Just bought 15 shares of Linkden

Well, I lost $70 so far, and hey,

Anyway, I am going to start looking more into investing, get like $20k in my etrade account and see how I can do with it.

A couple questions I have. Is it really more a sit and wait game. When investing am I looking for the pull in and out as fast as I can. To make as much as I can.


What is up with penny stocks, are those really something I would want to touch intially.
 


AdExhibitJason said:
Well, I lost $70 so far, and hey,

Anyway, I am going to start looking more into investing, get like $20k in my etrade account and see how I can do with it.

A couple questions I have. Is it really more a sit and wait game. When investing am I looking for the pull in and out as fast as I can. To make as much as I can.


What is up with penny stocks, are those really something I would want to touch intially.
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YES...

The only way to make money is to buy and keep buying.. Thumb rule: Don't invest in stocks if you don't have money that you won't need for the next 5 years
 
i nearly fucking lost it with this one hahahah

jenzkc said:
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Penny stocks are risky as fuck but can reap great rewards.

My AP Econ teacher bought $1000 worth of LODE mining penny stocks. After a few years, that $1000 worth of stocks was worth $800,000.
 
blogspotter said:
YES...

The only way to make money is to buy and keep buying.. Thumb rule: Don't invest in stocks if you don't have money that you won't need for the next 5 years
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Not necessarily. There are several huge disasters a year, happening to individual companies.

Mini stock market crashes, where the whole market crashes for a day or two - buy then, 75% return in a few days.

BP Oil spill - buy then, quadrupled within a month or two

RBS close to bankruptcy - buy then, pentupled within a couple of months.

You just need to buy when everyone else is selling (although not retardedly, obviously, don't invest in companies that are clearly going bankrupt.
 
Better ROI's in Affiliate Marketing then day trading tell you that much. Unless you are into Options trading then you are risking your ass. Just ask Lenny dykstra
 
I think it's a great idea to get some investing discussion going.

I made some money shorting BP when I heard about the oil spill. I wish I bought around $30 and held it after though. Should have known the stock was going to shoot back up with such solid earnings.

I'm still consider myself pretty new to investing too even though I worked at a broker-dealer for a couple years. You have been talking most about speculating. I agree with blogspotter. Buying and holding and riding the ups and downs over time can give you awesome returns. If you don't want to try to beat the market, just go with the flow and buy a low fee ETF that tracks the whole US market like VMW. I buy mostly ETFs like that, BND for bonds, VEA for Europe. Instead of trying to time risky events on one stock, you can just try to time when you think the market is in bull runs or bear runs and adjust accordingly.
 
-joe- said:
Not necessarily. There are several huge disasters a year, happening to individual companies.

Mini stock market crashes, where the whole market crashes for a day or two - buy then, 75% return in a few days.

BP Oil spill - buy then, quadrupled within a month or two

RBS close to bankruptcy - buy then, pentupled within a couple of months.

You just need to buy when everyone else is selling (although not retardedly, obviously, don't invest in companies that are clearly going bankrupt.
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It takes balls of steel to run in when everyone is running out as fast as they can but you are totally right. I had some friends at my last job that bought into Ultra long financial ETFs right after the collapse in 2008. Must have gotten a 100% return by now.
 
DevMang said:
It takes balls of steel to run in when everyone is running out as fast as they can but you are totally right. I had some friends at my last job that bought into Ultra long financial ETFs right after the collapse in 2008. Must have gotten a 100% return by now.
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EIther Balls of Steel, or Stupid as Fuck, or have contacts in the Oval Office. For everyone who bought BOA at $4, there also are people who bought Enron at 50 cents
 
Navuud said:
Russia's google has IPO this week.

IPO Watch: Drafting Off LinkedIn, Yandex Looks To Price $1.1B IPO Monday - Tomio Geron - Social Markets - Forbes

Yandex has the largest search engine in Russia with 64% market share, according to Russian measurement service LiveInternet. Yandex has also been rated the most popular website in Russia, according to Alexa.com. Even Google, with about 22% in recent market share, has a tough time against the local Yandex. Yandex in Russia had 38.3 million uniques, the company says. It also operates in Ukraine, Kazakhstan and Belarus.

i think it's gonna pop, any thoughts?

BRICS - brazil, russia, india, china, south africa. Yandex is the most popular website in russia AND the most popular search engine
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I actually liked yandex a lot. It's like the old google without all the bullshit like instant and personalized search.
 
I was going to buy a couple of Linked-In stocks as well but I think I will sit in for this because I have a feeling its value will eventually decrease this summer.
 
DevMang said:
It takes balls of steel to run in when everyone is running out as fast as they can but you are totally right. I had some friends at my last job that bought into Ultra long financial ETFs right after the collapse in 2008. Must have gotten a 100% return by now.
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If you do proper analysis, hedge your bets, and think to yourself "can I see them going bust", it's not as big a risk as people often make out.

I'm too young to legally put my money into stocks (17, won't be 18 until september), but every time I've spotted a good investment, I've pointed it out to my dad, which he's then ignored. I've probably made around 15 picks in the past 2 years, and they've all doubled within a fortnight, and none have crashed further/gone bankrupt.

Quite frustrating hehe. :smokin:
 
-joe- said:
If you do proper analysis, hedge your bets, and think to yourself "can I see them going bust", it's not as big a risk as people often make out.

I'm too young to legally put my money into stocks (17, won't be 18 until september), but every time I've spotted a good investment, I've pointed it out to my dad, which he's then ignored. I've probably made around 15 picks in the past 2 years, and they've all doubled within a fortnight, and none have crashed further/gone bankrupt.

Quite frustrating hehe. :smokin:
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Excuses, excuses.

Loads of ways to trade while underage. Consult a lawyer. Probably the easiest would be to create trust funds to trade out of (what I did).
 
FTC-Hater said:
Excuses, excuses.

Loads of ways to trade while underage. Consult a lawyer. Probably the easiest would be to create trust funds to trade out of (what I did).
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It's only a few months now, so probably won't bother, since we're coming out of a recession, there'll probably not be as many big earners for the next few months.

My money's gonna be going into something else I've had my eye on for a while, that has no age requirements. (a currency of sorts) I reckon it should double fairly soon.
 
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