iím still a little wary about throwing out my SSN. 

Also considering trading through my bank, but not sure if itís worth the extra cost vs using an app.  I know thereís countless ways to go about it, I just donít know which to choose.  I only want to put a couple hundred into something with good long term growth, like the S&P or ARKK or something similar to get my foot in the door, then eventually get more involved.

Since you're just getting started, I'd suggest Cashapp for BTC. Instant buys and withdrawals. Once you get more into it, check out legit exchanges such as Coinbase Pro, Gemini, Kraken, etc. if you want to move into other cryptos and divesify.

Robinhood is super simple for stocks too. I wouldn't suggest keeping long term holds on there though. Use a legit brokerage if you want to build up long term investments. Schwab, TD, Fidelity, etc. are all easy to sign up and get started.

Every legit brokerage requires personal information to sign up and there are no ways around it (for traditional investing).

Look into opening a Roth IRA if your looking to build a long term, tax advantaged investment for retirement. I max mine out every year with a target date index fund that pretty much tracks the S&P growth. When I retire, I won't pay any tax on the gains.

the hilarious owen wilson

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Re: Investing?
« Reply #52 on: January 12, 2021, 02:45:02 PM »
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Bump.  Been doing tons of research the past few days about how to get started, and have learned a lot, but still feel like Iím at square one.  Looked into Bitcoin but the two main trading apps for it, Binance and Coinbase, have either been flooded with bad reviews recently or just seem over complicated for a newbie like me.  Looked into Wealthsimple as a trading platform, and while they seem super legit, Iím still a little wary about throwing out my SSN. 

Also considering trading through my bank, but not sure if itís worth the extra cost vs using an app.  I know thereís countless ways to go about it, I just donít know which to choose.  I only want to put a couple hundred into something with good long term growth, like the S&P or ARKK or something similar to get my foot in the door, then eventually get more involved.
[close]

Since you're just getting started, I'd suggest Cashapp for BTC. Instant buys and withdrawals. Once you get more into it, check out legit exchanges such as Coinbase Pro, Gemini, Kraken, etc. if you want to move into other cryptos and divesify.

Robinhood is super simple for stocks too. I wouldn't suggest keeping long term holds on there though. Use a legit brokerage if you want to build up long term investments. Schwab, TD, Fidelity, etc. are all easy to sign up and get started.

Every legit brokerage requires personal information to sign up and there are no ways around it (for traditional investing).

Look into opening a Roth IRA if your looking to build a long term, tax advantaged investment for retirement. I max mine out every year with a target date index fund that pretty much tracks the S&P growth. When I retire, I won't pay any tax on the gains.
what's wrong w/ longterm investments in robin hood?
what about sofi?

Gary Gloverberg

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Re: Investing?
« Reply #53 on: January 12, 2021, 04:58:58 PM »
Browns +410 moneyline is looking great right now and Bucs Saints to hit the over should be a fun way to cap off the weekend. stocks are a gamble and unless youre in front of the ticker all day doing shorts its a waste of time.

do a yearly christmas savings account and work for a company that matches the shit out of your retirement in a nice safe target date portfolio. best short to long term investment is buying property

TheLurper

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Re: Investing?
« Reply #54 on: January 13, 2021, 01:06:37 AM »
Anyone else throw money into some bullshit cryptocurrency and lose the password? I have some ripple sitting in a wallet that will never be used. Whoops. I thought me and the ex wrote down all the info correctly but apparently not.

Like the rest of the made up currencies it is worthless but man it'll suck if that shit is worth real money in 5 to 10 years and I'm sitting on a few million that I can't access.

As for the real stock market, this shit feels like a casino.


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Chatbot

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Re: Investing?
« Reply #55 on: January 13, 2021, 06:06:59 AM »
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Bump.  Been doing tons of research the past few days about how to get started, and have learned a lot, but still feel like Iím at square one.  Looked into Bitcoin but the two main trading apps for it, Binance and Coinbase, have either been flooded with bad reviews recently or just seem over complicated for a newbie like me.  Looked into Wealthsimple as a trading platform, and while they seem super legit, Iím still a little wary about throwing out my SSN. 

Also considering trading through my bank, but not sure if itís worth the extra cost vs using an app.  I know thereís countless ways to go about it, I just donít know which to choose.  I only want to put a couple hundred into something with good long term growth, like the S&P or ARKK or something similar to get my foot in the door, then eventually get more involved.
[close]

Since you're just getting started, I'd suggest Cashapp for BTC. Instant buys and withdrawals. Once you get more into it, check out legit exchanges such as Coinbase Pro, Gemini, Kraken, etc. if you want to move into other cryptos and divesify.

Robinhood is super simple for stocks too. I wouldn't suggest keeping long term holds on there though. Use a legit brokerage if you want to build up long term investments. Schwab, TD, Fidelity, etc. are all easy to sign up and get started.

Every legit brokerage requires personal information to sign up and there are no ways around it (for traditional investing).

Look into opening a Roth IRA if your looking to build a long term, tax advantaged investment for retirement. I max mine out every year with a target date index fund that pretty much tracks the S&P growth. When I retire, I won't pay any tax on the gains.
[close]
what's wrong w/ longterm investments in robin hood?
what about sofi?

Nothing is wrong with Robinhood. I guess it's more of an opinion to have a large sum of money stored on a broker whose been around longer.

Chatbot

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Re: Investing?
« Reply #56 on: January 13, 2021, 06:08:52 AM »
Anyone else throw money into some bullshit cryptocurrency and lose the password? I have some ripple sitting in a wallet that will never be used. Whoops. I thought me and the ex wrote down all the info correctly but apparently not.

Like the rest of the made up currencies it is worthless but man it'll suck if that shit is worth real money in 5 to 10 years and I'm sitting on a few million that I can't access.

As for the real stock market, this shit feels like a casino.

Ripple recently got into a lawsuit with the SEC haha

Jumping Beans

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Re: Investing?
« Reply #57 on: January 13, 2021, 08:41:06 AM »
Yeah it would really suck to end up like that dude whoís sitting on 234m worth of Bitcoin, but canít remember his password and has two tries left or he loses it.

I ended up getting Wealthsimple Invest for a roboadvised ETF and Wealthsimple Trade for Bitcoin, since Iím in Canada and WS seems to be well regarded for beginners here.  Just threw $50 in each to start and get a feel for things, before getting into active trading and cold wallets and all that jazz.

tension

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Re: Investing?
« Reply #58 on: January 13, 2021, 08:51:42 AM »
Ive looked at a few store fronts for a shop my wife and i have been looking to open and theres LOTS of store fronts now so we put a bunch of low offers in and kinda feel confident

besides from that ive had apple stock for about a decade which rules and we have some money invested in pot and cbd
hopefully ty evans was there to film him laying on the ground in HD