News
news New biometric database can identify people through scars, tattoos and even their voice
news Cattle Are Being Mutilated And Killed In Eastern Oregon
news Insider Interview on Skinwalker Ranch History
news Squirrels Can Speak Bird
news US Navy pilot says mystery ‘dark mass’ emerged from ocean and swallowed torpedo
news Cognitive scientist says we see things as we need to, rather than as they are.
news A Movie You Control With Your Mind
news Radioactive Cloud That Blanketed Europe Traced to Russian Nuclear Facility
news Organization Says It’s Obtained ‘Exotic’ Metals Unknown to Science
news The frightening supernatural story of the Black Bird of Chernobyl
news Recent UFO Encounters With Navy Pilots Occurred Constantly Across Multiple Squadrons


Username:
Password: or Register
 
Thread Rating:
  • 3 Vote(s) - 3.67 Average
  • 1
  • 2
  • 3
  • 4
  • 5

Po man's investment thread. Beginning investors
He Man
Subscriber
User ID: 509202
04-09-2021 05:40 PM

Posts: 35,498




Post: #181
RE: Po man's investment thread. Beginning investors
Advertisement
My advice is: keep good records of what you bought with details of how many shares or units, etc. Note the date and value at purchase and note every time the stock splits, keep those notes in a very safe space and make sure you organize then well.

Most of the stock trading companies are not good at keeping good records of your assets. They expect you to track the important tax information of what was purchased and what stocks went up in value and which went down so you can list gains and losses for your yearly tax filing.

ALSO: Avoid buying any stocks on margin or with loans from the stock trading company. They really make it hard to know in some of them when you are "power buying" or some other term that means you just borrowed money to buy more stocks or options.

These companies also make it very difficult to ever leave or get your money out of their accounts. They will never admit that but it is what I have experienced in a number of companies like Etrade, Interactive Brokers etc. etc.

Get good books from independent sources and study the markets carefully before you ever borrow money from these companies to buy any stocks or options. It is very easy to lose huge amounts of money when the stock market makes a "correction and goes down 10 - 60%, then you still need to payback the "borrowed" money on stocks that are now worth way less than what you paid for them.

ALSO Keep good track of all costs, the cost of the stock is just the beginning, you also need to track the fees for the purchase, the cost of the interest on the borrowed money if you did that, the cost of the source of the investment advice you may have paid for like a stock advice subscription, etc. etc. If you buy precious metals they may be charging you a storage fee, look for hidden fees and costs and factor those in or you really are not aware of real profits and losses.

You cannot really track profits and loss if you do not keep careful track of all of the costs.

Also only invest a small portion of your net worth. It has to be an amount you can afford to lose. Start small stay small until you have a long and successful investment history. Then NEVER invest more than you can afford to lose because any kind of investments like these are high risk by their nature. If you want safe investments with the best chance of steady gains with lower risks stick to good well performing index stocks.

Good luck, have fun keep good records and really try to be cold and calculating in determining if you are really making gains or taking losses.

The nature of humans is to overlook the bad decisions and losses, and focus on their luck and optimism, but that does not generally serve anybody well.

Making LOP Great again since 06-07-2013!

[Image: PYkec5s.jpg]

"They pelted us with rocks and garbage!"
(This post was last modified: 04-09-2021 05:43 PM by He Man.) Quote this message in a reply
blind prophet
Teiresias
User ID: 555599
04-09-2021 05:47 PM

Posts: 22,649




Post: #182
RE: Po man's investment thread. Beginning investors
LoP Guest  Wrote: (04-09-2021 05:20 PM)
I bought an ebola testing stock back during the ebola scare. It was a penny stock and the CEO sold the company without even a shareholder vote which was illegal and I got a notice of a class action suit but nothing ever came of it.

I did make money in penny stocks once. I bought about eight of them, Where you buy like a thousand shares for five hundred bucks. One day I looked at my account and one of them I paid two hundred for was at two thousand so I sold and bought anew stereo. Another one I bought turned out to be an option instead of a stock and expried worthless and I had to pay a commission to sell it.

