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Author Topic: Investing and personal finance  (Read 23919 times)
DroppingPlates
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Gimmicks r like viruses, you have good & bad ones.


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« Reply #150 on: December 17, 2016, 09:49:44 AM »

What are your thoughts on bit coin?


They're like casino fishes
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« Reply #151 on: December 26, 2016, 05:04:30 AM »

<a href="http://www.youtube.com/watch?v=5l9eXDfY6GI" target="_blank">http://www.youtube.com/watch?v=5l9eXDfY6GI</a>
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« Reply #152 on: January 01, 2017, 08:22:25 AM »

<a href="http://www.youtube.com/watch?v=NxXaEdG5tFA" target="_blank">http://www.youtube.com/watch?v=NxXaEdG5tFA</a>
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DroppingPlates
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Gimmicks r like viruses, you have good & bad ones.


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« Reply #153 on: January 06, 2017, 08:53:01 AM »

The World’s Biggest Hedge Fund is Embedding Its Founder’s Brain in an Algorithm

"...As described by Wall Street Journal, the system would take input, including peer reviews and employee testing, and use them to assign employees to specific tasks and provide them with detailed instructions for approaches and time management. It would also guide hiring, firing, and promotions. The system’s development is being overseen by David Ferrucci, who formerly led the creation of IBM’s Watson—despite earlier reports that Ferrucci would be working on economic modeling."

http://fortune.com/2016/12/24/bridgewater-ray-dalio-algorithm/
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FanBoi
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« Reply #154 on: January 29, 2017, 11:52:56 PM »

Jack Bogle.  Follow his advice and you should be ok.
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« Reply #155 on: February 18, 2017, 06:10:14 AM »

<a href="http://www.youtube.com/watch?v=cnrUZHSOOOI" target="_blank">http://www.youtube.com/watch?v=cnrUZHSOOOI</a>
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2Thick
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His Thickness


« Reply #156 on: April 08, 2017, 02:11:46 PM »

If you start maxing out an IRA at 25 starting with nothing in it, you can expect to have ~ $1.5 mil by the time you're 60 - if you assume the same sort of returns we've seen in the broad markets in the last 50+ years.

If you also max out a 401k, you can expect to have well over $6 mil by that time, assuming current contribution limits on IRAs and 401ks.

Diversify. Most of us are not smart enough to pick 8-10 stocks that will average 20, 30, 40% a year over the next several decades like Buffett and Nelson Peltz have been.

Be wary of anyone telling you to put everything into 1-2 stocks or commodities, or to buy and sell everything in the same day and go to 100% cash at the end of the day every day... or to be anywhere near 100% short or 100% in cash or whatever because they think the dollar and all stocks and all bonds are going to be worthless tomorrow. The world is probably not going to get that bad in my lifetime - and if it does, I suspect my own lifespan will be quite short, and I will probably take many other lives before I die.

I've been investing over 22 years. Am now semi-retired.
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« Reply #157 on: April 09, 2017, 08:51:02 AM »

good job, 2thick. I hope to be a successful long term investor too.  Smiley
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« Reply #158 on: April 18, 2017, 07:26:52 AM »

<a href="http://www.youtube.com/watch?v=VTU1G5NmmXI" target="_blank">http://www.youtube.com/watch?v=VTU1G5NmmXI</a>
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« Reply #159 on: May 12, 2017, 02:36:55 AM »

<a href="http://www.youtube.com/watch?v=t6zhKDLVJzA" target="_blank">http://www.youtube.com/watch?v=t6zhKDLVJzA</a>
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NaturalWonder83
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« Reply #160 on: May 13, 2017, 05:51:13 PM »

I've been using a site called betterment.com
I'm trying to learn about investing
Each week I put 25 dollars in my betterment account
I have 133 dollars invested and it says I have made $2.35. A 2.3% return.
And I have .2 cents in dividends

Should I keep doing this until I save 5k?
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« Reply #161 on: May 19, 2017, 09:45:23 AM »

I've been using a site called betterment.com
I'm trying to learn about investing
Each week I put 25 dollars in my betterment account
I have 133 dollars invested and it says I have made $2.35. A 2.3% return.
And I have .2 cents in dividends

Should I keep doing this until I save 5k?

the stock market is quite risky right now. Look into Lending Club instead.
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Slapper
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« Reply #162 on: June 07, 2017, 04:14:44 PM »

Wanna know how fucking good we have it here in the States? Friend of mine has been chewing my ear off with European stocks because he believes the Euro is about to go up again. One of his long positions was in a Spanish bank (POP/BPESF) that basically just got nationalized. Get this, after months of diffusing the fact that the bank had virtually no cash, the Spanish Minister of the Economy, the ECB as well as Spain Central Bank auditors; just dropped the hammer on everyone at 1AM last night, triggering a banking-system safety mechanism/protocol by which they effectively took control of the bank for about 2 minutes and then carried out a highest-bidder "auction," which ended in about 2 seconds with the sale of the bank to another Spanish bank (Banco Santander-SAN) for the symbolic price of €1. All in the name of banking-system preservation.  

