Stock Investing Help ?
JuiceBox69
Fucking on Young N Dumb Chicken Heads
Been studying lots of companies I enjoy and looking at those historical ups and downs...a bunch opens up at $1 and 10-20 years later are now at $50-$150
My question is how do you find those companies just staring out on the market for $1 a share ?
My question is how do you find those companies just staring out on the market for $1 a share ?
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Guess that's another point, be careful you are looking at split adjusted data.
Only thing I ever did with a stock around $1 was to buy puts on GM back in 2009 and that turned into a very interesting situation.
Sometimes you can get scam promotion literature in the mail or emails promoting them and that's a scam. Price jumps up as people fall for it then it gets sold off big by the scam artists.
I think they call that the ol Pump and Dump scam.
I'm starting up a Edward JONES account this year to focus on short term trading like 5 years or less inbetween trading for profits
I plain on contribution to this account about $5K per year to this account and seeing what I can turn it into
Thanks for the help and ideas guys
What publication should I look into subscription to ? Or is Google finances enough if I learn how to research properly
with them, I'm making deposits into a savings account for 6 months, then we'll talk about investing once I "ratchet down expenses until it hurts" (their words, not mine). They had me bring by my 401k materials and they gave me honest advice what they would do / pick if they were in my shoes, with my funds. etc.
I mention it is case this is useful. Sorry, I have zero experience with stocks. I just always assumed I never had enough money to play. but like you, I am changing my attitude about this.
Are you thinking of SYSTEMs trading or discretionary or too early to say?
Dominic I agree...I'm glade I changed my view because now I'm in a place financially I never thought possible
Like you I had to clamp down to were it hurt...no more this...no more that...but in the long run I would gain those things back and then some
Hell I never thought I would get into stocks until people started pointing out if I'm that good in poker then I have at least the correct mindset to invest in stocks and probably do alright for myself.
One of my big ideas is if I cash one of my big tournament of $1,000-$2,000 entry I would win $100,000-$500,000 depending on how many entered and rebuys and add ons but once I hit that number I wouldn't want to play poker with it
So I would roll it over into stocks and try to build some more wealth with it
The fees and taxes with trading, from what I can tell, will eat into our gains. Death by 10,000 cuts.
I'm to much of a naivis to say I would suppose
Cash games is a safe investment
Tournament is a gamble with high payoffs
In stocks I want to do so similar
I want a safe long term strategy for the bulk of my wealth
But I want to gamble it up with a certain percentage to take shots in the short run
My strategy is value investing Buy and Hold , good quality securities think major companies maybe not sexy like finding a dollar stock that shoots up like a lottery ticket, but I'm not playing the lottery the companies that i buy do well over a long term and I don't need to watch the stock ticker which is a waste of my time, I usually reevaluate only once every quarter and for the most part make no changes other than to add to holdings.
If I were in your situation I would not be interested in shorting or any exotic strategies the traders generally fuck up and crap out to use a gambling phrase, I would buying good quality companies think GS, MSFT, WMT, and enroll in their DRIP program which will allow you to buy stock directly with no brokerage fees.
There is so much to investing educate your self it is a skill that is well worth it.
Some really good sound advice and fun ideas I need to research
Windy da pooh loves da honey pot
Yum! Brands Inc. (NYSE: YUM) is the world's largest fast food company with 35,000 restaurants in over 110 countries. Yum restaurants include KFC, Pizza Hut, Taco Bell, Long John Silvers (LJS), A&W, Pasta Bravo, Wing Street, and East Dawning.
I'm used to living off of $7 an hour for 40 hours with no overtime
I find the robo-investing very interesting and have been getting some good returns on some side non-retirement investing.
ROFL!
SJG
Do you know the definition of a broker? Answer: You leave their office broker than before you entered.
Most investment broker's advice costs more to utilize than leaving it alone in a diversified portfolio that you don't touch and let the markets do their things. Yet most people can't get in their heads that simple advice is all you need to know to get good growth through out the years. Just using simple dollar cost averaging on consistent basis is all most people need to know to outperform a money manager.
Some hard work and investing is needed if I plan on being like jack lash and shadow as an older gentleman hitting the clubs damn near weekly
I'm used to living off of $10,000 or under...used to have foodstamps and all that shit
Doesn't feel that tight living off of $25K but I wonder if I can go tighter or if it's even worth it
I mean I enjoy playing poker and investing in stocks...but I do understand that I can't take any of this with me once I die so what I work for I need to enjoy
Learning how to balance saving for what future I have left as shaylnne points out lol might not be to much longer...and enjoying pleasure in life like these hoes lol
I really like this idea on the concept that the education would jump me up the corporate latter plus the tax benefits I would get for being a student witch is the main idea I'm actually shooting at ...
Ok. Lol, easier said then done. I will post a more interesting link.
http://www.marketwatch.com/story/michael…
http://www.cnbc.com/2016/12/21/12-books-…
I don't remember if it was something I read above or in a related link but I read millionaires think about how much time it took to save the money they are about to spend before they do so. If it took all day to save 80 bucks from your paycheck, maybe blowing it all in one hour on a meal out isn't worth it to you. You are trading a full day of work for that one meal. Reading is a great way to educate yourself.
i read it in a finance book today.
http://www.cnbc.com/2017/02/20/grant-mil…
http://www.cnbc.com/2017/02/14/dont-get-…
Now for a link for parents discussing money with kids. Maybe one person reading this or some single mothers who are stripping.
http://www.marketwatch.com/story/4-most-…
I'm not sure about not paying kids for good grades. I really liked the extra money and it seemed like an award to me for good work, not a bribe. I think I only got paid a dollar an a in high school so that might be like tipping a stripper a quarter.
Shark is manual labor like masturbation
http://www.wholeearth.com/issue/2024/art…
SJG
There are provisions to close out or sell the contracts before settlement and that's what happens to most of them. There is no delivery. One time, however, I was long 2,000 barrels of oil, and forgot to close the contract before settlement. I had 2,000 barrels of oil show up at my door and it was a real bitch trying to get rid of them!
Forex is somewhat similar to futures but you can probably get a forex account with less experience. Look at Oanda or forex.com if you are interested in that. (Maybe go long the USD/MXN for when Trump really does build that wall and slaps Mexico with a border tax to pay for it.)