But now that there is zero commission trading it seems like someone could come up with a way to make money off of that.

That's weird about the Ebola stock, well hopefully it is still in dialogue and didn't get dismissed.

I've got my just for fun dogecoin, but you know, wouldn't mind getting lucky on that myself.

[Image: giphy.gif]
Quote this message in a reply
blind prophet
Teiresias
User ID: 555599
04-09-2021 05:52 PM

Posts: 22,649




Post: #183
RE: Po man's investment thread. Beginning investors
He Man  Wrote: (04-09-2021 05:40 PM)
My advice is: keep good records of what you bought with details of how many shares or units, etc. Note the date and value at purchase and note every time the stock splits, keep those notes in a very safe space and make sure you organize then well.

Most of the stock trading companies are not good at keeping good records of your assets. They expect you to track the important tax information of what was purchased and what stocks went up in value and which went down so you can list gains and losses for your yearly tax filing.

ALSO: Avoid buying any stocks on margin or with loans from the stock trading company. They really make it hard to know in some of them when you are "power buying" or some other term that means you just borrowed money to buy more stocks or options.

These companies also make it very difficult to ever leave or get your money out of their accounts. They will never admit that but it is what I have experienced in a number of companies like Etrade, Interactive Brokers etc. etc.

Get good books from independent sources and study the markets carefully before you ever borrow money from these companies to buy any stocks or options. It is very easy to lose huge amounts of money when the stock market makes a "correction and goes down 10 - 60%, then you still need to payback the "borrowed" money on stocks that are now worth way less than what you paid for them.

ALSO Keep good track of all costs, the cost of the stock is just the beginning, you also need to track the fees for the purchase, the cost of the interest on the borrowed money if you did that, the cost of the source of the investment advice you may have paid for like a stock advice subscription, etc. etc. If you buy precious metals they may be charging you a storage fee, look for hidden fees and costs and factor those in or you really are not aware of real profits and losses.

You cannot really track profits and loss if you do not keep careful track of all of the costs.

Also only invest a small portion of your net worth. It has to be an amount you can afford to lose. Start small stay small until you have a long and successful investment history. Then NEVER invest more than you can afford to lose because any kind of investments like these are high risk by their nature. If you want safe investments with the best chance of steady gains with lower risks stick to good well performing index stocks.

Good luck, have fun keep good records and really try to be cold and calculating in determining if you are really making gains or taking losses.

The nature of humans is to overlook the bad decisions and losses, and focus on their luck and optimism, but that does not generally serve anybody well.


Oh no borrowed fund here, I'd never do that. All risk is within means so far.

I had no idea about some of those hidden fees either, I'm just in general stocks and crypto though.

That's actually scary about trouble getting money out of account too. I better test it soon make sure I can without issue.

[Image: giphy.gif]
Quote this message in a reply
LoP Guest
lop guest
User ID: 583295
04-09-2021 05:55 PM

 




Post: #184
RE: Po man's investment thread. Beginning investors
blind prophet  Wrote: (04-09-2021 05:52 PM)
He Man  Wrote: (04-09-2021 05:40 PM)
My advice is: keep good records of what you bought with details of how many shares or units, etc. Note the date and value at purchase and note every time the stock splits, keep those notes in a very safe space and make sure you organize then well.

Most of the stock trading companies are not good at keeping good records of your assets. They expect you to track the important tax information of what was purchased and what stocks went up in value and which went down so you can list gains and losses for your yearly tax filing.

ALSO: Avoid buying any stocks on margin or with loans from the stock trading company. They really make it hard to know in some of them when you are "power buying" or some other term that means you just borrowed money to buy more stocks or options.

These companies also make it very difficult to ever leave or get your money out of their accounts. They will never admit that but it is what I have experienced in a number of companies like Etrade, Interactive Brokers etc. etc.

Get good books from independent sources and study the markets carefully before you ever borrow money from these companies to buy any stocks or options. It is very easy to lose huge amounts of money when the stock market makes a "correction and goes down 10 - 60%, then you still need to payback the "borrowed" money on stocks that are now worth way less than what you paid for them.