My friend wakes up this morning only to find out that the 450,000 shares he bought for $ 1 back in November are worth $0.00. Bank was worth $ 35.00 back in 2007.

The whole episode is such a farce that the buying bank, which "supposedly" did everyone the favor of buying a decrepit bank with 40 billion in stale real estate assets (a business-bursting inheritance, or so they claimed,) and are about to hit SAN shareholders with a capital expansion, went up 2%.

  
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« Reply #163 on: June 08, 2017, 11:51:12 AM »

Wanna know how fucking good we have it here in the States? Friend of mine has been chewing my ear off with European stocks because he believes the Euro is about to go up again. One of his long positions was in a Spanish bank (POP/BPESF) that basically just got nationalized. Get this, after months of diffusing the fact that the bank had virtually no cash, the Spanish Minister of the Economy, the ECB as well as Spain Central Bank auditors; just dropped the hammer on everyone at 1AM last night, triggering a banking-system safety mechanism/protocol by which they effectively took control of the bank for about 2 minutes and then carried out a highest-bidder "auction," which ended in about 2 seconds with the sale of the bank to another Spanish bank (Banco Santander-SAN) for the symbolic price of €1. All in the name of banking-system preservation.  

My friend wakes up this morning only to find out that the 450,000 shares he bought for $ 1 back in November are worth $0.00. Bank was worth $ 35.00 back in 2007.

The whole episode is such a farce that the buying bank, which "supposedly" did everyone the favor of buying a decrepit bank with 40 billion in stale real estate assets (a business-bursting inheritance, or so they claimed,) and are about to hit SAN shareholders with a capital expansion, went up 2%.

that sucks, but your friend should realize that this is a very real risk (losing everything) if you invest in individual stocks. I am, however, sad to hear about his situation.
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Slapper
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« Reply #164 on: June 12, 2017, 06:15:36 PM »

that sucks, but your friend should realize that this is a very real risk (losing everything) if you invest in individual stocks. I am, however, sad to hear about his situation.

I'm not. There's a reason a stock is worth $1, and it isn't because it's being shorted to smithereens, it's because the management sucks and they are hell bent in sinking the ship.

I did thank him because I learned a very valuable lesson.
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Purge_WTF
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Constitution Party forever.


« Reply #165 on: June 14, 2017, 05:55:47 AM »

 Any recommendations for short-term investments? I made a small fortune from Netflix, but that involved investing a small percentage of my paychecks in their stock for ten years.
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« Reply #166 on: June 14, 2017, 01:45:37 PM »

Any recommendations for short-term investments? I made a small fortune from Netflix, but that involved investing a small percentage of my paychecks in their stock for ten years.

Are you in America? If so, Lending Club!
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Purge_WTF
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« Reply #167 on: June 16, 2017, 09:02:22 AM »

Are you in America? If so, Lending Club!

 Their stock appears to be down by quite a bit. Is it projected to go up?
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« Reply #168 on: June 18, 2017, 01:54:45 PM »

Their stock appears to be down by quite a bit. Is it projected to go up?

I am talking about investing with Lending Club (they sell loans to investors). I am not talking about buying the Lending Club stock.  Smiley
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« Reply #169 on: June 22, 2017, 09:13:23 AM »

I am talking about investing with Lending Club (they sell loans to investors). I am not talking about buying the Lending Club stock.  Smiley

 Their website is rather vague. How do they invest your money? Is there a minimum amount required?
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Heath must lose!!


« Reply #170 on: June 23, 2017, 08:02:02 AM »

Their website is rather vague. How do they invest your money? Is there a minimum amount required?
Hey you have to bring your own Vaseline at a minimum.
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« Reply #171 on: July 14, 2017, 11:28:41 AM »

<a href="http://www.youtube.com/watch?v=SFSWN_XT3KI" target="_blank">http://www.youtube.com/watch?v=SFSWN_XT3KI</a>
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« Reply #172 on: August 02, 2017, 01:30:59 PM »

<a href="http://www.youtube.com/watch?v=yF83BsYuvI8" target="_blank">http://www.youtube.com/watch?v=yF83BsYuvI8</a>
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Purge_WTF
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« Reply #173 on: August 03, 2017, 07:10:19 AM »

 I actually transferred some money from my checking account to my Etrade account for a short-term investment in Facebook, but I changed my mind.
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« Reply #174 on: September 30, 2017, 03:58:01 AM »

<a href="http://www.youtube.com/watch?v=t65LyBbWTBk" target="_blank">http://www.youtube.com/watch?v=t65LyBbWTBk</a>
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