ALSO Keep good track of all costs, the cost of the stock is just the beginning, you also need to track the fees for the purchase, the cost of the interest on the borrowed money if you did that, the cost of the source of the investment advice you may have paid for like a stock advice subscription, etc. etc. If you buy precious metals they may be charging you a storage fee, look for hidden fees and costs and factor those in or you really are not aware of real profits and losses.

You cannot really track profits and loss if you do not keep careful track of all of the costs.

Also only invest a small portion of your net worth. It has to be an amount you can afford to lose. Start small stay small until you have a long and successful investment history. Then NEVER invest more than you can afford to lose because any kind of investments like these are high risk by their nature. If you want safe investments with the best chance of steady gains with lower risks stick to good well performing index stocks.

Good luck, have fun keep good records and really try to be cold and calculating in determining if you are really making gains or taking losses.

The nature of humans is to overlook the bad decisions and losses, and focus on their luck and optimism, but that does not generally serve anybody well.


Oh no borrowed fund here, I'd never do that. All risk is within means so far.

I had no idea about some of those hidden fees either, I'm just in general stocks and crypto though.

That's actually scary about trouble getting money out of account too. I better test it soon make sure I can without issue.

I have to take a bus ride half a day to deposit money. facepalm
Quote this message in a reply
blind prophet
Teiresias
User ID: 555599
04-09-2021 05:58 PM

Posts: 22,649




Post: #185
RE: Po man's investment thread. Beginning investors
LoP Guest  Wrote: (04-09-2021 05:55 PM)
I have to take a bus ride half a day to deposit money. facepalm

Scenic route?

[Image: giphy.gif]
Quote this message in a reply
He Man
Subscriber
User ID: 509202
04-09-2021 06:16 PM

Posts: 35,498




Post: #186
RE: Po man's investment thread. Beginning investors
blind prophet  Wrote: (04-09-2021 05:52 PM)
He Man  Wrote: (04-09-2021 05:40 PM)
My advice is: keep good records of what you bought with details of how many shares or units, etc. Note the date and value at purchase and note every time the stock splits, keep those notes in a very safe space and make sure you organize then well.

Most of the stock trading companies are not good at keeping good records of your assets. They expect you to track the important tax information of what was purchased and what stocks went up in value and which went down so you can list gains and losses for your yearly tax filing.

ALSO: Avoid buying any stocks on margin or with loans from the stock trading company. They really make it hard to know in some of them when you are "power buying" or some other term that means you just borrowed money to buy more stocks or options.

These companies also make it very difficult to ever leave or get your money out of their accounts. They will never admit that but it is what I have experienced in a number of companies like Etrade, Interactive Brokers etc. etc.

Get good books from independent sources and study the markets carefully before you ever borrow money from these companies to buy any stocks or options. It is very easy to lose huge amounts of money when the stock market makes a "correction and goes down 10 - 60%, then you still need to payback the "borrowed" money on stocks that are now worth way less than what you paid for them.

ALSO Keep good track of all costs, the cost of the stock is just the beginning, you also need to track the fees for the purchase, the cost of the interest on the borrowed money if you did that, the cost of the source of the investment advice you may have paid for like a stock advice subscription, etc. etc. If you buy precious metals they may be charging you a storage fee, look for hidden fees and costs and factor those in or you really are not aware of real profits and losses.

You cannot really track profits and loss if you do not keep careful track of all of the costs.

Also only invest a small portion of your net worth. It has to be an amount you can afford to lose. Start small stay small until you have a long and successful investment history. Then NEVER invest more than you can afford to lose because any kind of investments like these are high risk by their nature. If you want safe investments with the best chance of steady gains with lower risks stick to good well performing index stocks.

Good luck, have fun keep good records and really try to be cold and calculating in determining if you are really making gains or taking losses.

The nature of humans is to overlook the bad decisions and losses, and focus on their luck and optimism, but that does not generally serve anybody well.


Oh no borrowed fund here, I'd never do that. All risk is within means so far.

I had no idea about some of those hidden fees either, I'm just in general stocks and crypto though.

That's actually scary about trouble getting money out of account too. I better test it soon make sure I can without issue.

When I was moving some of my fathers accounts, it took over a month and multiple calls. They would do all kinds of little tricks, they would say it was happening, then you would call back and they would say oh, you never cleared this fee in this account so we stopped the transfer, or they would say they didn't have a record of the request to make the transfer, and different customer service representatives would say different things and not have the notes on the requests, etc. etc. etc.

It was amazing how many different ways they had to foul up any transfer request of funds to other companies or to send deposits to the owner of the accounts. And of course as soon as you transfer you are subject to capitol gains taxes.

So it is best to not move funds unless you have to, but when you do, be prepared for your company to do whatever they can to delay and distract from the requests to transfer funds. ALways give yourself lots of time to get the money from them if you need it in a week that is far too short.

Making LOP Great again since 06-07-2013!

[Image: PYkec5s.jpg]

"They pelted us with rocks and garbage!"
Quote this message in a reply
LoP Guest
lop guest
User ID: 465738
04-09-2021 06:37 PM

 




Post: #187
RE: Po man's investment thread. Beginning investors
I think the biblical admonition is right on:

He who tries to get rich quick will be soon poor

But money saved little by little grows and grows.
Quote this message in a reply
blind prophet
Teiresias
User ID: 555599
04-09-2021 11:37 PM

Posts: 22,649




Post: #188
RE: Po man's investment thread. Beginning investors
Thanks He Man.

[Image: giphy.gif]
Quote this message in a reply
blind prophet
Teiresias
User ID: 555599
04-09-2021 11:38 PM

Posts: 22,649




Post: #189
RE: Po man's investment thread. Beginning investors
LoP Guest  Wrote: (04-09-2021 06:37 PM)
I think the biblical admonition is right on:

He who tries to get rich quick will be soon poor

But money saved little by little grows and grows.


Hey that sounds reasonable to me. Also it's hard for us to save sometimes, this is sort of a new way to do it. Long term goals in mind.

[Image: giphy.gif]
Quote this message in a reply
LoP Guest
lop guest
User ID: 375078
04-09-2021 11:47 PM

 




Post: #190
RE: Po man's investment thread. Beginning investors
May be a good time for a short-term short bet on the S&P ...
https://finviz.com/quote.ashx?t=spy
1dunno1
Computers are swapping back and forth now...very few normal bids whistling
Quote this message in a reply
blind prophet
Teiresias
User ID: 555599
04-09-2021 11:57 PM

Posts: 22,649




Post: #191
RE: Po man's investment thread. Beginning investors
LoP Guest  Wrote: (04-09-2021 11:47 PM)
May be a good time for a short-term short bet on the S&P ...
https://finviz.com/quote.ashx?t=spy
1dunno1
Computers are swapping back and forth now...very few normal bids whistling

That dividend is decent too. All time high.

Guess you'd before before the next quarter though. You going to put any money in?

[Image: giphy.gif]
(This post was last modified: 04-09-2021 11:59 PM by blind prophet.) Quote this message in a reply
blind prophet
Teiresias
User ID: 555599
04-10-2021 12:24 AM

Posts: 22,649




Post: #192
RE: Po man's investment thread. Beginning investors
Biden’s Proposed Tax Hikes Raise the Risk for Tech and Financial Stocks

The market appears to be ignoring the possibility. The S&P 500 has gained almost 4% since the day before the plan was announced on March 31, and has hit new highs. That’s largely because investors expect taxes to be offset by spending and a booming economy. Yet history suggests that would be a mistake. The S&P 500 has returned an average of 2.4% in the 13 years in which both corporate and individual taxes rose, according to BTIG data, compared to 8% during all years. The following year has been even worse, with the S&P 500 averaging a 0.9% loss.

https://www.barrons.com/articles/ge-owns...1617665055

[Image: giphy.gif]
Quote this message in a reply








Contact UsConspiracy Forum. No reg. required! Return to TopReturn to ContentRSS Syndication